Invest careful, It is overpriced, was only 9 cents early FebI was looking into this company, was thinking to buy some shares and talked to a freind who invested with this company. He siad he sold all his shares las Friday after the big jump of the share price. He knows some of the insiders of the company, a insidor told him the company run into some technical problems, the insider also said technolody and finance are different things. the technolody may become productive and make money, sometime may never work out as people would think. After my freind talk to the insidor, he sold all his shares.
The company is not profitable, still kind of in experiment stage. may not even work out. that is the risk investors will take as someone in the company said. This stock was only 9 cents a share in early this Feburary, it got 1000 percent jump in 3 weeks. There is not much changes in the company. Last year investors of the compnay lost 65% of their investment with this company. please see the link.
How Cielo Waste Solutions (CSE:CMC) Shareholders Saw Their Shares Drop 69%
So I decided to wait a bit and see, don't want to buy hight and sell low.