Did you actually read the announcements?
Regal took the placement at $2.75
The shares are now trading at $5.60.
I reckon a 10 year old could see that the Regal placement has been good for the company and someone with a little more wisdom would probably infer that it has given the company a much needed liquidity boost to entice a few people to sell.
There's no pleasing some people
Ann: Ceasing to be a substantial holder, page-53
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