PCT - PureCycle Technologies Changes Plans Already: This Is A Short
- I believe PureCyle Technologies is a short because of scaling issues, an ever-changing business plan, and aggressive financial projections.
- After my PCT article was posted on Sunday, the firm's CFO called me which I think is a red flag. Usually, I initiate interviews, not companies.
- PCT changed the opening speed of its future clusters, the size of the plants, the number of plants, and its pricing model all in a matter of a few months.
- PCT's management made several appeals to authorities rather than addressing its issues head on.
- P&G could revoke or limit PCT's access to its patents if PCT doesn't meet certain production thresholds.
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PureCycle Technologies Changes Plans Already: This Is A Short