Argo just bought another $1.5Million worth of claims on GTAT! Filing from today: https://www.kccllc.net/gtat/document/1411916141211000000000002

$1,014,992.66 on page 2
$447,938.41 on page 4

EDIT: Missed the second amount of $447,938.41, I didn't read the entire document! This should be good news.

In the last 20 minutes, I've seen close to a million shares worth of support in the .22 to .23 range on L2. 300,000 on NITE at .222 and 500,000 on CSTI at .227, plus a couple hundred thousand more on others. The freefall is over for now.

EDIT: NITE's now 270,000 @ .233

I'm seeing the same thing as Paulinator, MLCO has been parked at .30 on the bid all morning, and the ask hasn't moved below .30 all morning either. Obviously there's something weird going on with the Level 2 data.

(Note: the large CSTI bid was only there for a minute or two)

Hahaha, this is awesome. I'm going to post it again as an image

Legal fees are listed separately, this is just company operations. Most likely from winding down operation if I had to guess: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108959771

98% of the cash bleed on the Statement of Operations is from "GTAT Corporation," which is the entity in charge of operating the Mesa Sapphire factory. I'm fairly certain that that the cash burn must be from winding down operations. Actually, it would also include regular operations from 1 weeks before the Ch11 filing, because this statement reaches back to September 29 (5 weeks = Sept 29 to Nov 1).

GTAT Corp also has $64.4 million listed in inventory on their asset sheet, which presumably would mean sapphire product. I wonder how much of this would be new product since the beginning of the statement period? My guess is most of it, but certainly some of it since that was the entire point of them winding down operations instead of just halting them.

The main hearing has been moved to December 15, so I expect anything released today to be minor. That is, unless we hear something about Monday's deposition, which would be great!

Thanks for the heads up! I found the complete filing:

Income and Balance Sheet: http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10350075-9194-66521&type=sect&TabIndex=2&companyid=742157&ppu=%252fdefault.aspx

All Documents: http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=10350075&companyid=742157&ppu=%252fdefault.aspx

What do you interpret this to mean?

Fair point, I hadn't thought of that.

If I had to guess, partly because Apple's stonewalling has caused delays, and partly because the creditors need time to go through all of the documents and form an adequate assessment of the situation. With literally thousands and thousands of documents for them to go through, several thousand of which they only got a couple days ago, and with Apple continuing to drag their feet, the delays aren't that surprising. I'm with you though in wishing for news sooner than later!

I believe that GTAT will survive as well. News can't come soon enough!

Done anyone have any insight into this question? Will we have a different judge next Monday? I wonder why the proceedings have been moved...

I'm not sure what could cause it to bounce tomorrow...I think we're going to have to wait longer for that. Dec 10th hearing on the Apple Settlement has been rescheduled for Dec 15th.

https://www.kccllc.net/gtat/document/1411916141208000000000014

Lol, a single person took a MASSIVE (lol) $5 loss on a 10,000 share sale and that's what you cite as evidence of people selling for "Any price they can get"?

While I'd love to hear what was said in the deposition, given what's been filed publicly so far I don't expect to see anything. The only Apple docs we've seen were the ones that the creditors used to support their motion for deposition. I'd love to be wrong though!

Holy cow...ATDF 141,000 shares on the bid.

Why do you keep posting outdated articles? There was literally no information available when this article was written—a ton of things have changed in the meantime, including revelations about Apple's shenanigans and the real reason's behind the CH11 filing.

Lol, you yourself said that the trades were removed, so obviously it was an error.

I don't know what it was, but I saw the .33 trades too. I'm using Level 2 on iHub. It showed up as three or four separate trades all in a row, about 10 or 15 trades into the day if I remember correctly. I can't see it anymore since iHub will only let me look back so far.

It's really wierd, because it was almost 3 cents below the bid, and below several other 10s of thousands of share orders below the bid.

6 days to cover...*ouch*

It's terribly sad, and I feel for all the people who lost so much of their hard-earned money. It makes me even more infuriated knowing that Apple caused this situation and could have prevented it from happening if they had cared about anyone other than themselves.

All of the court documents I've looked at do not specify a time more specific than "Monday, December 8." The original court order request asked for a "short half-day deposition", but did not specify a time. My guess would be that it takes place sometime in the morning, but that's just a guess.

On Monday the creditors have a deposition scheduled of Apple employees Duco Pasmooji and Jeff Williams, both of whom played leadership roles in he dealings with GTAT.

See this post: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=108802535

There's no guarantee of anything at this point, but many of us believe that GTAT will come out of Chapter 11 whole and that equity (shares) will not be eliminated. However, assuming equity is preserved, there is also no guarantee that we will receive the same number of shares of GTAT stock as we currently have in GTATQ shares. We could get the same number, or we could get a reduced percentage, or the shares could be reverse-split for a smaller number of shares at a greater price per share, or it could be a combination of these things. Hope this helps.

Yup, deposition is scheduled for this Monday morning!

Thank you for your hard work, Richard! We all appreciate it!

Re-read my post. Your response is irrelevant and has nothing to do with what I posted.

This is craziness. From what it says in this document, it sounds like Apple had a plan from the very beginning to allow themselves to take control of all of GTAT's furnaces in the event that they ran into problems:

It seems pretty clear now that the settlement will not be approved in it's current form.

Awesome information from the Yahoo Board. This is really good to hear. GTAT shouldn't have any trouble getting far more than $290,000 per furnace to meet Apple payments:

Just reading through this document now, it's interesting and important to note that as mentioned in this document, the "Squiller Declaration" was signed under penalty of perjury. The "Apple Letter" to the creditors, which all of the pro-Apple news articles have used as the source of their information, was not signed under the penalty of perjury, but was an informal letter. Kind of puts things in perspective, doesn't it!

PRELIMINARY OBJECTION AND RESERVATION OF RIGHTS OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO DEBTORS’ MOTION AND AUTHORIZING DEBTORS TO ENTER INTO, ADEQUATE PROTECTION AND SETTLEMENT AGREEMENT WITH APPLE

https://www.kccllc.net/gtat/document/1411916141205000000000027

Dude, this document is awesome! Apple is trying really hard to hide something, and the creditors are having none of it. I have little doubt the judge will side with the creditors on this one. EDIT: The motion was withdrawn since Apple has agreed to produce all the un-redacted documents! That was fast!

THE DEPOSITION IS HAPPENING ON MONDAY!!

That quote is from APPLE, not GTAT

That's really fascinating, thanks for posting. I've read about this project before, but I had only ever thought of the batteries in connection with Tesla's cars. Widely available battery technology like this could have a huge impact on the electrical grid if implemented in the way this article talks about. Pairing the batteries with solar is a great idea, and makes solar a lot more useful to the consumer.

To be fair, he's correct in as much as he was responding to UpTick. The claim he was responding to was that GT couldn't pay it's bills, but the money it owes to Apple isn't due to be paid yet, so the original claim was incorrect.

Who the heck trades <$5 worth of shares at a time? (I know the answer, but seriously, the trading charts for this stock are so bizarre)

Does the 20 days condition give them preference under bk law?

FALSE, and you know it. GTAT still had over $80 million in cash, plus assets before they entered Chapter 11. They entered into Chapter 11 to prevent insolvency due to the $1M per day they were losing on the Apple deal.

I'll repeat it again: GTAT entered into Chapter 11 to prevent insolvency, not because they were already insolvent. What part of "assets exceed liabilities" is so hard to understand?