I have a small position in GTAT and I would not even buy this at 10 cents.
That might be bad advice. More details are needed but often companies come out of Chapter 11 fairly strong. It is a gamble but with such gambles the payoff can be rather large.
That might be bad advice. More details are needed but often companies come out of Chapter 11 fairly strong. It is a gamble but with such gambles the payoff can be rather large.
Yup. As always, don't invest money you can't afford to lose.
I was going to say, I thought when a company goes into bankruptcy, the shares are dissolved. Maybe I don't understand stocks as well as I thought I did.
That might be bad advice. More details are needed but often companies come out of Chapter 11 fairly strong. It is a gamble but with such gambles the payoff can be rather large.
A bit surprised if Apple would not have been aware of their precarious financial situation when they agreed to an upfront payment. Perhaps the great deal was worth the risk, but this might explain in part the delay in releasing the Apple Watch as well as some of Kuo's comments a few months back about possible Apple product changes/delays due to limited sapphire supply.
That might be bad advice. More details are needed but often companies come out of Chapter 11 fairly strong. It is a gamble but with such gambles the payoff can be rather large.
Exactly, I have my fingers crossed. That said I will hold but not buy more, i got burned by GM that way.
Sometimes the comments are just so ridiculous, all I can do is shake my head. And I don't mean ridiculous like on some other tech sites where the Apple lovers and haters attack each other on a erosional level. Most of the remarks above mine, but not all of them, reflect just about zero knowledge of business, bankruptcy law, Apple's deal with GT any roll they have in that business. There is a lot of ungrounded, baseless speculation to go along with a lack of knowledge. What the heck, that never stopped most of you from loading on and then lauding each other's remarks.
I was going to say, I thought when a company goes into bankruptcy, the shares are dissolved. Maybe I don't understand stocks as well as I thought I did.
Let me get this right - GTAT is in financial trouble because of wall street speculation that GTAT will provide sapphire display for iPhones even though it is not economically or physically practical? Do you honestly think Apple wants the iPhone to get heavier and lose a large profit margin as a result of higher cost of sapphire?
Sapphire is for watches and lens - it is not well optimized for mobile displays. Never have.
What the h...! A cash infusion of over half a billion from a successful tech firm less than a year ago and now filing for bankruptcy! Did Apple know what they were getting into when they invested in this company? Really...
Chapter 7 is the really bad one. It is liquidation of all assets.
Chapter 11 is just re-organization but only if the creditors agree. If any creditor does not accept the BoD's plans, they can be forced by bankruptcy court to liquidate like Chapter 7.
Comments
That might be bad advice. More details are needed but often companies come out of Chapter 11 fairly strong. It is a gamble but with such gambles the payoff can be rather large.
It's now under 1 at 0,80. What happens if it hits 0?
That might be bad advice. More details are needed but often companies come out of Chapter 11 fairly strong. It is a gamble but with such gambles the payoff can be rather large.
Yup. As always, don't invest money you can't afford to lose.
I'd not buy a stock going through bankruptcy. The shares may be declared worthless.
I was going to say, I thought when a company goes into bankruptcy, the shares are dissolved. Maybe I don't understand stocks as well as I thought I did.
Avoid, IMO.
Exactly, I have my fingers crossed. That said I will hold but not buy more, i got burned by GM that way.
There will be loud sucking sound ...
That's 7 not 11.
Let me get this right - GTAT is in financial trouble because of wall street speculation that GTAT will provide sapphire display for iPhones even though it is not economically or physically practical? Do you honestly think Apple wants the iPhone to get heavier and lose a large profit margin as a result of higher cost of sapphire?
Sapphire is for watches and lens - it is not well optimized for mobile displays. Never have.
Tom Gutierrez, president and CEO of GT A.T. Inc. has just released the following statement:
That's what I told my friends when I told them I couldn't pay back the $2,000,000 that I owed them.
"Bros, just because I'm broke and filed for bankruptcy doesn't mean I'm out of cash."
Obviously this means Apple is doomed. The NYT and The Register will confirm this shortly.
http://iphone.appleinsider.com/articles/14/09/04/apple-invents-method-of-hardening-sapphire-screens-to-reduce-cracking-
Didn't know that ... OK now I am worried ...
Chapter 7 is the really bad one. It is liquidation of all assets.
Chapter 11 is just re-organization but only if the creditors agree. If any creditor does not accept the BoD's plans, they can be forced by bankruptcy court to liquidate like Chapter 7.