oze, IVA was the retail shareholder's friend in this sale- got you all more cash.
Meanwhile, IVA is being utterly smashed. Their SP might hold more if they gave out in cash to SH'ers their share of the EXS sale (kind of hypocritical of them). They might use it for their own developments, though- they need cash.
I don't hold IVA either, and sorry if I seem to be stalking you, oze. :)