If Elliot participates fully, yes, they prevent GE from getting to 90%, but will Elliot participate? The point of my message was to provide a way of thinking about how the percentages work, that if we all fully participate then we'll all own the same percentages as before, because it seemed in a comment or two that someone didn't fully appreciate how percentages worked in these cases. I just chose to cover one scenario.
The links I could find in old posts did not work, but I have this summary from Charlie Colton's post # 5104-