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I will continue my "gamble" with 53K Shares held
Rawnoc - Rice Paper with Lead Ink Recall - LOL!
Some folks are clearly on the wrong page of the story...
Am Back Out...
Bought another few uwki shares instead Brian
Bought the 250K at 12:21 - Holding 1 Mill
Bought a few more uwki shares...
Buy in for Another 250K - Will Hold Total = 1 Mill
Out Again
Hopefully you will not get that OP.
Hopefully $$M / AMEX will happen this week.
My 52.5K has been awaiting this week…
As said 8/11/07..."My Hold and Wait"
Bought back in at .145 - just 6K shares
Was trading this consistently from Nov 06 - March 07, and was in heavy back in 2005-2006...
Am back in today (a small position) at $.58
Am Back In CMGI as of today at $1.54
Had Bought 3/27/07 at $2.38
Sold Same on 4/02/07 at $2.18
Yep, being 'overvalued' is why I got in on it...
Heck, I think it is so darn overvalued that I might sell my other stocks, my house, 4 cars, and pimp out two of the girlfriends so I can buy some more uwki (uww/amex soon!).
:)...:)
LOL!
"You don't really have to educate young people about what uWink is all about," says Martin. "You just have to expose them to it."
http://www.entrepreneur.com/magazine/entrepreneur/2007/september/183032.html
Form 10QSB for UWINK, INC. 8/17/07
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
PLAN OF OPERATION - UWINK RESTAURANT
We are currently operating and continuing to develop an entertainment restaurant concept named uWink. We opened our first uWink restaurant in the Westfield Promenade Shopping Center in Woodland Hills, California (Los Angeles area) on October 16, 2006. We have secured an approximately 10 year lease on this location.
We spent approximately $1,000,000 to build out and equip the Woodland Hills location for our first restaurant, including approximately $400,000 on leasehold improvements; $375,000 on technology, furniture and fixtures; $180,000 on certain "pre-opening" expenses (including staffing, staff training and menu development costs and initial inventory); and $75,000 on licenses.
As of the date of this report, we employ 18 people on a full-time basis, seven of whom are corporate management and staff, five of whom are engineering staff and six of whom are operations staff. We are currently outsourcing, and plan to continue to outsource, certain software engineering personnel. In addition, to staff the restaurant, we employ an executive chef, six managers and 64 full-time and part-time non-managerial restaurant staff.
Our growth strategy is to open three to six additional company-owned and/or managed restaurants within the next six to twelve months and to franchise our concept, focusing on multiple-unit area development agreements. We are targeting a mix of one-third company-owned restaurants and two-thirds franchised restaurants. We expect we will also seek to generate additional revenue through the sale of media equipment to franchisees. In addition, we believe that our concept is well suited for specialized locations, including airports and schools, and we are pursuing opportunities in these areas.
On May 1, 2007, we announced the signing of a letter of intent to open a new restaurant location at the Promenade at Howard Hughes Center in Los Angeles, California. On June 7, 2007, we reached agreement in principle with the landlord on the terms of a lease agreement relating to this location.
On May 7, 2007, we announced the signing of a letter of intent to open a new restaurant location at the Hollywood & Highland Center in Hollywood, California.
On August 6, 2007, we announced the signing of a letter of intent to open a new restaurant location at the Galleria Dallas in Dallas, Texas.
Each of these transactions remain subject to the negotiation and execution of a definitive lease agreement. Assuming prompt execution of the definitive lease agreements for these locations, we expect these locations to be open by early to mid 2008. In order for us to open these new locations, as well as additional company-owned restaurants, in furtherance of our growth plans, we will, in all likelihood, need to raise additional capital.
On June 8, 2007, our subsidiary, uWink Franchise Corporation, entered into an area development agreement with OCC Partners, LLC for our first three planned franchised restaurants to be built in Miami-Dade County, Florida, over the next four years.
Also in June 2007, we announced plans to establish a joint venture in Canada with Jefferson Partners, a leading Canadian venture capital firm, to develop the Canadian market for uWink restaurants and related uWink products and services. We expect that the Canadian joint venture, in which we will have an initial 50% equity interest, will be independently funded in Canada and be managed in conjunction with an experienced Canadian restaurant operator to be selected by us and Jefferson Partners. Subject to prompt negotiation and execution of definitive agreements, we expect the first Canadian uWink to open late winter or early spring of 2008.
