Risk Factors Update Summary
- Investment in Freedom VCM and Brian Kahn's relationship may adversely impact business, reputation, and stock price.
- Identified material weaknesses in internal control over financial reporting, with potential loss of investor confidence.
- Completed FRG take-private transaction and subsequent legal proceedings may negatively impact business. This change might result in increased legal expenses and financial losses.
- Identified weaknesses in internal controls and failure to remediate could lead to misstatement of financial statements.
- Increased market interest rates could decrease the value of senior notes and raise future borrowing costs.
- Brand investment portfolio revenues dependent on consumer finance receivables, with potential impact on financial condition.
- Potential losses due to unauthorized access to file systems, affecting cybersecurity and business operations.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1464790&owner=exclude
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