A counterexample on continuous coprime factors

In Georgiou and Smith (1992), the following question was raised: Consider a linear, shift-invariant system on L₂0, ∞). Let the graph of the system have Fourier transform (MN)H² (i.e., the system has a transfer function P=N/M) where M, N are elements of C_A={f∈H^∞: f is continuous on the compactified right-half plane}. Is it possible to normalize M and N (i.e., to ensure |M|²+|N|²=1) in C_A? The author shows by example that this is not always possible