The only way we can end up on the positive end of a capital raising exercise at this time, is IF;
Key offers a pro-rata renounceable rights offer to shareholders
Depending on how much they wish to raise it can be 1 for 1 or 1 for 2.
Offer FREE new options attached to the new subscribed shares example (if the issue price is $0.05 per share have an option exercisable @ $0.09 in 12 months?)
Have a very precise, achievable short / medium term plan to use the money raised, that will add value to the company.
The last, and probably the most important is the Directors MUST take up their entitlements and declare it as part of the offer.
Anything similar or equal to the above might protect us in the short term.
KEY Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held