GT Advanced Technologies Inc fka GTAT

[redrabbit]

Hard to see a scenario that avoids bankruptcy. Making sapphire glass products was not GTAT's core business. They were lulled into it by $$ and Apple fronting a lot of costs.

The bottom line is GTAT can't profitably make the products which is why they are losing $1 million daily in just one plant, which is why the filing said that they want to go back to their core technology of furnaces.

Even if out of some miraculous charity case Apple pays GTAT's debt off, that still leaves the problem of an unprofitable business, with negative cash flow.