KEY 0.00% 0.1¢ key petroleum limited

shareholders who want to vote no........, page-18

  1. 4,440 Posts.
    Hi Guys,

    I believe the reason why they made this placement to sophisticated investors is for control and further dilution targeted to long term loyal investors.

    By diluting a further 19,000,000 shares which is 14% of issued shares on KEY this will bring in controlled interests to back the board.

    By doing this they are voting your rights down and you are slowly losing control on your holdings going further.

    Also, by doing this they can get further raising over the line and have full control.

    :(

    How can you see management aren't to blame?

    I STILL SAY VOTE "NO" and don't buy any shares for the moment, so it is unattractive to the sophisticated investors to sell or take up their issue. Keep these low for the moment because if you buy up they will dump on you.
 
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