Just Energy Group Inc. (Canada) JENGQ

2023 Q1 ER

[GaillardDeshaie]

Hi again,

Here is the 1st Q ER....nothing wrong with those results.

Now, the NET Equity is $357,407 millions $$$....

How a positive net value of a company can not get out from bankruptcy....Who are the thief???

Balance Sheet

(thousands of dollars)		As at			As at
		June 30,			March 31,
		2022			2022
Assets:
Cash and cash equivalents		$	220,962		$	125,755
Trade and other receivables, net			356,059			308,941
Total fair value of derivative instrument assets			899,282			671,714
Other current assets			175,581			131,570
Total assets			1,911,371			1,623,814
Liabilities:
Trade and other payables		$	385,391		$	349,923
Total fair value of derivative instrument liabilities			34,580			26,087
Total debt			125,893			126,419
Total liabilities			1,553,964			1,429,613

Summary of Cash Flows

For the three months ended June 30.
(thousands of dollars)

						Fiscal 2023							Fiscal 2022
Operating activities from continuing operations					$	102,072						$	2,603
Investing activities from continuing operations						(3,462			)				(1,460		)
Financing activities from continuing operations						(1,657			)				(22,683		)
Effect of foreign currency translation						(1,852			)				221
Increase (decrease) in cash						95,101							(21,319		)
Cash and cash equivalents – beginning of period						128,491							172,666
Cash and cash equivalents – end of period					$	223,592						$	151,347

[SlickRick40]

House of cards. You are in way over your head here. Common stock going to zero, same as we've been warning you for past few years.

[Tommy123]

This post has been removed in accordance with Community Policy

[GaillardDeshaie]

Hi Tommy, don't waste your time to respond to this guy.  The think I'm wonder is, if you have an answer...from this ER, I don't know and surely I don't understand why this company, JE, can not get out from bankruptcy when they have a positive EQUITY, raising profit...spending over $110 millions in re-organisation!!!! I'm sorry for my lack of knowledge but if someone can

[pjn0987654321]

They may be making money now but for the new owners or for the debtor in possession.  The former owners got nothing and will continue to get nothing.