all r screwed, page-60

Davo,

I also wonder why Kim Robinson would sub underwrite the placement, considering he is the chairman you would think he would know if they are likely iron out the problems or if they were likely to fail.

A number of investors, including Apex’s Chairman, large shareholders, other large institutions, secured creditors and unsecured creditors, have agreed to sub‐underwrite the Rights Issue via a Priority Pool of $50 million.

I think it is madness not to ask yourself why all these high profile people and brokers are still pumping in the cash.

You would think that if the chance of failure was high they would just walk away, it just does not make sense for them to continue to pump in the $ if it looks like it will fall over.