Reading the announcement it suggests they couldn't directly give the 7c offer to Instos so let them offload for 2 months then offer it to them later at 7c.
No wonder the SP couldn't move. I bet LDX held off on updates too to let the Instos play their game.
Ah to be a fly on the trading wall.
Ann: LDX Raises A$2.65 Million in Successful Placement, page-12
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