I'd refer to a couple of points contained in Hadrian's post of 11th April.
Cosette would be required to pay a "break fee". (I haven't checked the $ value)
Consideration of a Special Dividend of $ 2-3.
Call it wishful thinking or a loony concept.
I expect that a statement will be released some time before end of April somewhat along these lines;
"The IE has concluded that the purchase price is insufficient and therefor MYX has decided to distribute a Special Dividend funded by cash reserves and franking credits of $ 3.00 per share"
I suggest the unexplained delay maybe due to seeking ASIC (?) approval to utilize FC (if this is required) and Cosette's requirement to seek approval from their backers. I don't think the FC will have any effect on Cossette but the use of funds at bank would be a consideration.
In the meantimeCosette's afiliates are probably accumulating (as suggesred by other posters)
I notice UBS percentage is back to 7.4% (latest announcement)
It's time to get back to reading my fantasy novel.
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How about an update Mr Chairman?, page-23
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Last
$5.22 |
Change
0.140(2.76%) |
Mkt cap ! $424.1M |
Open | High | Low | Value | Volume |
$5.15 | $5.32 | $5.10 | $1.806M | 346.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12140 | $5.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.29 | 6600 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12140 | 5.220 |
3 | 4493 | 5.200 |
1 | 1815 | 5.180 |
1 | 1815 | 5.160 |
1 | 100 | 5.100 |
Price($) | Vol. | No. |
---|---|---|
5.290 | 6600 | 1 |
5.300 | 1500 | 1 |
5.330 | 187 | 1 |
5.340 | 1825 | 2 |
5.350 | 280 | 1 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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