It also depends on what further announcements come out before...

It also depends on what further announcements come out before then.

Think about mate, would you as an insto stump up $75-$100M on the mere off chance you could offload at a premium to the placement price of 80c if everyone else was offloading at that price? They would not be able to get their money out without making a loss. They must be more than satisfied the SP will trade consistently and substantially above the CR price of 80c to get their money back with even a small profit. The instos won't be taking their placement shares at 80c to offload them straight away at 80c and definitely not to offload at anything below that. They are not that stupid with their $100M. They clearly anticipate being able to get out, if that's what they want to do at this juncture, at a premium well above 80c. I would say that when you are parting with the better part of $100M that you would have a much deeper inkling of the cost/ benefit analysis than we might anticipate. The instos won't want to 'buy' their shares at 80c with a risk the SP goes back to that level in the 7 days before they are allocated to them, and then be stuck trying to get that volume out at a big loss.