exco's response to cash offer ..., page-26

"why?"

There would be potentially 3 different types of sellers in the market today:
1. Traders keen to exit and move on
2. Short term holders who bought at 14/15c who have potentially made 20/30% in as little time as a week
3. Holders who are happy to exit and move onto other shares that may present with new stories with an opportunity to make profits more quickly than any further increment that may be possible from waiting on SOL to increase their offer or make a second subsequent offer later.

There is always sellers around. Likewise about buyers. That is the beauty of our market.