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These excerpts taken from the SKIL 10-K filed Mar 31, 2008. RISKS
RELATED TO OUR ADSs
THE MARKET
PRICE OF OUR ADSs MAY FLUCTUATE AND MAY NOT BE SUSTAINABLE.
The market price of our ADSs has fluctuated significantly since
our initial public offering and is likely to continue to be
volatile. In addition, in recent years the stock market in
general, and the market for shares of technology stocks in
particular, have experienced extreme price and volume
fluctuations, which have often been
Table of Contents
unrelated to the operating performance of affected companies.
The market price of our ADSs may continue to experience
significant fluctuations in the future, including fluctuations
that are unrelated to our performance. As a result of these
fluctuations in the price of our ADSs, it is difficult to
predict what the price of our ADSs will be at any point in the
future, and you may not be able to sell your ADSs at or above
the price that you paid for them.
SALES OF
LARGE BLOCKS OF OUR ADSs COULD CAUSE THE MARKET PRICE OF OUR
ADSs TO DROP SIGNIFICANTLY, EVEN IF OUR BUSINESS IS DOING WELL.
Some shareholders own 5% or more of our outstanding shares. We
cannot predict the effect, if any, that public sales of these
shares will have on the market price of our ADSs. If our
significant shareholders, or our directors and officers, sell
substantial amounts of our ADSs in the public market, or if the
public perceives that such sales could occur, this could have an
adverse impact on the market price of our ADSs, even if there is
no relationship between such sales and the performance of our
business.
Not applicable.
Our United States headquarters are located in Nashua, New
Hampshire where we lease an aggregate of 69,053 square
feet. We have one lease for 43,653 square feet of space and
a second for 25,400 square feet of space. The leases for
both locations expire in June 2009. In addition to our
U.S. headquarters our other primary facilities are located
in Dublin, Ireland; Norwood, Massachusetts; Fredericton, New
Brunswick, Canada and Scottsdale, Arizona.
In Ireland, we currently lease and occupy a 35,421 square
foot facility in Dublin, which primarily houses our main content
development center. In addition, we currently lease two other
facilities in Dublin totaling approximately 28,814 square
feet. These spaces have been vacated and the operations
previously performed in these facilities have been consolidated
into the 35,421 square foot facility.
In Norwood, Massachusetts, we currently lease and occupy
10,658 square feet. This facility houses the operations of
our Books24x7 subsidiary under a lease that expires in December
2010.
In Scottsdale, Arizona, where part of our telesales operation is
located, we currently lease a total of 38,544 sq ft. The lease
for 15,000 sq ft at this location expires in June 2008 and the
lease for the remainder of the space expires in January 2013.
In Canada, we currently lease a total of 47,906 square feet
in Fredericton, New Brunswick between two buildings. A portion
of one building is subleased. The Fredericton facility primarily
houses our mentoring operations, telesales and certain customer
service and support personnel and the lease expires in August
2008.
We also lease sales offices in a number of other countries
including the United Kingdom and Australia, and we lease a
development office in Belfast, Northern Ireland.
We believe that our existing facilities are adequate to meet our
current needs and that suitable additional or substitute space
will be available on commercially reasonable terms when needed.
RISKS RELATED TO OUR ADSs THE MARKET PRICE OF OUR ADSs MAY FLUCTUATE AND MAY NOT BE SUSTAINABLE. The market price of our ADSs has fluctuated significantly since our initial public offering and is likely to continue to be volatile. In addition, in recent years the stock market in general, and the market for shares of technology stocks in particular, have experienced extreme price and volume fluctuations, which have often been
Table of Contentsunrelated to the operating performance of affected companies. The market price of our ADSs may continue to experience significant fluctuations in the future, including fluctuations that are unrelated to our performance. As a result of these fluctuations in the price of our ADSs, it is difficult to predict what the price of our ADSs will be at any point in the future, and you may not be able to sell your ADSs at or above the price that you paid for them. SALES OF LARGE BLOCKS OF OUR ADSs COULD CAUSE THE MARKET PRICE OF OUR ADSs TO DROP SIGNIFICANTLY, EVEN IF OUR BUSINESS IS DOING WELL. Some shareholders own 5% or more of our outstanding shares. We cannot predict the effect, if any, that public sales of these shares will have on the market price of our ADSs. If our significant shareholders, or our directors and officers, sell substantial amounts of our ADSs in the public market, or if the public perceives that such sales could occur, this could have an adverse impact on the market price of our ADSs, even if there is no relationship between such sales and the performance of our business.
