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VLG » Topics » We may need additional capital to finance our acquisitions, which may limit our ability to successfully grow through acquisitions or require us to accept unfavorable financing terms in connection with a potential acquisition.This excerpt taken from the VLG 10-K filed Sep 28, 2006. We may
need additional capital to finance our acquisitions, which may
limit our ability to successfully grow through acquisitions or
require us to accept unfavorable financing terms in connection
with a potential acquisition.
Our acquisitions have historically been debt financed, and we
expect that future acquisitions will be financed primarily with
internally-generated funds supplemented with borrowings under
our revolving credit facility and seller financing as necessary.
We may not be able to obtain financing when needed or on terms
favorable to us. This may limit our ability to execute our
growth strategy successfully or require us to accept unfavorable
financing terms. We do not currently use shares of our common
stock or other securities as consideration for acquisitions, but
we may do so in the future and may issue common stock to raise
cash that is used in acquisitions. If we decide to acquire
businesses through the issuance of equity or convertible debt
securities, the percentage ownership of our shareholders would
be reduced and these securities might have rights, preferences
and privileges senior to those of our current shareholders and
purchasers in this offering.
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