The punters selling off small volume into the bid will eventually run out of stock to sell. Instos like PVM are not selling anymore as their last substantial holding position was around 7c. Given no further announcements on holding sell off, we can assume they haven't sold much for a loss.
Short term there will be an announcement on funds received from Hologic for the second payment of $5 Million with potential for other updates.
If there was another distributor deal announced in the short term too (major player) rerate will occur.
People want to see other names outside Hologic and Henry Schein. Simple as that really.
LDX Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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