Comment Re:How can you (Score 1) 171
The pre-payment was likely for tooling setup costs, and when the tested material did not beat gorilla glass (as it was likely promised it would), the deal unwound and the reimbursement schedule activated. Now you have this company that had multi-billion dollars in future revenue contracts suddenly losing those contracts and in fact having a half billion dollar liability and not enough revenue to keep the lights on and people paid.
That's a great recipe for disaster, or in this case bankruptcy.
That's a great recipe for disaster, or in this case bankruptcy.