Issue up to 70,000,000 new fully paid shares, but they state...

Issue up to 70,000,000 new fully paid shares, but they state that at date of this notice no placement is planned and that after 3 months this ruling would lapse.
Now this is bloody typical of the arrogance of KEY Management.
To vote this in as a shareholder you would have to have rocks in your head!!!!
If they need cash down the track then tell us what it is needed for and then go ahead with the placement at that point in time.
Approving this resolution is like leaving a child in charge of the lolly shop and telling them not to touch them.
If, "after 3 months this resolution would lapse" why would they only leave this ruling open for a 3 month period if they had no plans for the money now?
They will without a doubt go ahead with this placement to the detriment of their current shareholders and you can bet your last dollar on the fact they they allready know what the cash will be used for and who the beneficiaries of this are!!!
Ken, listen to your shareholders and please give a full explanation what you are up to, at prsent this reaks of pure arrogance to Key holders!!!!