This is an amazing outcome for shareholders! This guy is tweeting from within the courtroom:
garp4stockz • 45 seconds ago Flag
$GTAT atty Luc Despins says settlement with Apple should make second-day motions easier.
garp4stockz • 1 minute 45 seconds ago
$GTAT atty James Grogan says it intends to reorganize — not wind down — NON-sapphire businesses as basis for Ch. 11 plan
garp4stockz • 2 minutes 34 seconds ago
Minor redactions on forthcoming $GTAT docs, atty says. Complete turnaround from last week. Creditors comm. to review deal
garp4stockz • 3 minutes 17 seconds ago
Michael Stamer from Akin Gump, repping bondholders, says $GTAT should tell stakeholders what the deal is
garp4stockz • 3 minutes 45 seconds ago
$GTAT will give Apple some proceeds from sale of sapphire furnaces, but won't say how much. Deal also has mutual release
garp4stockz • 5 minutes ago
no matter how it flushes out, it appears $GTAT has just shed over $400 million dollars worth of debt
garp4stockz • 7 minutes ago
Apple only gets money from Furnaces, NOTHING else. If GTATQ can't sell the furnaces then Apple gets nothing.
garp4stockz • 9 minutes ago
GTATQ is actually losing $1.5 million a day. Judge is approving wind down to maximize value for creditors.
garp4stockz • 10 minutes ago
GT pushing back - there is no reason to keep the plant open
garp4stockz • 11 minutes ago
Sealed motion to wind down - State of NH does not want to approve wind down without more info.
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