As of the date of this report, we do not have any material commitments for capital expenditures.
We expect that we can currently satisfy our cash requirements for the next 2 to 3 months. We expect to need to raise additional amounts of capital through the sale of our equity or debt securities within the next 2 to 3 months because we do not expect to have sufficient funds remaining following completion of the build out to fund our corporate overhead and expenses and growth; and we do not expect the cash flow from our first restaurant location to be sufficient to cover our corporate overhead and expenses and growth. A registration statement for the sale of up $15,000,000 of our common stock and warrants to purchase our common stock has been filed with the SEC and was declared effective on August 14, 2007. The offering of securities under this Registration Statement is on a "best efforts" basis and as of the date of this report, we have no commitments for the sale of our securities under the Registration Statement or otherwise, nor can we assure you that such funds will be available on commercially reasonable terms, if at all. Should we be unable to raise the required funds, our ability to finance our operations and growth will be materially adversely affected.
MANAGEMENT'S DISCUSSION AND ANALYSIS
GENERAL
The following discussion and analysis should be read in conjunction with our consolidated financial statements and related footnotes for the fiscal year ended January 2, 2007 included in our Annual Report on Form 10-KSB. The discussion of results, causes and trends should not be construed to imply any conclusion that such results or trends will necessarily continue in the future.
OVERVIEW
We are a developer and operator of digital media entertainment software and an interactive restaurant concept named uWink. Over the past three years, we have invested substantial time and capital in the development of the uWink Game Library comprising over 70 short-form video games, our proprietary "tabletop" touchscreen terminal and most recently, the development of our interactive restaurant concept.
The uWink restaurant concept was designed to create a fun, casual atmosphere where customers can enjoy freshly prepared, reasonably priced meals while interacting with our tabletop media, games and entertainment platform. Our intention is to define a new segment of the "casual dining" restaurant market by combining our proprietary tabletop food ordering and game/media delivery interface with the best elements of the fast-casual and casual full-service dining segments, including:
o A wide variety of freshly prepared dishes designed to appeal to a broad audience, from health-conscious to sinful, at attractive price points, with quick turnaround times;
o Full bar, including extensive wine list; and
o Delivery, catering and take out capabilities, along with full-service private party and meeting facilities supported by customized entertainment and presentation options.
In 2005, we made a strategic decision to reposition ourselves as an entertainment restaurant company. As a result, we wound down our SNAP! and Bear Shop manufacturing and sales operations and we did not enter the 2006 marketing cycle of tradeshows and advertising for SNAP! and Bear Shop. This decision also allowed us to liquidate inventory and product-related receivables. Given our perception of the market opportunity in combining dining with short form, social video gaming/entertainment and our management team's experience in the digital entertainment and restaurant industries, we believe that the restaurant project is the most cost effective way to monetize our investment in technology. As a result, we have licensed our SNAP! and the Bear Shop intellectual property to third party manufacturers in exchange for licensing fees. We do not expect material revenue from these agreements.
Going forward, our strategy is to leverage our network and entertainment software assets, including our uWink Game Library, to develop and operate the uWink interactive entertainment restaurant concept. The uWink concept is designed to allow customers to order food, drinks, games from the uWink Game Library and other digital media at the table through proprietary software and touchscreen terminals. This concept integrates food and our interactive entertainment software to provide what we believe to be a new entertainment dining experience. We believe that the software platforms and touchscreen terminals we have developed, and are continuing to develop, for our restaurant concept can be deployed in other restaurants, bars and mobile devices. While we have no current plans to do so, we may in the future seek opportunities to employ these assets in some or all of these other venues.
BASIS OF PRESENTATION
In 2006, with the commencement of restaurant operations, we adopted a 52/53-week fiscal year ending on the Tuesday closest to December 31st, and fiscal quarters ending on the Tuesday closest to March 31, June 30 and September 30, as applicable, for financial reporting purposes. As a result, our 2006 fiscal year ended on January 2, 2007, our fiscal first quarter 2007 ended on April 3, 2007 and our fiscal second quarter 2007 ended on July 3, 2007. For purposes of the following discussion, the six month periods ended July 3, 2007 and June 30, 2006 are sometimes referred to as fiscal quarters.
