GT Advanced Technologies Inc fka GTAT

[TheBunny]

When Ad Hoc attorney(s) were shown the DIP financing sealed plans for POR, knowing that this $95 million loan was less than they could have received, that all value of GTAT was conservatively appraised, furnace sales, deals in the works such as 'warree', and others, the Lender felt confident that GTAT would come out and repay that loan.

So why could the Ad Hoc attorney not use the companies OWN assessment on valuation for argument for equity ? Clearly the Lender was not concerned of that GTAT would not honor their loan terms, and it wouldn't seem possible that that it would take four years before they stated making a profit.

Something stinks here big time, and that's JMO.


-bunny-