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uWink...uWait...uWin...
Each penny is 2K - nice...
Currently holding 43,700 shares.
May...:)
Franchise Fee - $50,000 1st Store, $40,000 additional store per ADA
PER Mark Lubchenco...
·Area Development requires 50% ($20,000) per store deposit.
·Royalty Fee – 4%
·Advertising Fee – 1%
·Technology Fee – 2% pays for software upgrades, repair and return of defectives and a constant stream of new software content.
·Technology Equipment and Software, $3,125 per customer seat, includes all servers, terminals, power, audio, video equipment and installation (included in Estimated Opening Costs below).
·Estimated Opening Costs (all-in estimate, including build-out, technology package, pre-opening costs and working capital) - $1,645,000 to $3,472,000 (5,400 sf site)
·Conversion of existing restaurant can cost less.
Nancy Nino is the Investor Relations contact for uWink.
Back to Day Work - On Board in Evening.
Sí Señor, Pedro no speak well an he wear grande
Well...before you guys have me digging a ditch...
My power generation experience consists of 33+ years working with all levels of various power plant computers and process control systems. As a Process Controls Technician, I have performed numerous computer and control system installations, and technological enhancements to existing systems. I regularly perform maintenance, diagnostic testing, troubleshooting and repair on company DCS computers, Mainframe computers, microcomputers, and All levels of Power Plant Process Control Systems (and their associated I/O subsystems). This work is inclusive of each systems individual and interrelated digital, analog, electronic, electrical, pneumatic, and recordation instrumentation or devices. I am relied upon for complex technical corrections and implementation, investigative analysis and innovative solutions. I often lead team efforts and work on extensive special projects. I have written numerous computer-related procedures that are utilized by systems users. I am also relied upon to regularly come in for emergencies on computer control systems and process control systems 24/7.
In 1995, I created (and own) an IT company which is incorporated in Maryland (my side business). Through my company, I have initiated, developed, organized, directed, and managed a group of (up to 5) IT professionals providing Computer, Internet, Technical, Training, Consulting, Networking, and Web Design services. My IT representatives and I have been providing all-inclusive professional services throughout Southern Maryland to business owners and private individuals. My side business operations involve customer contacts and scheduling of technicians and equipment for multiple customer service appointments. I manage all aspects of the business, which include marketing, on-site technical services, computer/component/web site sales, productive vendor relationships, and positive client/customer relations. I also create procedures, specialized contracts, proposals, agreements, invoices, and multi-level presentations. I am proficient in building quality PC’s, performing software and hardware installations/upgrades, utilizing electronic test equipment and running diagnostics on numerous systems.
Through my own constant involvement and extensive research, I stay current with technological changes, and IT innovation. Attend FOSE and COMNET Expositions in Washington D.C. each year to assess new IT technology and strategies. Sole business responsibility for all legal, insurance, financial, budgetary and tax related issues.
Since I was 23 (now 52), have been active in the stock markets as an individual. I currently average over 200+ trades a year in a rolling 12 month period, and thereby pay only $8 commissions to Fidelity ($8 eligible at 120 trades), no matter how many shares I may trade, or the overall value of the transaction.
Oh Yeah, On Sundays I moonlight as a dishwasher in LA. - LOL!
Bid/Ask 1.26 X 1.30 (leaning on the $1.30).
? - are you asking what's the L2?
You may have guessed that Roulette is my game!
fwiw: I am also a blue collar guy sherlockzz. By the time we all meet in Vegas later on, there will likely be a uWink close by that we can converge on...
LOL! - uJust Won 10 Grand!, not me.
It really does Not Matter how many shares Each of us have here, as I clearly believe (IMO) we are All going to profit well on our own individual amounts (It’s really all about the Profit Percentages we may make, Not how many shares each of us can afford, or are comfortable with holding for awhile). Later on (in due time of course), I would really like to meet all the Longs here (Vegas Perhaps?), as I believe a Lot of us Share a Lot in common, besides just having shares…that should be a Good Time to look forward to!
Here is a Math Review with updated numbers at end of post.
For reference, I am reposting some past info released first...
”Dear Shareholder,
I wanted to personally thank you for your support and give you an assessment of the progress of uWink and our first restaurant. Today, I am very proud to announce that we believe that uWink has delivered strong proof of concept for the next innovation in the restaurant industry.
Since we opened the doors to our prototype restaurant in Woodland Hills, California on October 16, 2006, our monthly revenues have grown steadily from $30,000 in October to $87,000 in November to $161,000 in December to $185,000 in January ’07. We expect to continue our revenue growth as we layer in additional capacity and software designed to create activities that will add revenue streams and fill the restaurant during traditionally slow times.
With little promotion, we are currently serving approximately 3,000 – 3,500 guests per week in Woodland Hills, and these guests are playing between 50,000 and 60,000 games per week on our terminals. Our customers’ level of engagement with our entertainment offerings has far exceeded our expectations.
The uWink experience - the ambience, the food, the fun, the service – is attracting new customers everyday. We are currently running one hour-plus wait times on weekends. We will be adding additional inside and outside seating in the next few weeks to meet the current and growing crowds.”
