Bottom line of the above article (my words):
Apple loaned GT Advanced Technologies money to build the sapphire plant which GTAT would pay back out of the monies Apple paid for the sapphire. BUT if certain conditions were not met, Apple could demand all of its money back … NOW.
Bloomberg and other analysts interpret this as a collapse in the Apple – GTAT relationship. Very bad for GTAT.
At one dollar a share, GTAT could be a takeover target play … or it could fold its tent and disappear into the night.
Are you a gambler?