Doing nothing is an option I've considered. If something happens with an appeal you'd still have them. And you'll still get the class 12 cash unless we've read the gibberish incorrectly.
But, I think it's over, and I'd like to receive the small portion of new stock.
I also read it many time and it looks like the best thing is not to submit an election – as it appears we have this 3-6-9 month period to grant release. The wording could not be more confusing.
If that is how it looks to other than it looks like it is worth the wait – hold off on election in hope some appeal win what we all been waiting for.
I don't think you can continue to trade your LTWs for a year.
As I understand it all LTWs will still be cancelled on the Final Effective Date - however all Holders will be on record and those who have not sent in election ballots will be sent Notices every 3 months up to a year - giving them an opportunity to provide releases and opt in.
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