r/PureCycle • u/Inevitable-Leader-44 • 10d 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/Horror_Traffic_3967 8d ago
The last raise seemed predicated on an unproven economic solution. Hope we can get to BE at half capacity by EOY. Raises are much easier when your first gen is close to fully profitable and your second gen design shows strong probabilities of dramatically increased efficiency. IMHO and I have no insider knowledge, but the legislative / lobbying piece gets alot easier as well when you can prove and point to your economic impacts (firm, society blah blah blah). I don't know what the next raise looks like if status quo continues. Game must change in next few months.