Correction, it was for the 2018 rights offering that they indicated management & directors wanted to participate. For some reason that rights offering was cancelled and replaced with a regular offering. As both management and the board had wanted to participate in the 2018 offering, i automatically assigned that intent to the 2020 rights offering as that was the actual first rights offering. However the following language was absent from the 2020 & 2022 rights offerings even though they all had the option to participate.
While none of our directors or executive officers has entered into any binding commitment or agreement to exercise Subscription Rights received in the Rights Offering, all of our directors and executive officers have indicated an interest in participating in the offering.