TSX:IBG.DB.E - Post by User
Comment by
HRc60to65on Dec 30, 2013 10:33am
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Post# 22044908
RE:RE:RE:RE:RE:RE:outside opinion
RE:RE:RE:RE:RE:RE:outside opinion First The gouvernment dsesn't put anyone on a black list for financial instability. In that particular case, if IBI Goup is the lowest bidder the gouvernment will request a performance bond equal to the hiest bidder to complete the work in case of unperforming as request by the bid. Second Almost all IBI shareholders and bondholders are at lost today. When the recap plan will be published both will rebounded Third Interest paiment on bond was not delay and IBI hasn't requested Court protection. I am not afraid, IBI has all the human ressources to complete their projects and win new projects and present a good recap plan. My recap plan wish Reverse split 5 old shares for 1 new consolidated share 12M$ new cash from controlling shareholders for new consolidated share at 4$/sh 10M$ to convert in new consolidated share at 4$/sh Bond per 1000$ 100$ in cash 100 new consolidated shares at 4$/sh 500$ in new bond at 8% to be refund in 2020, interest paid every 3 months and exchangeable at 10$ per share