1036968--3/29/2010--VAXGEN

related topics

{stock, price, share}

{control, financial, internal}

{provision, law, control}

{acquisition, growth, future}

{investment, property, distribution}

{operation, natural, condition}

{personnel, key, retain}

{product, liability, claim}

We may be unable to satisfactorily settle our lease obligation or sublease our manufacturing facility. We may need to raise additional capital to support our operations and in order to continue as a going concern if we successfully complete a strategic transaction. As a result of the reductions in our workforce that we announced throughout 2007 and 2008, we may not be successful in retaining key employees and in attracting qualified new employees as required in the future. If we are unable to retain our management or to attract additional qualified personnel, our ability to rebuild our business will be seriously jeopardized. We have only a limited operating history and we expect to continue to generate operating losses. Natural disasters, including earthquakes, may damage our facilities. We may become subject to product liability claims, which could result in damages that exceed our insurance coverage. We may be subject to claims that our employees or we have wrongfully used or disclosed alleged trade secrets of their former employers. We are not currently listed on a national exchange and there can be no assurance we will ever be listed. Our stockholders could experience substantial dilution as a result of the issuance of additional shares of common or preferred stock. Shares of our common stock eligible for future sale may adversely affect the market for our common stock. Our stock price is likely to be volatile. We have no history of paying dividends on our common stock. Our charter documents and Delaware law may discourage an acquisition of VaxGen.

Full 10-K form ▸

1036968--3/29/2010--VAXGEN_INC