Response from Mr. Provini to my disgruntled letters.
I regret my letters were more rant and rave than an inquiry with well articulated questions, which he accurately points out. My bad. More specific questions would have better served the board, but I was venting my frustration over the lack of news and information from the company and didn't expect the CEO to respond. For what it's worth, here is Mr. Provini's response to my last letter/rant. (While his tone is cordial, my assumption would be mine are not the only peeved off letters he's receiving.)
Dear Mr. xxxxxxxx,
We do a very good job in answering shareholder questions when presented to us. I find it difficult to answer any questions from your email of either the 10th or 13th since there does not appear to be questions, but just comments and opinions.
In my 25 years in running successful brokerage companies and dealing with investors, brokers and analysts, the one common thread that causes success or failure in an investor relationship are the expectation of the two parties involved. I regularly told clients, brokers and analysts that they should not just do business or do a trade, but create a business or define an investment.
My expectations for Natcore are to create meaningful wealth for our shareholders. As you might suspect, I am a very large shareholder myself. I think we have communicated information in news releases appropriately so as not to jeopardize our intellectual property or jeopardize on-going negotiations with companies or even countries. The short term satisfaction achieved by disseminating certain information in resource or mining stocks does not translate to R & D companies. Premature or interim information can be very detrimental to an R & D company negotiating and implementing a variety of applications with potential customers and partners. That being said, our recent black silicon announcement, with respect to the NREL exclusive license agreement, certainly should have been something to satisfy expectations since this success will very likely change the solar industry because of our patents and applications.
I am confident we are making the right decisions for the right reasons in order to create the wealth that I described earlier. If the information dissemination process does not fit with your expectations, perhaps there is a disconnect between you and our company.
I hope this helps to some extent, however, if you are still disappointed with our methods, perhaps you should rethink your investment and relook at our little company another time.
Best Regards,
Charles R Provini
President & CEO
Natcore Technology, Inc.
87 Maple Avenue, Red Bank, NJ 07701
732-576-8800, fax 732-576-8809
email: provini@natcoresolar.com
www.natcoresolar.com
