GT Advanced Technologies Inc fka GTAT

[MattySR]

How so? This is better for lower class claimholders (Gen. Unsecured, shareholders) then not selling any ASFs in the short term.

We already knew that ASF's were not going to sell mid summer. There just is no market for Sapphire furnaces at this time.

GTAT is in fact actually trying to get as much value back to its creditors before a POR.

I'm not convinced in anyway this will bring back value to the Shareholders. I could however see this allowing GTAT to negotiate amongst creditors and creditors to negotiate amongst themselves.

Something like trade payables paid back in full in cash, and bondholders take control of the company, as opposed to splitting everything up equally.

This is of course just one example of how this could play out.