OTCPK:JENGQ - Post by User
Comment by
borne2runon Aug 20, 2019 4:20pm
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Post# 30048032
RE:RE:Dividend.
RE:RE:Dividend.condor, even if buyers come forward, the common stock may still be a zero (e.g. same sale metrics as Crius).
USD prefs were down 20% today, closing at $13.54. Market appears to be pricing in a suspension of the preferred dividends. Will know in 2 weeks. If JE is sold for more than 5x EV/EBITDA, the pref holders will be paid $25 per share, an 85% gain. Canadian debentures sort of holding up, trading in the low 80s. CIBC has been accumulating, are they advising JE?