Thank you DDD for your post. I must confess that I have been...

Thank you DDD for your post. I must confess that I have been very uncomfortable with the way this IPO has been conducted and your post tonight has led me to make some of my observations.

I am very troubled by the way some shareholders of Caspin may be disadvantaged in this IPO. The market cap of Chalice has tripled since the demerger was announced or put another way increased by well over $500 million. It is clear that some larger shareholders may be advantaged at the expense of some others. The prospectus also refers to the fact that Chalice itself may take a material shareholding. Well good for them but what about us? I am also troubled that the Caspin board has agreed to enable broker firm stock yet not be clear on how some Caspin shareholders will have stock allocated.

I’ll leave it that for the time being and await what outcomes eventuate.