Just Energy Group Inc. 6.75% convertible unsecured senior subordinated debentures (JE.DB.C)

Just Energy Group Inc. 6.75% convertible unsecured senior subordinated debentures (JE.DB.C $47.00)
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Just Energy Group Inc. 6.75% convertible unsecured senior subordinated debentures (JE.DB.C $47.00)
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Q: I own $5000 face value of JE.DB.C convertible debentures and am not sure I clearly understand how their announced recapitalization plan will affect my holdings. I received 323 rights to purchase post consolidated shares at a price of $3.412 each. Based on the last closing price of the common shares $0.46 and the 1 for 33 consolidation today’s value of the post consolidated shares = $0,46 x 33 = $15.18 So do I understand correctly that they are giving me the right to purchase 323 shares which are today valued at $15.18 ea for $3.412 ea? Seems like a no brainer. What will happen to my debentures if I don’t exercise my right? (Deadline is Aug 28) What would you recommend? Thanks

Read Answer Asked by Steven on August 10, 2020

Just Energy Group Inc. 6.75% convertible unsecured senior subordinated debentures (JE.DB.C $47.00)
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Q: I own these Just Energy debentures that are trading around $.17 cents on the dollar. Where would you put the odds that this company ends up either filing for creditor protection or does a debt restructuring within say the next year.

Read Answer Asked by Steven on May 28, 2020