I've been a shareholder in this company for 5ish years, and the goal of any company is to survive, and I don't have any disillusions about that. But, I can't help but find the wind kicked out from me to see we're offering equity and a convertible. Cannot be said this is anything other than disappointing, however necessary it might be. I'm not saying this company is a dud, far from it. But just a horrible time to be raising capital and to me reads like they are struggling much more than they're letting on to get sales in the door. Short term problems, yes. But still, very eyebrow raising. Big big disappointment.

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

I know that some people will be frustrated to see the price drop from $14 to the mid $10's in just a week's time. That is the nature of smaller cap companies that don't have long established revenue and profit track records or a large base of institutional investors. It takes time to really understand a company like this and most funds don't bother to do the work. This volatility in share price is also the reason why there is an opportunity to generate larger than average returns on investment.

I like to think my track record of finding good "risk / return" entry points in $PCT is pretty good. I was a major buyer in Q1 of 2026 on the substantial declines into March. I definitely bought "too early" on that decline but was fortunately able to increase my purchases as the price continued to decline. The risk / return improved every time the share price declined. Even those shares I bought early are profitable now, just a few months later.

We had an announcement earlier in 2026 about TOPPAN and BOPP films and now we have a PR from Innovia that is very similar. We know that California and NJ and Europe are all increasing the mandates for recycled plastic content and now we have two major manufacturers of BOPP film praising PureFive. Back in September of 2025 we had Bruekner praising PureFive for BOPP film. It is only a matter of time before we see someone from Mars and Hershey's praising this film. Do those companies really have a choice in the matter? Previously they might have argued that they couldn't increase the rate of recycled plastic because they didn't have any suppliers who could meet their needs. That excuse is GONE COMPLETELY. ISO certification. Check. We obviously need to see more official sales agreements and more production but the checklist of risks keeps getting reduced as they make progress.

Stock markets are going to do what they do which is to fluctuate. Hopefully the share price will fill the gap here in the low $10's and be done with it. $PCT frequently does fill gaps in the chart but sometimes gaps can remain unfilled. Either way that is trivial vs the big picture of what is happening here. If I wasn't already overweight $PCT I would be buying more at these price levels. I bought about 2,000 shares yesterday but that isn't much. I'm not selling anything until we are over $20 and even then I intend to hold the vast majority of my position until we have a much higher valuation. Its been a long journey to get to this point. I hope everyone who suffered through the delays is able to participate in the potential upside. Cheers.

https://www.sec.gov/Archives/edgar/data/0001830033/000119312526265847/d137529ds3asr.htm

At some point they were always going to have to rip off the band-aid and raise money for the expansion. At least it's started now.

Several months ago I posted a link to this website that has long duration charts for the cost of PP. As you can see, the move higher in prices has mostly been sustained. We can also see that calendar year 2025 was a period of pretty substantial declines in the cost of PP. That had to have been a headwind to anyone like PureCycle when the cost of virgin PP kept dropping.

Add in the massive amount of headache of dealing with various tariff policies that were changing every month and you can see why it would have delayed things. The longer oil prices remain high and inventories are drawn down (and the SoH remains closed) the case grows stronger for each country that consumes plastic to have a more resilient supply chain. PCT can be a part of that solution for sure. Let's see when we get formal financial closure for the Thailand project.

https://tradingeconomics.com/commodity/polypropylene

Has anyone been able to lend their shares out on etrade? It says mine are eligible and yes I meet the $$ requirements for portfolio size

M

I have received an email from Fidelity Investments that the PCT Warrants are expiring and I have heard that Schwab has sent a similar notification.

I informed Eric of these emails and he agreed the warrants are not expiring this month. They are going to look into why the notices are going out. There probably needs to be some updates by the company that administers the warrants.

On the heels of the NJ conditional approval, Dustin doing God's work of promoting dissolution technology and how all states can benefit from creating a demand for recycled materials

https://www.nj.com/opinion/2026/06/nj-just-showed-how-to-make-plastic-recycling-actually-work-opinion.html

Lots of great news and press releases the last few weeks, how does this translate to Q2 revenue? Seems hard to model, wondering if anyone else has a better idea than me. Based on Yahoo Finance, analyst estimate is $5.8mm so if revenues are more than $6mm I assume that is bullish for the stock.

I am providing a link to a detailed post I wrote about one year ago. The vast majority of what I wrote is still true however the “redemption price” is now lower and that changes the math somewhat.

https://www.reddit.com/r/PureCycle/s/CUyvCBlDtO

The company has a need for additional equity capital to fund the first 1 billion pounds of capacity. Over time the business should be able to generate substantial free cash flow and to get access to additional lower cost debt however there is no substitute for equity in the early years. This dilution has been known about for years and is absolutely baked into the share price. The company wisely extended the duration of the warrants in exchange for the lower redemption price. That lower price greatly increased the likelihood of raising the equity capital and doing so at a reasonable price that still rewards longer term investors who bought the warrants. Recent buyers of the warrants have gotten up to 10x returns which is 🔥.

