guys this rights issue does not look good, page-3

Fully agree Surandy90.

KEY management are all over this deal big time, if you ever had any doubt what their intentions were, today’s announcement should rest any fears you had IMO.

Crikey, they even said that they expect the due diligence to be finalised "well" within the 45 days. Just do the math, my guess is we will see the review process completed and announced during the last week of July.

I also suspect today's announcement might have been pre-planned to be released at the start of the rights period. IMO, you can expect another one at the end of rights period to ensure all shareholders are given as much information as possible so they can make an informed decision about whether to take up their entitlement or not.

Cheers
R