Natcore Technology Inc (NTCXF)

[teq0904]

I wonder how they will fund this? $2.7 M/year in wages with a $50k tax credit per year over 10 years, with NXT investing $914k. The last thing NXT needs today is a tax credit, so they will need to be making some quick profits to make any use of this.
The value of the credit is just $20k / year, (=40% of $50k / year) assuming a 40% tax rate, so this investment is not being driven by the tax credits. I have no idea what the NY tax rate is but even if it was 80%, it doesn't get much money back to NXT.