Replies to post #22502 on GT Advanced Technologies Inc fka GTAT

[MattySR]

Management will not care about a common wipe out. They already sold out back in September major holdings.

They won't care even more if their KEIP is passed.

But the courts will decide if commons are knocked out.

[samplescave]

Assets outweigh Liabilities??? (yuc-yuc) Really???

If and only if GTAT"Q" is able to sell their Furnaces, the
Lions Share goes to Apple!

There has been link after link and post after post which proves
that GTAT"Q" has this "Heater" they have sold, are selling AND
attempted to use for the Apple Project which have all failed miserably.

What Assets????

GTAT"Q" is either giving back Refunds from legit Companies who
bought their Crap -AND/OR- being sued for a prompt Refund!!!

GTAT"Q" has proven one thing over the last year or so.

They can't bring this Furnace to Market.

So..........

What to do?

Yes. They could cancel the Common Shares.

Does this hurt the Actual Company? No

Will it strengthen the Company? Yes

The GTAT"Q" Commons will just have to accept the
Fact that they will be the Owners of a Tax Write Off.

Nothing more.

No Biggie~

[Netsurfer]

Hilco was hired under Docket 485 I think ...to determine a liquidation value for GTAT. This was supposed to be an attempt to come up with a loan value that could be collaterized by the asset value. Not sure this was ever completed and or made public.
I have to believe that if that number is used liabilities will be a lot greater than assets.