mogoa, page-5

re: 11c possible arbitrage OK defabstar - let me get this right. Lets say tomorrow, I buy say 10,000 MOGO for 18 cents. I pay the $2000 to excise them say next week (before the expiry date)(total cost 38 cents).

In return I'm given a fully paid MOG (currently valued at 33), plus a free option MOGOA with a 30 cent strike. I can then sell the MOG for the price on the day - lets assume 33 cents, plus 10 cents for the option.. so my arbitrage is currently about about 5 cents...

If this is correct, I wish I had read this earlier... I saw MOGO hitting 10 cents the other week... then exceeding MOGOA. I've been trading MOGOA (profitably) for some time now....

Cheers
SB