OTCPK:JENGQ - Post by User
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Capharnaumon Mar 22, 2021 5:40pm
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Post# 32855094
RE:RE:RE:Delisted from NYSE too... heading to pink sheets
RE:RE:RE:Delisted from NYSE too... heading to pink sheetsGaillardDeshaie wrote: Tommy, if JE is not listed anymore on NYSE, that does mean ALL shareholders will loose their investments, isn't it? After the reverse split I bought more shre to average down from $177 to $12, so I don't have any money to lose, just hope to recover my investment or at least a portion of it. I don't know what the % of the chance for Mr. Gahn to save this company, but I'm getting not very enthousiasm to get my money back. GLTA Time will tell. Gaillard.
Technically, you still own shares of the company even if it is delisted. They have applied to the TSX-V which can take a bit of time (30-60 days to know if they will be accepted). In the meantime, I think you can trade on the Pink Sheets.
Shareholders will lose their investments if the Debtor in Possession calls the loan (we don't know what could trigger that even). In that case, JE would have to find another entity for the loan or the Debtor in Possession would apply to the courts to wipe out all shareholders (and other debtors).