Death spiral suggests down.
Regal are in it to make returns.
There is no short selling of MedAdvisor shares so the only way for Regal to make money is to churn shares up (and buy on the way down).
Any selling below 5c, they are losing money. Regal appears to provide liquidity.
The other large holders are cornerstone so unlikely to see their holdings fluctuate.
With 25M in the mix today a lot would have come from Regal.
Whether they sold the lot to new buyers or bought and sold their own shares suggests they’re still holding plenty.
They took 75M in June and another 50M from the recent CR.
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