How about an update Mr Chairman?

Mr Chairman retail shareholders deserve an update, just a reminder that you indicated that the Scheme would be sent out to shareholders by end of March (approximately I grant you).

I don't know, but my guess is that there's a few concerns with the Scheme as Cosette imagined it 7 weeks ago. This is what I think is going on:

• Cosette is not going to walk away from this deal because it is a fantastic deal for them and with the $A depreciating they will be paying even less for the company. They would also have to pay a break fee to MYX and wear the significant costs they would have already incurred. Delaying this by 6-12 months is not in their radar because by then another 1-2 financial reports by MYX will indicate that they should be paying $15/share.

• Maybe the Independent Expert report shows that Cosette's offer is inadequate, and the Scheme will show an improved offer when we get it. Possible, but I suspect you have handpicked this "Independent Expert", so not banking on this.

• There's no way that the Australian Treasurer will be approving this deal before the election because it would be too politically damaging. So if approval is not granted for a month or so after the election, we maybe entering dangerous time territory for Cosette. Possible, but there's ways around this as the Salisbury manufacturing could remain in Australian hands, thereby satisfying the National Interest requirement.

• My mail says that maybe Cosette is increasingly concerned that retails shareholders are going to Vote No to the scheme and perhaps the Scheme might show a special dividend of $2-3 to encourage these shareholders to vote yes. After all, if Cosette already own about 50% of the company they would only be paying half that amount and with an increasing cash balance of MYX.

It might just be a good idea Mr Chairman to keep us informed.