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Probably prolonging the company because I'm willing to bet he is still drawing a very nice salary. He will quit when the money runs out.
Mr. Provini has surfaced.
Just announced last week, Provini is the Chairman of SMC Entertainment, a fully integrated financial technology company. His bio still shows him as CEO of Natcore, but there is no other visible connection. Check it out.
Exactly one year since natcore announced their new production process. And look where they are today. Unbelievable.
Thanks for your thoughts. Can't disagree with anything you said. I really thought this was going to be a great investment, but it has been nothing but a long run of silence and disappointment.
Mr. C, that's an interesting comment about aluminum not working out so well. Never heard that. Do you have any details? Thanks.
If stock options are their only compensation, you have a point, but if they are like most companies, the employees are being paid and the stock options are for achieving specific goals -- and my point is their achievements are not apparent to shareholders. Maybe you know something I don't.
Yeah, I understand the attraction of using stock options, but my point, which I did not express well, is I certainly have not seen any progress that would warrant issuing many stock options. No contracts, no revenues, no manufacturing deals, no externally verified advancement of their technology -- nothing. Really, I wonder why I am still here, but I have been here for a long time and the value of my holdings has been destroyed to the point that I might as well hang in. And I still hope they succeed.
No news of any kind from the company and the stock price is still in the crapper, but they just granted a ton of more options to the employees. I'm all for stock options to key employees when specific milestones have been met and maybe in this case there were specific accomplishments. But as a long time shareholder who has lost a lot of money on this so far, I think the company owes us an explanation -- but of course, they won't do that. Still holding but I really don't like the abuse.
We can hope for an announcement from Natcore in the next few days, but I'm not optimistic because of the prominent language in this announcement about "independently-developed". If NC doesn't get any direct benefit out of this, it is too bad because Natcore had a 6-year head start on everybody else with the announcement from NREL in Jan 2012, but they couldn't deliver in all that time. If there is a silver lining in this, at least the black silicon technology seems to be the place to be and allegedly, NC has a product pretty close to production-ready. Let's see what Scarpa or Provini have to say in the next few days.
That's encouraging. Thanks for the news.
In an email which preceded the PR, CP said " .... inability to get any traction for our technology here in our own country". The announced deal helps move along the commercial development of Natcore cells, but doing a direct manufacturing deal would be even faster. So, why not China? Or are there still IP risks? Just wondering.
Lack of U.S. interest? Now that CP has publicly expressed their frustration getting U.S. support, it would be interesting to know if they are reconsidering their reluctance to sign up with a Chinese company. They always expressed reluctance to do that because of IP concerns, but now as their options are becoming more limited, I wonder if the IP risk would be worth it in order to get things moving? I wonder if that avenue is even still open?
The project summary sure reads like Natcore should be involved, but management has confirmed that they are not involved in this study. Too bad.
Monthly Private Placements..... amazing! These guys must be out of cash and are funding operations a month at a time with a deep pocket investor. It's costing existing shareholders dearly as the new shares and warrants are piling up. How much longer can this go on?
Truth, I read the description, but I was speculating about who is the lucky consultant to get this tough job. How much legal work is there for a pre-sold PP? I'm a large shareholder here and I just don't like to see so much dilution, especially practically giving away 140K shares.
Anybody seriously following Natcore should be outraged at the shares they are issuing to a "consultant" for this latest PP. Would love to know who this is and just exactly what they did for what was essentially a pre-sold PP. I'm still hopeful that the company will make it but the share dilution is terrible for the current shareholders. JMO
got it -- thank you.
I've got a few messages with sticky notes stuck at the top of my message board. How do I get rid of the sticky note and get these off the top of my board?
I agree -- that's why I am buying more at this pps. Thanks for your thoughts.
no...... the company has confirmed it has not used it at all.
no...... the company has confirmed it has not used it at all.
Yeah, but this is another of their plans that just seem to drift off into oblivion. Since this announcement, NC has not once used this arrangement to raise capital. If they used this arrangement instead of doing direct PP's I would think they could raise more money at better share prices. So why don't they use it?
