Yes 50.1%. He goes onto say that it’s not a takeover offer and...

Yes 50.1%. He goes onto say that it’s not a takeover offer and FMS has no commercial arrangement with BBIG .
The good news is he also states that if and when delisted they still have to comply with the Corporation Act. Hence, if Todd wants to make any commercial arrangement with any related party ( BBIG for instance its a conflict of interest). Therefore, they will still have to seek shareholder approval and not participate in the vote.
Sounds like it’s well worth holding IMO as the fat lady sure hasn’t sung and minor shareholders COULD be calling the tune even if delisted.
Interesting!!