Cielo Waste Solutions Corp. V.CMC

Old JV cancelled due to no funds

[lscfa]

December 19, 2014 - Cielo also announces that it has terminated the joint venture agreement dated July 19th, 2014 (the “JV Agreement”) and previously announced on July 21, 2014 with a special purpose corporation (the “SPC”) to provide funding of up to CAD $10 million (the “Funding”) for the construction of the Company’s first 700 liter per hour (“lph”). Due to continued delays of the SPC to come up with sufficient funds to move the project forward, and despite repeated attempts and correspondences to remedy the issues associated with such delays, Cielo has decided to terminate the JV Agreement. “We are leaving the door open for the investor to rectify the situation if possible, but we cannot allow the project to stall, so we were left with no choice but to terminate the agreement to allow us to review other opportunities that are in front of us now”, stated Don Allan President & CEO of Cielo.

[DougInGreen]

I can't even verify if this is accurate but why would you post something negative from 2014?

[vitalina2233]

who cares   its almost 7 years ago   he sounds like an old wife bringing up the past

[hunterxjames]

Now you're starting to make sense and coming back to your senses. You still hate the catalyst coming from china, spewing shooting people? Have you find a canadian company that makes catalyst? Nope, there is no one. If there is one, it's an exclusive distributor  who imports it from other countries distributor . Well if i am cielo, id do the same thing , source out and buy straight

[lscfa]

Follow up on previous JV post. Proof that there is risk that the current JV partners can't get the funding.  https://stockhouse.com/companies/bullboard?symbol=c.cmc&postid=32895198

[DougInGreen]

This is still from 2019. Getting warmer. I don't see a connection to anything happening now?

[carterZ21]

Iscfa, Your post references proof that there is a risk the current JV partners can't get the funding......welll what information do you have that specifically illustrates that the current JV partners can't get the funding? Are you an involved in these negotiations? Are you a consultant working for Cielo or the JV partners? Do you work for a finance company that denied the funding

[RevT79]

This guy is a know to be a short and a basher!!! I think him and gcrap are the same person... but I migth be wrong. borh are for sure massive looser with missing screws in there head!!!