RE:the question, is the risk worth it?When the warrants are exercised there could be some selling pressure for a bit due to profit taking. However, if the company can really deliver there could be much more upside. So in terms of timing it's tricky but I'm just going to hold and probably for a long time (not going to risk missing out on potential dollar per share gains vs potential short term tens of cents losses) - but this is a penny stock so anything could happen! And you never know about capital raises, even in a good scenario to expand, despite an asset light expansion strategy. No such thing as low risk with high returns.
By the way, I'm quite impressed with their investor relations strategy - consistently sending out regular updates to the market. Also the uplifting to the TSXV could help inflows. In my case as a retail investor in the Netherlands using one of the big platforms here, I have to buy Cielo through the pretty illiquid Frankfurt listing (100k - 200k per day volume with wide bid-ask spreads) currently. When it's uplisted I can get trades sent through to Toronto if I want. Looking at the listing requirements it should be a slam dunk for uplisting unless the TSXV thinks the business plan has no validity at all. Can't imagine it.