GT Advanced Technologies Inc fka GTAT

[XenaLives]

Hmm, so if the company sells a few hundred furnaces and builds a U.S. factory for Merlin in partnership with Waaree that might change I guess....

And, notice they wrote "based on the Debtor's current financial position..." That is a very important phrase. At the moment that was written, GT had less cash on hand than bills in the file, could not sell upgraded ASF's in Asia and no approved loan to help them in their business ongoing. Yes, in that financial position shareholders are screwed!