unfortunately there is little explanation for how regal operate apart from being self serving because they are only interested in their (short term) profits
if a company reaches out to regal, that is a sign of desperation, however, in this case, I think it was Perennial looking for an exit and this seems to be the only path to offloading a significant holding
Ann: 3Q24 Trading Update - MONEYME Executes Key Strategies, page-26
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