- Can't get outside financing and if that continues "it will be extremely difficult to sustain operations"
- CEO owns over 40% of all outstanding shares, and it even states in the 10-K, "if a major shareholder would decide to liquidate its position, it would have a serious and adverse affect on the share price"
- The company estimates the current share price is valued at between 14 cents and 71 cents
- Borrowed over $1 million in 2014 from private creditors with interest rates as high as 45%
- Total revenue for all of 2014 was $771K (your local pizza shop probably does as much business)
- had $68K worth of inventory returned from #$%$ Sporting Goods because their Artic Armor line failed to sell
- Can't afford an accountant or any financial staff and the CEO stated that this is a "serious material waekness"
- CEO admits there are larger, very well-funded companies offering house wrap insulation and it will be very difficult for them to gain any market share due to the Company being "constantly underfunded".
- Entire company consists of 2 full-time and 2 part-time employees because they can't afford anyone else
- They use a single supplier / manufacturer in Indonesia which company admits will adversely affect the company's ability to fill orders if there is a delay, shutdown, or price increase
Sentiment: Strong Sell
Love to bump Margolis and Chelle's comments calling us shorts stupid every so often. This one from Chelle was great. Ah, memories.
Sentiment: Strong Sell
You're totally oblivious to common sense and financial facts. TG and his team just petitioned the judge to still get millions in bonus money right in the middle of ch 11 proceedings "to add incentive" to their cause. Huh? Plus he already dumped most, if not all, of his shares. You think he actually gives 2 #$%$ about re-emerging? The only reason he would try to is if it would benefit him personally.....as usual and it won't. Get your head out of the sand and look at the numbers. You might as well tell people to "buy all the powerball tickets you can". They're filing CH7 and the shares will be worthless by year's end. Write it down.
Sentiment: Strong Sell
ok, now it's 28 cents - still a gift. It's 28 cents/share more than it will be worth at the end of the year. Your "gift" will continue to lose 20% every 4-6 weeks until they file ch 7 and then your gift will be worth nothing.
Sentiment: Strong Sell
You're all out of your mind. Said it over a year ago and I'll say it again: This company is a loser and the guys running it are crooks. They owe over a half billion dollars and counting with no revs. Do the math. This will be chapter 7 by the end of 2015 and you should take the measly 36 cents as a gift. Let it go already.
.....and now we think we deserve our million-dollar bonuses because it is "necessary to motivate" us. TG is actually petitioning the judge and fighting for the $2.275 million in bonuses for the top execs. Gotta tell you, I've been investing a long time and I've never seen a set of balls this big before, especially on a huge piece of garbage like TG. Amazing.
It's "you're" as in "If you are this stupid....". How ironic you call someone stupid when you sound like you didn't make it out of 5th grade.
Sentiment: Strong Buy
Hi all, I check in every so often to see who's left and to see if any of the self-proclaimed "know-it-alls" ever show their faces (Margolis, chelle, cali, etc). This is what I posted almost exactly 1 year ago today in response to Matt Margolis calling me a "fool with my head up my #$%$". Used to call him the Pied Piper of GT because it was crazy how many people bought into this fraud, and he led them right into the sea.
Dec 8, 2013 by dr.tjm42
I was called a fool all last week when I shorted the stock and then called-out the self-proclaimed "know-it-alls" in here who said it would never close below $9.14. I'm not going to repeat myself over and over on why I think this company is a house of cards and in big, big trouble but...the deal granting exclusivity to Apple even for a few years is not only a bad deal but potentially a catastrophic one. They also lost $40million YTD and are legally required to start paying back a half billion dollar loan in 2015 which is virtually impossible. And being a company with a market cap of $1.2B, diluting their shares by almost half will handcuff the financials for 10 quarters. I could break-down each of those simplified points in an hour long rant but everyone here only wants to hear sweet-nothings about GTAT. I can tell you this though...unless Apple announces they're definitely using sapphire in a phone next year (which I highly doubt), you all better duck. Apple has zero obligation to use sapphire but made sure nobody else is allowed to either. If Apple loads up this facility and then pulls the plug, GT will have no revenues but still be required to pay them back, and there will be no more GT....period.
I told everyone here he's a fraud as far back as February. He took a guess and was epically wrong, then crawled under a rock and disappeared instead of facing the people he led right to the poor house. It's just sad so many people bought into his numbers-twisting garbage and his fake credentials and lost it all. Got a lot of blood on his hands for sure and he's the one that has to live with ruining a lot of people.
This volatility (and subsequent ridiculous options premiums) is a trader's dream. Somebody's getting cold feet and it's definitely not the traders.
With GT being so fragile and susceptible to volatility, there's no chance it trades flat on earnings/conference call day. Some nobody on some obscure website posts a rumor and the stock moves 8%. Don't want you to get blindsided Monday but there's going to be at least a 12-15% intraday swing so pick a side and hang on.
Great point... finally! If you're up 50%(ish) and don't want to take the tax hit by selling and buying back inside 30 days, I totally get it.
See? It doesn't take big words and 6 paragraphs from a big mouth to make a valid point.
C'mon Chelle. Use those stellar copy-n-paste skills and find us something to pump this up. Dig boy, dig. It's leaking and I need $1.15 for those Mar $12.50s. Maybe I should go to Cali or Mung. They carry much more weight in here. You're kinda like their ugly step-child. By the way, when was it again that you were going to stop responding to me?
Good, it's becoming more and more difficult trying to reason with complete stupidity. I'm a trader, not a short. Big difference and even if you're basis is $5, I've done in 3 months what it took you 2 years to do. I sold a ton of March $12.50s and $14s calls this week with more coming if you guys could possibly pump it again by tomorrow so at least when the stock does go down like you predict, 1 of us will be cheering the "buying opportunity" and the other will be car shopping.
You're correct, it is anybody's guess but if your "guess" is that it's going to go down like Chelle says, why would you then be stupid enough to hold it through earnings? Because you're already up big? And what, you think the investor Gods would like it if you donated a little bit of it back? Just stupid #$%$ mentality.....period.
Don't give me any credit. Means nothing coming from garbage like you anyway. Any why would I pay $600 to fly to #$%$ Utah to see a piece of sh+t when I can just look in the toilet for free? Same thing.