If only I could return to the mid life - or is 59 still "mid life"?
You may be correct that the risk is small, and there is a slight possibility of upside, but a 3.4% return by April 2010 in today's market does not sound a great return. I guess they would not have proceeded if the major shareholders had not already agreed - so it probably "fait accompli".
All this is doing is putting a cap on the PWK share price.
Not worth holding onto for an extra 3.4% when I might be able to double my money elsewhere.
PWK Price at posting:
$6.04 Sentiment: None Disclosure: Held