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Natcore Technology Inc. Message Board

  • caseno_98 caseno_98 May 12, 2010 11:49 AM Flag

    Correction:

    20 Days- Stock price must be $1.50 or higher-for 20 day for NatCore to collect $6Million when warrants are forcibly exercised...

    Taken from Canaccord (The Big Picture):

    Natcore Technology (NXT.V) - Natcore has been climbing quickly in the absence of news.
    We think this is a delayed reaction to their Natcore China JV and a sentiment change in
    the solar sector in general. Their 9,961,355 warrants are all in the money and the majority
    of them are subject to a forcible conversion if the share price closes above $1.50 for
    20 consecutive trading days (today's close was $1.33). If all the warrants were exercised
    it would add $6.57 million to the treasury. With only 35,517,958 (fully diluted) shares
    outstanding we see more sunny days for Natcore.

 
NTCXF
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