No you are not mistaken and, as others have said, Regal have their own way of operating and have screwed up a couple of companies I have been in before with their tactics. As far as I can tell - the only way to beat them is get in as early as possible and be prepared to wait for their shennigans to play out short term.
Fortunately - in my case with this one I got in early, and the fundamentals of this company are great, so I don't have to worry about them anymore.
Regal Funds - Key dates and profitability, page-3
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