This is kind of ridiculousCBA won't take over IAM... They...

This is kind of ridiculous

CBA won't take over IAM... They already want to move away from their FP arms. Not to mention why would you inhouse the one product which is giving you the one thing the Royal Commission recommended - independent oversight? 

Spookfish is a different kettle of fish (pun intended).

Here is some fun facts. Hypothetically, if IAM is acquired for ~$100m (this would imply at least $5m EBITDA which is such a long throw from where it is currently or where it could be in any time soon) this would translate to a 5.0c per share offer... If you're an original RTO holder you're barely going to get your money back. Let alone if you bought in at the 4.0c hype. To tame the chat about acquisitions any further, if they were acquired at say $60m, thats a 3c per share offer. Everyone is burnt except the latest placement holders lmao. 

Seriously, an acquisition of IAM is in no long term holders interest.