From the SEC document:
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4927074&Type=HTML
“We believe that our concept has the ability to reach annual revenue of $3.5 million in the Woodland Hills location, equating to approximately $650 per square foot. Comparable restaurants, such as California Pizza Kitchen, generate average unit revenues of anywhere between $400 to $700 per square foot. We also believe that our touchscreen ordering feature, which eliminates the need for wait staff, will allow us to achieve labor costs savings that will help us generate higher annual per unit free cash flow than comparable fast-casual restaurant concepts. As we develop additional company-owned restaurants as well as franchised restaurants, we expect our concept to generate average per square foot unit revenue of $550, with technology-related labor cost savings continuing to result in higher free cash flow than comparable fast-casual concepts.”
My Math Thoughts:
Having done my own calculations awhile back based on the info above, their lease agreement expense, and with the full knowledge of all the other information I have read over the past 2 years regarding uWink, and with taking into account other info regarding other restaurants, and also taking into account uWink’s advantages over others… such as… reduced labor costs (5-7% less then others), and then again reconsidering and finalizing many factors (per seat revenue vs square footage (5400sq) / their bar revenue / etc.) and other feasible factors too numerous to get into (I am not now or later going to get into all my Actual calculations for anyone – it’s way too much work and time to do so).
Remember, Nolan’s Shareholder Letter Stated: $185,000 in revenues for January 2007. They have also stated inside seating was at 160 seats.
I believe we are probably looking at 50K to 60K a WEEK Now (55K a week average over a month), which should climb to 60K+ (in time). Now this would be BEFORE they added 49 more table seats outside, and will likely work in some more inside, and outside as well…This is also before Advertising that will come.
If you presume 145 (less bar) seats inside gives them $50,000/week, that's $345/seat.
Those 49 extra seats outside could add $16,905/week or $879,060/year (or more...).
FWIW: Hypothetically, I believe a Fully Tuned uWink prototype 'breakeven' point WILL RUN less then $140,000 a month (avg less then 35K a week). They are still tweaking their prototype, however a 'fully tuned' prototype should not be far away…
ALL IMO - Netman
Thanks RPT
Filled 9:54:16 - Holding 200,000 UWNK Shares.
9:54:16 : 4,900 shares at $1.24
AON Buy order in for 4,900 shares of UWNK.
ATT - How many times do I have to Repeat This Info before you Read it? Please try Reading their information provided with Comprehension. - The $857K as THEY HAVE SAID (and as I posted to you prior) is for "working capital purposes". For gods sake man, take the time to read ALL their information!
"On April 2, 2007, we completed the sale of $857,000 of convertible promissory notes to 19 accredited individual investors. The notes have a six month term, accrue interest at 10% and are secured by the assets of the Company. 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."
"We expect that we can currently satisfy our cash requirements for the next 2 to 3 months."
"As of the date of this report, we are not in default on any material debt obligation."
Apparently folks are CLEARLY Missing This Part in their release:
"that results in gross proceeds to us of at least $3,000,000."
Obviously (as THEY HAVE STATED), they plan to obtain even more money for this reason stated:
“In order for us TO OPEN ADDITIONAL company-owned restaurants in furtherance of our growth plans, we will, in all likelihood, need to raise additional capital.”
From one restaurant in the Los Angeles area, we plan on lively growth through both company owned restaurants and franchising. The uWink story continues to unfold as we open more restaurants, and execute on delivering our promise that uWink is simply about great food and good fun." (quoted from the Beta Site)
http://beta.uwink.com/about
"We are currently working to open other company-owned restaurants. In addition, we have completed the necessary filings to allow franchising in '36' states and are in the process of filing in the remaining states. We are currently qualifying potential franchisees and are in negotiations with others."
Copied from the Beta uWink Web Site Corporate Profile Page.
(I adjusted number of states to the current # per uwink.com site)
http://beta.uwink.com/corporateprofile
"We are targeting 5,000 - 10,000 square foot locations in high traffic shopping centers as the sites for future restaurants."
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4927074&Type=HTML
AGAIN ATT - "On April 2, 2007, we completed the sale of $857,000 of convertible promissory notes to 19 accredited individual investors. We are using the proceeds from this transaction for WORKING CAPITAL purposes."
__________________________________________________________________
Obviously (as THEY stated above), they have more money now to “satisfy cash requirements”.
Obviously (as THEY stated above), they plan to obtain even more money for the reason stated:
“In order for us TO OPEN ADDITIONAL company-owned restaurants in furtherance of our growth plans, we will, in all likelihood, need to raise additional capital.”
As we all should be aware by now…...Nolan Bushnell has clearly said New places are coming… And…as I have said before today, Proper Patience is required to Play.
Where we are going, is much more important to me, then where we have been…
Netman Note: I try to base my own trading decisions on my own DD, research, evaluation, constant re-evaluation, insight and observations. Current UWNK trading action is STILL reflecting short-term price action trading in the overall scheme of things (try to think longer intervals with stock reactions with perspective to the company results and company / products / franchise potential). I believe most of the true FMV of this diverse company has Yet to be priced in.
