Nonono, Regal still has some 6-7% stake in here.
Looking at ASX short position reports, there were indeed short sell activities around the $2.2-2.4 mark, but most short selling has stopped back in 16 Oct 2020, the rest are too small hence irrelevant. My guess is that they did short sell with the help from Money Fool report because there were $1.7x conversion price from VLT, hence it would make sense to pressure SP by bots so that they can cover short position, it also coincides with Regal's selling activities at that period.
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