The accompanying consolidated financial statements, included elsewhere in this Quarterly Report on Form 10-QSB, have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation as a going concern. We have incurred a net loss of $2,641,057 for the six months ended July 3, 2007, and as of July 3, 2007, we had an accumulated deficit of $37,774,672. These conditions raise substantial doubt as to our ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might be necessary should we be unable to continue as a going concern.
RESULTS OF OPERATIONS
Fiscal second quarter 2007 compared with fiscal second quarter 2006.
Net sales for the three and six months ended July 3, 2007 increased by $659,011 and $1,187,518 (1,104% and 1,080%) to $718,694 and $1,297,570, from $59,683 and $110,052, respectively, for the same periods in 2006. In 2006, we wound down our SNAP! and Bear Shop manufacturing and sales operations and repositioned ourselves as an entertainment restaurant company. Revenue from our first restaurant, which opened on October 16, 2006, amounted to $1,239,972 (96% of total revenue) for the six months ended July 3, 2007. There was no revenue associated with our entertainment restaurant operations for the six months ended June 30, 2006. The other revenue for the six month period ended July 3, 2007 of $57,598 was generated through $20,000 of non-refundable franchise area development fees paid to us upon execution of our franchise area development agreement with OCC Partners; $2,000 of non-refundable franchise application fees; $14,000 of licensing revenue under our agreement with SNAP Leisure LLC; and the liquidation of $21,598 of our remaining SNAP! and Bear Shop inventories. 2006 revenue reflects the liquidation of part of our remaining SNAP! and Bear Shop inventories. In addition, we generated licensing revenue of $12,400 (11.3% of total revenue) in the first six months of 2006 from the licensing of some of our games to Mondobox LLC.
Cost of sales for the three and six month periods ended July 3, 2007 totaled $205,776 and $403,905, compared to $107,955 and $142,123 for same periods in 2006, representing an increase of $97,821 and $261,782 (91% and 184%), respectively. Cost of sales for our restaurant amounted to $394,120 (31.7% of restaurant revenue) in the six months ending July 3, 2007. As our restaurant matures and we continue to optimize our menu and menu cost structure and generate a greater percentage of media revenue, we expect that our restaurant cost of sales will drop to the 25%-27% (of restaurant revenue) range.
Non-restaurant cost of sales amounted to $9,785 for the first six months of 2007, as compared to $142,123 for the first six months of 2006. The decrease in non-restaurant cost of sales is attributable to lower SNAP! and Bear Shop sales volume resulting from our decision to wind down our SNAP! and Bear Shop operations. In addition, we sold 16 Bear Shop machines in the first six months of 2007 for $16,000. There was no cost of sales associated with these machines, as they had been fully reserved for in prior periods. As a result, our non-restaurant gross margin was 83% for the first six months of 2007. During the six months ended June 30, 2006, we wrote off $66,398 of uncollectible advances to suppliers to cost of good sold, resulting in negative gross profit of $32,071 for the six months ended June 30, 2006.
Selling, general and administrative expenses for the three and six months ended July 3, 2007 totaled $1,885,770 and $3,544,655, compared to $791,058 and $1,182,869 for the three and six months ended June 30, 2006, representing an increase of $1,094,712 and $2,361,786 (138% and 200%), respectively.
The increase in SG&A for the first six months of 2007 is attributable to $833,033 of restaurant SG&A in 2007 (including restaurant salary and benefits expense of $530,006); higher corporate salary expense ($931,611 in 2007 as compared to $341,163 in 2006); increased engineering consulting expense ($158,013 in 2007 versus $59,975 in 2006); higher legal, accounting and other professional expense ($357,542 in 2007 versus $162,157 in 2006); higher depreciation and amortization expense ($162,988 in 2007 versus $5,234 in 2006); and higher nominal stock option expense in 2007 resulting from the continued amortization of fair value expense of options issued prior to 2007, coupled with the recording of expense relating to the increased issuance of employee options in 2006 ($716,481 of expense for the second quarter of 2007 versus $231,957 of expense for the second quarter of 2006).
As a result, our loss from operations for the three and six months ended July 3, 2007 was $1,372,852 and $2,650,990, compared to a loss of $839,331 and $1,214,940 for the three and six months ended June 30, 2006, representing an increase of $533,521 and $1,436,050 (64% and 118%), respectively.
