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Originally Posted by lamboguy
pushed out this stock in December of 2013, friday GT Advanced Technologies close at $11.05 per share, today they declared bankruptcy and stock is now trading at $.98 per share.
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In the article: GT said the bankruptcy filing " does not mean we are going out of business; rather, it provides us with the opportunity to continue to execute our business plan on a stronger footing, maintain operations of our diversified business, and improve our balance sheet."
Lambo, if Apple called its $578 million loan due, thus inducing the bankruptcy, what do you think of the above company response and is there a possible play here?