Cielo Waste Solutions Corp V.CMC

Alternate Symbol(s): V.CMC.WT | CWSFF

Utilities Utilities - Independent Power Producers

Cielo Waste Solutions Corp. is a waste-to-fuel environmental technology company. The Company is focused on converting waste feedstocks, including organic material and wood derivative waste to fuel. It owns an exclusive license in Canada for patented Enhanced Biomass to Liquids (EBTL) and Biomass Gas to Liquids (BGTL) technologies and related intellectual property, and an exclusive license in the United States for creosote and treated wood by-products, including abundant discarded railway tie feedstock. EBTL is a patented process to integrate gasification, hydrogen generation and Fischer-Tropsch conversion of biomass to produce fossil-free renewable and net-zero carbon intensity fuel. BGTL process utilizes a gasifier to convert cellulosic biomass into bio-syngas (hydrogen and carbon monoxide), which is then converted into synthetic paraffinic diesel (SPD) through Fischer-Tropsch Synthesis. It is also focused on the development of its Thermal Catalytic Depolymerization (TCD) process.

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Cielo Waste Solutions Corp > convertible debt

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Comment by lscfaon Mar 30, 2021 3:24pm

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Post# 32907621

RE:RE:RE:RE:convertible debt

I am pissed at Ceilo mgmt. The moron that negotiated that financing deal should be fired.

ctychiro wrote: What does it have to do with the investors of the debenture? Why would they give a refund? Why not be pissed at Cielo for putting the deal together? That 3 yr 15%/yr was paid up front in shares, plus warrants, and when it's converted averages out at 0.045 per share for the deal. No one would have expected this sort of run. I'm glad Cielo has done so incredibly well though and fully believe this company has a huge future. Exciting times for Cielo!

lscfa wrote:
Convertible debt all converted? The holders were prepaid 3 years of 15% interest and converted it all after 1 year. The mofos own us a refund of 2 years unearned interest.

As of January 31, 2021, the company has issued a total of 4,694.6 of the C Debentures.

Between February 1, 2021 and March 25, 2021, Cielo issued 74,735,899 common shares pursuant to the conversion of issued and outstanding convertible debentures, issuing: 30,880,000 common shares at $0.05 per share for an aggregate of CDN $1,544,000; 28,899,999 common shares at $0.06 per share for an aggregate of CDN $1,734,000; 7,587,500 common shares at $0.08 per share for an aggregate of CDN $607,000; and 7,368,400 common shares at $0.10 per share for an aggregate of CDN $736,840.

lscfa wrote: Series C even worse. 3 years of interest prepaid. mgmt should deny early conversion.

The C Debentures bear interest at a simple rate of 15% per annum, the initial three (3) years of interest prepaid (the “B Prepaid Interest”, together with the A Prepaid Interest and B Prepaid Interest, collectively the “Prepaid Interest”) on the date of issuance of the C Debentures (the “C Issue Date”) by the issuance of common shares (the “C Prepaid Interest Shares”, together with the A Prepaid Interest Shares and B Prepaid Interest Shares, collectively the “Prepaid Interest Shares”) at a price of $0.07 per C Prepaid Interest Share

lscfa wrote: 2 years of interest was prepaid at issue date so converting early is highway robbery. Mgmt should ask for a refund of unearned interest paid.