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Posts by ash471

Bageljoey never said it was a scam.  He's saying Apple may have decided sapphire wasn't going to work on iPhones and used the terms of the contract to get out of it and let GTAT take the fall. That's not a scam.  Its a business decision. Circumstances changed and Apple took advantage of its contract position. If you know anything about contract law, you would see this is the most likely scenario.  I find it very unlikely that Tim Cook was "naive" about GTAT or that GTAT...
Bingo.  A good contract is one that you can get out of.  It is so obvious that Apple fucked GTAT and its creditors.  It just blows my mind that everyone is crying a river for Apple.  What we don't know is how much GTAT deserved it.  That's hard to say.  Apple has always played hardball with its suppliers.  My guess is GTAT screwed up enough that Apple figured it could "get away with putting them in bankruptcy."  Apple knows that putting a supplier into bankruptcy has the...
  Apple is not turning the other cheek.  They forced a supplier into bankruptcy.  Apple is in total control here.  They own the factory in Arizona.  Who do you think is going to be buying 2,000 furnaces at $.10 on the dollar? My guess is those 2,000 furnaces aren't going anywhere.  The entity that buys them will be producing sapphire for Apple under even more favorable terms for Apple.  All I can say is Apple is awesome. They get to set whatever terms they want in their...
It just bothers me that people are assuming this guy is a crook based on facts that suggest otherwise. Selling stock using the SEC rules does not make someone a crook.  I have a lot of experience with license agreements (drafting them and negotiating them).  And yes, performance clauses, securing loans with the equipment, etc. are VERY common terms and expected in a license agreement. There isn't really any way to know Apple's intentions.  They may have intended for the...
  The stock was scheduled for sale six months prior and in accordance with SEC rules for corporate insiders. Ya'll are wasting your time filing a complaint with the SEC.
The contract is sealed by the court so we aren't going to find out.  However, given how well Apple negotiated its contract, I would guess that Apple's loans have been secured by the equipment.  Normally a creditor would get $0.10 on the dollar for the equipment.  If the equipment is liquidated and the factory shut down, Apple might recover like $50 million.   However, what if Apple takes possession of the equipment and hires someone else to run the factory for them? Apple...
Just because a deal goes bad doesn't mean that someone screwed up, or lied, or withheld information, or violated SEC laws.  Sometimes a business deal doesn't work out because it just doesn't work out.  That's why all contracts have a termination clause.  What is clear about this contract is that the termination clause is highly favorable to Apple and termination put GTAT in bankruptcy.  They bet the company and failed.  Shit happens.  
BTW, go back and read post #134.  Is anyone going to challenge my analysis? 
Did you read my post? I said, the most obvious answer is that Apple moved the sapphire screens back a year.  Who gives a shit how many iPhones shipped in September.  Obviously GTAT knew it wasn't supplying screens for iPhone 6. That doesn't mean his contract was terminated.  You must not know anything about manufacturing, contract law, or common sense.  The CEO may be an idiot and/or a crook, but there is no reason to assume this from a rosy outlook in August followed by...
If we want to really speculate, maybe Apple is planning for sapphire displays next year (iPhone 6s) and they think GTAT is a shitty supplier and a liability to their supply channel.  However, GTAT probably has a good patent portfolio.  So Apple sets up the contract with very stringent performance parameters, knowing they aren't likely to perform.  Most supply agreements have clauses that let the customer have the product manufactured on their behalf by another supplier if...
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