Just Energy Group Inc. (Canada) JENGQ

RS??

[Lovethegains]

Can anyone confirm if we are having or have had a reverse split or what is the case here? Thx

[HermannHaller]

Deal now expected to close Sept 28. If so, shares will trade on a 1 for 33 basis on Tuesday. Debs and prefs would be delisted at close on Monday.

[Marky1]

Thank you for that info! Big thumbs up

[Lovethegains]

So.... it will be like a 33 to 1 reverse split Monday? Going forward?

[Azzo100]

what does that mean, please can you elaborate, thanks

[Energyrunsearth]

This means for every share you hold of the stock you get 1 share for every 33 you own. Also, I don't know the exact switch over of the two types of debt. But, through the recapitalization we will be giving them shares in the company, so the company can deal with the debt it owes, all while strengthening the business by turning debt with interest at 8.5% into equity holders in the company

[Azzo100]

Thanks!