OTCPK:JENGQ - Post by User
Post by
HermannHalleron Aug 28, 2020 1:35pm
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Post# 31470545
stock vs debs
stock vs debsIt's interesting that there is still a huge disparity in valuation here. Both will be converted into new shares.
JE.DB.C - trading at $26, equivalent to $7.25 per new share, plus a small new debenture
JE - trading at $0.50, equivalent to $16.50 per new share
I had suggested this existed previously because the deal had a probability of failing, but now the vote is done, that seems a remote risk.
The debs are less liquid, but otherwise isn't it a no-brainer to sell your shares and buy the debentures?