Natcore Technology Inc (NTCXF)

[JB3729]

I was pleasantly surprised by Tom's current $3m pp estimate, compared to his $6m estimate a couple of weeks ago. Apparently, demand has slipped due to the price and possibly the 1/2 warrant instead of a full warrant. Also, Tom stated that Natcore is concerned with dilution.

My thoughts are that selling will subside now that the offering has been priced.

The new lab is in a green tech park in Houston, near Rice U. Tom stated that the Rice U. tandem cell research and the Ohio State LPD research will be moved to the new lab. The new lab will advance other technology as well. Tom also stated that the new lab will allow Natcore to perform work and tests on samples provided by solar manufacturers much more efficiently.

JB