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I show .485 and volume coming in but getting quotes are hit or miss with TDA at the moment
Apple Buys GTAT then this all goes away for them. If its really that bad it seems like the only way out for Apple imo
trending up now
I read this motion to strike and expungement order as clear sign that bk dismissed once Gtat and Apple deal inked and approved by bk judge. Check the legal definitions of those terms used in the 8k. The gravity of the info in the 8k cannot be overstated and its literally looking like we hit the jackpot here. All imo but its in black and white folks
Sounds logical to me. A 150M DIP loan from Apple of all people speaks volumes about GTAT continuing operations in a very big way
People need to re-read that 8k again which was released aftermarket today. I will be shocked if this stock doesn't fly tomorrow.
Am I reading correctly from 8k that $150M DIP financing from Apple? Holy cow if this is true. The market cap at today's price is only $100M or so. This stock is going to blow up! Wish I had bought much more...this just gets better and better.
Today's prices were a gift imo
.77 close stock took breather today after big move from.30s
ITS RUNNING AGAIN
Bounced off that .85 hard again. support strong at that price.
its a very short term double from here so anything at these levels will payoff well imo
300k just bought. good purchase imo
plowed back through .90 may breakout here
great close. see you on the virtual trading floor tomorrow. GL
"portion" of the furnace sales. GTAT made out like a bandit on that deal hence the 100% gain since that news was released.
Look for GAP players at EOD
HOD folks
another move imminent here. ready to POP
Big news like this?
Apple ponders sapphire options, leaves door open for GT
Reuters
21 minutes ago
Oct 23 (Reuters) - Apple Inc said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc if the distressed supplier can reduce production costs for the scratch-resistant material.
GT, a former stock market darling and supplier to Apple, filed for bankruptcy on Oct 6 in a stunning turn of events for a company whose fortunes looked bright only a few months ago. Apple said on Thursday that GT's "ambitious" vision of sapphire manufacturing was ultimately not quite ready for primetime.
Few details have emerged since the bankruptcy filing, which wiped out most of GT's market value and triggered speculation over what may have soured its relationship with Apple.
But on Thursday, Apple, which had backed the development with GT of a sapphire-manufacturing plant in Arizona, said it will keep an eye on GT's advances, holding open the possibility of doing business with it in future.
"Apple put a lot of effort into an ambitious new sapphire manufacturing process with GTAT which is not ready for production. We're going to continue evaluating GTAT's progress on larger sapphire boule development, as well as consider other options for the facility," spokeswoman Kristin Huguet said, referring to raw cylinders of the material.
At the heart of GT's bankruptcy filing was a deal struck with Apple in November 2013. GT Advanced was to have used the Arizona plant to make scratch-resistant sapphire exclusively for Apple. That sapphire was to have eventually found its way into future mobile devices, such as iPhones - where it's already in use in their fingerprint sensors - or the upcoming Apple Watch.
On Thursday, GT said it will continue "technical exchanges" with Apple on making larger, next-generation sapphire boules, raw cylinders of the material that effectively increase capacity and lower the unit cost of production. GT said it would expand into boules of more than 165 kg, from the current 115 kg.
On Thursday, GT Advanced also laid out the details of an agreement struck and described in court on Tuesday.
Under that pact, GT will stop making sapphire materials for now and focus on supplying equipment to make sapphire crystals.
GT said it would be released from all exclusivity obligations with Apple and a mechanism would be provided for the iPhone maker to recover its $439 million pre-payment to the company, without interest.
At a hearing this week at the U.S. Bankruptcy Court in Springfield, Massachusetts, GT said the expected deal with Apple would save money and allow it to be more open about its mysterious Chapter 11 filing.
GT said on Thursday it would wind down its sapphire production factories in Mesa, Arizona and Salem, Massachusetts. It has laid off about 650 employees at the Mesa plant and expects additional job cuts in Salem.
GT will retain control of its intellectual property and will be able to sell its sapphire fabrication technology without restrictions, it said in a statement.
WOW!!! Still doing biz with Apple!
short covering over $1 will push to $2 quick. possibly in 2 sessions if the dollar close holds
.80 just hit again
chart screams .90+ TODAY
yes thats $3 from current price
No i believe the ch 11 is still a go but this is a great start for their reorganization. A lot of debt with Apple got wiped out. Furnaces at the Arizona plant will be sold and only a portion of the proceeds go to Apple. Technically gt just made a couple hundred million lol
WOW this tweet rules!
no matter how it flushes out, it appears $GTAT has just shed over $400 million dollars worth of debt
garp4stockz • 7 minutes ago
the apple deal was a losing proposition. remember that gt has cash and ip worth many millions. there are other phone manufacturers and other applications for their tech
major up day tomorrow. congrats!
