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Bullboard - Stock Discussion Forum 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... see more

TSXV:CMC - Post Discussion

Cielo Waste Solutions Corp. > I think I've seen this movie before.
View:
Post by captwade on Jun 16, 2021 1:57am

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.
Comment by Freedom1966 on Jun 16, 2021 2:38am
Old news bud ... maybe update your DD and re buy your shares before u miss the train !! Toot toot 
Comment by BCdude on Jun 16, 2021 10:08am
Thanks for this article. I decided to sell this morning. I may buy back in once CMC demonstrates they can actually deliver on promises. If this technology works as they contend, there will be plenty of upside left even at higher prices.
Comment by Freedom1966 on Jun 16, 2021 10:31am
That's to bad couple guys went on a tour yesterday and after the tour they are even more convinced it's REAL  and it's happening just matter of time sounds VERY promising can't wait 
Comment by ShannonWM on Jun 16, 2021 5:30pm
LOL Seeking Alpha, and you think they have any credibiility.   Everybody do your own DD do listen to all this BS. If I would have listened to the Financial experts Cielo was going to be a dismal failure.  If you anything about manufacturing and the process they need to get things fully commssioned, then you know they are the norm.  It was strictly mechanical and not the ...more  
Comment by gcap1 on Jun 16, 2021 6:21pm
LOL .....your a clown shannon......once again your capitano and the other hoolagens who are running this company are off loading their shares ! and have been for months ....none of them are buying anymore they are all just liquidating at this point  .... as in taking profits .....they don't need the money ....why sell? it's going to $8......and BTW not everyone who bought in this ...more  
Comment by Kanbaan on Jun 16, 2021 6:46pm
Thought you might of  done us all a favour and drank some drano . No not you , all you did was cover your short position at .85  ( LOOOOSSSSEEERRR) . How did that make you feel ,bet like a million bucks eh? As far as Don is concerned l'm sure that he also sold at other positions as well and Cielo has continued to move up in price. If this is your DD than good luck and get lost, you ...more  
Comment by RevT79 on Jun 16, 2021 11:55am
Lol !!! the shorts are back these 2 guys are together .... did you sold when the stock price was at 71? I hope sooooo !!! this article as no credibility at all as there is no author and they have very little follower and they are short on the stock....... Now go play in a different sandbox please!!!!
Comment by Mari2019 on Jun 16, 2021 12:35pm
More clowns to add to the ignore/block pile. Too funny. 
Comment by 2Clubs on Jun 17, 2021 1:03pm
Thanks Captwade. Once in awhile I find useful info like this on stockhouse. 2Clubs
Comment by RevT79 on Jun 17, 2021 2:46pm
Lol!!! shorts are back.... don't believe their bullshit!
Comment by gcap1 on Jun 17, 2021 2:51pm
Ralph wiggum whats going on ....HEY buddy you can blame your CEO for the shorts coming back to this PIGGY ....if hes gonna dump millions of shares on the open market and drive prices lower in the companys stock price then the shorts are gonna wanna be apart of that and short the shiiiit out of the stock cause hes gonna continue to dump his shares on the open market at this point .....your CEO is ...more  
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