Natcore Technology Inc (NTCXF)

[teq0904]

There is no loan. The Venture exchange puts a 4 month hold on all pp, purpose being to minimize the possibility of a scam.
The $1.20 calculation would be every day because an average would be quite meaningless if it traded at $.02 on the last day. The purpose of $1.20 is to make it fair to the subscriber so that if he is forced to exercise he has the chance to sell the same day during the 20 day period. Theoretically if the stock is worth $1.20 for a month and no unexpected events occur, it should be worth more than $.80 for a few more days too so lots of chance for cash strapped holders to sell some shares to pay his exercise price.
The $1.20 is a form of forced conversion in which the warrants expire within a month so use it or lose it, and has nothing to do with the holder of the stock being permitted to sell.