He's refusing to quit, and i don't blame him. Yes they are 15th in the table, but that's a good position for a newly promoted team. He's the right man for the job, unlike the owner who knows nothing about Football (and that's coming from Brendan Rodgers). Malkay should not have been put in a situation like this, he's done nothing but good for the club. But if he does go, there are openings in Tottenham, West Brom he could go for.
If he's sacked, it will look bad on Cardiff's owners. And if he is sacked, i hope Cardiff get relegated to spite the owner.