What IPO? The stock is already trading. That filing clearly states they sold equity in the company and raised more than $2 million. So who bought those shares and at what price and is there any restriction on those shares? I will try to look at the filings over the coming weekend or have someone looked at it before that. That is key. If they sold shares at 40-50% discount and if those shares hit the market, that is what matters for the pps.