Ann: Disclosure Document, page-36

Thank you for your reply.
It is a condition of the ASX for us to relist not management. There needs to be 300 investors stumping up the minimum off (approx) 2k.

As I've stated, I don't have 2k spare, so will not be participating, BUT, I don't see that it will be a problem to find those investors. There are people here who have considerable funds tied up in this, and 2k could be seen as "insurance policy" and is basically a drop in the bucket to their overall holdings.
Although, should the 300 investors not materialise, (see above, underlined) then the ASX, in their infinite wisdom could possibly torpedo the process.
Ergo, although the monies invested in the capital raise would be returned (as you point out above), your current portifolio of shares in MYL would be lost because of not adhering to the conditions set out by the ASX and would not trade. Effectively keeping them in their current predicament. (refer to underlined sentence above)
Lets not go there, bit too doomsdayish for this time of the morning.
Management have performed extremely well over the last year and a half, and I am absolutely sure they are sick of dealing with the ASX and their millions of pedantic rules.
GLTA.