 Air and Space Manufacturing, Inc., was again faced with dealer pressure for aircraft and commenced efforts to raise $2.5 million for expansion.The fund raising resulted in accusations of stock irregularities by the U.S. Securities and Exchange Commission, and though those concerned were eventually cleared of all charges, the associated costs and delays resulted in the collapse of the company in 1966.The assets of Air and Space Manufacturing went into storage, and were eventually (in the 1980s) acquired by one of the dealers, retired Pan Am pilot Don Farrington of Paducah, Kentucky.