The iPhones were already in production on August 26th*, so GTAT's CEO obviously knew well before then that sapphire wasn't going to be used for the screen. The simplest explanation overwhelmingly is that the CEO is a crook. *on the weekend of September 19th, Apple physically distributed 10 million iPhones.
If anyone wants to file a complaint with the SEC about the GT CEO's misleading (lying) financial statements and the stock selling by top executives just before the bankruptcy, here's the place:
You don't have to be a shareholder or have suffered a direct financial loss.
Yes, I am. "Citing sources familiar with Apple's corporate structure..." Who exactly would that be? To name the person, using only an anonymous source is really chicken-shit. They don't even claim that the source is someone who currently works at Apple. You bet your booty I don't trust the story.