Apple Sapphire Supplier GT Advanced Technologies Removed From NASDAQ Exchange

[69Mustang]

This kind of thing happens all the time. You are only aware of this one because Apple is involved.

+1
Unfortunately, you are all too correct. There are a ton of snake oil salesmen out there. We are used to scammers trying to dupe us (Nigerian princes and such). Businesses have their own "Nigerian Prince Inc.'s" as well.

My hope is someone develops this tech to it's full potential so it pushes Corning to to the next level with GG, then the new GG pushes sapphire to it's next iteration and so on. One bad egg shouldn't dissuade further development.

 

[budselectjr]

down since when your obviously must be using the apple koolaid ticker? dates please

9/19/14 through 10/16/14. Ticker 005930 on the Korea Exchange.

 

[Freyqq]

Didn't Apple buy a lot of sapphire materials? So, they're down a lot more than just what they loaned GT.

 

[uwdude]

So what is likely to happen to our stock now? Will it eventually end up re-listed if it comes out of bankruptcy?

 

[nikon1]

Didn't Apple buy a lot of sapphire materials? So, they're down a lot more than just what they loaned GT.

Tax write-off for all those $$$ sitting in Europe?

J/K - this is still a very interesting story. Did Apple get duped or are they going to pull Rocky out of their hat?

 

[budselectjr]

so what is likely to happen to our stock now? Will it eventually end up re-listed if it comes out of bankruptcy?

otc

 

[machtv]

9/19/14 through 10/16/14. Ticker 005930 on the Korea Exchange.

sorry brah but i live in the USA so i use ny stock exchange which is on the usd scale. and i don't use the "won" which the currency for korea. ticker for apple is "aapl" and for sammy it's "ssun.de" and how quickly things change sammy is now dn -.87% and appl is -1.06% so both are now on the down swing. but apple may go up today after the ipad annoucement.

 

[i.mac]

I would hate to work for this company right now. Big boss cashing out and my stocks going poo does not sound promising at all. This is no good news for Apple either as they thought these folks would deliver with the Sapphire production. We wont see Sapphire in our displays for a while.

Lamentably, part of the sad news is that this has happened to an American company trying to do business on American soil.

 

[Jjaro]

Wow I am so glad I waited and didn't buy stock in them. I just thought that it seemed like too much of a risk.

 

[machtv]

Wow I am so glad I waited and didn't buy stock in them. I just thought that it seemed like too much of a risk.

if you wanna make $$$ then i suggest bitcoin

 

[IJ Reilly]

+1
Unfortunately, you are all too correct. There are a ton of snake oil salesmen out there. We are used to scammers trying to dupe us (Nigerian princes and such). Businesses have their own "Nigerian Prince Inc.'s" as well.

I meant that companies fail more often than is generally realized. Going public is certainly no guarantee of success, and having only one real client is a huge risk that investors should understand.

----------

otc

Only for the time being. In the end, is the equity is likely to be of value only to penny stock speculators looking for the bigger fool.

----------

So what is likely to happen to our stock now? Will it eventually end up re-listed if it comes out of bankruptcy?

No, that is very unlikely.

 

[budselectjr]

sorry brah but i live in the USA so i use ny stock exchange which is on the usd scale. and i don't use the "won" which the currency for korea. ticker for apple is "aapl" and for sammy it's "ssun.de" and how quickly things change sammy is now dn -.87% and appl is -1.06% so both are now on the down swing. but apple may go up today after the ipad annoucement.

Samsung Electronics is a Korean company and is traded on the Korean exchange. It is not traded on the US markets. All you did was just post the ticker for the Frankfurt exchange for some derivative. But by all means, continue your ignorance.

 

[jtara]

You can still trade the stock - just not on the NASDAQ exchange. It will still trade OTC and be listed in the "pink sheets". Your particular broker may or may not be able to accommodate your trade(s) at a reasonable price, though.

I'd take a chance and buy some, if it weren't for the actions of the CEO. That's the killer.

I suspect the effort, equipment, and technology will not go for naught. But doubt that current shareholders will get anything.

Ultimately, shareholders are responsible for watching the pot. This one boiled. Shareholders either didn't notice or didn't want to notice. Shareholders get burned.

 

[coolfactor]

Didn't Apple buy a lot of sapphire materials? So, they're down a lot more than just what they loaned GT.

There is a good point. Wasn't GT stockpiling tons of boules of sapphire? That could make a lot of Watches.

 

[IJ Reilly]

You can still trade the stock - just not on the NASDAQ exchange. It will still trade OTC and be listed in the "pink sheets". Your particular broker may or may not be able to accommodate your trade(s) at a reasonable price, though.

I'd take a chance and buy some, if it weren't for the actions of the CEO. That's the killer.

I suspect the effort, equipment, and technology will not go for naught. But doubt that current shareholders will get anything.

Ultimately, shareholders are responsible for watching the pot. This one boiled. Shareholders either didn't notice or didn't want to notice. Shareholders get burned.

I am curious to know why you'd ever take a chance on a delisted penny stock that is likely to be wiped out entirely in bankruptcy.

 

[jtara]

I am curious to know why you'd ever take a chance on a delisted penny stock that is likely to be wiped out entirely in bankruptcy.

I wouldn't.

I would take a chance on a delisted penny stock that is NOT likely to be wiped out entirely in bankruptcy.

The delisting itself is due to NASDAQ strict technical requirements, not any judgement about the company's viability.

The market is not rational, and investors over-react. In both directions. All the time. In fact, more often than not.

The problem here is that management has likely not been honest, and we don't know how much iceberg is under the surface.

 

[IJ Reilly]

I wouldn't.

I would take a chance on a delisted penny stock that is NOT likely to be wiped out entirely in bankruptcy.

The delisting itself is due to NASDAQ strict technical requirements, not any judgement about the company's viability.

The market is not rational, and investors over-react. In both directions. All the time. In fact, more often than not.

The problem here is that management has likely not been honest, and we don't know how much iceberg is under the surface.

I don't know if management has been honest or not, but I am pretty sure you are missing the point. The stock plummeted and was delisted because of the bankruptcy filing. The market reaction to the filing was hardly irrational, given that investors know (or should know) that shareholder equity is typically wiped out in bankruptcy. Not that the stock won't continue to trade. If they had a mind to, a person could still buy original GM stock, for example. It is intrinsically worthless, but it still trades on the Pink Sheets.