Ann: Race Strategic Update March 2021, page-278

Have I got the TLDR right?

• Strategic update lays out timeline suggesting that any material announcements are some time away (longer than originally expected or not?)
• ST retailers exit their position to chase better ST gains; potentially looking to re-enter RAC at a cheaper price closer to future catalysts
• Paper hand retail minnows panic (as suggested by the small volume)
• Risk adverse LT holders or those holding <12 month hold
• Amplified by an announced exercise of options and the rumored sale on market as a signal of no confidence by options holder

If sale of those exercised options did occur, probably more downside in the ST.

Looks like my entry might be round the corner.. *rubs hands*