Agreed. The margin of error is too slim. There continues to be quite a bit of TER stock sold into the market every day. And it continues to drop day by day. It has not yet stabilised. Further its not like they issue you the shares straight away. The wait time could be 2 weeks and in that time we are likely to see it at 5c at the rate it is dropping...
The flip side to it is there hasn't been much UNV being traded at current prices so it means that there is at least less of an overhang from people buying UNV in order to take advantage of the arbitrage.
UNV Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
