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Cielo Waste Solutions Corp. V.CMC

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

Cielo Waste Solutions Corp. is a Canada-based waste-to-fuel environmental technology company. The Company's business model is to source waste feedstock from industrial producers and other suppliers and convert the feedstock into valuable fuels. The Company's Thermal Catalytic Depolymerization (TCD) process converts waste feedstocks, including plastics, rubber, organic material, and wood derivative waste into valuable fuel. Its facilities are designed to operate with no harmful emissions and through the conversion of waste-to-fuel, it can help reduce methane emissions from landfills, as well as reduce reliance on imported biofuels made from agricultural products. The Company’s Aldersyde Demo Facility is located approximately 25 kilometers south of Calgary, features a 2.5-acre site and a plant which provides proof of concept that can convert wood waste biomass to fuel.


TSXV:CMC - Post by User

Post by captwadeon Jun 16, 2021 1:57am
689 Views
Post# 33393910

I think I've seen this movie before.

I think I've seen this movie before.You may not like the ending.

If you hold shares in Cielo you may want to check out an article in Seeking Alpha dated May 21,2021.entitled,' Cielo waste solutions: related party JVs mask financial vulnerability".

Among the many highlites;  As early as June 2014 Allan claimed Cielo would be commercial by fall with a 700l/h plant and there would be 12 plants generating $130M in EBITDA within 2 years. or the fall of 2016. So, seven years later Cielo has recorded $1.5m in sales in a truly laughable deal.
The highly touted deal was supposedly for 900k litres at a cost of $1.5m and the customer prepaid. Wow, what a deal.
In actual fact however the customer was "incentivised" as Allan put it by giving them 3,750,000 2 yr. warrants at $0.135 making them immediately worth over a million as the share price was $0.41 at the time. Cielo also paid a commission of $75,000. to a broker, who also happened to be the purchaser.

Any shareholder should make this article a part of their DD.  I sold last week.


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