• Controlling Shareholders’ interest may eventually conflict with the investors’ interests;
• A net and brisk market for the Company’s shares may not develop, therefore limiting the possibility of security sales;
• The Company may need additional capital in the future, acquiring such capital by issuing securities which may result in dilution of investor participation in the Company’s Shares;

The Company’s By-Laws provides dispositions that may discourage acquisition of Company’s share control and hinder or delay transactions that may be interesting to the investor.