OTCPK:JENGQ - Post by User
Comment by
GaillardDeshaieon Nov 10, 2021 5:54pm
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Post# 34112333
RE:RE:RE:RE:22FY Q2 Results Have a good read
RE:RE:RE:RE:22FY Q2 Results Have a good readnavajojoe wrote: GaillardDeshaie wrote: Navajojoe, the Balance sheet is a picture AS AT: and you are right, actually there is no equity for shareholders. However, if you look, just beside, AS AT: March 31st, just 6 months ago, the shareholders equity was (594,822$ million). I do believe it is a major amelioration. And I do believe, the stakeholders will continue to support this company. They are going in the right direction and we should see, by December 7th, JE will not be anymore under CCAA & Chapter 15. DYOD & GLTA...Sincerement Gaillard.
The creditors will support the company, because they have no choice.
But will they support the common shareholders?
Time will tell.
Yes, time will tell..but if you take time to look at LY 21FY Q2 and look at the numbers...JE is coming from a long and dark road. Actually, this is the best pictures since many years so Mr. Gahn and management team are doing the right thing to save this company and save shareholders hope to recover their investment. GLTA. Gaillard.