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 > This is a lame BOD

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Comment by Co2Harveston Apr 11, 2019 10:19pm

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Post# 29616488

RE:RE:RE:This is a lame BOD

I understand that the cost overrun was not planned for. That's a risk management issue. The $700k will help a little but we don't know when they will start seeing that money. From that perspective, curtailing operations to stop the burn was smart but I hope they resume sooner than later. Inventys got $90M CAD $68M USD). That will give them a huge avantage over CST. CST needs probably around the same amount to scale up in any meaningful and expedient way. It's time for the board and special committee to shine.

HyperCube wrote: They didn't know they were running out of cash a year ago. There were costs over runs of about 2 million dollars at the St-Felicien project. If that had not happened, they would have 2 million dollars more than what they have now. And they will soon be receiving about 700,000$ per year from Resolute and Serres Toundra. Not enough to run a profit, but that would very significantly reduce their cash burn rate.

Co2Harvest wrote: I'm starting to see it your way. They are effectively not in business at the moment and any other company in that situation would consider it a crisis. Without details we are guessing. Maybe they waited too long (they knew they were running out of money a year ago) to look at options OR they have a bunch of good options and they need focus time. Who knows. We don't know how quickly the special committee is working, either. For all we know, we might get an answer in a month OR we have to wait for the annual - and special - general meeting in six months to vote on an outcome but in my view it shouldn't take 6 months. That's just burning time and allowing the competition to take the lead. Are they in this to win ir? Time will tell.

wdr522266 wrote: After years of zero PR they are finally looking to find some people that could influence this company.I guess better late than never.Like i've said a hundred times they need an industrialist type to move this company along.I guess the free Government money train has run out that they thought would always be coming.We can only hope they didn't blow all the cash and can hire a REAL business person that will lift this company out of the doldrums.
wdr2