So, they have managed to spend at least $678k of the Regency money in settling these SDs, despite having inititally refuting them!
I have no idea how much they have left in the treasury now (after legal costs etc.) but they can't be looking too good, despite todays rally (up 17% on a volume worth just $1.142k!).
I guess the real question is whether the 19% shareholder bloc led by Alignment are sufficiently satisfied or if they still intend to follow through on the ouster of KB and DA?
Where do they go now? Shareholder must be mightily p----d off at this waste of money that could otherwise have been put into a re-jig of the business model and some decent marketing.
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