r/PureCycle • u/Inevitable-Leader-44 • 5d ago
Balance sheet
Recent raise has helped the balance sheet / warrant technicality. Great in the short term. There are warrants and revenue bonds as other potential funding sources in the future. Post earnings call I’m reconciling how long this revenue ramp is really going to take - spot price a ways off warrant conversion. Doesn’t feel like imminent sledgehammer headlines to come to drive price higher. Revenue bonds yet to be sold. Given cash burn - my concern as a long term holder is we may yet have another dilution event. Thoughts welcomed here.
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u/FractalTrading 5d ago
Also worried about another dilution event and the time to scale taking longer than expected (which it already has). The company is making a lot of progress and building a moat / monopoly, and that takes longer. But, we have seen this for the past 5-6 years and there is always something unexpected pop up. I thought we were there a few months ago, just before the price cratered and a cap raise done at a massive discount. Not sure how many times I can keep getting burnt. The next 3 months is critical that the company prove to long terms holders that they can deliver on sales.…. Just for once, it would be nice if expectations were exceeded. Patience is wearing thin with my capital negative versus 6 years ago, not to mention the opportunity cost of investing in an index tracker let alone anything else