Replies to post #10766 on GT Advanced Technologies Inc fka GTAT

[todd72113]

Gtatq is basically using the bk court as a shield against aapl to get a new less stringent contract or held harmless with the current. Their finances are not at stake as they have assets and a proprietary process for developing sapphire crystals. Thanks for the post very informative.

[XenaLives]

EGLE-GTAT totally different- charts show it.

EGLE bankruptcy was not unexpected it had been slipping prior. Only 10% or less institutional owned.



GTAT 80% insty owned, and the bankruptcy was a shock. It was a strategic maneuver to get Apple to renegotiate an abusive bad faith contract.

[PinkBu]

Not true! There's always warning... the plan will state, "common shares will be cancelled", "no recovery for commons", or hopefully will say "shareholders will receive % of company upon exit", shareholder will recover".

GTAT's Plan of Reorganization has not been written yet!!! And if the plan states that commons will cancel, we will know the exact date the plan will take effect. But you are getting way ahead of yourself. First the plan has to be planned (in November), written, voted on, objected to, and finally approved by the Judge.

We don't know yet, YOU don't know yet, and no one will know except the Judge on the very last scheduled hearing when he approves the plan. If the plan with commons getting canceled is approved, just sell before they up list to NASDAQ; otherwise yes shares zero out. But that is worst case scenario and a long time away, meanwhile this whole time you have missed out on multiple runs to $2.00+.

If you are too scared, why don't you watch and learn. Then you can participate in the next Q stock.... ;}~