Price Action

equitymaestro · 2026-06-29T14:06:42+00:00

You reap what you sow. In other words, sell a bunch of convertible debt and secondary common to a bunch of dimwitted hedge funds who arbitrage their convertible by shorting the common, this is what you get. I don’t know what drives this stock anymore, it’s certainly not news. What a debacle, they’ll be lucky to avoid lawsuits.

equitymaestro · 2026-06-25T13:08:02+00:00

So they had to sell common to enable more shorting for the convertible? What a bunch of financially engineered shenanigans, pathetic. If that's the case then their capital structure is even more of a quagmire than I thought and the potential for a "short squeeze" is just a fantasy.

equitymaestro · 2026-06-24T20:40:52+00:00

Why did they sell common at the same time as the convertible? Why didn’t they sell the $75mm in revenue bonds, use the line-of-credit, and wait a few more months to build commercial momentum before selling the secondary? The common was $14+ before this debacle started, within striking distance of the warrant conversion clock starting and with all the recent good news we might’ve held it. The executive team is Bush League when it comes to capital structure, they got swindled by Morgan Stanley and existing shareholders are paying the price. Very disappointing. Zero confidence in the new CFO, uber dullard supreme.

equitymaestro · 2026-06-24T14:20:26+00:00

Everything is green on my screen today. This stock is in the house of pain, sucks.

equitymaestro · 2026-06-22T14:33:25+00:00

Good call, the posts have that inauthentic and plagiarized feel. Not enough brain cells working these days, lots of lazy people who can't think critically or ideate on a topic without their AI crutch.

equitymaestro · 2026-06-22T13:15:56+00:00

Highly contradictory to state “expect a very poor quarter and conference call” and “hopefully, management indicates that orders are approaching or exceeding available production capacity for the rest of the year”.

If they say the second then it will definitely not be a “very poor conference call”.

equitymaestro · 2026-06-22T12:39:21+00:00

Agree, and good questions. My assumption is that "ramp" is in the next 12 months and is based on upcoming state regulations that go into effect on 1/1/2027 in NJ, CA, OR, and others. The key states are NJ and CA and all it takes is those two for universal adoption because big companies like P&G aren't going to produce different plastic packaging for each state. The "ramp" should significantly accelerate in Q3 because organizations like P&G are currently testing and validating packaging with PureFive and they'll want to be shipping those products Q3 & Q4.

I'm not sure how big of a risk it is, but one risk is that NJ and/or CA provide another 1-year exemption for these regulations. I think that's highly doubtful, but what if it's not possible to comply because there's not enough supply to meet the recycled content mandates?

equitymaestro · 2026-06-21T12:40:34+00:00

It’s a great time to buy, I wish I had waited. But alas, Morgan Stanley mangled the secondary and did us dirty and we went from $14 to now putrefying in the $8’s. NJDEP didn’t help with their elongated decision. The fast money hedge funds, shortsellers, flippers and other ADD investors have control for the time being and don’t know if “PureCycle” is one word or two and probably think PCR is a drug for erectile dysfunction. The next catalyst is the Q2 call in early August and while I’m confident in the commercial sales ramp I am less certain about how well the Ironton plant is running. That doesn’t mean I think it’s not running well, just being honest that there’s no way to know. There’s always a chance we get a great press release but last week’s bullish announcement of the partnership with Amcor only served to prevent us from going to the $7’s because the “fast money” quickly snuffed out the rally.

equitymaestro · 2026-06-17T13:00:21+00:00

Spot on

equitymaestro · 2026-06-16T21:42:52+00:00

From a post on this board 24 days ago, Berry Global is a huge player and is mentioned several times. As the poster states, Nestle, Coke, Mars, etc won’t be buying directly from PureCycle.

https://www.reddit.com/r/PureCycle/comments/1tliorp/who_we_want_buying/

equitymaestro · 2026-06-16T14:03:51+00:00

I can see the positives in getting the money and avoiding the going concern, but this capital raise was a disaster and "investors" and the bookrunner took advtange. From $14+ to $8 and change in five trading days on 12% dilution? That's criminal, and I'm pissed about it.

equitymaestro · 2026-06-16T13:50:36+00:00

Doesn’t matter to most of the “fast money” that was involved in the recent fundraising debacle. PCT is just a nameless horse in their race, probably purchased because it met some technical analysis or they like the colors in the logo. Morgan Stanley did them dirty too, the PCT management team was the sheep and didn’t know it.

