Co2 Solutions Inc COSLF

Industrials Pollution & Treatment Controls

CO2 Solutions Inc is a Canada-based firm engaged in the development of proprietary technologies for capturing and producing of carbon dioxide. The company is focused on commercializing an enzyme-based technology for efficient CO2 capture from various industrial flue gasses for reuse or sequestration. The company's technology has various industrial applications, such as enhanced oil recovery, pulp and paper, water treatment, greenhouses, beverage carbonation, and other uses. Most of its revenue comes from the Canada market, while it also has a presence in the United States and European countries.

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Co2 Solutions Inc > Any news on the CST money raise??

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Comment by Co2Harveston Dec 20, 2017 5:11pm

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RE:Any news on the CST money raise??

I don't know why this information wouldn't be made available by either Echelon or CST (maybe it will after an audit!). I can't help but think that Echelon should have no problem selling at least 1500 units. $1.5M is peanuts, and in my view it would be embarrassing for the offering to fail for both parties. Hopefully we will see some confirmation, though.

JoeMess wrote: The recent CST monet raise attempt was to offer '$1000.00 units' which were essentially notes that bear 8% interest and include a warrant to buy 8333 shares of CST at .12/share. The goal was to raise between 1.5 and 2.5M, This was supposed to close yesterday. DId it?

I cant imagine that anyone would value that warrant for much considering the stock value is currently 30% below the warrant strike price.

If the funding deal didnt close - this will be very bad news for CST.

Does anyone have any info?

I think it is time for a management shake up - starting at the top with the ejection of Evan Price. Really this company needs a management reorganization that brings in soeone able to raise money in the private sector.