Moydow Mines fka MOY

[amarksp]

Russwinter: question for you

Can you explain why you sold MOY today rather than shorting .021 or .028 shares of NEM for every share of MOY you owned? Did you consider this NEM short option to lock in profits? What are the advantages and disadvantages of this strategy?

Each MOY shareholder will receive .021 shares of NEM (75% of 800,000 shares) and MOY will retain .007 or 200,000 shares = .0028 total.

FWIW, this is likely the strategy I will use to lock in MOY profit. Another option would be to sell NEM $30 Dec covered calls for the .21 shares you would receive. The likelihood of this deal not closing appears very remote? Please share your opinion on the cost vs. benefit of a short of NEM (or covered calls) rather than an outright sale of MOY.

Thanks!