Any monkey can put together a capital raising if it merely...

Any monkey can put together a capital raising if it merely involves deeply discounting existing assets. (I keep asking myself why I end up finding myself investing in companies that do this.)

If these guys do another soph placement at the lows then it will be a real slap in the face considering the last vote, and will certainly send a clear message to the long suffering retail investors to get stuffed.

I suggested a method for stabilizing the price many months back at a higher price via an options issue to give retail holders some hope to cling to and a reason not to dump their shares, but what would I know, I must be an idiot because I am always ignored by directors, at least until I sell out.

Clearly ~$15m is a big ask, so an asset is going to have to go.

But these guys need to recap KEY now, then it should be done 1:1 rights and priced so that any leftovers will be swept up by others with a preference to the retail investors, not the sophs who have already been set in this at low prices.
We have all been diluted heavily enough already.
A rights issue should also include 1:1 7c options for every other shareholder that has been shut out so far.

If they ever manage to pull the nose up out of this kamikaze like dive everyone will benefit.
I got a +3000% return on my CAVO after sitting on 90% losses on CAV for 3 years. That enabled me to get out at break even. That is how you pay back long suffering shareholders and return a modicum of goodwill toward management.
It is no longer about the effect of dilution of low priced options on the business in coming years, but about digging your investors out of one almighty hole you have got them in.

Don't come with another $15k SPP or another soph issue.

Just do the right thing. Don't make me have to come over there and give you a talking to.