1024126--3/31/2008--GOLF_TRUST_OF_AMERICA

related topics

{personnel, key, retain}

{acquisition, growth, future}

{cost, regulation, environmental}

{stock, price, share}

{tax, income, asset}

{stock, price, operating}

Risks Associated with the Termination of the Plan of Liquidation and the Pursuit of Alternative Growth Strategies The Company will be confronted by significant challenges as it attempts to grow its operations. Our ability to utilize NOLs to offset future taxable income could be reduced significantly, or eliminated, by our strategic plans following the termination of the Plan of Liquidation or events outside of our control. The market price of our common stock has been, and is likely to continue to be, highly volatile. If we fail to meet American Stock Exchange listing standards in the future, the American Stock Exchange could delist our securities from quotation on its exchange, which could limit investors' ability to complete transactions in our securities and subject us to additional trading restrictions. If we are unable to retain certain key executives and staff members to conduct normal business operations, financial results may be negatively impacted, as well as our ability to remain a timely filer. Risk Factors Relating to Stonehenge We face competition to acquire additional members to Stonehenge and maintain existing memberships. The operations of Stonehenge are subject to risks that could have an adverse affect on their financial performance. Ownership of Stonehenge could result in potential environmental liability.

Full 10-K form ▸

1024126--3/31/2008--GOLF_TRUST_OF_AMERICA_INC