KEY 0.00% 0.1¢ key petroleum limited

Ann: Response to Shareholder Letter , page-27

  1. 1,384 Posts.
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    I have a significant portfolio of shares totaling multiple millions of $ in approx 20 companies. I have to say that the Directors of KEY would rank last on my list when it comes down to their decision making and honesty with shareholders.

    I cannot believe that they have failed to complete UK drilling when it was stated that this would be a priority when purchase was completed 2 years ago and funds were raised for this purpose.

    I also find it astounding that they make an announcement prior to last capital raising at 4c that Directors would support this raising. They then contributed the princely sum of $1400 with Directors Wilkins and Russell not taking up 1 single share of their entitlement.

    I have completely lost faith in these people who seem to be more intent on continuing to drawing salaries and fees whilst running this company into the ground.

    I am sorry but the merry go around is about to stop.

    I have voted "NO" for over 1.2M shares that I control.
 
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