OTCPK:JENGQ - Post by User
Post by
GaillardDeshaieon Aug 17, 2021 7:48am
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Post# 33715737
2021 Q1 Results
2021 Q1 ResultsWell, the 2021 Q1 has just been released yesterday. For me, I didn't have any expectation other then the company can still in operation. There is a lot of ratio to analyse but the company got: $184m in cash flow, Sales decreased and Expenses decreased as well. Having an EBITDA of $23m including $20m Reorganization cost, it is not bad at all. Assets increased by $220m and liabilities decreased $64m, so the net value of JE come QoQ from -$594822 to -$311537. And JE are hoping to recover $100m from ERCOT (wheater event). For now, upper management are taking the good decision to keep the company above the water. I hope the company took the security to prevent another wheater event. DYOD. GLTA Gaillard.