Total other income for the three and six months ended July 3, 2007 was $23,342 and $11,312, compared to other income of $130,748 and expense of $399,444 for the same periods in 2006, representing a decrease in expense for the first six months of 2007 of $410,756 (103%). This decrease was primarily attributable to the non-recurrence in 2007 of $345,684 of expense relating to the issuance of financing warrants in the first six months of 2006 coupled with $58,076 of gain on settlement of debt income recorded in 2007 resulting from the settlement at a discount of accounts payable owing to outside law firms.
As a result, our net loss for the three and six months ended July 3, 2007 totaled $1,349,510 and $2,641,057, compared to a net loss of $708,583 and $1,614,384 for the same periods in 2006, representing an increase of $640,927 and $1,026,673 (91% and 64%), respectively.
LIQUIDITY AND CAPITAL RESOURCES
As of July 3, 2007, our cash position was $415,797 and we had negative working capital of $2,890,466. Working capital represents our current assets minus our current liabilities and is related to our ability to pay short term debt as it becomes due.
On April 2, 2007, we completed the sale of $857,000 of convertible promissory notes to 19 accredited individual investors, including our CFO and the brother-in-law of our CEO ($25,000 of these proceeds were received from our CFO on April 10, 2007 and accordingly we issued the $25,000 note in favor of our CFO on that date). The notes have a six month term, accrue interest at 10% and are secured by our assets. The notes are convertible, at the option of the holder, into the same securities issued by us in (and on the same terms and conditions pari passu with the investors in) any offering of our securities that results in gross proceeds to us of at least $3,000,000. Upon conversion, the holder is entitled to receive, as a conversion incentive, additional securities equal to 20% of the aggregate principal value plus accrued interest converted.
On June 8, 2007, we sold $960,500 of convertible promissory notes to 16 individual accredited investors, including our CEO and the brother-in-law of our CEO. The notes have a six month term, accrue interest at 10% and are secured by our assets. The notes are convertible, at the option of the holder, into the same securities issued by us in (and on the same terms and conditions pari passu with the investors in) any offering of our securities that results in gross proceeds to us of at least $3,000,000. Upon conversion, the holder is entitled to receive, as a conversion incentive, additional securities equal to 20% of the aggregate principal value plus accrued interest converted.
Our debt at July 3, 2007 consisted of the following:
A $18,885 loan payable to our former Vice President of Marketing issued on various dates in 2004 and 2005, 10% interest secured by certain inventory and receivables, due November 14, 2007. On May 14, 2007, we amended the terms of this note to: reduce the interest rate from 12% to 10%; extend the term from February 15, 2007 to November 14, 2007; prohibit prepayments on the note; and make the principal and accrued interest outstanding under the note convertible, at the option of the holder, into the same securities issued by us in (and on the same terms and conditions pari passu with the investors in) any offering of our securities that results in gross proceeds to us of at least $3,000,000. Upon conversion, the holder will receive as a conversion incentive additional securities equal to 20% of the aggregate principal value plus accrued interest converted. Accrued interest of $98,466 outstanding on this note as of July 3, 2007 is included under accrued expenses on the balance sheet as of July 3, 2007. During the six month period ended July 3, 2007, we repaid $14,400 of this note in cash and credited $14,000 in receivables due from the holder against the principal balance of the note.
$1,492,500 of convertible notes in favor of 29 accredited investors with maturity dates ranging from August 12, 2007 to December 8, 2007. The notes accrue interest at 10%, are secured by our assets, and are convertible, at the option of the holder, into the same securities issued by us in (and on the same terms and conditions pari passu with the investors in) any offering of our securities that results in gross proceeds of at least $3,000,000. Upon conversion, the holder will receive as a conversion incentive additional securities equal to 20% of the aggregate principal value plus accrued interest converted.
Two convertible notes payable to Mr. Dennis Nino, brother-in-law of our CEO, totaling $175,000. A $50,000 note is due August 28, 2007 and a $125,000 note is due December 8, 2007. Each note accrues interest at 10%, is secured by our assets, and is convertible, at the option of Mr. Nino, into the same securities issued by us in (and on the same terms and conditions pari passu with the investors in) any offering of our securities that results in gross proceeds to us of at least $3,000,000. Upon conversion, Mr. Nino will receive as a conversion incentive additional securities equal to 20% of the aggregate principal value plus accrued interest converted.
