NetZero 2011 Annual Report Download - page 84
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Table of Contents
terms of our debt could materially and adversely affect our ability to obtain additional capital as well as the terms at which such capital might be
offered to us. We currently expect to have sufficient liquidity to fulfill our debt service obligations, at least in the next twelve months. FTD
Group, Inc. was in compliance with all covenants under the Credit Agreement at December 31, 2011.
If we need to raise additional capital through public or private debt or equity financings, strategic relationships or other arrangements, this
capital might not be available to us in a timely manner, on acceptable terms, or at all. Our failure to raise sufficient capital when needed could
severely constrain or prevent us from, among other factors, developing new or enhancing existing services or products, repurchasing our
common stock, acquiring other services, businesses or technologies or funding significant capital expenditures and/or purchases of intangible
assets, including rights, content and intellectual property, and have a material adverse effect on our business, financial position, results of
operations, and cash flows as well as impair our ability to pay future dividends and our ability to service our debt obligations. If additional funds
were raised through the issuance of equity or convertible debt securities, the percentage of stock owned by the then-current stockholders could
be reduced. Furthermore, such equity or any debt securities that we issue might have rights, preferences or privileges senior to holders of our
common stock. In addition, trends in the securities and credit markets may restrict our ability to raise any such additional funds, at least in the
near term.
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