Well, it does. Specifying case insensitive match and then handling both cases yourself reeks of someone who's never parsed anything before. The second case won't even do anything, it's already been done! And even if the language or the libraries worked that way, what about mixed case! Let alone parsing HTML with regexps in the first place. Python has BeautifulSoup for not-well-formed documents.

It's reasonable from that code snippet to infer the author understands neither the language he's using nor the problem domain he's working in.