I would say good riddance, but they still own ~27m shares which...

I would say good riddance, but they still own ~27m shares which is just under 5% so still a significant shareholder

They built up their shareholding mainly when the price was above 30c (I believe someone in mgmt sold them his shares at a possible discount at that time), and they have been selling over the last 3 mths.

The challenge with these guys is they will stall any momentum the stock price has as they tend to sell into any strength.....I'm still baffled how they make money, but I guess if mgmt are desperate, they call Regal who are happy as long as they can make a quick buck