General discussion, page-8465

here’s a hypothesis:

shorters probably some of Regal’s own brokers going rogue and borrowing the shares from the fund, who take no risk. They also control the bots pushing price low and they know the mre window. They know that pre-mre buyers are pretty much fully allocated hence limited risk of pushing back on bots. Their bots have been feeling this out for some time hence probably gave them confidence they can get away with it. They may wrap it up one week ahead of mre just to be safe. Limited to 500k units as maybe they back themselves that they could shake this many from LThs that want June/July cash out. It’s less than 1% of shares on offer when retail held 40% so probably achievable for them.

brokers make $3-4/share x 500k so $1.5-$2m for quick 2 week exercise?

shares bounce back hard so everyone still wins except the punters that sold their shares?