Man, you need to chill out.
First you'll have to point to the terms in the agreement or anywhere where it has been sourced that Apple owns the equipment now. To be clear I'm not taking a position on it, simply pointing out that a LOT of what we know so far is not sourced and can't know the details until they come out.
If I give you $400 dollars to get a coffee and you come back with chocolate which I told you I wouldn't accept - how have I not taken any risk? I'm out $400 dollars and interest and for relying on you instead of another to accomplish the task.
Did you read the article...yes Apple knew there were issues back in February. However it looks like GT downplayed the magnitude - note how immediately after management start selling off - possible a clue that they themselves did not believe things would not work out. However they kept communicating to Apple in such a way as they were still expecting yet another payment all the way in October. If management weren't confident back in February, why did they still expect another payout 8 months later? Why not communicate more clearly to Apple how bad the situation was?
Other than that, I don't know what you're so bent out of shape about.
I your comment with the $400 for a coffee but getting chocolate milk, that's a great way to make it simple!
They promised, couldn't deliver, but were still willing to get another payment from Apple and all the while selling off stock. Are you f'n kidding me, SEC is going to be all over this, or Martha Stewart really got screwed!
It actually IMO, looks like they were going to go all they way to get last payment from Apple, and then file BK? Looks like Apple might have got wind of some of the shady scumbag **** going on with CEO & COO and put the brakes on!
GTAT got $440 million and new they couldn't deliver or were very stupid about what they could produce!
I would love to get some insight from GTengineer's to get their take on this. I bet it would be very interesting to hear what they have to say, maybe they new it couldn't be done from the start, or they had the company thinking they could, and that's why GTAT made the deal? Either way GTAT has only themselves to blame.
I strongly believe these 2 characters, CEO & COO, were planning since February, selling off $10 million in stock is clear evidence to me!
However this plays out, I hope at the very least the SEC goes after CEO & COO!

----------
What's becoming clear is, the upper management of GT Advanced are risk takers with questionable ethics. They pawned the company on technical targets that are beyond their reach and took the gamble. Then when things are going downhill, they ripped the market for their personal gains. The losers are Apple and Apple's customers.
And GTAT share holders, with no inside information like CEO/COO!
