bad news for shareholders, page-5

I agree with your sentiments. I can see that the Instos are the ones to provide a quick buck in these sorts of situations but the shareholders are effectively disregarded. Shares in CBA of which they are part owners are sold at a huge discount to the last trade (around $45) to non shareholders who will make a quick buck and thereby help depress the price further. The Instos are the same bodies who have lost their clients a packet over the past year and are hansomely rewarded with a massive gift of around $4.5 per CBA share. Fairness has very little to do with it.