Ann: EXECUTION OF HEADS OF AGREEMENT FOR A PROPOSED RESTRUCTURE, page-19

Great summation mnahood
Yes, the manager wins the jackpot, the luckiest investors get their money back

From memory when WMK went through the same process the transition pretty much followed the timetable.
Given that, also the possibility of a superior offer - maybe Wam as in Cie - might be worth hanging on
At 95 cents am prepared to wait 5 months for a 6% or better return.
Am assuming March is earliest time to cash out as WARF only accepts redemption requests up to 10th of month.
The managers break fee seems not too outrageous, they have staff, a lease on office space, the 2 cent redemption levy hard too justify,
Good luck to everyone who is holding and everyone who bails, will know in 6 months which was the better choice.