Bullboard - Stock Discussion Forum 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... see more

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Cielo Waste Solutions Corp. > Frankfurt delisting

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Post by Yehoot on Jul 14, 2021 5:18pm

Frankfurt delisting

Hi any european investors in this board, I got a message from my broker that Cielo is getting delisted by the frankfurt exchange. From tomorrow I can't buy shares on there and I have until 18 August to sell my shares. This is due to Cielo not having a Legal Entity Identifier number. I've asked the company if they are going to apply for one to remain listed, am waiting for a response and will post here if I hear anything. Don't want to have to sell and then buy on the tsvx with such a volatile share price, the chance of a significant news release coming out and a capital gain tax exposure to needlessly arise. Volume wise its not so important at the moment for the company to remain since exchange uplisting (as only 167k shares traded on frankfurt today).

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Comment by checkup on Jul 15, 2021 10:53am

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Comment by GroovyMotion on Jul 15, 2021 11:00am

Yeah but he's mentioning that they are being delisted, that can’t be good?

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Comment by vitalina2233 on Jul 15, 2021 11:05am

why cant this be good? What do we need to bother spending money over there when were about to be listed on the tsx-v then TSE then Nas I have no problem with it

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Comment by vitalina2233 on Jul 15, 2021 11:14am

i'll email i.r.

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Comment by vitalina2233 on Jul 15, 2021 11:36am

Lionel is on vaction until Sunday July 18th so i emailed info@investor3.ca

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Comment by Yehoot on Jul 15, 2021 12:03pm

I'm still waiting for a reply from the company. I like frankfurt as it's easier for me to trade with my system than with my broker's tsxv functionality. For me (and some other european investors) it is a convenience issue (with regards to admin and we couldn't previously trade cse shares so built our positions up over time). For the company it's not a big deal, frankfurt ...more

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Comment by checkup on Jul 15, 2021 11:12am

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Comment by downtozero on Jul 15, 2021 11:21am

There's no news about this on the Frankfurt exchange and it shows it's still trading. This should be a "don't care" as far as stock price is concerned. It's likely due to the delisting on CSE and listing on TSX-V that there's some legal change needed for the other exchanges. Anyone on teh Frankfurt exchange can always shift to the TSX-V.

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Comment by Yehoot on Jul 15, 2021 12:24pm

It's not bad or inconvenient for you unless you trade there. It's delisted (along with loads of other stocks) due to a regulation which is messy. I wouldn't be surprised that now with tsxv volume picking up so much that they don't bother with frankfurt due to costs but i would like it if they kept it for convenience. No real impacts on share price.

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