Replies to post #8567 on GT Advanced Technologies Inc fka GTAT

[KOaeea]

“We realize that our filing for Chapter 11 protection has caused uncertainty and hardship for many of our important stakeholders,” added Gutierrez.

According to him, they are working diligently to develop a restructuring plan to emerge from chapter 11 bankruptcy as soon as possible, and to position GT Advanced Technologies with operating flexibility and resources for long-term success.

$7 tomorrow in anticipation of bk emerge? ??


http://www.valuewalk.com/2014/10/gt-advanced-technologies-inc-stock-jumps-after-apple-inc-deal/

[Beereday]

Yes, that makes sense to me...thanks.
I was answering a poster's question earlier today.

[PinkBu]

The Plan of Reorganization is not due Nov.25/30. That's the second meeting to discuss the plan, then it has to be written, then it has to be voted on by all parties, then it has to be approved. This is a loooonnnng process. When they say "fast" exit from Chapter 11 they probably mean 6-8 months as opposed to 18 months.

Also, Nov. 25/30 is a long time away... anything can happen! Buyout?! Didn't that China company want to acquire GTAT? ;}~

In short... we are still up in the air until we know what's in the plan.