Dependence on Key Personnel. The success of the Company is dependent on the efforts and abilities of its current officers and directors. If the Company were to lose the services of such officers, its business could be materially and adversely affected.
Dependence on Key Personnel. The Company’s development of its concept and business is dependent on its management team and the loss of any one of these persons could have a material adverse effect on the Company.
Dependence on Key Personnel. The success of the Company is substantially dependent on the services of its officers, key employees and professional consultants. The Company is dependent in particular upon the services of Xxxxx X. Xxxxx, its President and Chief Executive Officer. The Company also relies, and for the foreseeable future will rely, on independent advisors and consultants to provide certain services to the Company. There can be no assurance that such services will continue to be available to the Company on a timely basis when needed, or that the Company could find qualified replacements. The Company's operations therefore are dependent upon a limited number of key employees and consultants and the loss of the services of these or other key personnel could have a material adverse effect upon the Company. The Company does not maintain key man insurance on the lives of its executive officers and key consultants.
Dependence on Key Personnel. The Company's success depends to a significant extent on the performance of certain key personnel. The loss of such key personnel could materially and adversely affect the Company. The Company has not executed employment agreements with all such key personnel.
Dependence on Key Personnel. The Company depends to a large extent on the services of its executive officers and the officers and managers of its Subsidiaries. Particularly, the Company's newest Subsidiary, an electricity retail business, is heavily dependent upon the knowledge and expertise of the president of the Subsidiary. The loss of the services of any of those persons could have a material adverse effect on the Company and its Subsidiaries.
Dependence on Key Personnel. The Company's future success will depend, to a significant extent, on the efforts of key management personnel, including Xxxxxxx X. Xxxxx, the Company's Chief Executive Officer, Chairman and General Counsel, Xxxxxxxxxxx X. Xxxxxx, the Company's President, and Xxxxxx X. Xxxxx, the Company's Chief Financial Officer. The loss of one or more of these key employees could have a material adverse effect on the Company's business. In addition, the Company believes that its future success will depend, in large part, upon its continued ability to attract and retain highly qualified management, technical and sales personnel. There can be no assurance that the Company will be able to attract and retain the qualified personnel necessary for its business.
Dependence on Key Personnel. The Company has assembled a team of geologists, geophysicists and engineers who have considerable experience effectively applying 3-D imaging technologies. The Company is dependent upon the knowledge, skills and experience of these experts to provide 3-D imaging and assist the Company in reducing the risks associated with its participation in oil and gas exploration projects. In addition, the success of the Company's business also depends to a significant extent upon the abilities and continued efforts of its management, particularly Xxxxxx Xxxxx, the Company's President and Chief Executive Officer, Xxxxx X. Xxxxxx, Vice President of Technology, Xxxxxxx X. Xxxxxx, Vice President of Exploration and Xxxxxxx X. Xxxx, Vice President of Finance. Xx. Xxxx has announced his intention to leave the Company. The loss of the services of key management personnel or the Company's technical experts, or the inability to attract additional qualified personnel, could have a material adverse effect on the Company's business, financial condition, results of operations, development efforts and ability to expand. There can be no assurance that the Company will be successful in attracting and retaining such executives, geoscientists and engineers. ANTI-TAKEOVER CONSIDERATIONS The Company's Restated Certificate of Incorporation (the "Certificate of Incorporation") and Amended and Restated By-laws (the "Bylaws") include certain provisions that are intended to enhance the likelihood of continuity and stability in the composition of the Company's Board of Directors. These provisions may have the effect of delaying, deterring or preventing a future takeover or change in control of the Company unless such takeover or change in control is approved by the Company's Board of Directors, even though such a transaction may offer the holders of Common Stock the opportunity to sell their stock at a price above the prevailing market price. Such provisions may also render the removal of directors and management more difficult. Specifically, the Certificate of Incorporation and Bylaws provide for certain advance notice requirements for stockholder nominations of candidates for election to the Company's Board of Directors and certain other stockholder proposals. Such provisions could limit the price that certain persons might be willing to pay in the future for shares of Common Stock. The Certificate of Incorporation authorizes the Board of Directors of the Company to issue from time to time, wi...
Dependence on Key Personnel. The Company is dependent on the continued services of its founder Xxxxxxx Xxxxxxx, as well as its CEO, Xxxxx Xxxx, along with various vice presidents, and would be adversely affected by the loss of their services if a qualified replacement could not be found without undue delay, an event which should be considered unlikely.
Dependence on Key Personnel. In the conduct of the Corporation's business, the Corporation will be substantially depended upon its present management personnel. The death or continuing disability of any of these persons may have a material adverse effect upon the Corporation's ability to conduct its business. Financing Difficulties There can be assurance that the proceeds of this offering (even if the maximum number of shares are sold) will be adequate to provide sufficient funds for working capital and other expenses associated with developing and running the business. Such funds shall, in all likelihood, prove to be inadequate and the Corporation will be required to seek additional capital or borrow additional funds. However, the Corporation has made no arrangements to obtain additional funds at this time, and there can be no assurance that additional funds will be available.
Dependence on Key Personnel. The Company’s performance is substantially dependent on the performance of its senior management and key personnel. In particular, the Company’s success depends substantially on the continued efforts of current management. The Company has not acquired key person life insurance. The loss of the services for any reason of any of its executive officers or other key employees could have a material adverse effect on the business, results of operations and financial condition of the Company. Also, the inability to attract and retain the necessary technical and managerial personnel could have a material and adverse effect upon the Company’s business, results of operations and financial condition. In order to attract and retain key personnel, the Company may be required to make equity grants to such persons. The granting of such equity interests will have the effect of diluting the equity interests and rights of the other owners of the Company.
