Clean Vision Corp (CLNV)

[old man river]

I heard the entire presentation and I have mixed feelings on what I heard.

On the positive side, no more dilution is great news. The focus on plastics and MSW is better but it comes at some cost to divest of 100 Bio.

The up listing should attract better liquidity and upwards price potential. However, an audit for a company of this size only verifies the financial statements prepared by management. Accounting rules generally cannot include future revenues from projects.

Depending on whether or not notes are prepared to the statements the best that could be said is that there are LOI's without any testing for the quality of the LOI's.

Dan did mention the work on the Congo project but it was clear that there are some hurdles given the Congo economy and politics.

As for Ecuador, nothing was mentioned on the status of the funding for the three projects. Without the funding in place, GGII will not start any work.

A pyrolysis system takes longer to fabricate and ship than it does to build a building or erect the equipment. From friends that I know, a system of the proposed size would be about 12 from the date of real funding. It would take a couple months to put it all together. So, from a practical viewpoint, it will be January 2023 when any revenue comes in.

We still do not know the structure of the Ecuadorian deals on what happens with the pre-tax cash flow. With $ 13 or so million in revenue, my guess is that there is about $ 5 million in pre-tax profit. If we assume no taxes or depreciation expense, it should leave about $ 2 million after debt service cost. Hmm.