its like what would happen if an asteroid fell on any major shareholder's head... there'd be either a firesale of their shares or an orderly one at a discount to a someone who would be interested in taking a big stake in iba.
i'd be more worried about 'exploding' convertible notes which is threatening the likes of abc learning. i've had a read of previous announcements & i'm fairly certain iba's convertible notes are not the same (correct if i'm wrong).
IBA Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held