Will the likes of Regal keep their foot on the throat of KAL so the 60 odd million options expiring in the june july stay out of or near out of the money so a CR will be required at a lower price of course.
Its a shame management cant be trusted to not give more stock to Regal. Still I guess when they pull stumps here they will look for a new venture and having cosy relationship with Regal may be beneficial to them.
Ann: Application for quotation of securities - KAL, page-3
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