+15% on the day
Yes so much for the "sell off" going into the weekend. Looks like we may be getting some good news prior to open.
UP SHE GOES! .42 NOW
monster run coming $$$$'s
Judge may demand full disclosure JUST OUT
Judge in Apple supplier's bankruptcy questions need for secrecy
Reuters
4 minutes ago
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?
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(Adds comment from judge, background on Apple)
Related Stories
Apple supplier GT to drop sapphire ops, asks bankruptcy plan remain secret Reuters
GT says confidentiality pact rules out bankruptcy explanation Reuters
[$$] GT Advanced Confidentiality Hearing With Apple Delayed The Wall Street Journal
GT Advanced Delays Hearing on Sealed Documents, Wind-Down Bloomberg
[$$] Apple Partner Wants to Wind Down Sapphire Production The Wall Street Journal
By Nick Brown and Noel Randewich
Oct 15 (Reuters) - The judge overseeing the mysterious bankruptcy of an Apple Inc sapphire supplier on Wednesday voiced skepticism over requests for secrecy and compared the iPhone maker to a demanding homeowner unhappy with how a construction project turned out.
Scant information has emerged since GT Advanced Technologies Inc filed for bankruptcy last week, wiping out most of its market value and triggering speculation about what may have soured its Apple relationship and torpedoed its prospects.
Key court filings revealing the reasons for the bankruptcy, which are routine in most Chapter 11 cases, have been filed with the court in secret. GT Advanced cited strict confidentiality requirements in its Apple contracts which, if violated, carry fines of $50 million.
At a hearing in U.S. Bankruptcy Court in Springfield, Massachusetts, Judge Henry Boroff told a lawyer for Apple that the documents do not seem to contain much proprietary information. Boroff instructed Apple to provide him a list by Monday of exactly which elements of the filings are sensitive.
"I've got a foot-high stack of documents, and it can't be that it all must be sealed," Boroff said.
Boroff said Apple and GT Advanced appeared to have made a complex series of agreements. The two made a deal in November for GT to set up a factory in Mesa, Arizona, to make scratch-resistant sapphire glass exclusively for Apple.
"I'm seeing what looks incredibly like a construction suit, where a homeowner says to the contractor, 'It didn't come out the way I wanted to,' and the contractor says, 'Well, it would have come out that way if you didn't continue to change the specifications.'"
Apple is widely seen as running one of the most efficient supply chains in the world but the Cupertino, California, company is also known for exacting standards and pricing that often leave its suppliers little room for profitability.
Boroff's comments came during a hearing that was meant to consider a motion by GT Advanced to keep certain documents sealed and begin the process of winding down its operations. But those issues were postponed until next Tuesday, in light of the recent appointment of GT Advanced's official creditors' committee.
The committee, tasked with representing the interests of all of the company's unsecured creditors, needs more time to get up to speed, Luc Despins, a lawyer for GT Advanced, told the court.
Despins added that the company will cease new production of sapphire and will begin sending notices to employees under the Worker Adjustment and Retraining Notification, or WARN, Act, which requires employers to warn workers of impending mass layoffs.
With the exception of Apple, parties in the case, including regulators and creditors, are pushing for more transparency. Earlier this week, the U.S. Department of Justice's bankruptcy watchdog in court papers said sealing information about GT Advanced's downfall would "thwart" the objectives of bankruptcy laws and "unjustifiably undermine" the system's fairness.
HOD close very possible. Nothing has come out in news that we already didn't know. Short covering hasn't even started en masse yet though but it will be apparent when it does.
Going up again .515
lol at the twitter freaks that sold. OF COURSE its getting a Q its a bk play stock. Price near .50 again right now
I don't see it but maybe apple filed it?
New pacer docs out on GTAT?
Saw on another board but someone with pacer login please check asap...this is what we all hoped for if true!!
Ok thanks for the info. Rumors usually don't include specific numbers so that may be a possible scenario. Gtat going higher that is not a rumor
NO HALT! Trading past 10am so Nasdaq appeal successful! Double today folks
Uh oh that would explain apples fight to keep this all under wraps. That would be huge for gt if true. Was it a reliable poster? I have an iPhone 6 and must say it feels very fragile.