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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?
- 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?
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