I'm with Scottrade, and when they replied to my inquiry, they said that there would be the "standard $20 reorganization fee", so there is a cost, but they pass it on to the share holders. So, I not only have to wait until my old shares are worthless, but I get to pay a fee to receive them.
I am not a promoter or professional stock trader. I'm a regular guy who enjoys stock trading to make (or lose) a few dollars. I am only responsible for my own trading foibles, not yours...do your own DD.