Received a letter from Ainsworth yesterday.
It reads: " Your position for the above security is currently being held in your account at our firm. We need instructions regarding what you wish us to take regarding this offer.It is imperative that we receive your instructions no later than 3 business days prior to the expiration date of the offer. Any instructions received after that time will be processed on a best effort basis only."
** TO INDICATE YOUR INSTRUCTIONS, PLEASE CALL YOUR BRANCH OR THE INDIVIDUAL WHO SERVICES YOUR ACCOUNT **
If you wish to exercise you must deliver payment in full to your dealer/broker/bank who's deadline may be earlier than December 21,2012.
That gives six working days in which to act if you are not going to be on the "best efforts basis"
They are forcing people to exercise, let them expire or dump them for what ever you can get to buyers who will. That is what I suggested would happen in a post last week.