Natcore Technology Inc (NTCXF)

[teq0904]

"In the west, a mortgaged property drawing no revenue would (in normal, healthy times, at least) be foreclosed upon."

Actually in Calgary in the boom just before the 1982 bust, the same thing happened. I know an office building owner who had a few high rent rate leases in his mainly empty space in 3 adjoining buildings. He was holding onto the vacant space trying to get the high rent that his bank had appraised it at.
Someone told me this owner was a smart operator to hold the mainly vacant bldg because of course the price was constantly going up more than the interest he was paying! Apparently as long as he made payments the bank was happy.