Well I can't say it's a surprise to see the aggressive...

Well I can't say it's a surprise to see the aggressive sell down. Not just because of the market rout, but because the reverse listing was a means for Regal holders to access the liquidity of the market. They seem to be taking full use of that very market to sell out and take the cash. Listed active fund managers are definitely on the nose, so who knows how low this will go. Hopefully, those who were seeking to sell as soon as the merger went ahead - are being weeded out. I think it's time for Regal to allocate a lot more funds to their market neutral fund - this is getting might ugly.