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[TT @TasgallTrader]

@Mag7Observatory @Tim75491582 @Mike_Taylor1972 @The_Huntsman23 Isn't it more like 250M shares outstanding fully diluted?

[TT @TasgallTrader]

$PCT goes to the movies!

In theaters now!

[PureCycleTech @PureCycleTech]

PureCycle is thrilled to share that Golden Link North America is using Churchill Container’s Run It Back™ line of cups made from our PureFive™ resin. They've introduced our resin into licensed souvenir cups for a major motion picture in theaters now!

https://t.co/cYdS2VAhjt

[TT @TasgallTrader]

@sindreflogstad @BMuth73087 I don't think you'll ever hear from him again.

I'm honestly surprised he hasn't deleted his account (again).

[TT @TasgallTrader]

@sstskybird @FordWealth @MB19701 Druck reduced his $PCT common shares (which are reported on 13-Fs) but bought like $90m of perpetual preferred shares (which are NOT reported on 13-Fs). So his net position increased in Q3.

See this filing: https://t.co/1NjFKCJJmo

[TT @TasgallTrader]

I'm guessing Mars (the company) will be a big $PCT customer...

https://t.co/keA9ZQoKFV

[TT @TasgallTrader]

@Kruker8 @a_hiroller @matty_bucks @private_dataguy I keep seeing people replying to him, wondering why they haven't just blocked him. He has like 13 followers, he's just shouting into the void, and he's only visible to people who search for the $PCT ticker... and if you block him, he can't reply to your tweets. (Hint, hint)

[TT @TasgallTrader]

@MB19701 I noticed the LPTX <-> CYPH thing too. Surprised he didn't close it when it got resurrected. After original LPTX failed, I'm sure there wasn't exit liquidity, but now there is...

[TT @TasgallTrader]

@campbe14425505 @SLMacro Shitty timing though - downgrading during a holiday week, when the super-thinly traded float is already getting thrashed around.

[TT @TasgallTrader]

@campbe14425505 @SLMacro TD downgrade is also a new analyst inheriting the coverage - Schumm (new) vs Boyes (old).

Slightly different signal than if Boyes had downgraded it, if one is paying attention.

(Spoiler: it seems no one is paying attention.) $PCT

[TT @TasgallTrader]

@turtlespeed2020 I enjoy the stream of consciousness style. Thanks for sharing all this great info!

[TT @TasgallTrader]

@campbe14425505 As of Harvard/HMC's 13-F, they sold down 90% of their position and 100% of the warrants as of 9/30... so mostly out of their position prior to the Oct/Nov selloff.

[TT @TasgallTrader]

@campbe14425505 Just looked at the numbers, at the end of Q2, HMC owned 1.9m shares ($19m) and 714k warrants ($1.2m) - largest holder of the warrants.

Volume in the warrants (PCTTW) is also up over those dates... but the warrant trading is so squirrelly, I wouldn't put much into that.

[TT @TasgallTrader]

@dampedspring @BernieCornfeld It's the biggest position *that has to be listed on a 13-F*.

Their 13-F accounts for ~$2.1B, but total endowment is ~$56.9B. Lots of non-reported assets.

[TT @TasgallTrader]

@trendtrade @Mike_Taylor1972 They sold down most of it, position is about 10% of what it used to be.

Note they sold the warrants too (#19 in the screenshot).

[TT @TasgallTrader]

@SLMacro @campbe14425505 @FordWealth @Mike_Taylor1972 Right now this is the only non-healthcare holding, so could make it quite large if he wanted to, or if price were to go up sharply - it would need to +5x from here before he "had to" reduce it. And he would "have to" do it "promptly"... but "promptly" is not defined.

[TT @TasgallTrader]

@SLMacro @campbe14425505 @FordWealth @Mike_Taylor1972 He's got pretty wide discretion with the ETF - basically has to have 80% in healthcare. Other than that, he can (and does) change his positions actively.

I'm pretty sure he was watching the price action, waiting for the selling pressure to subside before increasing.

[TT @TasgallTrader]

@campbe14425505 @FordWealth @SLMacro @Mike_Taylor1972 As far as I am aware, no - it has not adjusted for the falling price before. Went from 4.3% position down to 3% as price fell. During that time did not add shares to keep the % consistent. It did increase/decrease share count to match AUM changes (+1.34%, -0.66%, etc.).

[TT @TasgallTrader]

@FordWealth @campbe14425505 @SLMacro @Mike_Taylor1972 Ok, now there's something new. On Friday's PINK share holdings, $PCT went up by 300k shares, not just an automated adjustment based on inflows... it went from ~3% position to a ~4% position. That's a deliberate increase.

[TT @TasgallTrader]

@FordWealth @campbe14425505 @SLMacro @Mike_Taylor1972 Not to burst your bubble, but the share additions are due to inflows. The AUM for the PINK ETF keeps going up. The allocation stays stable as a %. Well, relative to price changes too, -30% in price took it from (IIRC) 4.3% to 3.0%. But steady % is good, shows conviction.

[TT @TasgallTrader]

@RevShark @BobbyTeeitup By my math, if he is still holding all his perpetual preferreds (which are not reported on 13-Fs), and they all convert, Druckenmiller is ~5th largest shareholder of $PCT

Without the preferreds, he is the 10th largest

[TT @TasgallTrader]

@campbe14425505 @ChNicholson @SLMacro Apparently Samlyn has a history of trading around their position. Up, down, up, down...

Maybe they did sell it all this time.

[TT @TasgallTrader]

@campbe14425505 @ChNicholson @SLMacro Today there was a PR for a plastics award, price went up +3.5%.

Clearly all we need is 19 more of them to make it back!

Or maybe Samlyn needs to sell 3m shares 19 more times?