OTCPK:JENGQ - Post by User
Comment by
Capharnaumon Sep 29, 2020 9:44am
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Post# 31634383
RE:RE:Now look for a 50% pull back, minimum
RE:RE:Now look for a 50% pull back, minimum Energyrunsearth wrote:
With this many short positions. I could see someone trying to push it down to that.... but i hope people are more intelligent than to sell at that price. 600 million was just injected into the company. Thats more than 12ve bucks a share. Hope the shorts drive the price up, if we do have enough smart people to hold and not sell the bottem. But, we will see what happens today!
While debt was reduced, they only got 100M in cash from the switch. So, no, 600M was not injected in the company. Some debtholders accepted shares for their debt and then 100M in new cash was injected into JE.