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Active: 1218 users

I was in Court! Whoa!!

Blogs > 2primenumbers
Post a Reply
2primenumbers
Profile Blog Joined February 2014
United States144 Posts
February 06 2015 11:59 GMT
#1
Tremendous news!



As many of you know, GT Advanced Technologies Employee CEO Tom Gutierrez has been found flat-out lying to shareholders about the condition of the GTAT Business only 4 weeks before selling more than $500,000 (five hundred thousand dollars) shares of stock to those very same investors he lied to about the strength of the Company’s bank accounts and performance.

On 2/5/15 a hearing took place. It lasted from 10AM to 4:30PM.. quite long. The subject matter was whether this same Employed CEO Tom G. should be further incentivized with hundreds of thousands of cash bonuses for his further employment with the Company.

Of course, as a share holder I am part owner of GTAT. And as a responsible owner of a Company, who doesn’t want a thief masquerading as a business person who is proved to be selling-out his own employers running the Company anymore, I arrived at the Courthouse on the day of the hearing.

I have standing in the Case to present before the Court, being an owner of the Company that is subject to Bankruptcy. Just like a person has standing before the Court to present their own case — you own the Company (in this case, part of it), you are the Company. So I’m there with my face painted

[image loading]

(there are more pics in the rest of the blog plsjump to this link to finish reading)

2primenumbers

**
o face
rafaliusz
Profile Joined December 2009
Poland482 Posts
February 06 2015 18:14 GMT
#2
Awesome
SolaR-
Profile Blog Joined February 2004
United States2685 Posts
February 06 2015 22:08 GMT
#3
what
Ryuhou)aS(
Profile Blog Joined March 2008
United States1174 Posts
February 07 2015 00:40 GMT
#4
I have questions...

first, was the hearing held in a court? Was there a legal judge deciding on this or was it like some business arbitrator or something?

Is this company in the private sector?

What i'm really wondering is if it's normal to have a government judge/court oversee goings on of a business in the private sector. Is it just with this case b/c of the Chapter 11?
BW. There will always be a special place in my heart for the game I spent 10 years to be mediocre at.
zf
Profile Joined April 2011
231 Posts
February 07 2015 04:15 GMT
#5
You're no longer in court. You don't need to keep capitalizing random words. :p
NewSunshine
Profile Joined July 2011
United States5938 Posts
February 08 2015 03:31 GMT
#6
On February 07 2015 13:15 zf wrote:
You're no longer in court. You don't need to keep capitalizing random words. :p

I think it's words that start with C.
"If you find yourself feeling lost, take pride in the accuracy of your feelings." - Night Vale
2primenumbers
Profile Blog Joined February 2014
United States144 Posts
February 09 2015 03:34 GMT
#7
On February 07 2015 09:40 Ryuhou)aS( wrote:
I have questions...

first, was the hearing held in a court? Was there a legal judge deciding on this or was it like some business arbitrator or something?

Is this company in the private sector?

What i'm really wondering is if it's normal to have a government judge/court oversee goings on of a business in the private sector. Is it just with this case b/c of the Chapter 11?


Questions welcome too!

The hearing was in a Federal Court before a Federal Judge.

This is a Public Company (stock ticker GTATQ).

It is absolutely not normal for any government judge nor court to oversee the going ons of a business. Infact, I am quite uncomfortable with it because this is a type of power of the government that is encroaching on private enterprise and our individuals rights and liberties in our economic business. This matter of an incentivization plan went down before the Federal Court because the Company's managers filed for a Chapter 11 Bankruptcy in order to escape a particularly damaging contract with Apple, Inc.


o face
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