My suspicion is that Wayne Passlow is not only trying to keep...

My suspicion is that Wayne Passlow is not only trying to keep the company solvent but wanting to pick up the remaining shareholders' stock at the lowest possible price - and after the opportunity for them to sell for tax loss at the end of the year. However, IF that is what is being done, then if a shareholder has missed the opportunity to sell for a tax loss before 30 June 2002, we might just as well wait and hold out until 30 June 2003.
Question for the informed HotCopperites who know a bit of company law - can minority shareholders (Wayne P holds 55% of the company) be compulsorily bought out by him at this stage or does he need over 75% or some other figure?