oh dear your up shi* creek.yes the key has a transponder chip that send a signal to an ariel around the back of the ignition switch and that goes to the immobiliser/cdi unit and says yes its fine to spark im not being stolen!so if you dont have it i would buy an new ignition switch and then visist electrex world onlina and buy a new non chipped cdi unit.problem solved apart from your seat lock key.buy a new full lockset hey!
adam bike doctor
March 2010