Q: Can you provide an update on je.db.d please?I own je.db.d. If all the proposals go through what will I own at the end of the of the day?
You can view 3 more answers this month. Sign up for a free trial for unlimited access.
Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
-
Just Energy Group Inc. (JE)
-
Just Energy Group Inc. 6.75% Convertible Unsecured Senior Subordinated Debentures (JE.DB.D)
Q: As an owner of JE.DB.D I have rights that allow me to buy JE shares at $3.41 per share. Currently JE is trading at $0.46 per share but it is doing a consolidation of 33 to 1 so the new price for JE shares should be about $0.46 x 33 = $15.18 per share. Based on this information I should exercise my rights and buy the shares. Please comment if you agree. I realize with this dilution it will drive the price down but buying the new share at $3.41 per share still seems to be the right thing to do.
Q: Would you recommend voting in favor of the resolution that JE will be converting debt including convertible debentures into common shares?
Q: I own JE.DB.D in my registered account for income. I believe there was an announcement recently concerning these debentures where they were to be converted to shares. Can you explain what JE is doing and how it effects my investment please?
Q: Should there be concerns that JE will not be able to meet its financial obligations on this convertible debtenture?
Q: Should there be concerns that JE will not be able to meet its financial obligations on this convertible debtenture?