Just Energy Group Inc. (Canada) JENGQ

Customers not paying their bills

[pennydredful]

Why     were    they    not    cut  off    from    service    ?      or      were     they  customers    that   did    not     exist    but      someone     got    paided   to    "produce"     them.

[borne2run]

Penny, it appears they were "fake" customers. And the sales rep who signed up those fake accounts are probably long gone.

[StormyD]

Where were the managers??? Class action lawsuit!!!

[pennydredful]

so     massive    undetected    fraud    within    the    co.    that    went    undetected     for    sometime     or    someone    knew    but  

[GaillardDeshaie]

It is really amazing.  As one of the shareholders, can we get the true of this shituation from the board of direction and get to know what is their plan to fix it?  They should do an investigation internaly od what happen, make correction right away and all people involved or ignored this situation must be fire.

[StormyD]

What you have stated is WHAT SHOULD HAPPEN!!! Unfortunately, the brains behind JE do not operate in the same moral and ethical realm in which you and I live in. They have lied repeatedly to shareholders and are probably trying to cover up an immense fraud behind the 'not paying their bills'. I sold out at last week at $1.71 before the ship totally sinks! A loss - but not a total loss

[MS12345]

Difficult for this company to turn things around when the same criminals who most likely knowingly allowed this to happen are the same criminals trying to fix this mess. I'm out with a sizeable loss but, will feel a lot better seeing these sharks get their day behind bars.....

[checkup]

This post has been removed in accordance with Community Policy

[CanSiamCyp]

checkup: Even if a buyer is found, at current share price they will not take in enough cash to pay off preferred share holders and bond holders. So common share holders will be left holding an empty bag!

[CanSiamCyp]

MS12345: Many of us ex shareholders share your sentiment 100%!!! However it is extremely unlikely that any of the crooks will ever be punished! Welcome to the glorios wonderful world of investing! Shame on all the analysts who had BUY recommendations on this piece of dog t*urd! Apologies to all dogs! Lol!

[GaillardDeshaie]

StormyD, thanks for your answer and follow up.  My thinking about this is:  The BFS should be VERIFIED by an Accounting outsider.  How come they didn't see that?  Thanks for your advise.  Cheers.

[CanSiamCyp]

Hi! I assume even Bernie Madoff's company had an external auditor, and yet that Ponzi scheme was not detected. Maybe the same auditor was employed by Rebecca McDonald for Just Energy. Lol! Not trying to be a smart a$$ - just saying!

[Capharnaum]

External auditors are useless to detect anything elaborate where management is involved. In general, they can only find the little stuff.