WFT » Topics » The anticipated benefits of moving our principal executive offices to Switzerland may not be realized, and difficulties in connection with moving our principal executive offices could have an adverse effect on us.

These excerpts taken from the WFT 10-K filed Feb 24, 2009.
The anticipated benefits of moving our principal executive offices to Switzerland may not be realized, and difficulties in connection with moving our principal executive offices could have an adverse effect on us.
 
In connection with the redomestication, we plan to relocate our principal executive offices from Houston, Texas to Zug, Switzerland with a branch office in Geneva, Switzerland. We expect that most of our executive officers, including our Chief Executive Officer, and other key decision makers will relocate to Switzerland. We may face significant challenges in relocating our executive offices to a different country, including difficulties in retaining and attracting officers, key personnel and other employees and challenges in maintaining principal executive offices in a country different from the country where other employees, including corporate support staff, are located. Employees may be uncertain about their future roles within our organization pending or following the completion of the redomestication. Management may also be required to devote substantial time to the


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redomestication and related matters, which could otherwise be devoted to focusing on ongoing business operations and other initiatives and opportunities. In addition, we may not realize the benefits we anticipate from the redomestication, including the benefit of moving to a location that is more centrally located within our area of worldwide operations. Any such difficulties could have an adverse effect on our business, results of operations or financial condition.
 
The
anticipated benefits of moving our principal executive offices
to Switzerland may not be realized, and difficulties in
connection with moving our principal executive offices could
have an adverse effect on us.



 



In connection with the redomestication, we plan to relocate our
principal executive offices from Houston, Texas to Zug,
Switzerland with a branch office in Geneva, Switzerland. We
expect that most of our executive officers, including our Chief
Executive Officer, and other key decision makers will relocate
to Switzerland. We may face significant challenges in relocating
our executive offices to a different country, including
difficulties in retaining and attracting officers, key personnel
and other employees and challenges in maintaining principal
executive offices in a country different from the country where
other employees, including corporate support staff, are located.
Employees may be uncertain about their future roles within our
organization pending or following the completion of the
redomestication. Management may also be required to devote
substantial time to the





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Table of Contents






redomestication and related matters, which could otherwise be
devoted to focusing on ongoing business operations and other
initiatives and opportunities. In addition, we may not realize
the benefits we anticipate from the redomestication, including
the benefit of moving to a location that is more centrally
located within our area of worldwide operations. Any such
difficulties could have an adverse effect on our business,
results of operations or financial condition.


 




This excerpt taken from the WFT DEF 14A filed Jan 15, 2009.
The anticipated benefits of moving our principal executive offices to Switzerland may not be realized, and difficulties in connection with moving our principal executive offices could have an adverse effect on us.
 
In connection with the redomestication, we plan to relocate our principal executive offices from Houston, Texas to Zug, Switzerland with a branch office in Geneva, Switzerland. We expect that most of our executive officers, including our Chief Executive Officer, and other key decision makers will relocate to Switzerland. We may face significant challenges in relocating our executive offices to a different country, including difficulties in retaining and attracting officers, key personnel and other employees and challenges in maintaining principal executive offices in a country different from the country where other employees, including corporate support staff, are located. Employees may be uncertain about their future roles within our organization pending or following the completion of the redomestication. Management may also be required to devote substantial time to the redomestication and related matters, which could otherwise be devoted to focusing on ongoing business operations and other initiatives and opportunities. In addition, we may not realize the benefits we anticipate from the redomestication, including the benefit of moving to a location that is more centrally located within our area of worldwide operations. See “The Redomestication — Background and Reasons for the Redomestication.” Any such difficulties could have an adverse effect on our business, results of operations or financial condition.
 

"The anticipated benefits of moving our principal executive offices to Switzerland may not be realized, and difficulties in connection with moving our principal executive offices could have an adverse effect on us." elsewhere:

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