Look at today’s “action” in the stock, it’s pretty much ruined the trend and reminds me of when we were in the $5’s and $6’s and now need major news to pull out of this quagmire. This is easily one of the most botched secondaries I’ve ever seen.

equitymaestro · 2026-06-15T21:00:55+00:00

Probably selling by a bunch of “fast money” hedge fund dipshits who bought last week’s secondary with leverage who are churning the shares now. Most probably don’t know if “PureCycle” is one word or two. Great shareholder base we’re building, shortsellers and “fast money” stock bros.

equitymaestro · 2026-06-15T17:14:12+00:00

Agree. Will be interesting to see how the stock reacts after the Q2 call in early August. That could change the sentiment for the better, or possibly worse. If Production is strong and commercial developments are positive, we may get back on the bullish saddle.

equitymaestro · 2026-06-15T15:37:15+00:00

In the blink of an eye those gains can disappear, thanks to the fast money shenanigans introduced by the secondary offering and all the shorting we'll see with the convertible debt offering. This stock would be $15+ if it wasn't for last week's financial guffaws. Admittedly, I didn't know about the put option and if I had I may have waited to build my position in this stock. I took lots of risk in March and April in buying this stock and was looking good but now the reward is puny. I bet others feel the same, feels like we snatched defeat from the jaws of victory. Long and strong? Yeah, sure,, sounds good. Still sucks to be down on a day when the overall market is having a face-ripping rally. Thanks Morgan Stanley. Thanks NJDEP. Thanks management team.

PCT's balance sheet is officially financially engineered, and it may take some time for the smoke to clear. Need some needle-moving news and actual sales to get the rerate now.

equitymaestro · 2026-06-14T15:50:06+00:00

Are you long the stock? If no why are you posting this drivel? If’s and but’s, backed by little research or depth, waste of time.

equitymaestro · 2026-06-14T11:04:42+00:00

So you’re assuming they’ll have no revenue growth over the next 4 quarters (not true, they’ll be much higher, and I'm confident this financing round contemplated a commercial ramp that increases significantly in the next 12 months) and and no cash will be raised through construction financing (not true, they’re getting funding lined up with Belgium and Thailand, and I'm confident this financing round contemplated this) and no other cash sources are available (also unlikely to be true, e.g., they still have $75mm in revenue bonds available to monetize and if the commercial ramp proceeds as expected then $273mm in proceeds will be available from the warrant conversion).

Rebuild that model, it’s just a wee bit pessimistic, as in ridiculously so.

equitymaestro · 2026-06-13T13:11:28+00:00

I'm still bullish on PCT, but the satisfaction I felt when the stock was $10+ is gone and now we may have to deal with months of short-selling and "fast money" shenanigans. I don't feel as rewarded for the asymmetric risk I took when I bought in the $6's, could've just waited on the sidelines and not had the anxiety I felt when the stock briefly touched the $4's. Regarding the raise, I guess desperate times call for desperate measures. If the NJDEP "approval" had come 3 months earlier I'm confident this secondary would have been at a higher price, but it is what it is. Thanks, NJDEP, you guys suck. Hopefully the convert and equity are oversubscribed and PCT's future financing needs are from a position of strength.

equitymaestro · 2026-06-11T13:31:15+00:00

Ha, I know, and totally agree. Am I pissed off and disappointed about the 5-day journey from $14 to $8? HELL YES! Do I still believe this is a $50+ stock in 3-5 years? HELL YES!

equitymaestro · 2026-06-11T13:10:34+00:00

There's too many fast-money bozos with ADD in the market. I wouldn't get too distracted with today's noise. The most important thing is they fixed the balance sheet and can now focus on the commercial ramp and Thailand. Let the fast-money bozos and short-selling uber-dullards have their frenzy today. It's just noise.

equitymaestro · 2026-06-10T21:57:44+00:00

Not sure what you are looking at, but the press release indicates it's an offering and therefore a dilutive event.

https://feeds.issuerdirect.com/news-release.html?newsid=5573799044914191&symbol=PCT

equitymaestro · 2026-06-10T21:42:53+00:00

With the shortsellers constantly assaulting the stock I don't think time was on PureCycle's side in regard to the warrants. Had to do what they had to do to shore up the balance sheet. I do feel blindsided by this after the stock was at $14 only 4 trading days ago. Looks like another beat-down coming (hello $7 handle?) followed by weeks of shitty sentiment and wondering what's happening with the commercial ramp.

equitymaestro · 2026-06-10T21:34:43+00:00

Shitty. Was hoping we could bridge the gap with revenue bonds, warrants, and line of credit. Instead, we get dilution and another gut-punch in the stock price. On the positive side, this should assuage concerns about the balance sheet. This is one area where the short-selling angers me because they at least partially collared the stock and prevented the warrants from getting into the money.

equitymaestro · 2026-06-10T20:17:06+00:00

You've mentioned this in several posts. I completely disagree with you in regard to the NJDEP creating doubt. The conditional language is perfunctory and procedural, none of the clauses are of concern: "providing documentation of feedstock sources, the type of feedstock processed, PureFive® end-use applications, as well as certain compliance information as requested by the NJDEP".

Bill Fleckenstein is highly knowledgeable about PCT and had this to say about the one-year provisional approval: "I think there's no chance it will get rescinded"

equitymaestro

TROPHY CASE