hbos takeover on track, page-12

I think he was suggesting that smart sellers, institutions, were dubed by management. Just take a look at how many shares the board members hold (relative to their salary) and that little stunt that they tried with buying pitance on the market. They are dodgy and that's why institutions dumped them. Don't forget that the board of management stopped buying after one day. If they think it was a steal or once in a million lifetime, why aren't they buying more?

Relationship between institutions and companies are based on trust. When that trust is broken, instos dumped them. Wouldn't you? What other fibs do companies like VPG have for the market?