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An investment in shares of Cassandra Oil is associated with risk. Below, in no particular order, the risk factors considered to be most significant to the Company's future financial performance and financial condition. The purpose of this section is to provide a picture of the risk environment Cassandra Oil operates in. All the risk factors can naturally not be described. A potential investor should make an overall assessment, including a general assessment of the environment.

Operational risks

Technical risks
Cassandra Oil technology has not been used in continuous industrial operation. If it should turn out that Cassandra Oil and reactor technology needs further development before it can be used industrially, this can result in substantial costs and delays.

New Organization
Cassandra Oil was formed in 2011 and the organization is under construction. There is no guarantee that Cassandra Oil will be able to build up the organization and recruit staff in the rate required to implement Cassandra Oil's business plan.

The single largest suppliers to the Oil Cassandra are Sjölanders Mechanical Workshops, ABB, SKF, Alfa Laval and Koteko, which delivers key components for Cassandras reactors. If the subcontractors would not be able to deliver the required capabilities, says Cassandra Oil-free, if necessary, select other external suppliers. However, there is a risk that high general demand causes a shortage of components of all identified subcontractors.

Patents Risks
Cassandra Oil's technology is patented. However, there is always a risk that competitors with or without intent to infringe Cassandra's rights. Should this occur, there is a risk that Cassandra Oil can not assert their full legal rights in a court case which could affect Cassandra Oil negative. The technologies Cassandra Oil uses or seeks to develop and commercialize, can also alleged to infringe the patents owned or controlled by another. If the third party would take action against Cassandra Oil, this can lead to Cassandra Oil forced to pay substantial damages. Uncertainty due to patent lawsuits or other legal action initiated and completed could have a material adverse effect on Cassandra Oil's ability to compete.

Know-how and confidentiality
In addition to patented products and technology using Cassandra Oil own know-how that is not protected by patents. Cassandra Oil strive to protect such information, including confidentiality agreements with employees, consultants and partners. However, there is no assurance that such agreements protect against disclosure of confidential information, rights of employees, consultants and partners' intellectual property rights or that the agreements provide adequate sanctions for breach. In addition, Cassandra Oil trade secrets otherwise become known or independently developed by competitors. If CassandraOils internal information and knowledge can not be protected, the business can be adversely affected.

Complex and changing regulations
The rules relating to waste management may change over time. Such changes can increase Cassandra Oil costs, hinder the sale of crude oil and the Cassandras have a material adverse effect on the Company's ability to generate revenue. Nor is there any guarantee that the rules that currently apply, or interpretations of these rules will not change in such a way that the Company's operations are affected negatively by a concomitant effect on earnings and financial position.

Contract Risks
Cassandra Oil has signed agreements with several partners and further agreements will most likely be concluded in future. Although considerable resources are devoted to contract with high quality legal, there is always a risk that Cassandra Oil unable to give up good enough agreement or protect against breach of contract in an acceptable way for the Company.

Product Liability
Fabrication and installation of Cassandras reactors following a series of certifications and inspections to the minimum degree of workmanship, material defects or errors in the manufacturing process and thereby ensure product reliability. There is a risk that errors still passing the controls or the controls are poorly constructed or designed. There is also a risk that external circumstances beyond anyone's control or ability to predict may cause reliability problems or breakdowns. The responsibility in such disorders depends on the circumstances of the case, but may end up with the company, suppliers, partners or other parties.

There are many companies who, like Cassandra Oil is engaged in oil production based on waste. There is a risk that more players will be added, thus increasing competition. Cassandra Oil is also a new player with new technology on the market. There is a risk that customers prefer to choose an established technology with a long history.

Market growth
The sharp expansion Cassandra Oil plans will bring major investment. If Cassandra failure to obtain financing or to use resources in the best way this could affect the company negatively.
Geopolitical riskCassandra Oil is and will be actively involved in several different countries. Risks may arise from changes in laws concerning foreign ownership, government participation, taxation, royalties, duties and exchange controls. In addition, Cassandra activities subject to political and economic uncertainties, expropriation of assets, cancellation or adjustment of contract rights, taxes, royalties, duties, foreign exchange restrictions and other hazards caused by foreign government control over areas where Cassandra is working in. The oil installations arepotential targets for military operations and terrorism. Risks can also arise as a result of civil war or insurrection.

Product liability and insurance
The Company's operations involve the risk of product liability, which is inherent in research and development, production, marketing and sale of oil. Although Cassandra Oil estimates that it has adequate insurance coverage, is extent of cover and amount of compensation is limited. There is therefore no guarantee that Cassandra Oil's insurance coverage provides full compensation for all purposes.

Cassandra Oil will use organic and potentially hazardous materials and waste. Cassandra Oil operations will be subject to a comprehensive regulatory framework governing the manufacture, storage, handling and disposal of such materials and waste products. Although Cassandra Oil's safety procedures for handling and disposal of such materials meet the required standards, it can not completely eliminate the risk of accidental contamination of or personal injury as a result of such material. If an accident would Cassandra Oil could be held liable or be required to pay a corporate fine and such liability could exceed Cassandra Oil's financial resources. Also, Cassandra Oil may face significant costs to meet future environmental laws and regulations.

Exchange rate fluctuations
Cassandra Oil's operations are subject to exchange rate risks. Most of Cassandra Oil's costs incurred in Swedish kronor, while a significant proportion of the potential revenues consist of payments in other currencies. As a result, lower exchange rates for U.S. dollars, euros or other foreign currencies against the Swedish krona have a negative impact on Cassandra's results and financial position.

Other Risks
In addition to operational and financial risks, the risk also consist of management, its board or shareholders do not get the right information to make the correct decisions in different situations, or they do not receive timely information. Other risks that the Company is exposed to include fire, traditional insurance risks and theft.

Risks relating to shares 
Value Fluctuation
The value of shares may be the future fluctuate significantly. Cassandra Oil's historical and projected operating results, changes in financial estimates by analysts for Cassandra, its industry or competitors, conditions and trends in the industries in which Cassandra Oil and its competitors are active.

Risks after listing of company shares
Turnover in Cassandra Oil shares may vary over periods and the distance between the bid and ask prices may from time to time be large. The liquidity of shares may be affected by a variety of internal and external factors. Among the internal include announcements of acquisitions of new companies, new products, technology shifts, quarterly variations in Cassandra Oil's operating results and changes in vinstoch revenue forecasts. The external include general economic conditions, economic downturns and other factors unrelated to the Company's business to do. Although fluctuations in the markets where Cassandra Oil operates can have significant impact on the company's share price. Shares may be sold on the market in an unusually large extent, or because of expectations that such sales will occur. Such divestitures can also make it difficult for Cassandra Oil in the future to raise capital by issuing shares or other securities.
Additional new issuesAny future new issues of shares may dilute the holdings of existing shareholders of the Company and thereby reduce the proportionate ownership and voting interest in, and earnings per share and net asset value per share. This can have a negative effect on the shares market.

Future dividend
The size of any future dividends to shareholders of Cassandra Oil is dependent on a number of factors such as income, financial position, cash flow and working capital needs. Only then a long-term viability can be predicted, the dividend to be done. Over the next few years there can be no dividend.

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