Thye other thing - and it's more of a traders objection than a fundamentals thing - is that MOG will be in an "options squeeze" until the options are excersised.
Essentially, if you hold MOGs and MOGOs and wish to excersise the MOGOs, you may sell the MOGs to get the money to excersise the MOGOs.
This will put downward pressure on MOGs ... this happened to COE in the last couple of months before the COEOs excersised.
Ian Whitchurch