All this appears to be moot.
On 2016-10-24 Key filed motion...
ELECTION FORM
FOR HOLDERS OF ALLOWED EXISTING KEY COMMON STOCK
Which reads...
You are receiving this election form (this “Equity Holder Election Form”) because, according to the Debtors’ books and records, you may be a Holder of Allowed Existing Key Common Stock in Class 8 under the Plan. Under the terms of the Plan, Holders of Class 8 Existing Key Common Stock are conclusively deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code. Therefore, Holders of Class 8 Existing Key Common Stock were not entitled to vote to accept or reject the Plan.
Key issued 10 classes of common stock.
Most (1-7 and 10) were held intact.
Classes 8 and 9 on the other hand, were determined null and void.
UNLESS....
You were issued a class 8 stock (which is the most common classification of public stock) and it was deemed by the company as "allowed existing" or "special treatment" you would have received an elections form stating...
You are receiving this election form (this “Equity Holder Election Form”) because, according to the books and records of your Nominee (defined below), you may be a Holder of Allowed Existing Key Common Stock in Class 8 under the Plan.
On the Effective Date, all Existing Key Common Stock shall be discharged, cancelled, released and extinguished and shall be of no further force or effect, whether surrendered for cancellation or otherwise. On or as soon as practicable after the Effective Date, each Holder of Allowed Existing Key Common Stock shall receive, in exchange for the surrender or cancellation of such Holder’s Allowed Existing Key Common Stock and for (1) the releases given by such Holder...
...such Holder’s Equity Holder Plan Securities (rounded up or down to the nearest whole share and whole New Warrant), or
In other words, unless you received that "ELECTION FORM" your stock is now or will soon be worthless.
Sorry guys.
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