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Cielo Waste Solutions Corp. V.CMC

Alternate Symbol(s):  V.CMC.W | CWSFF

Cielo Waste Solutions Corp. is a Canada-based waste-to-fuel environmental technology company. The Company's business model is to source waste feedstock from industrial producers and other suppliers and convert the feedstock into valuable fuels. The Company's Thermal Catalytic Depolymerization (TCD) process converts waste feedstocks, including plastics, rubber, organic material, and wood derivative waste into valuable fuel. Its facilities are designed to operate with no harmful emissions and through the conversion of waste-to-fuel, it can help reduce methane emissions from landfills, as well as reduce reliance on imported biofuels made from agricultural products. The Company’s Aldersyde Demo Facility is located approximately 25 kilometers south of Calgary, features a 2.5-acre site and a plant which provides proof of concept that can convert wood waste biomass to fuel.


TSXV:CMC - Post by User

Comment by Speedyon Mar 03, 2021 10:56am
286 Views
Post# 32704558

RE:Re: Nrws releae

RE:Re: Nrws releae

0% loan. Huh. You missed the part where they pay 800k and 700k in fees. That's 1.5 million. That's 15% fees. 15% interest is huge and it's a fee so their not able to pay down a loan with monthly rates quicker to save money. 

Doesn't look like a very good deal to me, and a portion of it is to pay off another secured lender. If their paying 15% on this money I wonder what the secured lenders rates are at this time. 20%. Mise well have applied for a credit card. 

Money right now is as cheap as it's ever been so to pay 15% fee is expensive and if they are not able to pay it back within 12 months, chances are their going to have to refi at an even larger rate. 

I don't like the terms, although it's not about what I like. It's about if the market likes it and the stock goes up. That's all I care about. 

A non interest bearing loan, only upfront fee of 1.5 million able to be paid back at any time without penalty in their statement. Who in the right mind takes a fee loan out for 12 months with no monthly accrued interest and pays it back early. Is that smoke and mirrors in the statement. Gees. 

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