This is a complete myth, a false statement by TER that seems designed to pull the wool over the media reporting and many less active retail shareholders eyes. Why the regulator refuses to get involved with this obviously dishonest attempt to lie about the bid price is a very sad indictment on just how badly regulated our stock exchanges are.
At today's TER closing price of 29c, the t/o offer that they have on the table is worth just under 27.5 cents to UNV shareholders. The last time that TER traded at their "deemed" SP of 39c was on the 18th of December last year and it was on a one day spike prior to resuming its downtrend. The 33.5c bid level is a complete lie and hoax and TER should be brought to account by the regulators for pushing this level as legitimate.
If there is so much potential for the future of TER why is it that the SP has been so weak? Its not the price of coal as claimed by some other (obviously TER holders) posters. Perhaps its because the only way they will survive without a CR is through a cash grab on UNV?
The only logical thing for UNV holders to do is ignore this attempted fleecing.
My opinion only but please DYOR.
UNV Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
