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Re: UpTickMeA$AP post# 15562

Friday, 12/05/2014 9:30:51 AM

Friday, December 05, 2014 9:30:51 AM

Post# of 41703
Sorry Tick, wrong... again. GT had $85M in the bank and NO delinquencies at time of filing. GT filed to get out of AAPL contract which would otherwise lead to serious liquidity issues. Again, this is ch11 restructuring, not ch 7 liquidation. But you knew that, right?

Bankruptcy is for liquidity problems... Why does everyone think it's only to get out of a contract? They couldn't pay the bills...


What in your DD makes you think GT owed AAPL money? It’s AAPL that withheld final $139M payment from GT, not the other way around.

They didn't have the money to pay Apple and all its other creditors. NOT ENOUGH MONEY.
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