My R1 eats me.
Join Date: May 2012
Location: Saskatoon, Sask, Canada
Just bought an o5 r6 and had this same problem, i have the red key and 2 black keys but one of them didnt work, after a few tries of this application it did work for me just fine.
Note a couple things were a lil different.
When i first put the red key in and turned to on, when the instrument panel goes thru the rpms to full and back is the only time the red indicater key light comes on... Once the panel was done, a quick second, the red light goes away and does not come back on for any amount of time.
I then went ahead and started the bike, let it idle for a lil bit then shut it off and removed key.
The idicater light did not stop flashing for me after 30 secs, so i went ahead with the next few steps, ie place red key back in turn on then off within 5 secs and then black key etc....
When i removed the black key however u say wait for light to stop flashing then start with black key, mine didnt stop flashing and after about 3 mins of waiting i tried black key anyway and she fired up just fine.
Thnx so much for the post, it probly saved me 100+ dollars : )
Hope my info helps out anyone else having troubles a lil more.