OTCPK:JENGQ - Post by User
Comment by
SlickRick40on Jul 16, 2021 4:37pm
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Post# 33561252
RE:RE:JE.V down 10% today - Anyone know why?
RE:RE:JE.V down 10% today - Anyone know why?Capharnaum wrote: BayStreetRoller wrote: More bad news on the horizon with this stock? I am assuming that their Q1 numbers (April 1st - June 30th) are going to again be not well received by the street. Or maybe it's a negative outcome on the clawbacks from the weather event - I think they requested to get $100M returned.
I think the main reason is that their latest financial statements clearly showed there was likely (I'd say 95% probability) no way around another reorganization. In that sense, when the reorg happens, there's a high probability that shareholders get less than what the shares are worth right now.
What do you think about these stockhouse members bragging about averaging down in the face of bankruptcy?