Re: $38 brokerage charge - Unfortunately most brokers do charge about that if you either tender into the tender offer or if you wait until after the date of the tender and do nothing and thus get taken out by default (prob. not what it's called.) at the tender price.
Thus with these relatively cheap stocks, depending on how much you own, if the fee to sell is, say, $4.95, you need to compare those fees in the mix.