OTCPK:JENGQ - Post by User
Comment by
badguesson Dec 13, 2013 12:59pm
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Post# 22003748
RE:Sale of Assets
RE:Sale of Assets
This disposal of an non performing business will help JE's debt position but they said sold at a nominal price so I would expect a fat write off for this at the next quarterly report. That is lower profit for the quarter. I think this is just a small step in bringing JE to a more stable level, maybe the new Canadain billionaire share holders are having an effect in getting JE to a more common sense behavior but I think we will have to wait for a while for the market to react.