As he fell from the sky Iver didn’t know what was worse, being outsmarted by a child or getting smacked by his giant slow hand even though he had was the fastest giant with the best sight. Actually, he knew, it was the pain.
Iver watched the giant's hand came closer, ready to smash him. All he felt was bitterness and sadness, the anger was replaced by depression. He couldn’t avenge his father's death, he was too weak to do so and now he is about to get killed by the same guy. For the first time in what he thought was his entire life Iver gave up, he was defeated and even if he won this fight what next? They couldn’t defeat a single child that morgoth sent to defeat him, what chance do they face against the dark lord himself?
In fact, it was kinda funny, tiny men opposing the great all mighty Valar. What chance did they have?
He started laughing in his bat form, which was probably weird to whoever saw him. No, he will have the last laugh, he will make sure that this won’t end like a joke, this will end like a hero tale.
He got up, he saw Sig and the giant didn’t see him. If he could lure the giant above Sig he could transform and blow him to hell and back. Iver started crawling on the ground, trying once again to get out of the reach of the armored giant in a hope that he will either crouch above Sig or even move closer to him.