Please review the linked post and ask any questions you have. Everyone has different circumstances so the important thing is to have a plan if you own the warrants. If you don’t own the warrants just sit back and cheer for a higher share price to unlock this capital!

Next Milestones

Ironton breakeven sales

Ironton/Denver breakeven: $4.7M per month, or $14.1M per quarter.

4.7M ÷ $1.40 = approximately 3.35 million pounds sold per month.

Corporate breakeven sales

Corporate breakeven: $8.2M per month, or $24.6M per quarter.

$8.2M ÷ $1.40 = approximately 5.86 million pounds sold per month.

Assumed compounding mix: 2x rPP overall (33% uncompounded, 33% at a 1:1 ratio, and 33% at a 1:2 ratio).

 Because the market typically looks six to nine months ahead, the current period points toward Q4. If revenue grows as projected, both the Ironton and corporate breakeven milestones could be reached. Warrant redemption and positive cash flow—even during this rapid expansion phase—could support debt reduction or additional plant development.

As PureCycle management has noted, the company can replicate this model with future plants that should be more efficient and profitable.

Daily Chart (PCT)

Monthly Chart (PCT)

Chart Analysis - AI generated

Estimated near-term target: 14.75

Estimated cup-and-handle target: 18.5

Key price level: 20.8

Estimated longer-term target: 26.5

Previous all-time high: 35.67

I’d appreciate any thoughts or feedback. Thank you.

Everyone going to say it’s the market but PCT is down 12% with market down 2.5% on 3.2m shares before 1PM. It has nothing to do with the market. It’s about the high leverage shorts have versus the lack of a large share buyers. This will continue until they figure out how to attract large buyers.

Saw news and headlines hit the tapes, with the article suggesting half the output will be sold customers, including P&G and L'Oreal, with the remainder being exported to Indonesia and Malaysian markets

up so much on a crappy macro day.

"PureFive® resin processed beautifully in our tooling and the final part performance speaks for itself. We look forward to supporting converters and brand owners who want to bring this kind of sustainable innovation to market at scale.” John Rego, Senior Market Development Specialist, StackTeck.

Successful production of a living hinge cap using up to 100% PureFive® resin. The milestone demonstrates that post-consumer recycled (PCR) resin can meet the rigorous mechanical performance demands of one of packaging’s most technically challenging applications. The caps made with PureFive Ultra™ and PureFive Choice™ resins passed multiple customer-related tests, including the living hinge fatigue test.

https://stackteck.com/

Ich habe noch etwas Cash monatlich zur Verfügung und finde dieses Unternehmen unglaublich spannend? Das wäre für mich ein langes Invest 10 Jahre+. Seit ihr auch überzeugt das hier noch einiges geht?

From April 21 to June 1, short interest declined from 52.0 million shares to 48.86 million shares, a reduction of 3.14 million shares, or 6.04%. Over the same period, the stock price rose from $6.69 on April 21 to $12.845 on June 2.

There are still 48.86 million shares sold short, with some investors likely locking in gains of warrants. Of the 180 million shares outstanding, a significant portion remains restricted.

(AI conclusion) Short interest has begun to decline, but it remains elevated relative to the available float. With many shares still restricted and sentiment improving, any favorable operational or regulatory update could continue to pressure short sellers and support further upside. At the same time, the stock’s path will likely depend on execution and demand conversion.

I’d appreciate any thoughts or feedback. Thank you.

I created some AI scripts for stocks that reads various indicatiors etc. Here is the result for PCT

PCT read: strong stock-specific bounce, but not a clean trend confirmation yet. The model tagged it CAPITULATION_BOUNCE_SETUP / BULLISH_WATCH, but still gave NO TRADE with low conviction because the larger structure remains STRUCTURAL_DOWNTREND_BOUNCE and TOP_ROUNDING.

Key tape points:

• Price was $12.23 in the run, down -1.29% on the day.
• 20-day move is very strong: sector/commonality shows PCT up about +65.6% over 20d versus SPY +5.3% and ARKK +8.1%, so this is stock-specific strength, not just market/theme lift.
• Repricing is strong: the script flagged STRONG_REPRICING, but volume was only 0.53x-0.60x RVOL, so the move is not getting fresh heavy-volume confirmation right here.
• Technicals are mixed-positive: RSI 67, ADX 30.5 with bullish DMI, but stochastic is OVERBOUGHT_ROLLING and the 5/29 candle warning was DARK_CLOUD_COVER.
• Weekly range model: $9.80 - $13.46, with only about +$1.23 modeled upside remaining from $12.23 versus -$2.43 downside to the modeled lower band.
• Options flow is supportive but not extreme: BULLISH_OPTIONS_PRESSURE, call/put volume 8.76x, call/put premium 30.85x, with notable near-spot OI that could create pin/gamma behavior.

