Post by
sam2100 on Mar 16, 2021 3:30am
Cielo Corporate Structure
It's great to see that Cielo's executive team is fully aligned with the expansion in North America and globally.
The profit stream that is going to the executive team in relation to the investments is very reasonable as compared to how the senior executive teams of the large mega tech companies are compensated and how they maintain control of the companies.
Cielo's executive team have executed excellent terms for their plant expansion plans. We the shareholders are the primary beneficiaries of Cielo's expansion plans.....................
"The execution of this MOU was a culmination of negotiations between Cielo and RUEI over approximately the past two years. Cielo has previously announced entry into substantially similar memorandums of understanding (the “Existing MOUs”) with affiliates of RUEI (the “RUEI Affiliates”) as well as Seymour Capital Incorporated (“SCI”). Cielo has been advised by the principals of RUEI that, in order to accelerate and streamline funding of the Territories and the territories set out in the Existing MOUs (the "Existing Territories", together with the Territories, collectively the “JV Territories”), RUEI has acquired all of the rights and obligations of SCI related to its Existing MOU related to the territory of Calgary, Alberta, as well as SCI’s option to acquire a territory in the Province of Ontario (to be determined).
A joint venture resulting from the MOU would result in RUEI being responsible for fully funding the facilities in each of the eight JV Territories, at an estimated beginning cost of $50 Million CDN per facility. RUEI would also be required to pay a management fee of 7% to Cielo on all capital expenditures related to the project costs for the first facility in each Territory including a markup of 30% on the catalyst used in Cielo’s proprietary process of converting garbage to high-grade renewable fuel. The terms of the MOU are similar in nature to the Existing MOUs."