this was their response (below). so i will call them Monday morning. i'm going to take the money and run - thanks for the info!: Customer Service Message: Dear Mr. xxx, Thank you for your message regarding JPAK. Yes you are correct there is an option where if you waive your dissenters rights you can receive early payment. If you want to do this you will need to call in and speak with our corporate actions team, must be done over recorded line. Sincerely, E*TRADE Securities LLC