Replies to post #957 on Apex Silver Mines (fka APXSQ)

[snapped]

nothing new really,

From: Pablo Castanos [mailto:[e-mail]]
Sent: Tuesday, February 24, 2009 10:01 AM
To: DXXXX
Subject: - shareholder


Mr. XXXXXXX:

The plan we have proposed does not provide any recovery to shareholders because creditors, who rank senior to equity in the priority scheme, are not being paid in full. Current Apex shareholders would have a zero percent (0%) recovery in a liquidation. Such Holders would also receive nothing under the Plan.



If you have additional questions you can access our website (www.apexsilver.com) where we have updated information about the Chapter 11 filing. On our home page, under “Chapter 11 Information Updates” you will find a link to the Claims Agent and to Court documents, as well as a link to Investor frequent asked questions.



Regards,

Pablo Castanos