Natcore Technology Inc NTCXF

RE: RE: RE: sent to me by illumination

[ripantuck]

That is a point that really bothers me about this management.  Revenue was supposed to start from Chinese companies in March.

They seem to be trying to distract everyone from this.  Their new process for making conventional solar cells was supposed to be easy to adopt, workable and able to save manufacturers a few percent in manufacturing costs.  This, I understand.  If it works solar companies should be beating a path to their door.  This a a large, very competitive industry.

It seems like every few weeks they have something new as their priority and its always farther out into the future.  Having been burned a couple of times on "new technology" stocks, I am getting very suspicious.

I wish illumination were back on the board.  Illum, I never thought that your predictions were reasonable, but I respected your knowledge of this company and the work you were putting into your research.  The fact is that this stock SP would be much higher today if they had followed up on the China deal and even modest revenue was flowing and increasing.

I still own the stock, but am increasingly concerned about the bait and switch mentality.  They seem to spend 90% of their communications on a new group of "products" every quarter. 

If there is a time hold-up on any of their products that should clearly state so and indicate why they believe it is still a "go" and when they expect it to start.  Right now, this stock is being priced as though they have a couple of intriguing patents, but no clear expectations of a substantial and increasing revenue stream.  When you state that revenues may begin in 4 months and then 6 months later you state that revenues may begin in another 3 to 4 months, you owe your investors a clear explanation of what went wrong why it will be different this time.

I am still holding a modest position in this company, but I am becoming concerned about managements' credibility.  The potential is incredible, but so far I am not confident that my money is in good hands.  I want this to change.  I want management to prove me wrong, but Illum's second hand summary scares me.

If you read this Illum, don't feel that you said anything wrong.  You have shown me several times that you are very careful to get things as right as possible.  The only thing you were ever wrong about was the SP and you would have been a lot closer to that if the revenue stream had started on time or even a couple of months late.

Rip