Just Energy Group Inc. (Canada) JENGQ

Massive dilution, 1:33 share exchange,shares worth~10 cents

[HCI_STEEL]

Massive dilution 1:33 share exchange (our existing shares should have been valued at .71*33=$23.43, but new shares priced at 3.412. So we get ~15% of our value yesterday. Don't be fooled by their chart saying we are getting 28.8% of company post dilution.

Someone in mgmt should be going to jail for this swindle and loss of value.

All imo

[Dave4444]

I think that the pre-split shares could trade as low as perhaps 12 cents a share, but then or an after reverse split value of about $4.00 a share because people with exercise their options to buy the new shares and then immediately sell to re-coop some of their loses.  Then over time the new shares may move higher into the $10 range if oil prices improve.  Without improving oil prices

[pjn0987654321]

I believe the 28.8% would be if you fully participate in the New Equity Subscription Opportunity.  If you don't, then you are diluted more.   I didn't see where they said what happens if the Plan of Arrangement is voted down.  Probably they can't meet their debt obligations as matters currently stand.   Is Rebecca MacDonald still going to be there?