IMO
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yep and the big scam started the day this went into bk..its not like i didn't tell everyone
update:still worth $.0001 with everybody's hard earned money down the drain ~
like i said a year ago ,this is worth no more than $.0001
like i said years ago this was and still is a scam
like i said, the conjecture about the furnaces was total BS.. this will be .0001 in the future ..
What support .22? its going below that for sure..like I said sell
The furnaces AAPL financed for GTAT will never get sold..sell now before it goes to $.0001
Yep the new mine where it cost $1500.00 to produce a ounce of gold..
yes good call I'd agree~ fell bellow that .37 support~ headed towards that .22 support in time
The assumptions here are way off its just conjecture .. the debt far exceeds the assets.. its not like a company will come in and buy furnaces for what..they have failed? pure and simple...they will issue new common shares after this comes out of bk~~
Buying common stock of companies in Chapter 11 bankruptcy (GTATQ) is extremely risky and "is likely to lead to financial loss" according to the SEC. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares.
In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.
Sometimes, when stocks drop precipitously, they can easily over do it on the downside, as panic-selling ensues. These large declines can provide an attractive entry point for investors. The problem is that the biggest declines in stocks often occur the day that a company files for bankruptcy. Does that mean that bankrupt stocks can be a good buy? No, although some people don't realize that. Before buying that company that just filed Chapter 11, know the facts, and find out why any amount of money put in is bound to be lost. (To learn more details about a Chapter 11 filing, refer to An Overview of Corporate Bankruptcy.)http://www.investopedia.com/articles/stocks/09/bankrupt-stocks.asp ..
FALSE ASSUMPTION: furnace sales will even make DIP financing unnecessary FALSE:no change to GTAT share structure expected..Nothing from GTATQ on this no news @ all on it totally assumptions ~~
The DD on this board isn't proof either..99.9% of Companies that go into bk issue new shares~
So what does that chart say? bearish or bullish..mine is very very very bearish..
With GTATQ issuing new shares it won't last~
not for common shares..they will be worthless
the game is rigged..common shares will be worthless..they are on the bottom of totem~
Fact :common shareholders value will be zilch..after new shares are issued~
down 40% from its high is selling
yep plenty to make these shares of GTATQ worthless when they issue new shares coming out of bk~
GTATQ sell or lose $$$$ Bearish pennant flag formation:)))
GTAT HAS PLENTY OF ASSETS >FACT
THEY SURE CAN AFTER THEY COME OUT OF BK~
So your sayin some day these worthless shares are goin be worth something when GTAT issues completely new shares? Sure will like .$0001 or something close~
like I said..sell .41 goin down
double/down Thursday, 09/11/14 11:25:16 AM
Re: None
Post # of 18569
Don't let this bounce fool you ( we below the 200MA)..it best to swing these bounces..if it doesn't break 14.00.. I'll sell those 20K I pickup yesterday @ 12.77..
no I'm the person who's saying this won't .22...what say u?
What support .22? its going below that for sure..like I said sell
All GTATQ shares will be worthless..they will have no value once this is out of BK..time to sell is now~
you done seen the high...58C going lower see ya @ .00001
keep trying to scare the little sheep into selling..
double/down Tuesday, 10/07/14 08:24:54 AM
Re: None
Post # of 17638
Scavengers always come in after bk...be careful..get in get out fast..the clue here was all the Form 4's with the promoters heavily promoting telling everybody to hold hold hold, buy the dips ,shorts will be slaughtered,good news on the way,no way this will hit 11.00 or 9.00,no way the 9.00 gap would be filled( well hows pennies?) etc,etc...