KEY 0.00% 0.1¢ key petroleum limited

i think all these arguments are irrelevant now, page-6

  1. 6,682 Posts.
    Correction... I missed this bit..

    http://www.stocknessmonster.com./news-item?S=ATW&E=ASX&N=471720
    The following resolutions were withdrawn:
    Resolution 2 Re-election of Director Mr Ananda Rajah (refer to the announcement to ASX dated 27 November 2009), and
    Resolution 5 - Approval for possible future placement of shares.


    http://au.advfn.com/news_Notice-of-AGM_40224563.html
    An interesting read but takes a bit to digest...

    Interesting that there seems to be some stress about KEY raising cash via Sophs. I note that Frank Cannavo was one of the subscribers for Convertible Notes in Medic Vision whilst he was a Director, so guess he may not have an issue with the sophs perhaps?
    Out of interest the % of new shares issuable under the Convertible Notes represented 39.89% existing issued share capital as at the date of Notice of Annual General Meeting.

    Includes this bit....
    "The effect of Resolution 13 will be to allow the Directors to issue up to 100,000,000 of Shares during the period of 3 months after the Annual General Meeting (or a longer period, if allowed by ASX), without using the Company's 15% annual placement capacity."

    From my reading there were about 106m shares on issue at the time.

    All in good faith etc.. and hopefully Raw will help me out if I am wrong... happy to fix any errors as we are all human.
 
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