Apple only gets part of the PROFIT from MESA FURNACES. GTAT recoups its cost and some profit which goes in the bank along with the $93 million it had when last financials were posted.
That was actually a reasonable expression...I'm a little stunned.
I may tend to disagree with you on one issue, and this could be debated:
Sorry, but Furnace Sales "Monies" are now property of Apple until further notice.
The monies(in and of itself) from the furnaces don't belong to Apple. GT is only required to pay Apple back according to the schedule set forth in the agreement, if GT decides to sell the furnaces for the sole purpose of paying Apple back. No where does it say that GT must sell the furnaces to pay Apple. It only seems reasonable that this is the way to do it, but it is not the only way.
According to the settlement agreement, GT is required to pay Apple back the full amount over a period of time. There is also a "pay off early" clause.
What if....someone stepped in and offered GT the $391Mil to pay Apple off early? The liens against the furnaces are only to ensure Apple gets a cut of the sale. In any other lien situation, it doesn't matter where the money comes from, as long as the debt is paid.
This scenario would satisfy the debt to Apple, allow GT to sell the furnaces to whoever they choose, for whatever price they may be able to get in the open market.
I am not saying this is the scenario of course, merely pointing out that your statement of Apple claiming "property" to furnace monies isn't the only solution.
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