IBI Group Inc T.IBG.DB.E

RE:RE:RE:RE:RE:$1.8 - $2

[patenright]

short term traders who bought under 1.5 are selling  - let em go

she held above 1.6 -  good strength - only gave back 30% of todays move

let the traders go - we are here for the big gains to 3-4 and even higher looking out in late 2015 and 2016

good long term buy today  calgary

never sold no way - in fact was loading more in 1.4s and below  last few weeks  as i had a good feeling those bonds at 50 were discounting a successful amendment

good news - no dilution unless over $5 and that would be great to  swap debt for equity

time to cover for those bondholders who shorted stock  ( poor credit risk)  anticpating getting paid in full with shares come dec 2014  - keep dreamin

i said no way 2014 bonholders would get a 100% recovery and they didnt - that said they got a good deal ( 7 to 11% effective rate for those who chose consent fee) ) given the circumstances IBG faces.... and those who chose smallr fee get to participate  in equity over $5 ( doable in 2016) assuming IBG can get back to sales growth  and keep costs in line....

also, where is the guy who said all bonds would be dealth with here - no again

poor penny - no consent fee - i  warned u to vote yes or u would lose it

i thought 33% of bonds were voting NO according to penny  - no again