A $125,000 convertible note payable to our CEO, Nolan Bushnell. The note is due December 8, 2007 and accrues interest at 10%, is secured by our assets, and is convertible, at the option of Mr. Bushnell, into the same securities issued by us in (and on the same terms and conditions pari passu with the investors in) any offering of our securities that results in gross proceeds to us of at least $3,000,000. Upon conversion, Mr. Bushnell will receive as a conversion incentive additional securities equal to 20% of the aggregate principal value plus accrued interest converted.
A $25,000 convertible note payable to our CFO, Peter Wilkniss. The note is due October 10, 2007 and accrues interest at 10%, is secured by our assets, and is convertible, at the option of Mr. Wilkniss, into the same securities issued by us in (and on the same terms and conditions pari passu with the investors in) any offering of our securities that results in gross proceeds to us of at least $3,000,000. Upon conversion, Mr. Wilkniss will receive as a conversion incentive additional securities equal to 20% of the aggregate principal value plus accrued interest converted.
As of the date of this report, we are not in default on any material debt obligation. We have filed as exhibits with the SEC all of our material financing arrangements.
CASH POSITION AND SOURCES AND USES OF CASH
Our cash and cash equivalents position as of July 3, 2007 was $415,797.
On April 2, 2007, we completed the sale of $857,000 of convertible promissory notes to 19 accredited individual investors ($25,000 of these proceeds were received on April 10, 2007). On June 8, 2007, we completed the sale of $960,500 of convertible promissory notes to 16 individual accredited investors. We are using the proceeds from these transactions for working capital purposes.
During the six months ended July 3, 2007, net cash used in operations was $1,624,508, compared to a use of cash of $520,588 for the six months ended June 30, 2006.
Our major uses of cash in operations in the first six months of 2007 were to pay cash employee compensation and benefits of approximately $1.4 million, cash non-salary restaurant operating expenses of $303,027 and cash rent expense of $170,985. The non-cash transactions that reduced cash used in operations relative to our net loss included: $716,481 of non-cash expense relating to employee stock options and restricted stock, $162,988 of depreciation and amortization expense, an increase in accrued expenses of $120,808 and an increase in our accrued payroll of $66,300.
Our major uses of cash in operations in the first six months of 2006 were to pay cash employee compensation of approximately $341,163 and cash rent expense of approximately $84,681. Our major source of operating cash during the first six months of 2006 was the sale of $111,331 worth of inventory. The non-cash transactions that reduced cash used in operations relative to our net loss included: $345,684 of non-cash expense related to the expensing of the fair value of financing warrants issued in the first two quarters of 2006; $231,957 of non-cash expense relating to employee stock options; an increase in our accrued payroll of $123,415; and the write off to cost of goods sold of $66,398 of uncollectible advances to suppliers.
During the six months ended July 3, 2007, we used $126,874 in our investing activities, largely related to equipping the outside patio area of our Woodland Hills, CA restaurant, computer hardware purchases and expense relating to new restaurant construction. During the six months ended June 30, 2006, we used $196,141 in our investing activities, largely reflecting capital expenditures relating to the construction of our Woodland Hills, CA restaurant.
During the six months ended July 3, 2007, our financing activities provided cash in the amount of $2,112,173, as compared to providing cash of $1,203,602 for the six months ended June 30, 2006. Net proceeds from debt issuance amounted to $1,780,580 in the first six months of 2007, largely due to the sale of $1,817,500 of convertible notes to 31 investors (including $175,000 from the brother-in-law of our CEO, $125,000 from our CEO and $25,000 from our CFO), as compared to net repayment of $247,000 in the first six months of 2006. In addition, we received cash proceeds of $331,593 from the exercise of warrants and options in the first six months of 2007. Other than proceeds from option and warrant exercises, we received no proceeds from the issuance of common stock to investors in the first six months of 2007, compared to net proceeds of $1,450,602 in the first six months of 2006.
CRITICAL ACCOUNTING POLICIES AND ESTIMATES
Our discussion and analysis of our consolidated financial condition and results of operations are based upon our consolidated financials statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates, including those related to allowance for doubtful accounts, inventory reserves, and value of our stock and options/warrants issued for services. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions; however, we believe that our estimates, including those for the above-described items, are reasonable.
