I posted about this topic a few days ago. When I crunched the numbers, it made more sense for me to tender my shares than sell and buy, which has to do with what your average prices were for FWR and I suppose NOT as well.

If I sold all my FWR and bought NOT I would pay commissions and capital gains tax, and my average sp for NOT would come down to $3.04 or something like that, but if I tendered my shares I pay no capital gains or or commissions and my average NOT shareprice comes all the way down to $2.94 because my average price of FWR is like .295 so my "REAL" cost of a NOT share is 1.18.

Tendering is a bad deal I suppose if you are a FWR shareholder who's average price is above .40, but I doubt there are many of those around.