Thanks for the info, Havelock, and for the posts in this forum, Paul. Having read the full Prospectus a few times, I have a few questions  that I'm hoping one or the both of you can clarify:

• Page 9 of the Prospectus outlines the use of funds from each batch of the IPO. Is the full sum raised from each batch to be devoted to its corresponding listed use on page 9, or only a portion thereof? On a related note, how will these actions be funded should one or more of the batches not be sold in full?
• Is the IPO the only source of funding for Bliss operations and coverage for development costs and expenses? More broadly, what is the operations plan and the impact on unit holders if one or more of the batches are not fully sold?
• When will open market trading of BLISS units on Havelock begin?

What does this mean? The Prospectus says something similar but less awkwardly phrased: "Investors of preferred units will be paid in full from net company profits before any dividend distributions to Founder shares." Paid in full for what? They are unitholders buying a stake in the entity, not lenders expecting payback of principal, are they not? Is this proposing some sort of market-based share buyback? Apologies if I'm overlooking something obvious, but I'd appreciate clarification.



Again, I'm not clear on what's being proposed here: by what mechanism would an IPO investor have "recuperated their initial investment"? A unitholder could gain return on that initial investment either by selling (in which case he would no longer be a unitholder) or via dividend payment. So are you saying Founders' shares will not be tradeable until all IPO investors have been paid back the full sum of their initial outlay in dividends? Surely not. Please clarify. Also, what do you mean by "both" IPO investors?

Much thanks in advance for your responses!