Costing more than an iota

Received this from Templar Poetry

Dear Peter
As a poet who has submitted work to Templar Poetry (unsuccessfully, I might add) I thought you may be interested in the inaugural Iota Shot Pamphlet Prizes for shorter poetry pamphlets. As you are probably aware (no) there has been a significant resurgence of activity in pamphlet publishing across the British Isles, supported by the work of the British Library, The Poetry Book Society and The Michael Marks Trust which recognise pamphlet poets and publishers in the annual Michael Marks Pamplet Awards. As publishers Templar Poetry has been shortlisted in the publishing category twice and one of our pamphlet poets has been shortlisted.
Templar Poetry is committed to publishing some of the very best new poetry being written today and the overall record of our poets in major prizes since we were established in 2005 is a testament to the quality of the work we publish. We hope that the new Iota Shots Pamphlet awards will unearth more excellent new poetry, as well as adding to the range of opportunities we offer poets to have high quality work published. There are three Iota Shot awards offering publication in our superbly designed and produced paperback pamphlets.
The latest date for sending submissions is 14th November 2010 and the thre three winners will have their work published as an Iota Shot in 2011

So, basically, send them between 12 -16 pages of poetry, one long poem, loads of haiku, whatever.
Then comes the killer - £15.50 online submission fee.
Ah, and it seemed too good to be true....