Just Energy Group Inc. (Canada) JENGQ

Good news, maybe?

[Moenshine]

If the creditors take over the company,
it could be good news after all.

[Chris007]

In what regard? Creditors taking over means shareholders are toast...shareholders are the "owners" of the company quote=Moenshine]If the creditors take over the company, it could be good news after all.[/quote]

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[Tommy123]

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[2020oilgamble]

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[Tommy123]

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[LionWhisperer]

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[Tommy123]

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[pointer]

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[Chris007]

lol...who knows, maybe PIMCO throws more good money after bad, and gives them another cash infusion.  Maybe another round of dilution, followed by another 33 for 1 reverse split.

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[Chris007]

lol...they already own 30% of the company. That being said, in cases like this, they would probably be better off to just cut and run. Last bailout was less than a year ago.

[LionWhisperer]

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[Tommy123]

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[Capharnaum]

There's nothing that points to an incorrect bill from ERCOT. They would need a political intervention to reduce the rates backwards so that their bill gets cheaper.  It's not impossible, but it's unlikely at this point. If they don't get a reduction, then PIMCO will be the sole owner of the business (and keep operating JE).

[GaillardDeshaie]

Hi Tommy, I owned 8400 shares of JE, it is really sad.  $100k gone in smoke within 1 month cause by 1 natural event.  It make to me no sense.  JE is the second energy retailers in Texas going under Creditors protection and they didn't have choice because they can't not paid ERCOT.  My last hope is ALL others energy suppliers in Texas will do the same so ERCOT will not

[Tommy123]

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[Capharnaum]

What ERCOT did was legal. They raised the price to the max after getting the approval from the Public Utility Commission. If they didn't raise the price, then electricity producers wouldn't have been back online and more customers would have been left without electricity (they would have needed to keep some parts of the grid off). To go back and change rates retroactively would mean that

[GaillardDeshaie]

Tommy, well I really hope you are right about ''it is legal for them to even bill that much''.  However JE beeing under Creditors Protection, they will be able to negociate a % to be paid instead of the full amount.  For example, it could be 10 or 20% of ERCOT depth.   What do you think it can happen of the actual shareholders network?  Usually when a

[Dumpinvestor]

Je files Bk protection based on 250 mil debt. If the number revise to 50 mil.. they must get out ch15...otherwise, je will face class action lawsuit from existing share holder.. there is still a hope for existing share holder

[Tommy123]

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[Tommy123]

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