Post by
odzie1 on Sep 10, 2021 8:15am
Captainwade
Prime shithawk. Biodiesel now 2.10 litre. Don Allan, President and CEO of Cielo, stated, After several years of advancing our waste to high grade renewable fuel technology, we are finally in a position to start reaping the rewards of our efforts. These revenues are expected to put Cielo into immediate positive cash flow and may also open up additional non-dilutive financing opportunities for Cielo should they be required. Mr. Allan continued, We are very excited to share with the world our lucrative way to convert multiple waste streams, including all plastics, into high-grade renewable fuels, that we believe can command a premium price to both conventional diesel and biodiesel. Our anticipated cost of approximately $0.90 per litre would allow for healthy margins and we are confident that we can reduce costs even further as a result of our commitment to increasing production levels as we progress. This is truly a milestone in the long journey for Cielo and its shareholders and we are pleased to prove to the world that we are here to stay and make a serious effort to help with the world garbage crises.
Comment by
Differentfleas on Sep 10, 2021 8:23am
Was this before or after he sold his 2 million shs???
Comment by
Differentfleas on Sep 10, 2021 8:26am
Sorry i meant the 4 million shs in mid June