EPTI'm going to share some of my story working out what it is I'm doing with this company called GT Advanced Technologies (GTAT for short) that Apple, Inc shafted earlier this year by withholding a payment when they knew it'd cause crisis.
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These guys at GTAT, I mean the staff, employees, engineers, managers, factory hands, executive team, this company its intellectual property developmen etc etc. The company has been in business for several decades. They provide manufacturing equipment to the LED industry. GTAT is the king of the CRYSTAL GROWTH WORLD. Which is obviously very exciting future-tech stuff. Their main customers are manufacturers of LED firms, and Solar photovoltaics.
So I noted this company went into a chapter 11 restructuring bankruptcy filed on Oct 6th. I noticed the company in the third week of August after their share price had plummetted from the $20's to the $11 range in September to $.50 price per share when I found them in October. since then, the price per share has gone from 50c to 90c to 22c and has now rocketed back to 48c. That's a volatile price.
Obviously I am doing research about GTAT this whole time. I discover that more than 33% of all solar and LED manufacturers use GTAT-brand furnaces. Infact, their historic market position is over 50%. They accomplished this as an American Company in the high-theft and price-competition of the Chinese market, even. And the company has 4 major products representing significant (even revolutionary) advantages to the Marketplace for Crystal Growth. For example, only GTAT has the high-capacity furnaces and the high-powered fabrication devices that literally ENABLE the possibility of affordable Sapphire display screens (and cases) for your Mobile Device which have Solar-Energy-Absorption-AKA-Solar-Powered-Battery-Recharging-Capability. So this is a big technological leap that GTAT is currently introducing into major marketplaces.
All of this was very apparent by the 2nd week of my research and by now we're in November. I write a letter to the Bankruptcy Court in New Hampshire that is overseeing the case, because there's so much urgency that I have to get the word out. You see, Apple, Inc was basically trying to swipe the entire Crystal Growth division (sapphire crystal, mostly) during the exiting of the deleterious Apple Supplier Contract. Its all published in the docket. Here's a link to the letter I wrote. It is quite interesting because my concerns were addressed, if indirectly, in the ultimate settlement which transpired between Apple and GTAT on 12/16/2014 and caused the stock price to go from 22cent to 58cents.
https://www.kccllc.net/gtat/document/1411916141120000000000003
so we're trucking along through November when I dispatched that letter, and I'm like, "So what's the real threat? What's the problem that investors are not valuing this Company's wide-range of industry dominating business units appropriately?"
Well, the threat is that when a company is in Chapter 11 Bankruptcy (restructuring), the Bond Holders get an advantageous position under the law. A chapter 11 is a great time for rich corporate thieves to loot the public shareholders' investment capital, because the stock price looks bad. First thing that happens is that individual retail investors who are down 95% of their investment sell-off-their-shares at 50 cents or less a piece when the company is worth $5+ per share.
The second part is that, since Creditors have advantage under Chapter 11 restructuring laws, there is always a "Creditors Committee" as Party To The Chp 11 Case in New Hampshire. The OWNERS, that is, the public shareholders (or "Equity Security Holders" in Law-speak) DO NOT automatically get a Voice aka No Party To The Chp 11 Case.
u Dig?
That means the Creditors have a great opportunity to make the business "look bad and defunct" infront of the Judge. Then, when the Bankruptcy is coming to an end the Creditors and Company Management submit a plan that ELIMINATES equity and grants 100% ownership to the Creditors (bond holders).
That's the big threat here, that the Judge over the case gets Swindled by the Creditors and Approves of a settlement. That's how come Equity Holders such as myself lose all o f their money in these types of wallstreet scams.
But most of the time, there's no voice of Equity that even makes a serious ATTEMPT to get representation. WHY? Because MOST PEOPLE ARE TOO BUSY< TOO IDIOTIC< OR TOO FULL OF DICKS IN THEIR MOUTHS to take the time to learn about their Powers and Rights. So what's the deal with ME?
I'm here to assist and bring UP this energy level of these dick-mouths who think that the Financial Markets are anything but a reflection of Human Labors.
Now, we're in December, right? So I'm still active in this case. @RichardGamingo and I'm tweeting my ass off about my research. People start noticing me -- other investors, mostly -- and we form a Plot.
We're going to get ourselves a VOICE! And if we fail, we will definitely have done our best attempt. What's that mean? Get a voice? How?
In order to create a party to this case for Public Shareholders, the Judge has to Order the Appointment of an Equity Committee. There's of course no reason for him to do this unless he is asked, correct? So this grassroots group of equity holders has all been contributing research and stuff. I'm just sucking it all up. Now I turn around and decide to write the OFFICIAL "Motion to Form an Equity Committee" and damn!
The first copy I wrote, I sent out without a signature.. !!! It returned to me in the mail a few days later. Fuck. $20 overnight delivery just to get it thrown in my face on a technicality! And precious time was wasting.
But it turned out to be a blessing. I received that 1st Motion to Form an Equity Committee back and I read it again and I said, "ah, thats cra-p!"
I wrote again. I rewrote. I ended up with a 45 page long thesis (plus some exhibits for another 12 pages) that formed the Motion to Form an Equity Committee. I sent it out from Fedex for $48 bucks overnight (rip off.. USPS is $24 overnight & it gets there before noon instead of before 3pm!).
I celebrated last night with some wine and baked penne.
Now its time to get into the next stage of operations. I have so much power that I need to outsource my plans. I need a web developer, a mobile app developer, a personal reporter, a personal assistant, and so much more, but I'm on my own work with grassroots. Just folks contributing their pieces. That's a lot better than no activity.
Now I'll say a brief prayer for a GTAT Equity Committee to be formed. I may end up in New
Hampshire for a number of months in order to attend Court, given that we have a Committee.
Best Regards,
RG
