I think comprehension is becoming a real difficulty. At no stage did I suggest that Norwood was going under. The Bermuda reference is to the Somers office there. As for insolvency, my suggestion earlier in the week was that Norwood was raising cash given the directors' responsibility not to trade insolvent. They have, wisely, acted to avoid that.
You might also like to google Andrew Frazer Resolute Mining to give you more background. I'd be surprised if Somers didn't receive a fee in addition to the options.
You'll be surprised to learn that I agree in broad terms with your figures earlier today. With the raising and a potential R&D payment, Norwood has the opportunity to pursue deals over the summer without needing to worry about survival.
Add to My Watchlist
What is My Watchlist?
