I honestly hope it stags and then heads north post IPO. I have never dealt with the lead manager Otsana. They have had some good deals come to market. They are probably top blokes. I wouldn't know. I'm simply giving my opinion about the fee structure and I thought that's what the forum was created for.......so people can give opinions and discuss stocks. Nothing anyone says on these forums has any influence over ASX listed stocks anyway so I wouldn't be too concerned.