Help breaking in holster

[oohrah]

I just received a new leather pancake holster for my S&W M&P. This not my first pancake, but it is extremely stiff. I can draw with some difficulty holding it in my hands, but when on my belt, the holster is pinched, and the gun is impossible to draw. Great retention protection I guess :) .

I'm not a leather expert. What can I do to loosen this up or soften it? I thought about neats foot oil. Right now, it is unusable. Any thoughts would be appreciated.