GT Advanced Technologies Inc fka GTAT

[MattySR]

Past ASF sales circa 2011.

Here is a claim by some chinese firm who entered a sales contract with GTAT back in 2011 to purchase 400 ASF's.

https://www.kccllc.net/gtat/document/1411916141208000000000022

Page 3 shows that the firm payed 20% of the full purchase price for the 400 ASF's at about 43,000,000. What confuses me is the wording of it though. is the 43,000,000 the full purchase price? or 20% of the full purchase price? IDK, ill show both scenarios. You guys take it as you may. Lets do math.

If 43,000,000 is 20% of the purchase price (X), this would mean the full purchase price is about 215,000,000 for 400 ASF's. So, 215M/400 = Cost Per ASF

$537,500 Per ASF.

If 43,000,000 IS the full purchase price, they put 20% down, which is 8,600,000 down payment. So 43M/400 = Cost Per ASF

$107,500 Per ASF

According to Kevin Starke of CRT Capital, ASF's will not go for 500k and that is GTAT's "Dream Price." But that 200k is more realistic. HMM.

IDK how important this is since it was 4 years ago, and if its relevant at all now, but nonetheless i thought i would share.