OTCPK:JENGQ - Post by User
Comment by
Capharnaumon Apr 18, 2021 11:03am
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Post# 33018805
RE:RE:RE:RE:RE:ERCOT pricing revised for February 14th
RE:RE:RE:RE:RE:ERCOT pricing revised for February 14thpjn0987654321 wrote: If the company is allowed to continue to operate, maybe it can pay back PIMCO and the other debt holders in a few years. There may be a tiny bit of hope for the current shareholders.
There are covenants and a reimbursement limit for the DiP loan, so they don't have a few years to reimburse. Being in creditor protection, they already aren't paying off any debtor other than PIMCO's DiP.