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
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!