maclean-1 next after gilbert-1, page-8

cloudstreet...

Hard to say what may transpire...and yes, the arbitrage can be hard to catch due to conversion delays...usually up to 2 weeks.

Personally, I have no intention of converting the MOGO's anyway...or at least not until just before they expire, assuming of course, they are in the money at the time?

As I see it, you get a pretty good bang-for-your-buck with the MOGO's...and interestingly, the potential exists for them to actually trade higher than the heads.

Once the shares pass the 50c mark, the MOGO's will actually be worth more than the fully paids...this is because of the unique conditions attached.

Example...

MOG = 50c
MOGO's = 30c
MOGOA = 20c (free on conversion of the MOGO's)

At 50c, the combined value of both issues of options will equal the fully paids, as such, the MOGO's should trade at 50c

When the fully paids reach 60c however, the MOGO's will actually be worth 70c (MOGO=40c MOGOA=30c)

The higher the price goes, the greater the difference between the fully paids and the options becomes...and any premium built in will only increase this difference.

Interestingly, when the heads are under 20c, the options are like any other 20c option...between 20c and 30c there is a slight premium...but over 30c, they really start to provide amazing leverage.

One of the best risk/reward scenarios on the boards at the moment in my opinion.

Of course, all this depends on a successful hit.

Cheers!