I was surprised to receive an entitlement for KEYR today.Why...

I was surprised to receive an entitlement for KEYR today.
Why have they sent out entitlement forms when KEYR trading is still ongoing?

I went and bought more KEYR on market which is obviously not shown on the form, but to my surprise I see that I didn't have to do this.

I could have just subscribed for the -> shortfall <-, and by the look of it it is going to be huge. I feel like a fool for buying KEYR when I could have applied for the shortfall.

I really dont understand the reason for this rights issue at all then. Why not just have a SPP and a similar shortfall application. What is it all for?

No institutional buyers. No significant news to bring new shareholders on. Why??