Mr Cohen has accepted the democratic vote that was narrowly not...

Mr Cohen has accepted the democratic vote that was narrowly not in his favour: "Yeah, that's democracy", he said after the vote. This article says Mr Cohen had a plan to use HYO as a backdoor listing for the social media interests of Gary Munitz. Here's the article from the AFR- for members or take a free trial:

http://afr.com/p/technology/that_democracy_cohen_fails_in_hyro_BpFVOt6kqV2SxPtiNHnlDK

Here's an AFR article on Gary Munitz's interests:

http://www.afr.com/p/technology/new_ad_fad_pennies_for_your_thoughts_0aaEc3xyu3Gzcg7RwxJplM
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Well, even though the vote was for the KITD proposal, Mr Cohen could always raise the bid over and above that of KITD, do his own takeover, and fold the projects he wants into it.