email to ken, page-11

Just so any shareholders that are not aware of the implications of Resolution 4; There are currently 129,438,695 fully paid shares issued in KEY, if Resolution 4 is approved and the SPP is successful a further 70,000,000 shares would be added to the register giving 199,438,695 shares (54% increase)
Just imagine what impact that is going to have on your investment and the dilution effect???
Worse is the company are saying they, at time of this announcement, have no plans for a capital raising???
If that is the case why not forget about it until you do know what the money is required for?
This is all a bit too much for me to swallow!
And who are going to be the recipients of this SPP, Sophisticated Investors maybe, who will flog them off to make a quick buck???
Ken Russell must be joking if he expects his shareholders to give Resolution 4 a yes vote in it's current format.
If he wants this to go thru then give us the complete story so we can make a considered decision.