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Just Energy Group Inc. (Canada) T.JE


Primary Symbol: JENGQ

Utilities Utilities - Diversified
Just Energy Group Inc is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers. Geographically, the company is operating in the United States and Canada, Just Energy serves residential and commercial customers.


OTCPK:JENGQ - Post by User

Just Energy Group Inc. (Canada) > Read the info circular
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Post by EarningsPoweron Jul 22, 2020 6:23pm
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Post# 31304763

Read the info circular

Read the info circular All info has been posted to Sedar under thier Information Circular. Lots of info on the strategic review, and how they went about. 15 interested buyers viewed this company, 4 put up bids. None of them gave any value to equity greater than what is currently being offering now in this recapitalization. 

Either this is passed, and equity holders own a fraction of a newly recapitalized company with a cleaned up structure that could still rebound nicely, or it's not passed, and equity holders own 100% of nothing, because they will be wiped out in bankruptcy.

in my opinion, nobody is putting up a bid to take on $1bln in debt while still leaving excess money on the table for equity holders... GLTA! 


 
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