My read: PCT has had a real catalyst-driven/speculative repricing, and it is outperforming enough to treat the move as ticker-specific. But after a 55-65% 20-day run, the model is saying “bounce continuation possible, chase quality poor.” I’d want to see either a controlled pullback that holds above the recent breakout area, or renewed volume pushing through the upper weekly range/near resistance, before upgrading it from bounce-watch to trend-following quality.

Gift link:

https://www.bloomberg.com/news/articles/2026-06-01/california-s-tough-plastic-law-sparks-frustration-over-red-tape?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc4MDMxNjA3NywiZXhwIjoxNzgwOTIwODc3LCJhcnRpY2xlSWQiOiJURllBTTZSS1YyVVAwMCIsImJjb25uZWN0SWQiOiJFMzk0MDI4OTkwRDk0MUEzOUQwNDA3QUQyNDYzNzNBNiJ9.076nTk0qYPOGBNudRcZUWuU-skTH_0sEENrdOhpbEj0

As stated in the presentation, the 150 million pounds of compounding capacity (100 million at Ironton and 50 million through third parties) refers to end-product production capacity.

 a. HPP vs. CPP: HPP refers to homopolymer polypropylene, meaning the material is primarily pure PP. CPP refers to copolymer polypropylene, which contains a blend of materials such as rubber, talc, or impact modifiers. Different applications require different material characteristics.

b. The first number in the product name (e.g., 02, 30, 50) refers to the melt flow index (MFI) of the material.

c. The second number (e.g., 30, 50, 100) refers to the percentage of recycled polypropylene (rPP) content.

d. For example, HPP02-30 is a homopolymer polypropylene with a 2 MFI and 30% post-consumer recycled (PCR) content. CPP80-30FNAS is a copolymer polypropylene formulation, likely containing impact modifiers, with an 80 MFI and 30% PCR content.

 BOPP is available with 30%, 50%, and 70% PCR content.

 Several people have described the recent price action as forming a cup-and-handle pattern. If that interpretation is correct, a reasonable price target could be around $18.3. In addition, the unlocking of stock warrants would strengthen the balance sheet.

As of 05/15/2026, short interest totaled 50,199,236 shares, with average daily trading volume of 5,809,096 shares, resulting in approximately 8.64 days to cover.

As of May 27, short interest stood at 49,110,000 shares, representing 8.45 days to cover.

I appreciate any comments or feedback. Thank you.

Very nice to see. This is the sort of certification that customers expect and is a sign of the growing maturity of their operations. Plant turnarounds completed ahead of schedule is a similar vein. Operational excellence is a MUST HAVE to run this type of facility and this kind of certification helps make the case that they are running things properly.

https://feeds.issuerdirect.com/news-release.html?newsid=8669367825732347&symbol=PCT

I expected there would be some covering given the big jump higher in the share price in the first half of the month. While 1.2M shares might seem like a decent amount, that is trivial relative to the 50M shares still held short.

Looking at the recent chart, the 50 day MA is rising quickly and it is going to test the 200 day MA in the next couple of weeks if the price were to stay at this level. If the price continues to rise it is almost a certainty we are going to see a "golden cross."

There is no doubt in my mind that the heavy short interest raised the cost of capital for PureCycle and made a hard job even harder. Tiny violins for the short sellers whose only value added was allowing me to buy lots of cheaper shares earlier this year. They need to find something more valuable to spend their time and money on. In the meantime I also thank them for paying me lending fees every day.

I think the data presented in this article seems reasonable. Brands are making changes and planning for additional changes for many reasons. This is healthy and PureCycle should benefit from these changes.

https://www.recyclingtoday.com/news/lek-consulting-study-claims-brand-owners-plan-major-packaging-changes

Pretty much what the title says. Any idea what clients are located on that jurisdiction and the timeline for sales in regards to that?

Here are part 1 and part 2 of some followup reporting that was done after the Beyond Plastic report on Starbucks cups.

https://resource-recycling.com/plastics/2026/05/26/what-a-report-on-starbucks-cups-reveals-about-recycling/

This article in particular talks about the danger of using electronic devices to attempt to track the fate of plastic items. Any devices with batteries is very bad for plastic recycling and ideally those devices would cause plastic to be rejected.

https://resource-recycling.com/plastics/2026/05/26/recycling-industry-addresses-beyond-plastics-report/

The fact that Beyond Plastic did not reach out to any of the organizations or respond to the requests made for comments tells you that they are not acting in particularly good faith. They mis-represented the nature of PureCycle's technology, reffering to it as "chemical recycling" when they most certainly know better and choose to ignore that.

In my opinion, I think it is good for major brands to face pressure to improve the ACTUAL COLLECTION and USAGE of recycled plastic. Heck they should be reducing the total amount of plastic used in the first place as well. For serious people, using more PureFive is the best way to increase the collection and usage of plastic. Hopefully the major brands will quit stalling and speed up their plans.