Not applicable.
Our United States headquarters are located in Nashua, New Hampshire where we lease an aggregate of 69,053 square feet. We have one lease for 43,653 square feet of space and a second for 25,400 square feet of space. The leases for both locations expire in June 2009. In addition to our U.S. headquarters our other primary facilities are located in Dublin, Ireland; Norwood, Massachusetts; Fredericton, New Brunswick, Canada and Scottsdale, Arizona. In Ireland, we currently lease and occupy a 35,421 square foot facility in Dublin, which primarily houses our main content development center. In addition, we currently lease two other facilities in Dublin totaling approximately 28,814 square feet. These spaces have been vacated and the operations previously performed in these facilities have been consolidated into the 35,421 square foot facility. In Norwood, Massachusetts, we currently lease and occupy 10,658 square feet. This facility houses the operations of our Books24x7 subsidiary under a lease that expires in December 2010. In Scottsdale, Arizona, where part of our telesales operation is located, we currently lease a total of 38,544 sq ft. The lease for 15,000 sq ft at this location expires in June 2008 and the lease for the remainder of the space expires in January 2013. In Canada, we currently lease a total of 47,906 square feet in Fredericton, New Brunswick between two buildings. A portion of one building is subleased. The Fredericton facility primarily houses our mentoring operations, telesales and certain customer service and support personnel and the lease expires in August 2008. We also lease sales offices in a number of other countries including the United Kingdom and Australia, and we lease a development office in Belfast, Northern Ireland. We believe that our existing facilities are adequate to meet our current needs and that suitable additional or substitute space will be available on commercially reasonable terms when needed.
This excerpt taken from the SKIL 10-K filed Apr 13, 2007. RISKS
RELATED TO OUR ADSs
THE MARKET
PRICE OF OUR ADSs MAY FLUCTUATE AND MAY NOT BE SUSTAINABLE.
The market price of our ADSs has fluctuated significantly since
our initial public offering and is likely to continue to be
volatile. In addition, in recent years the stock market in
general, and the market for shares of
Table of Contents
technology stocks in particular, have experienced extreme price
and volume fluctuations, which have often been unrelated to the
operating performance of affected companies. The market price of
our ADSs may continue to experience significant fluctuations in
the future, including fluctuations that are unrelated to our
performance. As a result of these fluctuations in the price of
our ADSs, it is difficult to predict what the price of our ADSs
will be at any point in the future, and you may not be able to
sell your ADSs at or above the price that you paid for them.
SALES OF
LARGE BLOCKS OF OUR ADSs COULD CAUSE THE MARKET PRICE OF OUR
ADSs TO DROP SIGNIFICANTLY, EVEN IF OUR BUSINESS IS DOING WELL.
Some shareholders own 5% or more of our outstanding shares. We
cannot predict the effect, if any, that public sales of these
shares will have on the market price of our ADSs. If our
significant shareholders, or our directors and officers, sell
substantial amounts of our ADSs in the public market, or if the
public perceives that such sales could occur, this could have an
adverse impact on the market price of our ADSs, even if there is
no relationship between such sales and the performance of our
business.
Not applicable.
Our United States headquarters are located in Nashua, New
Hampshire where we lease an aggregate of 69,053 square
feet. We have one lease for 43,653 square feet of space and
a second for 25,400 square feet of space. The leases for
both locations expire in June 2009. In addition to our
U.S. headquarters our other primary facilities are located
in Dublin, Ireland; Norwood, Massachusetts; and Fredericton, New
Brunswick, Canada.
In Ireland, we currently lease and occupy a 35,421 square
foot facility in Dublin, which primarily houses our main content
development center. In addition, we currently lease two other
facilities in Dublin totaling approximately 28,814 square
feet. These spaces have been vacated and the operations
previously performed in these facilities have been consolidated
into the 35,421 square foot facility.
In Norwood, Massachusetts, we currently lease and occupy
10,658 square feet. This facility houses the operations of
our Books24x7.com subsidiary under a lease that expires in
December 2010.
In Canada, we currently lease a total of 47,906 square feet
in Fredericton, New Brunswick between two buildings. A portion
of one building is subleased. The Fredericton facility primarily
houses our mentoring operations, telesales and certain customer
service and support personnel and the lease expires in August
2008.
We also lease sales offices in a number of other countries
including the United Kingdom and Australia, and we lease a
development office in Belfast, Northern Ireland.
We believe that our existing facilities are adequate to meet our
current needs and that suitable additional or substitute space
will be available on commercially reasonable terms when needed.
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