Isnt there a rule in Australia that a company can aquire...

Isnt there a rule in Australia that a company can aquire remaining shares once it owns 90% of the shares on issue ?
At .001 at least we would get something back from our investment in MST.
So now theoretically ASOF could also issue more shares to say hypothetically COLT for example , untill original share holders may only represent 99.99% of all shares on issue as a guess example ?
Or perhaps consolidate then issue shares and drive the share price down ? Just my speculation and JMHO.