Cielo Waste Solutions Corp. V.CMC

Alternate Symbol(s): V.CMC.WT | CWSFF

Energy Oil & Gas Refining & Marketing

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.

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Cielo Waste Solutions Corp. > Sweetheart deal

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Comment by lscfaon Mar 16, 2021 3:41am

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Post# 32805557

RE:Sweetheart deal

It gers worse the more I dig.....Ceilo buys the original tech from Blue Horizon for $4.25 million plus assumed debt. Ceilo then sells the tech to 1888 (owned by CEO and the directors) for $2.00 (not a typo). 1888 spends $2.5 million to improve the tech and licenses it back to Ceilo for outrageous royalties. The improvement included a hot oil boiler which did not work. Ceilo (not 1888) spent a lot of money tinkering until they abandoned the hot oil boiler and went with an electric boiler. Shareholders should be demanding that 1888 reduce their outrageous royalties for delivering a faulty design forcing Ceilo shareholders to spend money fixing the boiler design.

lscfa wrote:

Ceilo sells the original tech to directors for peanuts. They spend $2.5 million to improve tech and license it back to Ceilo for $2 million per 4000 lph plant. This stinks.