Just Energy Group Inc. (Canada) JENGQ

Deal prospects - not good

[HermannHaller]

RBC pointed out in a recent note that the shares are currently trading at a price about 4x that implied by the debentures. If the deal goes ahead, both will be exchanged for new shares.

What does that mean? Why would the market be so out of wack? Obviously shareholders could just sell the shares in the market now and buy debentures instead, and they would be much further ahead when they get their new shares.

It suggests most shareholders do not believe the deal will get done. Thats the only logical explanation. Current shareholders are betting on some improved deal, or what?

[2020oilgamble]

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[HermannHaller]

I think you did the smart thing, and I agree there are many shareholders in the dark. But JE has several major, greater than 10% holders. They must know whats going on? Obviously Snyder knows. Is all this trading going on at $0.46 just people buying who don't know there is a restructuring, or what the terms are? I'm a great believer in the ignorance of the average joe, but that seems

[2020oilgamble]

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