acquires zeta petroleum, page-11

4c issue price is meaningless. The recipients may still be able to dump them on market at 3c and make significant personal fortunes based on the huge discount applied to KEY's other assets.

Value of acquisition around $30m + 2m pounds debt ($34m!) (if all shares issued) for what.... 50% or less of 58bcf prospective? and 1 mbo?

And KEY's current prospective resources valued at a mere $5.5m are:
5% 40bcf (paid for).
5% of what - +1 tcf in Nyuni?
50% of what - 1.3tcf WSS?
100% of what - 1 billion BOE Lampedusa?
100% of what - 9mbo Lidsey?
45% of ?? EPA437.
1/75% Suriname.

Zeta shareholders are getting a sweet deal. I wonder who they actually are?

I don't care who new directors are now. If anyone is able to bring in any new directors do it now, I will vote for anyone even if merely p&d operators. The way things are looking it might even be worth chancing M. Smyth running this now.