JE got another extension from CCAA. It is not over until it is over. And at least they will be able to finish their 22FY (March 31st) but they won't have time to produce their ER. However the CEO, Mr Gahn, and his BoD will have a rally good idea of the financial point of view. DYOD and Good Luck to all...Happy Friday..Bon VinDredi. Gaillard
Just Energy gets extension of CCAA stay period
2022-03-24 17:19 ET - News Release
Mr. Michael Carter repots
JUST ENERGY OBTAINS EXTENSION OF STAY PERIOD ORDER UNDER CCAA
Just Energy Group Inc. has been notified that the Ontario Superior Court of Justice (commercial list) has approved the extension of the stay period under the Companies' Creditors Arrangement Act (Canada) (CCAA) to April 22, 2022.
The stay extension allows the company to continue to operate in the ordinary course of business while pursuing a restructuring plan with its key stakeholders.
As previously reported, FTI Consulting Canada Inc. is overseeing the company's CCAA proceedings as the court-appointed monitor. Further information regarding the CCAA proceedings is available at the monitor's website. Information regarding the CCAA proceedings can also be obtained by calling the monitor's hotline at 416-649-8127 or 1-844-669-6340 or by e-mail at justenergy@fticonsulting.com.