STO 0.38% $7.89 santos limited

Ann: Santos completes Institutional Entitlement Offer, page-25

  1. 7,515 Posts.
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    ML I came back on board a couple of months ago so I'm not bleeding yet but this stinks tell me it doesn't - anyone who watched that open could see big blocks being thrown way out front of the pack - now why would you try to keep pushing down the opening price - if it was me Id be trying to get the best price possible.....and I'm talking pre-open when all the games get played.....

    The board can go jump - I couldn't give a damn they should all have the axe taken to them but something feels weird about this - even the HONY thing and spectre - I wander if its because STO has so many loyal retail holders that the board new it couldn't accept an offer so have engineered another way to get shareholders to hand over more control - if retailers don't take up their rights and sell them - it'll most likely be instos scooping them up..........something stinks me thinks.....
    Last edited by Pbnewby: 12/11/15
 
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