OTCPK:JENGQ - Post by User
Comment by
Capharnaumon Feb 19, 2022 4:19pm
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Post# 34445314
RE:Q3 report and Shareholders deficit is shrinking
RE:Q3 report and Shareholders deficit is shrinkingThe problem is that their net cash from operations through the first nine months is negative $39.2M. That's mostly because the gain is on unrealized hedges (that they need).
They still have around a net amount of $270M in trade payables and they have $623M in debt to renegociate.
In the meantime, shareholders equity is still negative on the balance sheet.
I hope that for the sake of shareholders, the management finds a way to get out of CCAA without wiping them and get a restructure with some value for shareholders.