It's probably not in the best interest of a competing offer to show their hand too early and just quietly accumulate through a number of parties (like minded companies or subsidiaries) without creating waves.
Allow time for retail investors to bail out and therefore reduce the overall number of shareholders.
Anyone who is accumulating on behalf of Colette can, in the event of a higher offer, make a profit.
First court hearing is scheduled for end of March, so let's see if they run on schedule. An Independant Expert's Report will be commisioned. The outcomes may provide a good justification for another party to lob a bid (half the job done at no cost to them)
Will be voting NO.
MYX Price at posting:
$7.23 Sentiment: Buy Disclosure: Held
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