Whats Happening with IMC, page-19

I'm just wondering if there isn't some sort of an arbitrage spread going on between IMRN & IMC

I've seen posts where the Aussie cose price of IMC , say at 13-14 cents etc , equates to
$US 3.60 per unit for IMRN . ( but over the last couple of days IMRN has traded at $2.50 - $3.00

Thus assuming you could swap out ???? Why not buy in the US @ $2.50 - $3.00 and sell in Oz at effectively $3.30 - $3.60 ....or what ever . If you could do that the spread is 15-20 % for no risk except the exchange risk .

I've not seen so much turn over in the stock ....like its really churning

Anyway food for thought

Another jubilant day for the IMC skeptics - mind you they would be calling themselves IMC realists

cheers

VA