Just Energy Group Inc. (Canada) JENGQ

As usual

[Nordiques]

Don't expect the Stockhouse forum to provide you more information on what happened and what will happen to your money except for stupid one-liners.

[Capharnaum]

Key part extracted from the news release: "existing equityholders’ interests will be cancelled for no consideration" aka current shareholders get nothing. Considering that, I'm not sure why anyone would buy shares...

[GaillardDeshaie]

I have been trying...yes just trying to get into the document of 273 pages.  Trying to understand this is like the 12 works of Asterix...  So at the end, is there a company (BP) who are buying the shares or the assets? Is it bizarre to do not have the latest March 31st Earns Result??

[Capharnaum]

In their agreement with the lenders, since the net value of the company is negative, the current shares get wiped out and they either make cash payments or issue new equity to lenders. The lenders that get equity will have the remainder of the assets. Being on the venture, they would still have until the end of the month to produce the latest earnings. However, since the company is going private

[Nordiques]

I saw that and that was my thinking in making the sale. I've been there, done that and bought the bankrupcy t-shirt  before (Nemaska) and it was complicated to begin to understand how to declare a capital loss, so I thought, If I still have a chance to sell it for some weird reason, let's do it. Now, who knows if their "plan" will be rejected or whatever, but I had only