So the new issue of CVS shares raised 5.5% of the $700,000...

So the new issue of CVS shares raised 5.5% of the $700,000 sought - in spite of an extension of time.

Collin Vost describes this failure as 'significantly short' of what the company hoped to raise. A bit of an understatement perhaps. Would 'disastrously short' better describe the failure.

No matter. Collin Vost says CVS "wanted to ensure new investors and current shareholders had an opportunity to invest prior to involving wholesale or sophisticated investors or other funding options."

How considerate.

I wonder whether the wholesale or sophisticated investors will be "very excited",  as CVS is, about the projects at Albury Heath and Payne's Find,

Here's hoping.