Qenta’s termination letter tries to rewrite three years of failure as “impossibility,” blaming opt‑in versus opt‑out disputes, third parties, and missing regulatory approvals. Yet it also admits the core problem: customers were never migrated, while Qenta remained in control of a portion of EPB customer assets and incurred costs as a de facto manager. It then proposes returning assets at September 30, 2022 receipt values while netting out reimbursements and “termination costs,” an approach that reads less like unwinding and more like self‑help accounting.
