Replies to post #22729 on GT Advanced Technologies Inc fka GTAT

[cents2ks]

That is right for the NH courtroom, today's hearing was in MA, i believe. ...not sure which courthouse to call...

On the MA website i posted i thought this was interesting:

SEC. 341 MEETING OF CREDITORS:

Contact the Office of the U.S. Trustee for information as to how to obtain a copy of a tape recording of a particular meeting. Generally these tapes are retained for a two year period.

LOL, wonder what the chances of obtaining that are...0%...imo...

[Netsurfer]

Here is the Confluence GTAT press release. My guess is that the $20 MM cash earn outs may have been in the form of options payable upon hitting certain milestones.There may also have been some options given to key employees to stay on for some period. This would have let GTAT spread out the need for cash. That whole acquisition did not go to plan. Over and above the $60MM up front there was another $30MM +/- spent to setup a facility in St. Louis.........cooling towers and cooling loop, power for the equipment, back up power and 20 or so crystal pullers with continuous feed hoppers.
The operation was mothballed after 14 or so months due to market conditions ....per GT's PR below.

http://investor.gtat.com/releasedetail.cfm?ReleaseID=729616

http://www.renewableenergyworld.com/rea/news/article/2011/08/gt-bought-confluence-solar-to-offer-novel-silicon-wafer-tech

http://www.solarnews.es/2013/01/14/gtat-shuts-its-st-louis-solar-wafer-furnace-plant/