Dave, glad you showed up. How is that BLIAF "merger" coming along? Is GOLD just around the corner? Remember all of those hidden assets you claimed were residing there?
Jerry, do you ever stop and look at what you are about to post and ask yourself "Should I post this? I think it might make me look foolish."?
No, it is called responding to market realities. I suggest you read the story of the iPhone development and how Jobs demanded that glass replace the originally planned plastic face when they were already in the per-production phase. I guess if you were in charge you would have just gone ahead and shipped an inferior product, just so no ones feelings would get hurt. IDIOT!
If they're going to sell off the furnaces to pay back Apple then I don't see how that is going to happen. Even if this plant stays open it will likely be the last one Apple funds for a long while. I wish it were not the case, but something is seriously wrong with manufacturing in this country. Part of the problem is with public companies. If GTAT was private this debacle likely would not have happen. Executives at public companies are under too much pressure to make sure the bottom line is the only line that matters.
Forget the cries of over-regulation and over paid workforce. No, GTAT is a shining example of why Steve Jobs did not like working with US suppliers. While Apple moves in terms of days and weeks, companies like GTAT want year in advance plans with no changes. When things when south then an army of whiny shareholders and their lawyers show up with their hands out, wanting paid for basically being part of the problem in the first place. So go ahead, file more lawsuits. Drive that final nail in to the coffin of US industry. The rest of the world moves on.
Someone needs to go back to law school...
Jerry, just stop. You really don't understand how codecs are license, do you? Here is a hint. The codec is licensed from the owner of the codec. The MPEG 2 codecs that Blockbuster was using were not owned by Blockbuster, nor are that limited to or exclusive to Blockbuster. If Dish wants to switch to H.264 the don't need to go to BLIAQ to get a license. They obtain a license from the owner of the h.264 patent or rights holder, if one is needed at all. Some encoding methods are free, others are patented. But keep posting buddy, keep showing off that stunning level of ignorance. I've worked in the tech industry for 25 years, I have a half dozen patents to my name. You're a real estate agent.
Jerry, you have really shown that you are the one sharp TOOL. Why don't you enlighten us all again on how Chapter 7 bankruptcy really doesn't mean the company is being dissolved, how BLIAQ still has business operations, and the best of all, how switching CODECs will require new licensing from BLIAQ. Yes Jerry, you sure are an expert. No wonder your investment in BLIAQ has turned out so well.
If you ask anyone under 30 about "Blockbuster" they probably would look at you with a confused look on their face. Blockbuster is in the dustbin of history, along with TWA, Woolworth, and Bethlehem steel. It is not coming back. Even if it did, it still have nothing to do with BLIAQ. Despite the ranting of the local village idiot, Dish OWNS the Blockbuster name. No, there isn't a different Blockbuster name floating out there that BLIAQ still owns. Read up on US trademark law and then revisit the 363 sale agreement.
Jerry, why are you hitting that "report " button every time I ask you why you never sold to offset the other gains you must surely have? Is that "abuse" to ask such a logical and common investing question? What are you trying to hide Jerry? After all, your whole BLIAQ recap strategy relies on the precious NOLs, yet you can't seem to follow that advice in your own life. Good investors do not fear a loss, as it nothing more than a tax savings for all of the gains they have.
You're naive if you believe that $500k. No, it is not perjury, but it likely a WAG, or wishful thinking. Companies always tend overestimate on their asset values, that is just nature. Right now they still need to even find a buyer, let alone worry about price per furnace.
Proving my point once again Jerry. Keep posting.
In the land of Stupid BB Liquidation still secretly owns the rights to Blockbuster and all future inventions. When you have an IQ somewhere well south of 80 all things are possible. The law, logic, and reality have no meaning. You can simply believe whatever you want and it will be true. Now the pesky part comes when you actually want to sell your horrible investment. While making up ridiculous claims on a message board may make some individuals feel better about their epically poor investment, the rest of the world does not play along. Despite wishing it to be so, no one is coming to pay them handsomely for their worthless stock. Soon the case will end and their shares will be cancelled and their lives will become even more pathetic than they are now.
You don't understand bankruptcy, do you? Odds are the company will continue forward, just not with existing shareholders riding along. Lee's claim is misleading. Only about 5% of companies exit chapter 11 with equity for existing share holders. It is the rare exception, not the norm.