1342108--10/29/2008--PetroNational_Corp.

related topics
{stock, price, share}
{gas, price, oil}
{interest, director, officer}
{personnel, key, retain}
{control, financial, internal}
{acquisition, growth, future}
{provision, law, control}
{regulation, change, law}
{loan, real, estate}
Risks Relating to our Business Our limited operating history may not serve as an adequate basis to judge our future prospects and results of operations. We have incurred losses in prior periods and may incur losses in the future. We will require additional funding in the future. Our acquisitions may not be successful. A decline in the price of our common stock could affect our ability to raise further working capital and adversely impact our operations. We are a new entrant into the oil and gas industry. Properties that we acquire may not produce as projected. The potential profitability of oil and gas ventures depends upon factors beyond our control. The oil and gas industry is highly competitive. Our business depends substantially on the continuing efforts of our executive officers and directors, force, and our business may be severely disrupted if we lose their services. Inability of Our Officers and Directors to Devote Sufficient Time to the Operation of the Business May Limit Our Success. Certain of our officers and directors may be subject to conflicts of interest. If we are unable to attract, train and retain technical personnel, our business may be materially and adversely affected. Risks Relating to an Investment in our Securities We have received a going concern opinion from our independent auditors. If we grant employee share options and other share-based compensation in the future, our net income could be adversely affected. We are subject to corporate governance and internal control reporting requirements, and our costs related to compliance with, or our failure to comply with existing and future requirements, could adversely affect our business. Investors may face significant restrictions on the resale of our common stock due to federal regulations of penny stock. Nevada law and our articles of incorporation authorize us to issue shares of stock, which shares may cause substantial dilution to our existing shareholders and/or have rights and preferences greater than our common stock. The public market for our securities is illiquid and our stock price may be volatile.

Full 10-K form ▸

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