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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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Comment by HermannHalleron Jul 23, 2020 5:09pm
225 Views
Post# 31310695

RE:RE:RE:RE:RE:RE:Read the info circular

RE:RE:RE:RE:RE:RE:Read the info circular Book value of assets is meaningless. What matters here is that the debentures have priority over equity in a restructuring. Whatever the company is ultimately worth, who knows, but the debentures should be getting a bigger slice.

The other company referenced, Twin Butte, went into receivership when the debenture holders voted down the proposal. Ultimately they received over 80c on the dollar for their debentures, about 4x where they had been trading. Equity holders got zero. I don't see any reason why the JE debenture holders should settle for 57%.
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