Possibly, given the arbitrage gap has closed to now just 2c. That gap simply represents the "risk factor" the bid at 35c will be pulled. I'm not sure if it is being correctly priced for the risk, but I would think that if we go to say 33.5c or even 34c then yes, I would agree that another higher bid is likely as insufficient arbitrage remains with a 35c bid. I would prefer it to come from another party with deeper pockets and hopefully in the 40's at least. I note the sell side on the UNV quotes has now seriously thinned out recently. That's good, suggests most retail holders at least are holding out for something sweeter, me included
UNV Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
