1AI 0.00% 1.1¢ algorae pharmaceuticals limited

Howzit IDTTThe general public own 69% of the company. Private...

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    Howzit IDTT
    The general public own 69% of the company. Private companies own 9.5% and Public companies own 4.4%.
    With this in mind is it possible that a big pharma could just buy the company at the present SP? I wouldn't have thought so?
    Or am I missing something? Could you or somebody else please clarify that for me? I thought 51% had to be up for grabs before that could happen.
    Cheers
    Zwarty
 
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