AFP Raid on Regal Funds Management, page-60

"Or is this an attempt to move the narrative away from the real questions about June 2018 revenue and spin the ASX inquiry as a hunt for nasty short sellers which when finalised will give ISX a clean bill of health and a ramp up in share price when re list"

To be honest, I think the folk on here are capable of dealing with multiple issues concurrently and speculating as to the underlying reasons this ASIC activity is underway. After all, Regal do have a history.... and to use your words... walks like a duck, quacks like a duck. But just speculating like your fine self.... lets wait and see...