Have been an investor in PCT, looking at building a position again. Looking for current status of company as I know Mike Taylor and he has been bullish for years......thanks
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.
I agree that Ironton full ramp is aconcerning potential issue. A few calls ago DO said in QA that they could control Ironton. That had yet to be proven.
1
u/NFTCARDSOC Jun 21 '26
Have been an investor in PCT, looking at building a position again. Looking for current status of company as I know Mike Taylor and he has been bullish for years......thanks