$CLNV Turning Plastic Into Clean Energy
At times dilutions precede major corporate projects out of necessity. Clean Vision Corporation (OTC: CLNV)’s current predicament is a perfect representation of the necessity of dilution. As things stand CLNV’s subsidiary Clean-Seas (C-S), Inc signed a major agreement with Rob & Melani Walton Sustainability Solutions Service to create a new corporate entity Clean-Seas Arizona (“CSA”) which will oversee a new hydrogen energy facility that costs $50 million to complete. That said, if this project is successful, CLNV stock could soar due to a boost in notoriety and increasing revenues.
CLNV Fundamentals
RMWSSS Partnership
CSA’s primary function is to divert thousands of tons of plastic away from landfills, incinerators, and the ocean in order to convert it to hydrogen energy. By doing so, CSA could rake in substantial revenue for both CLNV and Rob & Melani Walton Sustainability Solutions Service. In order to do that, however, a large quantity of capital is necessary in order to construct CSA’s 100 TPD facility.
Normally micro caps are not able to execute major industrial projects like the construction of a hydrogen energy facility worth 50 million, however, CLNV’s partner makes it feasible. Rob & Melani Walton Sustainability Solutions Service is backed by the University of Arizona which is known for providing endowments north of $1 billion annually. Additionally, the terms of the agreement provide support by placing a lot of the heavy fiscal lifting on Rob & Melani Walton Sustainability Solutions Service.
Under the terms of the agreement, Rob & Melani Walton Sustainability Solutions Service will be charged with contributing the infrastructure required for this project, which is an extremely sizable chunk of the expenses required for any industrial facility. In exchange (C-S) will be charged with financial oversight, sight management, and providing a license for the use of CLNV’s intellectual property, which is the tech required to make this project possible in the first place.
Nearing The End Of Dilution
In the meantime, investors are anticipating the end of the ongoing dilution for CLNV to run as the dilution is mounting pressure on the stock price. With that in mind, the dilution could be over this week as CLNV’s IR – Frank Benedetto – shared that there are only 6.5 million shares remaining to be diluted. In this way, CLNV could announce new updates regarding its projects once the dilution is over which could send CLNV stock on a major run considering that it appears to have found a bottom near .024.
CLNV Financials
According to its Q1 2023 report, CLNV’s assets sharply increased QoQ from $377 thousand to $1.8 million. Its cash also increased from $10.7 thousand to $350.9 thousand. Meanwhile, liabilities increased as well from $1.95 million to $3.59 million.
Operating expenses increased YoY from $903 thousand to $1.4 million, which caused net loss to skyrocket from $1.06 million to $2.7 million.
Technical Analysis
CLNV stock is in a bearish trend and is trading in a downward channel. Looking at the indicators, the stock is trading below the 200, 50, and 21 MA which are bearish indications. Meanwhile, the RSI is approaching oversold at 36 and the MACD is neutral.
As for the fundamentals, CLNV could be preparing to share new updates soon once the dilution is over which could be as soon as this week. With the stock trading near its support, investors could find the current PPS a good entry point in CLNV stock ahead of new announcements.
CLNV Forecast
This may be an optimal time to go long on CLNV stock. With dilution nearly over, CLNV stock could rebound off its bottom as the company could share new updates once dilution is over. Given that dilution may be over as soon as this week, CLNV stock could prove to be a profitable buy at current levels in anticipation of more news.
CLNV Fundamentals
RMWSSS Partnership
CSA’s primary function is to divert thousands of tons of plastic away from landfills, incinerators, and the ocean in order to convert it to hydrogen energy. By doing so, CSA could rake in substantial revenue for both CLNV and Rob & Melani Walton Sustainability Solutions Service. In order to do that, however, a large quantity of capital is necessary in order to construct CSA’s 100 TPD facility.
Normally micro caps are not able to execute major industrial projects like the construction of a hydrogen energy facility worth 50 million, however, CLNV’s partner makes it feasible. Rob & Melani Walton Sustainability Solutions Service is backed by the University of Arizona which is known for providing endowments north of $1 billion annually. Additionally, the terms of the agreement provide support by placing a lot of the heavy fiscal lifting on Rob & Melani Walton Sustainability Solutions Service.
Under the terms of the agreement, Rob & Melani Walton Sustainability Solutions Service will be charged with contributing the infrastructure required for this project, which is an extremely sizable chunk of the expenses required for any industrial facility. In exchange (C-S) will be charged with financial oversight, sight management, and providing a license for the use of CLNV’s intellectual property, which is the tech required to make this project possible in the first place.
Nearing The End Of Dilution
In the meantime, investors are anticipating the end of the ongoing dilution for CLNV to run as the dilution is mounting pressure on the stock price. With that in mind, the dilution could be over this week as CLNV’s IR – Frank Benedetto – shared that there are only 6.5 million shares remaining to be diluted. In this way, CLNV could announce new updates regarding its projects once the dilution is over which could send CLNV stock on a major run considering that it appears to have found a bottom near .024.
CLNV Financials
According to its Q1 2023 report, CLNV’s assets sharply increased QoQ from $377 thousand to $1.8 million. Its cash also increased from $10.7 thousand to $350.9 thousand. Meanwhile, liabilities increased as well from $1.95 million to $3.59 million.
Operating expenses increased YoY from $903 thousand to $1.4 million, which caused net loss to skyrocket from $1.06 million to $2.7 million.
Technical Analysis
CLNV stock is in a bearish trend and is trading in a downward channel. Looking at the indicators, the stock is trading below the 200, 50, and 21 MA which are bearish indications. Meanwhile, the RSI is approaching oversold at 36 and the MACD is neutral.
As for the fundamentals, CLNV could be preparing to share new updates soon once the dilution is over which could be as soon as this week. With the stock trading near its support, investors could find the current PPS a good entry point in CLNV stock ahead of new announcements.
CLNV Forecast
This may be an optimal time to go long on CLNV stock. With dilution nearly over, CLNV stock could rebound off its bottom as the company could share new updates once dilution is over. Given that dilution may be over as soon as this week, CLNV stock could prove to be a profitable buy at current levels in anticipation of more news.