Pier 1 2009 Annual Report Download - page 21

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Failure to maintain the NYSE listing could negatively impact the Company by reducing the
number of investors willing to hold or acquire the Company’s stock, which could limit the ability to
raise capital by issuing additional shares in the future. It could also negatively impact the perception of
the Company’s financial situation which may cause some vendors, creditors and other business partners
to impose less favorable terms on the Company or cease to conduct business with the Company. In
addition, the perceived value of equity incentive awards granted to employees could deteriorate
significantly, thereby negating the goal of retaining key employees with equity incentive awards.
Item 1B. Unresolved Staff Comments.
None.
14