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 is dependent on the continued services of its founder and CEO, Xxxxxxx Xxxxxxx, along with various vice presidents. In the unlikely event that the Company loses the services of one of more of such key personnel and a qualified replacement could not be found without undue delay, the Company’s business, operating results and financial condition would be adversely affected.
Dependence on Key Personnel. The success of the Company depends in large part upon the Company's ability to attract and retain highly qualified scientific and management personnel. The Company faces competition for such personnel from other companies, research and academic institutions and other entities. There can be no assurance that the Company will be successful in hiring or retaining key personnel. See "Business--Employees" and "--Executive Officers of the Company." CONTROL BY EXISTING MANAGEMENT AND SHAREHOLDERS As of August 31, 1997, the Company's directors, executive officers, and certain principal shareholders, including Cobe, affiliated with members of the Board of Directors and their affiliates beneficially owned approximately 36% of the outstanding shares of Common Stock. Accordingly, such shareholders, acting together, may have the ability to exert significant influence over the election of the Company's Board of Directors and other matters submitted to the Company's shareholders for approval. The voting power of these holders may discourage or prevent certain takeovers or changes in control of the management of the Company unless the terms are approved by such holders. POSSIBLE STOCK PRICE VOLATILITY Since the Company's initial public offering in February 1997, the price of the Company's Common Stock has experienced large fluctuations. The trading price of the Common Stock and the price at which the Company may sell securities in the future could be subject to wide fluctuations in response to announcements of clinical results, research activities, technological innovations or new products by the Company or competitors, changes in government regulation, developments concerning proprietary rights, variations in the Company's operating results, announcements by the Company of regulatory developments, litigation, disputes concerning patents or proprietary rights or public concern regarding the safety, efficacy or other implications of the products or methodologies to be developed by the Company or its collaborators or enabled by the Company's technology, general market conditions, the liquidity of the Company or its ability to raise additional funds, and other factors or events. In addition, the stock market has experienced extreme fluctuations in price and volume. This volatility has significantly affected the market prices for securities of emerging biotechnology companies for reasons frequently unrelated to or disproportionate to the operating performance of the specific ...
Dependence on Key Personnel. The success of the Blast Furnace Project and its continuity depends on the abilities and continuing efforts of the existing directors as well as key management and technical personnel. The loss of any of the directors, key management and/ or technical personnel may have an adverse impact on LBF’s continuity and competitiveness in its industry. As part of a mitigating measure, LBF will have a management retention and succession plan so as to ensure smooth running and continuity of LBF.
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.
