Wow. If true, and that certainly seems plausible, it's like sabotage. Apple loaned them the money to begin producing all of those furnaces...calling the loan back within a year when all of the funds they had loaned them presumably went into capex - a liquidity crisis would certainly ensue. Clearly they didn't loan them the money to have them deposit into the bank and wait.
Doesn't paint the brightest picture of Apple. While the $$ is a drop in the bucket for them - it's a PR black eye
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The Reason For GT Advanced Technologies Shocking Bankruptcy: "Severe Liquidity Crisis"
Wow. If true, and that certainly seems plausible, it's like sabotage. Apple loaned them the money to begin producing all of those furnaces...calling the loan back within a year when all of the funds they had loaned them presumably went into capex - a liquidity crisis would certainly ensue. Clearly they didn't loan them the money to have them deposit into the bank and wait.
Doesn't paint the brightest picture of Apple. While the $$ is a drop in the bucket for them - it's a PR black eye