He lied to investors, straight to jail. How is he not fired and looking for a jar of Vaseline yet?
Absolutely. They lied. They needed to delay ER. Sure it would have dropped on the news, but people would have made a better investing choices at that point. Not being taken to the shed.. I for one filed a complaint with the SEC.. Glad they heard us..
And me TOO!!
I don't care what happened so long as we get something back in the class action, if apple want to buy silence, I have a price in mind..
or use NDA to LIE to investors.. they neededto delay the ER if they could not go there and be honest.
file a complaint with the SEC. they need the fodder to use against GT execs.. with out it they wont do much.. these guys knew way before they were telling anyone, ,we did not know till chap 11. that isn't legal.. they are setting the stage to drag in Apple $$$
Apple will get dragged into it with GTAT, lawyers go after anyone with money in these things. If a natural disaster is part of the blame they'd drag in Jesus if they could.. They can go chap 7 but will not be able to come out of it with a solar company. The CEO and his officers LIED and they will pay for that. Instead of coming to the Er and lying they really needed to just delay the ER. I for one would have taken at least 1/2 off the table on that alone, taking a loss probably but nothing like 95% !!!
No way this CEO can be allowed to keep the company after this, he has to go and should be tar, feathered and But-t ph-uckd
Really? A little dam late.. Apple spokes person says they are still looking at ways of using that facility and monitoring GTAT's large boules development. Guess they want to salvage what they can.. won't help us I think..
The one that REALLY got me holding on after the Apple launch, from the IR k-unt , "We look forward to the business update in a matter of weeks" The "looking forward to" is why I held after the iphone was a let down, but the watch wasn't. S othey looked forward to screwing their investors, real nice. They lied and my portfolio died!! Well on life support at least..
I read it to say they will pay off apple with the proceeds of those ovens, not matter what they get for them. apple says they will not go after them for 100% of the loan. GT will not pocket it unless they get over 430 million or so.. which they wont.
..this will be the first bankruptcy in American history that was kept a secret..
If the others are secrets too, how would you know if this is the first one held in secret?
Just kidding, I agree with you and can't think that the judge is going to allow it to be secret just cause Apple and GT kissed and parted ways. IT IS NOT THEIR DECISION. (emphasis, not yelling). This amounts to only one party coming to a settlement and in GT's favor I think, not an agreement with everyone effected. GT may agree not to petition for the NDA to go away anymore, but many people are very anxious to see it and IMO we will. The Judge cant screw everyone else in the room in favor of Apple.
they can change the name all they want, won't confuse where the lawyers can send the lawsuits to. They lied to us. They can't hide behind apple for that. I think Apple knows they are going to get dragged into the lawsuits as well if they lawyers are doing their job. If Apple threatened GT with a $50 million slap every time he told the truth when he knew it and not LIE to us, we would have probably made better decisions based on real risk. They may partly be held liable to some small degree, and for Apple small could be a hundred million or so for us to grab for..
agree, this LIAR needs to be fired. Booted, Stripped of shares, tar feathered and butt pku'd dry.
I think with mgmt saying things were good and in a month filing BK, they will not have a leg to stand on in court, plus it seems they knew it at the time, but still lied and was already talking to lawyers about BK. IMO we will get a fair share awarded to us, collecting will be the real challenge but I had a neighbor get near 40 cents to the dollar with less of a case and got paid. I would be happy with that at this point, I also lost nearly 50k.. I expect nothing though as a starting point..
Yes but the #$%$- heads could have had a little more of a public stare down with Apple first so we could decide to clear out of the way or side with GTAT and hold on to the stock. They did not have to say there were having a business update soon, they could have said they were going to be making an important decision soon. ANY HINT AT TROUBLE most of us most likely would have taken our profits or small loses and leave. They dropped a BOMB on us, they can't hide behind a NDA for that.. They screwed up and I am signing up with any lawyer that goes to sue them.
TG sold the day before on a panned sale, hopefully at some point they clear up whether in February he could have known apples date or near it and set those sales then.. go straight to jail.. if Martha Stewart could go to jail, he and his COO should..
I can't believe Apple iether. I don't like their products but respect their success, however they had to know they were putting the company in a bind regarding whatever happened. I hope the judge has the DECENCY to tell apple to pack sand with their NDA at this point. NOTHING in it can apply anymore and the shareholders and creditors have g@d d@m rights too!! IMO we should come first before any NDA. So why AFTER the fact should a NDA hold up.. If I read it right, the judge wants an un-redacted version and will release it to any party that files for a copy of it. I am sure (hope) some one will and leak it..
Deceptive, lies and plain stupid. How the hell did he EVER see 600-800 million just over a month ago?? Na, he was blowing smoke up our arses and they will have to pay for that.. I want my 10 cents to the dollar right now. Dam lawyers will make out better than all of us. this better be a text book case of malfeasance..