Usually there is a large holder that takes an interest in the shell, eg Merchant with 1PG/VPC. I don't see that here, unless you count the note holder. Does IAM have any significant holders anymore, or just Mums and Dads that have paid for the follies of a "money expert"?
If someone wanted the shell they probably wouldn't stump up $200k. Better to wait a month and buy it off administrators, imo (unless that creates too much hassle with the ASX). It's possible that this is just someone who bought the Disallowed. It happens.
IAM Price at posting:
0.1¢ Sentiment: Sell Disclosure: Held
