key entitlement offer & uk acquisition?, page-18

Illiquid, yes it was a serious question, at least two holders that it was directed at have been long time holders and I was just after their views. I can understand the money factor but their sentiment seems to be that they don't like/approve of the management and progress to date. Given their sentiment and the fact that the management is very unlikely to change anytime soon it seems strange that they would still hold.

Prior to this entitlement offer KEY was my largest holding by cost and 3rd largest at current share prices. Following the offer it will move to my 2nd largest based on current share prices.