$Soluna Holdings, Inc.(SLNHP)$

To follow on from my article on Soluna Holdings, two other points are relevant:

1. The company is controlled by a private equity firm, which makes a change of control almost inevitable in the end - this underpins the special situation nature of Soluna preferreds, who are entitled to receive $25 + accrueed interest (>$5 currently).

2. Further more, whilst the preferred dividend is not being paid currently, it is still accuring at $1.75/year, so one is earning >15% whilst we wait.

3. Insiders received 2m preferred shares in summer 2024 as part of incentive plans - this was after the dividend had been halted. Why would you issue a effective defaulted quasi debt instrument to insiders? It's not typical, its becausthey know they get paid in a change of control.

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