creede
4 년 전
I'm confused...
Commerce Energy Sheds Name to Begin Operating Under the Just Energy Brand
HOUSTON, TX--(Marketwired - April 03, 2017) - Just Energy is pleased to announce that, effective April 1st, 2017, subsidiary Commerce Energy has re-branded as Just Energy. The change represents a transition in name only, and does not affect the status of existing customer contracts, business licenses, or any other legal documentation.
Why the need to start a whole new company/ticker?
Is that even legal? To just dump all the shareholders of CMNR and move to a new shell?
ErnieBilco
4 년 전
Per that same 8K
Following the conclusion of the Special Meeting, the Corporation’s sole director and sole remaining executive officer asked the
Corporation’s registered agent in the State of Delaware to resign without designating a replacement. This action was consistent with the
Corporation’s previous disclosures as set forth in the Proxy Statement as to what actions the Corporation intended to take if the Corporation’s
stockholders did not vote to adopt the Plan of Liquidation at the Special Meeting.
Accordingly, on August 4, 2009, the Corporation’s registered agent in the state of Delaware resigned without designating a
replacement. As a result, pursuant to the Delaware General Corporation Law, the Corporation’s charter will be forfeited 30 days after such
date. Following the effectiveness of the forfeiture of the Corporation’s charter, with the exception of the activities noted in the next sentence,
the Corporation will suspend all business activities. Pursuant to the Delaware General Corporation Law, the Corporation shall be continued for
three years after the effectiveness of the forfeiture, or for such longer period as the Delaware Court of Chancery shall direct, for the purpose of
prosecuting and defending suits, whether civil, criminal or administrative, by or against the Corporation, and enabling the Corporation to
gradually settle and close its business, dispose of and convey its property, discharge its liabilities and distribute its remaining assets, but not for
the purpose of continuing the business for which it was organized or any other business. Any legal action commenced by or against the
Corporation during this three-year period will not terminate by reason of the expiration of such period.
In addition, the Corporation anticipates that its sole remaining director and sole remaining executive officer will resign within 30 days
of August 4, 2009, as each previously indicated he intended to do if the Corporation’s stockholders did not vote to adopt the Plan of
Liquidation at the Special Meeting.
creede
4 년 전
I answered my own question.
Commerce Energy Sheds Name to Begin Operating Under the Just Energy Brand
HOUSTON, TX--(Marketwired - April 03, 2017) - Just Energy is pleased to announce that, effective April 1st, 2017, subsidiary Commerce Energy has re-branded as Just Energy. The change represents a transition in name only, and does not affect the status of existing customer contracts, business licenses, or any other legal documentation.
Just Energy acquired Commerce Energy in 2009 and operates in California, Georgia, Ohio, Michigan, Illinois, New York, Delaware, New Jersey, Pennsylvania and Maryland. As part of the Just Energy family, customers can continue to enjoy the high quality of products and service that they have come to expect under the Commerce Energy moniker.
"Just Energy was established in 1997 and serves customers in several markets across the United States, Canada, the UK, and more recently, Germany," says Deb Merril, Just Energy's co-Chief Executive Officer. "Our effort to re-brand under the Just Energy name reflects the desire to unify our companies under a common identity, and serve customers with greater efficiency and consistency as we continue to grow our footprint. Commerce Energy customers can continue to rely on our commitment as a Trusted Energy Advisor to deliver greater convenience, value and control through a wide variety of energy management tools that address their evolving energy needs."
All Commerce Energy customers will receive notification of the name change. Billing processes will remain the same as the local utility will continue to bill customers (with the exception of Georgia where Just Energy will bill customers directly) and respond to any emergency situations. The only difference is that Just Energy will be listed as the natural gas and/or electricity supplier on the bill.
About Just Energy Group Inc.:
Established in 1997, Just Energy (NYSE: JE) (TSX: JE) is a leading retail energy provider specializing in electricity and natural gas commodities, energy efficiency solutions, and renewable energy options. With offices located across the United States, Canada, the United Kingdom, and Germany, Just Energy serves approximately two million residential and commercial customers providing homes and businesses with a broad range of energy solutions that deliver comfort, convenience and control. Just Energy Group Inc. is the parent company of Amigo Energy, Commerce Energy, Green Star Energy, Hudson Energy, Just Energy Solar, Tara Energy and TerraPass. Visit justenergygroup.com to learn more. Also, find us on Facebook and follow us on Twitter.
Contact Information:
Media Contact:
Just Energy
Al Shulman
Vice President, Marketing
Tel: 905.670.4440 x74469
ashulman@justenergy.com
https://www.globenewswire.com/news-release/2017/04/03/1086849/0/en/Commerce-Energy-Sheds-Name-to-Begin-Operating-Under-the-Just-Energy-Brand.html
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