GREY:XEBEQ - Post by User
Post by
tamaracktopon Jun 01, 2022 8:02am
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Post# 34722500
Why do you still own this?
Why do you still own this?Some excerpts from the company's 2 most recent press releases... VANCOUVER, BC / ACCESSWIRE / April 18, 2022 / Cielo Waste Solutions Corp. (TSXV:CMC)(OTCQB:CWSFF) ("Cielo" or the "Company"), a waste-to-fuel environmental technology company, today announced that Chief Financial Officer ("CFO"), Ms. Stephanie Li, has advised the Company of her decision to resign from Cielo to pursue other interests. Aldersyde Facility Operational Update
Cielo continues on its previously stated plan for the development projects at the Aldersyde Facility and the Fort Saskatchewan Research & Development ("R&D") Facility. The R&D Facility is expected to be commissioned in August 2022 and the Aldersyde Facility Phase-II project remains on target for commissioning in September 2022.
Less than a month later:
VANCOUVER, BC / ACCESSWIRE / May 12, 2022 / Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) ("Cielo" or the "Company"), a waste-to-fuel environmental technology company, today announced a revised capital allocation plan to meet its commercial waste-to-fuel facility development goals. The fiscally prudent measure to pause Aldersyde Phase II development is being taken to mitigate the inflated cost of materials, equipment, labour, and services in the current market.
"Recently issued pre-construction cost estimates of approximately $18MM to $20MM represent an increase of at least fifty percent, with further escalation a distinct probability"
This company has no revenues and no money
Sell it now and colour it history.
It's going to zero.