Ann: Closure of Rights Issue, page-4

I'm really not sure what you are saying. I just stated a fact. They were trying to raise $2.07M. $557,406 was taken up by existing shareholders. $219,956 was added on a by few additional applications. End of the day they managed to raise well less than 50% of their goal. Thank goodness for underwriters!

That's two failed raisings in a row. Fact

The other fact is PO has managed to burn through well over 20 million dollars of other peoples money since 2013 chasing his dream. I would suggest the most valuable thing Norwood has created is PO's frequent flyers account.