Ann: Response to Shareholder Letter , page-13

I spoke to him and he is a reasonable and polite bloke.

He is doing his best to defend the deal they have put together and you would expect that. It is dutiful of him to attempt to refute counterarguments.

Whatever happens with the vote, which will probably be closely run, many will remain shareholders in the company, both yea and nay sayers so best not to get too agro with each other.

I just have the opinion that, if KEY is dead in the water, a new board, given time, might be able to put together a more favourable deal on a different project with a better price/potential for current KEY shareholders that this Zeta deal appears to have. Had the Zeta deal been priced differently I may not have been against it.
But given goings on at COE (see todays ann as well as recent MD departure), this whole Zeta thing might be a moot point in a couple of months. Even if the vote gets up, the deal may not.