As a shareholder with over 6 figures invested in this company i have the right to be critical of management for constantly promising, yes promising, to deliver a product to market for the last two years with absolutely no such product in or near commercialization. If anything was close to being commercialized we would have proof such as an actual signed lease for space to process the chemicals, news of mass hirings to work in that space, a press release and demonstration of the process and a panel, heck even news that they started construction on the AR box that is supposed to be in a line would be real progress. Nope, no such thing, nada, zilch, zero news.
Frankly they have acknowledged, by the pp, that they won't get a partner on board anytime soon, and need to get a >18% efficient bsi panel demonstrated to the market before they will see any money. The pp is for building the AR box and to hire more scientists to help with the remaining issues that this super brain trust hasn't been able to figure out in two years; although Provimi says it isn't that big a deal.
I always thought that 2014 would be a great year for the company but given the time needed to get working on a commercialized panel when they haven't even started to work on the second AR box suggests we are still 16-24 months away from any profitability....which in case you have all forgotten is why we invested in Natcore in the first place. Oh and that's if they actually intend to produce a panel instead of moving on to a tandem cell and then who knows how long the wait will be in that case.
Yes I'm upset and rightly so and if I wanted a huge capital loss would sell my stock but that's not an option now so I continue to hold my nose and hope that I am very wrong about the timelines.
