GT Advanced Technologies Inc fka GTAT

[UpTickMeA$AP]

Another article.. Looks like GTATQ better cough up Apple's money, or they will just take the furnaces.. Note the picture in this article, as it spells out GTATQ's failure.


The furnaces were collateral for the the millions Apple fronted, and the company leased the factory to GTAT. All of that is now fair game for Apple.


Apple may be hard pressed to get enough sapphire for its smartwatch displays now that GTAT looks to be in a death spiral, which opens up new opportunities for the company to find other partners to either provide sapphire directly, or take over GTAT's operations.



http://www.macobserver.com/tmo/article/questionable-stock-sale-adds-to-gt-advanced-technologies-ceos-headache