“Naterey have they stated they have been offered low ball jv offers? Al least that would put a floor on this thing.”
Well, nothing but quotes within analyst coverage interviews. We certainly haven't heard any specifics, and nothing in NR. Nonetheless, Mr. P is in print on the topic.
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But this almost wasn’t Natcore’s commercial success. The company was in discussions to partner with a couple Chinese solar manufacturers earlier this year. As part of the joint venture agreements, Provini said the companies would fund the research to get black silicon off the ground and then make a small payment to Natcore for the black silicon that would increase over time.
“But they wanted us to put all of our technology into this joint venture,” Provini said. “We decided to take a pass on that. We’ll do it ourselves.”
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There is at least one other such quote, if my memory serves me (which, these days, it does whimsically at best), but clearly, you’re as aware of all this bumpf as I am and want more. Can’t help you there.
That said, we had 16+% on an early wafer, and we didn't hear about that, either. Could be argued that Mr. P is playing it a little fine with what is considered 'material developments to be released in a timely manner'. The ‘out’, here is 'development'. I don't recall the precise verbiage, but if progress within the BP can be deemed 'continuous', or some such, every nugatory item needn't be released.
I s'pose that would apply to relationships, just as well?
Which applies to a recent post regarding the presumed 'death by straight-arming' of the Zhuzhou JV. This from the latest MD&A:
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On June 22, 2010 the Company formed a joint venture (“Natcore Technology (Zhuzhou) Co., Ltd.”) with a consortium in China to develop and manufacture film-growth equipment and materials using the Company’s proprietary Liquid Phase Deposition (LPD) technology licensed from Rice University. Natcore Technology (Zhuzhou) Co., Ltd. will be 55% owned by the Company, with the Zhuzhou Hi-Tech Industrial Development Zone (the “Hi-Tech Zone”) and its partners (“Chinese Partnership”) holding the remaining 45% ownership position. Natcore Technology (Zhuzhou) Co., Ltd. will be funded by an initial $3 million investment consisting of $500,000 contributed by the Company and $2,500,000 contributed by the Chinese Partnership. Natcore Technology (Zhuzhou) Co., Ltd. will have the exclusive right to develop, manufacture and sell AR film-growth equipment in China, and a five-year exclusive right to manufacture such equipment for sale outside of China.
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As anyone can see, this is way beyond the usual LOI/MOU preliminaries. Zhuzhou is a capitalized Chinese Partnership, with initial capital heavily weighted towards the Chinese end, but with control in the hands of NXT shareholders.
How cordial are relations, these days? Couldn't tell ya.
But 2.5 meg sunk costs tell you it ain't gone.
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