Natcore Technology Inc (NTCXF)

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I am not familiar with the regulatory control over Canadian or USA public listed companies but I am sure if Natcore Technology was listed on the Australian Exchange ASX, the regulators would have had Provini and his mates served with a "big please explain". Had the ASX been given the same B.S. that this company has fed to its shareholders the Chairman / Sec and directors would most likely be in for deregistration, very hefty fines, and a stint in the slammer.
Why hasn't a class action been brought against this company