Just Energy Group Inc. (Canada) JENGQ

CCAA Extension up to Friday March 25th

[GaillardDeshaie]

Hi Al's, you are probably already aware, just in case you aren't, here is the press release from yesterday 17:00.

Have a great week end.



Just Energy obtains extension under CCAA to March 25

 

2022-03-03 17:15 ET - News Release

 

Mr. Michael Cummings reports

JUST ENERGY OBTAINS EXTENSION OF STAY PERIOD ORDER UNDER CCAA

Just Energy Group Inc. today obtained from the Ontario Superior Court of Justice (commercial list) an extension of the stay period under the Companies' Creditors Arrangement Act (Canada) (CCAA) to March 25, 2022.

The stay extension allows the company to continue to operate in the ordinary course of business while pursuing a restructuring plan with its key stakeholders.

As previously reported, FTI Consulting Canada Inc. is overseeing the company's CCAA proceedings as the court-appointed monitor. Further information regarding the CCAA proceedings is available at the monitor's website. Information regarding the CCAA proceedings can also be obtained by calling the monitor's hotline at 416-649-8127 or 1-844-669-6340 or by e-mail at [e-mail].

[SlickRick40]

Seems like Gail is posting that for herself or the other je bagholders who can't find the news release from yesterday. Like a pig playing in its own droppings. Terrible mess

[pjn0987654321]

I thought this company would be gone a long time ago.  Is it expected to continue in another form?  Or is this really the end?

[GaillardDeshaie]

pjn, I was in the same opinion few years ago until Mr. Gahn took over the previous upper management and he started to bring back the company on the rail ...until that really bad weather event in February 2021.  Since, Mr. Gahn and his team are trying to save this company and it still a chance to keep it running.  It is not over until is over..right???  Cross Fingers and GLTA

[pjn0987654321]

Thanks for the reply, Gaillard.  They have survived many times before.  They may survive this time too.  I am doubtful that the shareholders will receive much.  Sometimes they get pennies per share and a few bonds.  That happened to the YLO shareholders about 10 years ago.   Yes, it's not over until it's over!

[navajojoe]

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[navajojoe]

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