I think we’re talking about different things. All I was originally saying was they hadn’t sold out, as some might have thought.
Only a very small proportion of the 1 for 1 rights were taken up. So SOL not taking up theirs is actually similar with most other shareholders (including the NHF vendors). So hardly news or a red flag to anyone following along closely.
I am aware that other such as Lucerne didn’t take up their rights but instead chose to underwrite some of the shortfall. So a possibility that SOL underwrites, but not all that relevant to whether the ceasing notice (commonly associated with selling down) is a red flag.
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