Company: MGLD
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001493152-25-014286
Chunk: 77

Company: Marygold Companies, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 1
Chunk 77
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 team and the executive management teams from our
subsidiaries. The executive management teams that lead the Company and our subsidiaries are also highly experienced and possess
extensive skills in their respective industries. If Mr. Gerber were to become unavailable, there could be a material adverse impact on
our operations. However, the Company’s Board of Directors have the power and authority to fill a vacancy left by Mr. Gerber.
The ability to retain key personnel is important to our success and future growth. Competition for these professionals can be
intense, and we may not be able to retain and motivate our existing officers and senior employees and continue to compensate such
individuals competitively. The unexpected loss of the services of one or more of these individuals could have a detrimental effect
on our operations and negatively impact our financial condition or results of operations of our businesses and could hinder the
ability of our business and our subsidiaries to effectively compete in the various industries in which we operate.

We
need qualified personnel to manage and operate our subsidiaries.

Our
decentralized business model requires that we retain qualified and competent managers to continue day-to-day operations of our subsidiaries
and continue business operations in a changing political, business or regulatory environment. Our subsidiaries require qualified and
competent personnel to execute their business plans and continue servicing their clients, suppliers and other stakeholders. Our inability
to attract and retain qualified personnel to operate our business subsidiaries could negatively impact our operating results and our
overall financial condition that is important to our success and future growth.

14

Abnormally
wide bid/ask spreads and market disruptions that halt or disrupt trading or create extreme volatility could undermine investor confidence
in the ETP investment structure and limit investor acceptance of ETPs.

ETFs
trade on exchanges in market transactions that generally approximate the value of the referenced assets or underlying portfolio of
securities held by the particular ETF. Trading involves risks including the potential lack of an active market for fund shares,
abnormally wide bid/ask spreads (the difference between the prices at which shares of an ETF can be bought and sold) that can exist
for a variety of reasons and losses from trading. These risks can be exacerbated during periods when there is low demand for an ETF,
when the markets in the underlying investments are closed, when markets conditions are extremely volatile or when trading is
disrupted. This could result in limited growth or a reduction in the overall ETF market and result in our revenue not growing as
rapidly as it has in the recent past or even in a reduction