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Cielo Waste Solutions Corp. V.CMC

Alternate Symbol(s):  V.CMC.WT | 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

Post by Maxmoeon May 06, 2021 2:27am
422 Views
Post# 33138669

Help me out with the deb issue

Help me out with the deb issue

Just seems strange to me.like something going on behind closed doors I don't know about. I haven't seen any discussion on the board here about 2 key factors.
1) the press release said the issue fees were $1.5 million. On a $10 million private placement to existing shareholders via FCF ( who?) ? That's 15% commish and 'costs'. Most bought deal equity financing of this size is done for 6% ish. 

2) by itself, I could dismiss the generous fees. But wtf is the deal with almost immediately converting the entire deal into stock? I REALLY don't get that. 

so combined it reminds me of the old poker saying. If you look around the table and you don't know who is the mark ...... it's you. 

can someone explain because I like the storyline but I don't know the cast. 

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