Ann: Apex Capital Raising , page-43

Who's going to have the stomach to cough up in the raising??

There's no arbitrage with the price at 0.002c and the offer at 0.002c.

Oh, but there's the underwriting agreement. Or is there:

Azure Capital's underwriting obligations under the Underwriting Agreement are
conditional upon a number of matters including:
(a) Azure Capital obtaining binding sub-underwriting commitments in
respect of the entire Offer by 5.00pm (AEDT) on the Closing Date (or such later date agreed in writing by Azure Capital). This condition has
been satisfied; and
(b) each of the Resolutions being passed by Shareholders at the General
Meeting.

How will Azure find sub-underwriters in this market for a junior miner on its knees???