SOFTWARE DEVELOPMENT COSTS
Software development costs related to computer games and network and terminal operating systems developed by us are capitalized in accordance with Statement of Financial Accounting Standards ("SFAS") No. 86, "Accounting for the Cost of Computer Software to be Sold, Leased, or Otherwise Marketed." Capitalization of software development costs begins upon the establishment of technological feasibility and is discontinued when the product is available for sale. When the software is a component part of a product, capitalization begins with the product reaches technological feasibility. The establishment of technological feasibility and the ongoing assessment for recoverability of capitalized software development costs require considerable judgment by management with respect to the completion of all planning, designing, coding and testing activities necessary to establish that the product can be produced to meet its design specifications and certain external factors including, but not limited to, anticipated future gross revenues, estimated economic life, and changes in software and hardware technologies. Capitalized software development costs are comprised primarily of salaries and direct payroll related costs and the purchase of existing software to be used in the our products.
Amortization of capitalized software development costs is provided on a product-by-product basis on the straight-line method over the estimated economic life of the products (not to exceed three years). Management periodically compares estimated net realizable value by product with the amount of software development costs capitalized for that product to ensure the amount capitalized is not in excess of the amount to be recovered through revenues. Any such excess of capitalized software development costs to expected net realizable value is expensed at that time.
REVENUE RECOGNITION
We recognize revenue related to software licenses in compliance with the American Institute of Certified Public Accountants ("AICPA") Statement of Position No. 97-2, "Software Revenue Recognition." Revenue is recognized when we deliver our touch screen pay-for-play game terminals to our customer and we believe that persuasive evidence of an arrangement exits, the fees are fixed or determinable, and collectibility of payment is probable. Included with the purchase of the touch screen terminals are licenses to use the games loaded on the terminals. The licenses for the games are in perpetuity, we have no obligation to provide upgrades or enhancements to the customer, and the customer has no right to any other future deliverables. We deliver the requested terminals for a fixed price either under agreements with customers or pursuant to purchase orders received from customers.
We do not have any contractual obligations to provide post sale support of our products. We do provide such support on a case by case basis and the costs of providing such support are expensed as incurred. We earned no revenue from post sale support during the periods presented.
Restaurant revenue from food, beverage and merchandise sales is recognized when payment is tendered at the point of sale. Revenue from the sale . . .
You are referring to My Post 10737 on 4/18/07
"As of tomorrow I will then be holding 200,000 shares.
I will tell you all Right Now when I will sell these shares."
"When UWNK exceeds $5.00 a share, I will sell 30K shares.
When UWNK exceeds $10.00 a share, I will sell 20K shares.
When UWNK exceeds $20.00 a share, I will Reevaluate uWink again..."
You may adjust the first one for $20, I May Sell 7,500 shares.
(it depends on how fast we get to $20 PPS - fast, no sale yet)
The other price points I will evaluate After we are on the AMEX for awhile... It's too early to say those yet, and way too late to stay up anymore tonight...night all...zzzzzzzzzzzzzzzzzzzzzzzz
uWink is the solution to Netman's quandary!
"Houlihan’s, Bennigan’s, Friday’s and Applebee’s, if you cover up the name it’s hard to distinguish them,” said Nicholas Hadgis, dean of the Widener University School of Hospitality Management. “I think they’ll have to become more seasonal and look to regional products as well, and try not to be as cookie-cutter nationwide.”
One factor driving fast casual success is the consumer experience.
Dover said for restaurant patrons it’s about control — of how long they linger and of how much they spend.
“Our society is going to more of a controlling society,” he said. “And this is just a facet of it — I can control my dining experience. It’s the cost, timing and location.”
Franchise expert Dick Rennick, founder of Team Rennick and the 2005 chairman of the International Franchise Association, said fast casual popularity also comes down to customer service.
“I think it’s going to take enhancing their product and enhancing their customer service,” he said. “I’m not saying not think about the food, but the people coming in and ‘What can we do to make your day.’”
http://www.fastcasual.com/article.php?id=8358&na=1
When my F-I-L was alive in CT, we often went to Costco there (he loved the place - over other stores). The thing I noted about Costo is a very devoted bunch of shoppers.
BTW: Very Interesting to find out how many various outlets carry these TRDY products...nice to see so many diverse stores.
