OTCPK:JENGQ - Post by User
Comment by
BayStreetRolleron Mar 21, 2021 12:16pm
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Post# 32846896
RE:JE news update
RE:JE news updateThat is the way Just Energy conducts business. They will try to tuck this bad news in with this weather event. The failed expansion in Germany deserves its own press release. I am sure investors have questions about how it failed and how much money was lost in this venture. What are the impacts to the business? Nope. Instead a 2 line statement about insolvency.
Global expansion was a huge failure. Japan, Germany, UK (sold that off for pennies) Not to mention business in other parts of the US. Recently sold their book in Georgia (US) and stopped doing business in California. They are focusing soley on Texas and look how that is working out for them. This business is being propped up by uninformed investors. There are so many better places to put your money than with this group.