Top Solarwert - hat die Keiner auf der Rechnung?
Tut mir leid für alle Investierten, aber das haben wir alle schon mal erlebt...denke ich.
Those wondering why Apple's favorite sapphire glass maker shockingly went from a market cap of $1.5 billion to $0 (net of 45% of the market cap being short, trying to cover and pushing the stock price briefly just above $0.00) in the span of milliseconds, such as "smart money" investors Fidelity, Blackrock and Wellington which collectively owned almost 30% of the company...
... will not get an answer for a while, and certainly not from its public filings, all of which provided a picture of a company that was apparently in good health and worth well over $1 billion, thus making one wonder how much 10(b)-5 fraud there is in this bankruptcy.
One certainly won't get it from Stifel's Sven Eenmaa or Cowen's Jeffrey Osborne, both of whom had the stock at a "Buy" as recently as Friday with a $20 and $18 price target.
.....
In fact, the only piece of information that provides some clarity on what happened leading to the stunning Chapter 11 filing out of the blue, is the following brief blurb in the first day motions:
EVENTS LEADING TO CHAPTER 11
GTAT is facing a severe liquidity crisis due to circumstances that will be more fully described at the hearing on the First Day Pleadings.
Why not explain now? Did "key customer" Apple have something to do with the gag order?
Because as anyone who lost 90% of their equity in seconds earlier today (after listening to others such as Cramer extoll the virtues of the next Bear Steanrs) found out, yes: the company does indeed have a severe liquidity crisis.
In any case, while there is not much there, the full declaration in support of first-day motions is presented below:..... 131 Seiten des Dokumentes
We'll spare you the full list of creditors, all 459 pages of them. Suffice to say that Apple is among them.
http://www.zerohedge.com/news/2014-10-06/...y-severe-liquidity-crisis
Meine Meinung:
Nach der Restrukturierung werden die aktuellen Aktienbesitzer nichts mehr haben... die Aktien sind wertlos und werden sehr wahrscheinlich ausgebucht. Ein Zock ist hier immer drin, doch wer hier auf den großen Rebound zurück auf 10 Euro hofft der liegt sicherlich falsch.
Summary
Apple’s chosen sapphire display cover supplier, GT Advanced Technologies, filed for Chapter 11 bankruptcy on October 6th.
In their announcement, GT Advanced Technologies stated its intention to seek debtor in possession financing.
Apple’s best interests will likely be served if it provides the debtor in possession financing GTAT seeks.
Apple will likely end up owning all of GTAT’s physical and intellectual property related to Sapphire production, and will have acquired it at a bargain cost.
........
http://seekingalpha.com/article/...quisition-gt-advanced-technologies
wäre für mich ein Zeichen auszusteigen,denn die Umsätze sind rasant mit über 300 Millionen 309,032,916 gestern
Legal recourse
Even with whatever legal recourse available, any cash raised from selling assets will only cover current liabilities and legal fees related to the bankruptcy filing. GT had $132.6 million in inventory, $611.46 million worth of property, plant and equipment, and $196.6 million in other assets as at June 28 2014. Liabilities included $173.1 million in deferred revenue and a prepayment obligation of $306.7 million.
The first lesson investors should draw from this bankruptcy is recognizing that before believing the high target prices, the financial balance sheet should be checked. Assets as a percentage of liabilities fell steadily since June 2013...
GT likely missed key milestones, and was unable to meet the volume requirements for the iPhone 6. Apple had to switch to plan B earlier this summer. That is: using Corning's (NYSE:GLW) gorilla glass and sapphire for the iWatch. Management did not disclose this information, which is material. Instead, CEO Gutierrez sold 9,332 shares at an average price of $17.38, netting $160,448. His sales volume was actually higher at the start of 2014:s.list
Stating the obvious: avoid
The market may very well stir rumors of Apple or Corning buying GT's assets. Both firms will likely allow the bankruptcy process to take place. This will mean that buyers might purchase the assets at the lowest possible value. Investors who were lucky not to hold shares should continue avoiding this company.
http://seekingalpha.com/article/...ced-technologies-bankruptcy-filing
der zwar nicht Ehrenhaft ist (90 %-Profit)...eine rettende Übernahmeaktion starten könnte,
nach dem Motto, wir haben uns doch geeinigt und I P 6 oder andere Produkte werden mit euch
gebaut....oder die Konkurrenz (Samsung, etc)....grallt sich den GLAS-LADEN... :-) ?!
....The elephant in the room regarding the company is their sapphire agreement with Apple which provided them with an interest-free loan so long as they met certain performance metrics.
If we look at what GTAT did tell us on Monday, we can reasonably conclude that based upon their quickly depleting cash on hand, Apple has pulled its credit line. ....
http://seekingalpha.com/article/...etween-the-lines-on-its-bankruptcy
die werden jetzt die Fabrik in Mesa übernehmen und GTAT hat gar nichts davon