I think the problem here is MUFG (mofos) running a rolling short. They come up substantial holders but if you scroll to the end of the notice they have prime brokerage agreements with Regal and another fund. Fleecing going on in the knowledge that the pickup in earnings will be later this year and into next. So it's a test, do you wanna be round that long cause MUFG are looking to drag holders underwater and test resolve.
Ann: Half Year to 31 Dec 2020 Results Presentation, page-62
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