Tucows 2013 Annual Report Download - page 32

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Our share price has varied recently and the price of our common stock may decrease in the future, regardless of our
operating performance. Investors may be unable to resell their common stock following periods of volatility because of the
market’s adverse reaction to this volatility.
The following factors may contribute to this volatility:
•
actual or anticipated variations in our quarterly operating results;
•
interruptions in our services;
•
seasonality of the markets and businesses of our customers;
•
announcements of new technologies or new services by our company or our competitors;
•
our ability to accurately select appropriate business models and strategies;
•
the operating and stock price performance of other companies that investors may view as comparable to us;
•
news relating to our industry as a whole; and
•
news relating to trends in our markets.
The stock market in general, and the market for Internet-related companies in particular, including our company, has
experienced volatility. This volatility often has been unrelated to the operating performance of these companies. These broad
market and industry fluctuations may cause the price of our common stock to drop, regardless of our performance.
Future sales of shares of our common stock by our existing shareholders could cause our share price to fall.
If our shareholders sell substantial amounts of common stock in the public market, the market price of the common
stock could fall. The perception among investors that these sales will occur could also produce this effect.
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ITEM 1B. UNRESOLVED STAFF COMMENTS
Not applicable.
ITEM 2. PROPERTIES
We do not own any real property. Our principal administrative, engineering, marketing and sales office totals
approximately 26,937 square feet and is located in Toronto, Ontario under a lease that expires on December 31, 2020. In
addition, we also maintain offices of approximately 4,000 square feet in Starkville, Mississippi, approximately 2,900 square
feet in Bonn, Germany and approximately 500 square feet in Amsterdam, Netherlands.
Substantially all of our computer and communications hardware is located at our facilities or at server hosting
facilities in Toronto, Ontario and Ashburn, Virginia.
ITEM 3. LEGAL PROCEEDINGS
We are involved in various investigations, claims and lawsuits arising in the normal conduct of our business, none
of which, in our opinion, will materially harm our business. We cannot assure that we will prevail in any litigation.
Regardless of the outcome, any litigation may require us to incur significant litigation expense and may result in significant
diversion of management attention.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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