How risky are PIBS?

Good afternoon, everyone. I'm here today to delve into a topic that's been generating quite a bit of buzz in the financial world lately: PIBS, or Permanent Interest-Bearing Shares. Now, I'm sure many of you have heard of PIBS, but the question on everyone's mind is, just how risky are they? Are they a SAFE investment option, or should investors proceed with caution? Let's take a closer look at the ins and outs of PIBS and explore the potential risks and rewards associated with this type of investment.