Yes, I agree it was a loss for both, and unfortunately Apple really got it in the shorts!
Anybody that says "Apple has plenty of cash, it doesn't hurt them" is wrong!
Business is about making money, and Apple has earned their wealth. That's what business is all about!
If I ran my business with attitudes like that, all my profits would slowly dissipate. $439 million is a big deal to just throw away, because some CEO could not produce what was promised. To a small extent some of my employee's, at times, think this way, it's disheartening!
It appears the CEO of GTAT, new long before they could not produce what was promised! Then he sold his stock off, made a bundle for himself, and a couple others, leaving employee's & investors high and dry! The CEO deserves a good ass kicking!
I hope the SEC goes after this sht fck, clearly he knew they failed! Then sold his stock off, knowing, it was not worth ****!
Why should Apple not get interest over the 4 year period that GTAT has been given, to repay a portion of the loan??? Why does the CEO of GTAT get to keep the money he made from selling stock??? I know what some will say, "he didn't file personal BK". I get it, but it's just not right!
Someone (CEO and others) new long before they were not going meet the terms, and were still going to take the last $139 million from Apple? What was their plan, IMHO, I know what they were going to do, file BK after getting last payment on loan! Apple woke and put the brakes on, and the CEO of GTAT just moved up BK date!
