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IBI Group Inc T.IBG

Sector: Industrials | Sub-Sector: Engineering & Construction
Alternate Symbol(s):  T.IBG.DB | T.IBG.DB.A | T.IBG.DB.B | IBIBF

IBI Group Inc is an engineering services provider. The Company plans, designs, implements, as well as offers other consulting services and software development for its Intelligence, Buildings and Infrastructure business streams.
Price: $1.31 | Change: +$0.13 | %Change: +11.02%
Volume: 20,803 | Day High/Low: 1.31/1.17 | 52 Week High/Low: 2.86/0.65


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1 star

Booking a Flight to Toronto for the July 16th meeting?

Be sure  to  buy  cancellation  insurance .  rate and reply
1.5 stars

RE:RE:RE:RE:RE:RE:Fair points Penny

As   you   say  it's  MADNESS!    They  just   need   66.67%  from   the  people  that  actually  vote  but  that   is  impossible  to  achieve   when   33.33%  +  of  the  outstanding  are voting no....read more
0 stars

RE:RE:RE:RE:RE:Fair points Penny

The only logical scenario explaining why IBG keeps extending the voting/closure date on this Debenture term extension is that they have overwhelming support, but are continually falling short of...read more
0 stars

RE:RE:RE:RE:Fair points Penny

If the company exists (hasn't hit brankruptcy), the promisory note is of value.  If it doesn't exist, that promisary note isn't worth the paper that it or a share certificate or a debenture would be...read more
0 stars

RE:RE:RE:RE:Fair points Penny

Additionally, one thing I can promise you is that under a bankruptcy scenario the consent fee DEBT ranks above the equity.   Anyone that can provide some insight into the relative rank of the consent...read more
0 stars

RE:RE:RE:Fair points Penny

Why have you wrote UNSECURED in capitals?  As if to imply that means it isn't debt?  You appreciate that most publicly traded bonds (debt) are unsecured, right?  And that generally only bank debt and...read more
0 stars

RE:RE:Fair points Penny

It clearly says the fee is UNSECURED.  If the company goes belly up by DEC 31, 2016, it is worth exactly nothing.  Even less than a debenture. To call the consent fee a "debt" may be accurate in a...read more
0 stars

RE:Fair points Penny

This isn't right.  (1) The other convertible holders have no grounds for an increase in their interest rates if IBI were to increase interest on the December debentures.  (2) The consent fee is in...read more
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:Proposition

This isn't right.  (1) Bond rate which does not exceed 10% per annum.  The only mention of this in the CA is with respect to acquistion notes.  So not applicable at all right now. (2) Can not issue...read more
0 stars

RE:RE:Great Post HRC

The consent does not increase current  debt levels.....everything can be payed off in stock later, if need be.  rate and reply
0 stars

Fair points Penny

my guess is that by raising coupon of 2014s, opens door for the other series to demand same coupon increase which would wipeout any positive freecashflow and possibly lead to bankryptcy. Secondly a...read more
1 star

RE:Great Post HRC

info cannot be right as the current offered consent fee is in the form of debt ie increases debt which poster HRC says is no allowed . Also he says coupon can rise up to 10% but so far it is staying...read more
0 stars

Great Post HRC

You are sometimes a little "out there"  but if accurate, this explains the complicated consent offer and why IBI does not refinance using conventional methods as has been suggested by many deb holders...read more
5 stars

RE:RE:RE:RE:RE:RE:RE:Proposition

The offers on the table is the best IBI can submitted for acceptance as per  the SECOND AMENDED AND RESTATED CREDIT AGREEMENT. IBI as per the credit agreement : Bond rate which does not exceed 10%...read more
5 stars

RE:RE:RE:RE:RE:RE:RE:Proposition

someone is accumulating 5.75% bond serie. I am sure, amendment is approved. Wrong or rigth it is not important, IBI has to do business  rate and reply
1 star

RE:RE:RE:RE:RE:RE:Proposition

Your wrong AGAIN. Happens all the time . It won't happen here as the vote will not pass as large holders are voting no. Some dumb odd lot retail investors are voting yes who are suckered into the...read more
1 star

RE:RE:RE:RE:RE:Proposition

IBI has a legal problem. How IBI can give the consent fee only to bondholders who voted in favor of the amendment  and refused to give it to bondholders who didn't voted ? I understand to refused to...read more
2.5 stars

RE:RE:RE:RE:Proposition

penny - blowing a gaskut  -  poor guy - he is gonna lose the consent fee.   this delay is positive - super close and i expect the amendment will pass not too late for those who have not voted or who...read more
5 stars

RE:RE:RE:RE:Proposition

''Recent voting has been encouraging and retail bondholders are now voting in greater numbers'' I am already holding bonds and commons. The problem is the retail bondholders, they don't vote. With...read more
1 star

They delayed the vote again

UNBELIEABLE ! Shows no respect for the process and the people voting . Wasting so much time ,energy and money . I guess that is the way they do things there as they would not be in this pickle...read more