Moydow Mines fka MOY

[amarksp]

MOY arbitrage value @ NEM=$39
fully diluted MOY shares, cash per share only
C$1.61
US$1.15

MOY trading at about a 15% discount to cash per share, fully diluted...
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1st column is value of 75% MOY distribtion to shareholders
2nd column is 100% value NEM distribution, plus MOY cash on hand after warrant exercise.

800,000 total NEM shares to MOY 800,000 800,000
% distribution to MOY shareholders 75% 100%
Share distribution to MOY shareholders 600,000 800,000
26,414,014 MOY shares o/s 26,414,014 26,414,014
Warrant & Option Exercise 1,961,250 1,961,250
Diluted MOY shares o/s 28,375,264 28,375,264
NEM shares per MOY share 0.02114518 0.02819357
NEM share price $39.00 $39.00
Value of NEM Distribution US$ $0.825 $1.100
Value of NEM Distribution C$ $1.158 $1.544
Value of NEM Distribtuion + Exercise C$ $1.616
Value of NEM Distribtuion + Exercise US$ $1.151

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Would not be purchasing MOY right now, appears we have distribution from folks without patience to wait until the NEM distribution..., and



the real easy money has been made, but I will likely wait to take profits until the distribution...