erm move?, page-5

Griffopj
Terrific post over on EGO. thankyou.

As far as KEY goes it could mean ultimately that the familial bonds that obviously exist are broken.

But does this matter?

As a KEY shareholder I had written off my investment prior to EGO involvement. IMO, EGO saved KEY from certain death and gave us a little hope.

But there was a quid pro pro.(Apart from shares issued to EGO).. a bungled and messy appointment of Craig M and then Kane M. and also, as recently revealed, Brooke M.

Now, apart from the initial rescue package I'm not sure if there is anything that ERM would/could change in the relationship right now.

Would ERM sell the 11% stake? probably not at least not on market. Could they demand changes to KEY board and management? Maybe they could.

Ultimately, I dont think ERM would care too much about KEY apart from legal JV commitments. I think they will be more interested in the new employment contract that CM is signing at EGO. I wonder how much it will cost to pay out?