Out almost 5 months, as posted 11212/11629 on 3/14
My last buy & subsequent sell was 2500 on the same day...as I could not see swinging on the then current volatility much longer. Have started reading the latest posts again, and see the board has gone from hype to wishing now. Besides the Trump name (which seems to be worth little in this case) what exactly are the reasons for buying or holding this play? Am not bashing folks choices to stay with this vodka thirst, am actually curious what makes this a buy/hold now at 69 cents...
And Yes, I've read this...
http://biz.yahoo.com/iw/070808/0287710.html
I see the gains...and this..."Net loss for the 2007 fiscal year was $9.4 million, or $0.14 per basic and diluted share, compared with a net loss of $5.8 million, or $0.10 per basic and diluted share for the fiscal year ended 2006."
If you guys are praying for a bunch of dudes to buy a big boatload (like me, and others), it might be a good idea to post some real good reasons to be buying this stock, instead of what I have been reading here...please realize, not bashing, not peeing in your flakes, do not currently own, and I never short (I last owned some at $2.22). Would just like to grasp what the consistent attraction is...? and a compelling reasoning to buy at this PPS range.
My Hold and Wait...
Answer - many others (like ID) More in uwki then any other...btw at work = limited posting...
FWIW - Bought a few more shares today...
FYI: A warrant is the right to purchase at an exercisable price (TBD) at a later time. In this case, a buyer (of stock in this offering) would be able to exercise their 'warrant' anytime on/or after the closing date of this offering - up to the fifth anniversary of the closing date. Please Note...the warrant is the 'right to purchase' (it's not 1/4 share for free).
The Point (advantage): PPS goes up, you have a set PPS (TBD) which can be exercisable when/if you choose to...
Sometime After Closing...expect to go from UWKI to UWW (AMEX)
BTW: The Proposed AMEX Symbol = UWW
Promo Video, It’s GREAT! – Will Attract New People!
http://beta.uwink.com/promo
To get the proper perspective of what the new promo video means to us all as uWink investors, the New Promo they have recently created, Really Needs to be viewed with Virgin uWink Eyes (from the perspective of those that have Yet to go there, and/or have Yet to invest in uWink stock).
For example…I for one have never been there. I bought well over 200,000 shares and invested an additional 30K in a convertible note (before the R/S) due to everything I knew, and continued to learn, based solely on my own extensive on-going DD, and somewhat on info from two good friends that have been there.
For those that have not ever been to uWink, and have yet to invest in uWink, this Promo Video is a Great way to entice them to go there, and/or buy the stock.
Examine what they accomplished with this video to entice and convince masses.
1) As the couple walks towards uWink, note the bilingual signage. Later on note the 4 Flags represented on-screen (Locals, National, International).
2) Note the extensive use of both sex’s, the various children (and the group child party shown), the various races very well represented, the varied ages of all the people, the varied types of all the people, the many happy people of all types and ages, the extensive fun to be had at a uWink.
3) Note the Food, Drinks, and Games Menus excellent representation.
4) Note the kitchen (the clean look), and the expedited service rendered.
5) Note the ideal usage of fast motion to quickly cover the décor, the atmosphere, the games, etc, etc. while conveying the subtle (sort of like a subliminal) positive message of a fast paced, action packed, fun to be had everywhere within a uWink… Marketing Message!
6) Note how well they conveyed the game play of the 6-player table.
7) Note the very well executed ‘Wink’ (uWink) by the blond at the right time!
Need I go on?, or does everyone get the idea of a very well done Marketing Strategy!
Just My FYI Observation - Netman
'Wink'in', drinkin' and gamin'
http://beta.uwink.com/pdf/20070718_NRN_Liddle.pdf
Personally...I Like the (New) Promo Video
http://beta.uwink.com/promo
Thanks Buddy!
Quite Right Fishy, I too have said 'worldwide' growth
Thanks for pointing out my Global World Domination typo.
What is best in life?
To crush your enemies, to see them driven before you, and to hear the lamentation of their women.
IMO: I believe uWink will far exceed everyone’s expectations. Their 1st playground in a grade C location has already far exceeded expectations.
uWink will grow to a National Chain.
NP panzer6 - Happy to be of help to you buddy
Technical Analysis as a buy op "criteria" - LOL
Stock Charting / TA / Chicken Bones Analysis / Tea Leaves
My viewpoint below refers to my own perspective on trusting any stock chart past time frame combined with one’s various selections of their preferred TA plotting.
