Just Energy Group Inc. (Canada) T.JE

RE:RE:I hope you guys are onboard because we are going to fly high

[Chris007]

People that own this should enjoy the relief rally for now.

That being said there is still substantial uncertainty regarding the Texas issue as per the MD&A, pg. 3:

Under normal ERCOT protocols resettlements occur 55 days after the operating day. However, ERCOT has indicated that it may resettle earlier. The total financial impact may materially change due to ERCOT final settlement data as it becomes available, any government or regulatory actions or potential litigation with respect thereto, failure of other parties to pay amounts owing to ERCOT and the impact of customer credit losses

These estimated substantial losses may create significant liquidity challenges for the Company. The Company may have further discussions with market participants, including existing stakeholders, regarding any further sources of funding. However, there is no assurance that the Company will be able to address these liquidity challenges with its stakeholders or otherwise, and any inability or failure of the Company to appropriately address such liquidity challenges could materially and adversely impact the business, operations, financial condition and operating results of the Company. The Company’s ability to continue as a going concern for the next 12 months is dependent on the Company resolving these liquidity challenges. These conditions indicate the existence of material uncertainties that raise significant doubt about the Company’s ability to continue as a going concern and, accordingly, the ultimate appropriateness of the use of accounting principles applicable to a going concern.

2020oilgamble wrote: Not a chance.

The fact that they only got billed for $50 Mil so far, and note a 'discrepancy' between what there own usage says and what they were billed.....

And that the true outcome won't be known for 55 days as that is how long it takes for the bills to arrive.....

You have fun....

happyInvestor1 wrote: I hope you guys are onboard because we are going to fly high!
Theres a BIG difference between 40-50 Millions with the 250 Millions disclosed before!