Thanks Jas, Aesi and Prof I still struggle to believe that GE...

Thanks Jas, Aesi and Prof
I still struggle to believe that GE have not war gamed such a scenario. Rights doco states GE has total discretion over who can sub-underwrite. Surely they would envisage a very low retail uptake, and with the top 20 so stacked, I'm hoping they've been able to identify and court the strategic holders, and/or find 1 or 2 new ones who are committed to taking up the whole shortfall. Backing up my thoughts there is the fact that EWI are out as far as sub-underwriting is concerned, if I've interpreted the doco correctly. No way they'd dilute like this without having something in place already? Also, correct me if I'm wrong, but doesn't doco say that GE has already got the book? Or is it they just guarantee it and we just think they must (for their own survival)? Therefore, any approach from dodgy brothers ltd to sub would be politely declined? Anyway, way too complicated for me, but really appreciate your contribution.