IMO: With the sheer amount of money, emotions, and action in the market, the old TA written rules just do not apply. I have found 'trading by charts' not to be relative to current market trading. Perception becomes reality very quickly in this mass money momentum market. Charting or 'tossing the bones' analysis can be fun if you are not a chart-aholic. I also do not need to check my horoscope in the morning to see what is going to happen today, nor do I need to check it in the evening to justify that it somehow applies to the day’s events that have now passed.
Stock price action is redirected on a moment-by-moment basis on the current sum knowledge of All the market players and their actions, or their inaction, at any given moment in time. A chart analysis (of PAST EVENTS) is quite lovely to look at, fun to do, and is rendered obsolete the moment the market moves again in real time based on all the current reasons that are known NOW, that were not known just a moment prior (in real time), that the chart history (since chart trading is looking backwards to 'look' forward) does not include (simply because it IS based on history/trades of the Past Events).
In brief: Overall Perception will always become Reality very quickly in this global mass money momentum market. With the Sheer Amount of money, emotions (fear/greed/twits), big and small players, program trading, 401K's, mutual funds, and trader action now in the market, the old TA written rules just do not apply. Just because we as Traders/Investors will never know all that sum knowledge at each given moment a price action changes (We may not know, but that does not mean it does not exist to cause an action/reaction), some of us (not I) still like to chart the past events with TA indicators to try to foretell the near future. That's the problem with the future; it changes constantly based on the next set of current events/news/actions that have yet to occur.
A chart review of past events if you throw Enough TA at it can be viewed to make you conclude you should be able to anticipate direction, problem being that since you (nor I) do not really know everything (see: sum knowledge) about the stock, nor what event may occur next to invalidate your colorful nice plot, you may as well be tossing chicken bones each morning prior to 9:30am. - Try to base your own trading decisions on your own DD, evaluation, constant re-evaluation, and observations (try to think longer intervals with stock reactions with perspective to the company results and company/products potential). Everyone has to do their own DD, and then draw and constantly evaluate their own conclusions (and they will...), and then place their own bets accordingly.
The different Various Opinions (of all the market players - not just referring to the few posters here) all translate into various actions, which may translate into various market action, which makes the stock market the great grand chess game that it is. I enjoy That Market Game and respect all of the players here that actually have their own money in play, and not just their mouth.
BTW: You can be quite good at stock symbol charting, but if you intend to bet your own money on it, being good at charting should not make you believe it!
Regards, NETMAN
Welcome Aboard uNintendo!
Q1 - Yes
Q2 - Yes, a small part
who8me2k7 - the big guy - 'some words' as requested
RE: "the big guy"
TBG says “new to this board”. Note he is also new to IHUB as of today, Saturday, July 28, 2007.
TBG says he has a “methodology” he follows, but did not care to follow it when he says he bought 8000 UWNK at .30 cents. “uWink met only one of his own stated criteria” yet he bought it anyway in spite of his past “losses for several years” and the “I learned some hard lessons” commentary he had first chose to share…
TBG says “All i had to do was read a news article about a restaurant opening”
Back at .30 cents the “opening” news was a long way off from being announced at that time. I know…, as I too bought shares at .30 and such “news” then was not part of my own analysis at that time, as it did not Yet Exist. (fwiw: I sold those .30 shares of mine later, so I have always noted my own numerous buys from .45 cents up, as I still have all those shares from .45 and up – I myself prefer to post only accurate information for all my associates and friends benefit and consumption).
TBG says “UWKI sucks as an investment in the short term”
TBG says “Frankly, I just cannot see any stock at 5:00 as being worthwhile when it is losing .20/share”
TBG says “I have a Finance MBA”
TBG says “The bottom line is that nothing will happen until early next year (which in Nolan's time chart means mid-year).”
TBG later says “I am awaiting an intelligent reply.” AS HE responds to MWM “Hopefully you are responding to me.” When MWM clearly was responding to Another Poster...
TBG says “I have been watching this forum for awhile.”
Yet... he just created an ID today, bought back at .30, and NOW seeks intelligent discourse from anyone that will respond, as of his first IHUB post 7/28/07.
Well…who8me2k7 – As you know, I too always appreciate intelligent discussions, however there is faint hope for such discourse, in my responding to “the big guy” currently.
Regards, NETMAN
Dam, thought I had the coolest sig...
My Fidelity Accounts converted on the 26th stackman