G'day Roznov,The comparison i am referring to is that in both...

G'day Roznov,
The comparison i am referring to is that in both cases the company was chasing extra funding, your point is quite valid
however.
Looking at where the sp is today ($0.11) and that no trades are being accepted above that price to date, this issue could well and truly be out of the money!
The only thing that could move the sp up IMO is news re KN#1 and that as you are no doubt aware is unlikely within this rights issue time frame.
I do hold high hopes for the future of KEY and on past performances the sp moves up dramatically on any positive news.
I also have a sneaky suspicion that the UK deal is to generate future funding as the KN#1 early commercialisation schedule has been blown out of the water and that management are looking at other options to generate cash flow due to KN#1 delays in commercialisation.
Cheers
dapper