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Bullboard - Stock Discussion Forum Cielo Waste Solutions Corp. V.CMC

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

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... see more

TSXV:CMC - Post Discussion

Cielo Waste Solutions Corp. > Trading at 0.92 CAD Equivalent in Frankfurt
View:
Post by sam2100 on Apr 07, 2021 3:21am

Trading at 0.92 CAD Equivalent in Frankfurt

Keep in mind volume is light.
Comment by Yehoot on Apr 07, 2021 4:03am
About 97k shares traded by 10am Frankfurt which is heavier than previous days at this time. Bear in mind that the bid-ask spread in Frankfurt is 3-4 eurocents (4.5-6 canadian cents) so on quiet days it looks like it may be going up or down before the Canadian open but it can just be a retail investor (like me) is hitting the bid or ask.
Comment by sam2100 on Apr 07, 2021 4:13am
True enough. CSE drives OTC and Frankfurt. I would look forward to the day when the NASDAQ is the primary exchange.
Comment by Yehoot on Apr 07, 2021 4:17am
And by the way - what an interesting company that Cielo is! I've never traded penny stocks as I prefer to invest longer term and this is the first Canadian stock that I've bought. Unfortunate that I had to do it through Frankfurt as that bid-ask spread hurts. I'm pretty excited if everything works out, it's a high risk (although this risk could decrease significantly over the next ...more  
Comment by sam2100 on Apr 07, 2021 4:25am
Hey Yehoot, I'm also a long term investor as well. Cielo has a lot going for it.  They do need to fully prove their technology however they have made excellent progress with this during the last few months.  IMO this is where the risk is.  Wind is at their back with the world wide green movement. I noted the bid/ask spread in Frankfurt, sometimes it's .06 Euro............ ...more  
Comment by Yehoot on Apr 07, 2021 5:48am
I'm British but based in the Netherlands. Yes, I think this next few months is the risky bit as this is venture capital type investment that could go straight up or straight down - but if the technology can be proven more then it can really take off. Management looks reliable from the desk research I've done, company has a competitive advantage at the moment and patent license looks to be ...more  
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