Thrumeyeyes,Well done, you have thru your contact to Ken given...

Thrumeyeyes,
Well done, you have thru your contact to Ken given us a very good insight as to what Resolution 4 is all about.
The concern i now have is that Ken's response indicated that if the SPP was only a small one then they would go to their current shareholders with an option for them to take them up, however, when you read the fine print in his response to you, Ken indicates that they will most probably not persue this avenue, but more than likely have an SPP for the full 70,000,000 shares and they will be placed either thru an institution or sophisticated investors.
With this in mind your comment, "Either you trust the management or not" After those comments, I do not trust them and without a doubt this is heading for a deal to line the pockets of outsiders!!!!!
Make no mistake, this Resolution 4 is a very bad deal for all long term holders of KEY and for Ken to state that they have no current plans for the need of placing a further 70,000,000 shares on their register (which is a 54% increase in issued fully paid shares) is a complete an utter load of bull.
Only time will tell of course, but my vote still stands firmly at NO!!!!!