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TCM » Topics » Our future capital needs are uncertain and we may need to raise additional funds in the future.

This excerpt taken from the TCM 20-F filed Jun 30, 2008.

Our future capital needs are uncertain and we may need to raise additional funds in the future.

We may require additional cash resources in the future due to:

 

  •  

changed business conditions or other future developments;

 

  •  

the time and expenses required to obtain, regulatory clearances and approvals;

 

  •  

the resources we devote to developing, manufacturing, marketing and selling our products;

 

  •  

our ability to identify and our desire or need to pursue acquisitions or other investments; and

 

  •  

the extent to which our products generate market demand.

If we need to obtain external financing, we cannot assure you that financing will be available in the amounts or on the terms acceptable to us, if at all. Our future capital needs and other business reasons could require us to sell additional equity or debt securities or obtain credit facilities. The sale of additional equity or equity-linked securities could result in additional dilution to our then existing shareholders. The incurrence of indebtedness would result in an increase in our debt obligations and could result in operating and financing covenants that would restrict our operations.

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