Ann: Santos completes Institutional Entitlement Offer, page-37

Shorters & instos go hand and hand - shorting doesn't have the volume without intos because us retailers aren't lending our shares..

The board has hurt sh value no question but I still feel like something else is happening here - HONY are offshore - spectre are offshore and basically beyond asic which is pretty pathetic even here in Australia.

John Ellice-Flint involved with Specter is just another piece to this puzzle - are Hony buying on behalf of Specter who are buying on behalf of someone else? These guys are global not local..

I'd say lets take a cold shower and look at this again on Monday because I can't see any justification for what has unfolded today and worse it not a selling by a mass of individual holders its been a mass volume dumping by a few - shorting numbers will tell us whats happened..

Time for me to go get a tyre fixed..