I'm out but still cautiously optimistic with this stock.I don't...

I'm out but still cautiously optimistic with this stock.

I don't believe the reasoning:

"come on tt , do you really think that baker steel and mark creasy and let alone all the diretors of apex who took up their 20 cent intitlements are idiots ."

has much merit either because even the smartest investors get it wrong.

Also if the directors had not taken up their full entitlements this would have sent a very bearish signal to the market.

As for going admin TT, your guess is as good as anyones but, considering how close they are to turning a profit I'm sure the operation will either be refinanced or taken over.

Rdgs