Thanks for your thoughts. Can't disagree with you. The founders and senior management have so much tied up in this that they will not let it go down. But nobody has endless deep pockets. The company has to produce some revenues in 2017. I'm going to buy a few more shares in the next few shares just because ......
Coin, two things bother me about their willingness to do another PP at only .16 pps. 1) they must really need the cash; 2) they don't have any announcements in the near future that would raise the pps significantly. So they (and shareholders) will continue to walk the edge of the cliff for awhile longer, but I think 2017 is the last chance. If they don't get some revenue and/or sign a real contract for real $, I think this will be the end. If it is the end, it would be interesting to speculate about the liquidation value of the company -- or, in other words, what are the patents worth to another player in the solar business? We shall see.
This is good news, but the timing of the announcement is curious. Information about this initiative, including a mention of Natcore, is included in a document dated Sept 14 on the ASU website. The article is encouraging for the future of Natcore, but the immediate problem remains the same ..... inducing enough cash from investors to keep the lights on (no pun intended). Further private placements at these pps levels is hugely dilutive, but there appears to be no alternative.
Is anybody seriously looking at participating in a U.S. private placement? I'm interested in anybody's opinion?
In recent interviews, CP has hinted that it will be several years yet until their cells are being produced commercially. The elephant in the room is their ability to raise capital or earn some revenues to keep the lights on. At these ridiculous PPS levels, their private placements are very dilutive, but I guess we have to accept that reality in order for them to stay afloat.
interesting ...... what registration are you referring to? More details?
new lows every day......but CP is going to the New Orleans Investor Conference and we can get free tickets! We are so lucky.
The DOE just announced that Charlie Gay has been appointed Director of one of their programs. That is good for Natcore. Demonstrates that they really have some top solar scientists involved in their development. Now -- if they could just get their technology across the goal line. Still waiting.
Do you realize the execution price you are citing is expressed in Canadian $.
Well said, Coin. Despite my frustrations with how slowly this is developing, I have to admit CP and his crew are remarkably calm and confident about what they are doing, and that is why I am still invested here. The share dilution is inconsequential as long as they still have the ability to do private placements to keep the doors open. I would sleep better if they had more of a cash cushion or if they were more specific about the timing of cash flows from these BofB deals. I hope we are right about their ability to finally get their technology ready for commercial production.
Wish I could be more optimistic about this update. The Vietnam deal sounds better than Belize but I wonder what we don't know. For example, in this interview CP seems to be saying this is a better scenario because it is unlike the Belize project where funding to complete the airport and the solar project are not yet secure. They didn't say that before. They always seem to leave something out and then the deal just quietly goes away. How many times has this happened with their various announcements? Anyway, I'm still holding my shares but you wonder how long they can keep this going without some revenue coming in the door?
For serious investors in Natcore, pv Magazine now has a USA-only website and newsletter about the latest solar news. Hopefully Natcore will one of these days be a prominent news item.
In the absence of facts, it never hurts to ask a question or express an opinion -- that's what these forums are for.
OK. Well expressed. Thank you for your opinion. I agree, but I am going to hold for a little longer.
coin, I appreciate your candor. You have been an enthusiastic supporter, so your sale is significant. Can you share any more details of your "back and forth" with mgt that lead you to your conclusion?
Page 21 has a one-liner that they are seeking a partner to assist with the commercialization of their technology. If that was in an earlier version, I missed it, but regardless, it means they realize they can't expect to sell their technology by themselves. I wish they could do it without a partner, but if it takes a partner to get it done that is better than not getting it done at all. I just hope they can get a partner soon because once again, low cash balances are going to be an issue soon.
I agree, and new projects are being announced somewhere around the world every week. If Natcore's technology is so revolutionary, how come they are not showing up in any of these projects? It may be pre-mature to expect the technology to be ready. If so, this is part of my frustration with CP, because he has not been forthright about their timelines. NC has a really solid scientific team, but I think their business side is weak. Still holding my shares, but ......
Nice announcement ..... but it is dated May 5, 2014. Why would you post that? If anything, you have demonstrated how misleading some of their announcements have been and how slowly their technology is developing. Nice try.