Under $6.00 it appears to be really cheapVRNO = $25.00/sh
SOL owns ~25.2mm VRNO shares = $630 million
SOL has 58 million shares (FD) = $10.86 NAV/sh of VRNO (no other assets)
Less $1.00/sh of debt to MMCap = $9.86/sh
SOL sold its Bluma shares ~ USD$23 million, apply that to pay SOL Mgmt bonues (that can be expected).
Big leverage if VRNO trades up. Say VRNO at $32 per some of the analyst targets. That gerenates NAV of $13.90 per SOL share less $1.00 for the debt.