RE:TGA got $10.80 per share cash offer last yearThe debentures trade at less than cash value upon liquidation. You don't have to fool around with oil price forecasts and the value of the commons. Just sit back, collect the interest, and wait for the redemption date. You are literally earning a risk free rate in excess of 10% per year. One of the best values I have seen in years when the debentures were trading below $80.