How will the latest gov stimus help FLT, page-43

I hope they don't come upwith anything as complex as Webjet have, Ive been looking at it for a couple of hours and still can't quite work it all out. Looks like existing shareholders will retain around 80% of the company, but with a significant entitlement contribution. It's largely underwritten, not totally. The institutional component requires a bookbuild which will be completed today. The MD is sub-underwriting $5M though which is a good sign. Will be interesting to see what price the bookbuild achieves, hopefully well north of the $1.70 offered to existing holders. As part of their presentation they believe their liquidity will get them through until the end of 2020 even under severe restrictions. Hard to see that Australian travel at least can be relaxed to some degree in that time frame.