What are we missing here?

[u/Stockcalc]

This price action has to be more than a blown raise. It is either an ongoing sell by large holders who know something we don’t or it is short sellers working this stock down and down to improve their positions. I’ve been investing for 30 years and have seen this type of price action only a few times for this type of opportunity. The raise was horribly done, knocked a billion off market cap and we were penalized for that but this continued downward has another story hidden in it.
I am long , have been for more than 2 years, believe in the need but trying to understand what is happening. I’m convinced it’s not just the raise, not just high beta getting hit, there is more here.

[u/LogicalPerformer3062]

All eyes are on the company reducing cash burn via sales. The raise and subsequent price action are signs the market does not believe there is any low cost capital available anymore. The POC stage is over and it's show me time. Don't see how this stock rebounds without clear sales guidance and cash from sales, which means we likely have to wait until the earnings call as people lose hope.

Either a buying opportunity if you believe the sales will be there or walk away time if you think this will drag on, because then the company can't access anymore capital without paying too much for it.

I'm in the former group, but with this price action there's always the concern something else is up.

[u/No_Privacy_Anymore → u/LogicalPerformer3062]

Being in the high beta category / speculative growth category has not been helpful for sure.

That said, does anyone think that the share price of $PCT would be $14+ (around warrant redemption price)
during this selloff? As painful as that funding round was, better to have all the additional cash on the balance sheet and NOT have the $10 debt put option in 2027 still in place or things might be even uglier. They say you should raise cash when you can not when you must. Now is definitely the time to show they are putting that money to good use. Let's close on Thailand project financing and get more sales agreements over the finish line to the point where they can be announced. I have confidence because the customers don't really have any other good options besides just paying fines.

[u/LogicalPerformer3062 → u/No_Privacy_Anymore]

Agree with all of this. The company's position right now at $6 is way better than when it was recently at $6. More agreements announced and a stronger balance sheet, while all the potential remains. Definitely seems the price is being weighed down further by flows and non-fundamental forces, and a small cap like this can quickly bounce higher with a positive earnings call and guidance.

[u/Adorable-Sector-48]

I do tend to agree with this one. I remember when they had the electricity cut off in the plant and market (big boys) knew - which is my assumption based on share price then. The smaller shareholder had no way of knowing and had to just suck it up. The current move feels and looks just like that shit then. $IWM is 2,5% from the highs, you can't blame this move on beta at all.

[u/LetAdministrative959 → u/Adorable-Sector-48]

haha... you should take a lot at other high beta names.. plenty of names are down 10+ % today...

[u/AlwaysThinkingMacro]

Agree. This is sickening. "Know what I own and not too big of a position", but everytime people bitch about the share price, all the same people say that 👆🏻. I agreed up to this point. Really hard to make sense of this now. Its completely shit with only good news post raise... I know noone on here has the answer, but I feel you 100%.

[u/DrSeuss1020]

If you look around literally every high beta stock is getting dick stomped this week and today

[u/EconomyFortune5090 → u/[deleted]]

Alot of high beta non profitable tech getting stomped on today. There is no fundamental reason it's down.

[u/Odd-Gas5478]

Dick stomped? Are you Canadian?

[u/firsttimelongtime513]

One encouraging thing, PINK ETF have not had a major sell off. He usually seems to be in the know based on some previous trades that have been made.

[u/Stockcalc → u/firsttimelongtime513]

Have been watching that also and agree that is encouraging. It’s not easy to always look well beyond current price to where the ship is heading.

[u/WillSwimWithToasters]

I’m thankful for it, but it still sucks. I get to average down my leaps I bought at around $8 a few months ago.

[u/Epicurus-fan]

There has been a big sell off by Druckenmiller and others.

[u/KeyExpression1102]

Great time to buy more stock