Jump. IMHO - BJ won't let that happen, unless its a full T/O at a price that would be the best available (yes... I have no idea what that would be, and sadly it would not be near my average price).
While I am not a top 20 holder, I believe even after all the sh*&e we have been through, many holders would still side with BJ. Also, he will soon have 20% of the company (when he converts his personal loan).
I wonder if BJ will wait until after the Dec FED rate decision (before doing anything about possibly closing the hedge)... which going by U.S pundits is pretty much the most important decision since DDay back in the 40's.... (yep... heavy dose of sarcasm included).
The SP continues to creep up, quite a novel experience for PGI.
Ann: Appointment of Director, page-11
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