GriffopjTerrific post over on EGO. thankyou.As far as KEY goes...

Griffopj
Terrific post over on EGO. thankyou.

As far as KEY goes it could mean ultimately that the familial bonds that obviously exist are broken.

But does this matter?

As a KEY shareholder I had written off my investment prior to EGO involvement. IMO, EGO saved KEY from certain death and gave us a little hope.

But there was a quid pro pro.(Apart from shares issued to EGO).. a bungled and messy appointment of Craig M and then Kane M. and also, as recently revealed, Brooke M.

Now, apart from the initial rescue package I'm not sure if there is anything that ERM would/could change in the relationship right now.

Would ERM sell the 11% stake? probably not at least not on market. Could they demand changes to KEY board and management? Maybe they could.

Ultimately, I dont think ERM would care too much about KEY apart from legal JV commitments. I think they will be more interested in the new employment contract that CM is signing at EGO. I wonder how much it will cost to pay out?