Management confirming their confidence in getting the FIRB...

Management confirming their confidence in getting the FIRB approval, by not accepting more funds from the SPP even though it was oversubscribed. If you had doubts you would have taken the extra money, given its at a slight premium to market.
Management are shrewd in their money/share management. FWL runs on a smell of an oily rag, just 70k per month. They limit the shares being issued, choping of springtree, and positioning FWL to benefit in the most maximum way when TFA placement is approved.

Please do your own research though, but in my opinion risk/reward down here is phenominal.

Come on management expediate the FIRB process :o)