Ann: TOV: YOW Panel Receives Application, page-8

Just write a brief note to the Chairperson of the Takeovers Panel (email at bottom of ann above) stating that as a shareholder you wish to object
to the manner in which the bidder has conducted the bid:
-retraction of the former bid of 9c & replacing it with a 7c script bid which pushed down the share price
-the uncertainty of whether the 9c is real because of the trust not a listed entity under ASX entity regulations.
-your concern the future liquidity and value of the trust units
-your preference for a cash option given the market cap of YOW is mostly cash now.

Just send the Panel an email and, IMO, this will encourage it to convene promptly and adjudicate.

Cheers
MM