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Just Energy Group Inc. (Canada) T.JE


Primary Symbol: JENGQ

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

Comment by Copperrunon Oct 19, 2021 5:43pm
103 Views
Post# 34024694

RE:RE:RE:RE:Comments on Increase in Market Activity

RE:RE:RE:RE:Comments on Increase in Market Activity
Capharnaum wrote:
Copperrun wrote: Nothing has been released yet! Lots of people need to be paid out so have to see how it is be disbursed. It's all speculation I strongly believe they will receive there payout and that individuals will get there's. If there was something that said they were getting it this would be over $5 but for now it's all about loading cheapies best of luck


As of the last financial report, they had around $585M in monetizable assets (liquidities + other assets that they can acceptably convert to cash).

On the other, they had $946M in payables (waiting for CCAA) and they had $622M due on their debt.

Even if they get $100M USD, it's all going to go to the creditors, it's not like the common shareholders will see its colour.

Last quarter, excluding the gain on derivatives (which they can't sell, as it covers their contracts going forward...), they had about $0 from operating cashflows, so you can't count on that to reimburse much of what they owe.

The fate of the commons depends on the CCAA negociations. Last time, common shareholders got 10 cents per share and the "opportunity" to inject money into the company. Why would it be different this time?


That debt is also spread over Amigo Energy, Filter Group Inc., Hudson Energy, Interactive Energy Group, Tara Energy, and terrapass. I total those 7 companies are making 5 billion + annually. 1 billion in liabilities is nothing
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