Of course, everyone else has to do their own DD, and then draw and constantly evaluate their own conclusions and then place their own bets accordingly. All just IMO (not advice / none given), we all make (and live with) our own investment and/or trading choices. I Wish You All the best in your own investment and/or trading decisions, I've obviously made mine...
That post was a Reply, as to WHEN I intend to sell my shares.
I simply indicated at what PPS I Would Sell my shares, and in what amounts.
I have Never made any future price predictions, and will Not start now. No one can reasonably estimate at what particular date or what future financial set of uWink parameters any particular PPS may be reached. Better to focus on analyzing all the current facts in front of All of us, as to where uWink (the company) is likely going, then getting into any guessing games about the future UWNK PPS.
Suffice it to say, I am willing to wait for my sell points noted. Presuming that the PPS will rise over months and years (a very reasonable presumption IMO), and knowing I will be holding 200K shares as of the close of trading today, it should not be any surprise that I would already have a plan formulated when I would sell various XXK amounts, and when I would reevaluate my future remaining UWNK holdings. As an individual investor, (with no affiliations whatsoever to uWink the company), I have been buying UWNK with full intentions to make money off of it!
And as I said before in that reply…
Of course, UWNK reaching those $$ amounts are entirely based on my opinions.
Netman Note: I try to base my own trading decisions on my own DD, research, evaluation, constant re-evaluation, insight and observations. Current UWNK trading action is STILL reflecting short-term price action trading in the overall scheme of things (try to think longer intervals with stock reactions with perspective to the company results and company / products / franchise potential). I believe most of the true FMV of this diverse company has Yet to be priced in.
Of course, everyone else has to do their own DD, and then draw and constantly evaluate their own conclusions and then place their own bets accordingly. All just IMO (not advice / none given), we all make (and live with) our own investment and/or trading choices. I Wish You All the best in your own investment and/or trading decisions, I've obviously made mine...
You are Really Embarrassing Yourself now...
Post all the BS you want, it means Nothing to me.
Amazing how you went from an "Investor" to Buffoon.
You always struck me as a Wannabe posing to be a player.
Loved That - Good One!
Do Not Take Vinny's Watch when They Offer it - LOL!
That is Not what I said...
The point is if you, or others, want to consider posts from a known liar and BS poster, and then respond to a known liar and BS poster, thereby propagating more such posts, then by all means pay more attention to him and continue to respond to such posts. Enjoy your misconstrued maligned misinformation you will continue to receive BY responding, and thereby encouraging More such behavior.
Consider reading and digesting an ID’s past posts, before Considering their next one.
Remember… "He who made Kittens put Snakes in the grass." - JT
Hussler has also said..............
#9891 "this is my last post on this board forever"
Not his first lie...Once a liar, Always a liar...
(remember...it's not Libel, when it's proven to be a Lie)
That Deserves a Double LOL!!!
There is no need to worry about me "dumping".
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...
Above Note: The numbers above do not include my 30K 'note'.
________________________________________________________________
Of course, UWNK reaching the $$ amounts above are entirely based on my opinions.
Netman Note: I try to base my own trading decisions on my own DD, research, evaluation, constant re-evaluation, insight and observations. Current UWNK trading action is STILL reflecting short-term price action trading in the overall scheme of things (try to think longer intervals with stock reactions with perspective to the company results and company / products / franchise potential). I believe most of the true FMV of this diverse company has Yet to be priced in.
Of course, everyone else has to do their own DD, and then draw and constantly evaluate their own conclusions and then place their own bets accordingly. All just IMO (not advice / none given), we all make (and live with) our own investment and/or trading choices. I Wish You All the best in your own investment and/or trading decisions, I've obviously made mine...
Stackman...the answer to your question...
When Another Stock Trade clears tomorrow
I will then buy another 4,900 shares of UWNK
which will bring me up to 200,000 UWNK shares.
Regards, Netman
Just Filled My 4K
AON Buy Order now in for 4K more...
btw: Apparently some folks are also Missing This Part in their release:
"that results in gross proceeds to us of at least $3,000,000."
Obviously (as THEY HAVE STATED), they plan to obtain even more money for this reason stated:
“In order for us TO OPEN ADDITIONAL company-owned restaurants in furtherance of our growth plans, we will, in all likelihood, need to raise additional capital.”
Their release indicated they ARE SEEKING additional financing.
"On April 2, 2007, we completed the sale of $857,000 of convertible promissory notes to 19 accredited individual investors. The notes have a six month term, accrue interest at 10% and are secured by the assets of the Company. 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."
More BS! - "We expect that we can currently satisfy our cash requirements for the next 2 to 3 months."
"On April 2, 2007, we completed the sale of $857,000 of convertible promissory notes to 19 accredited individual investors. We are using the proceeds from this transaction FOR WORKING CAPITAL purposes."
You Wrote: "The sale on April 2, in my opinion, was to fund the extraordinary costs they have with SGA expenses. They'll go through that pretty quickly."
READ! More - Post Less!
Side Note Q - Will Trade, and Very Quickly!
uWink, uWait, uWin
Quite Right Brian, 'they' only have to go back to post #10597 (Just Last Friday) to find the last time their current 'as reported' finances status were mentioned on this board.
"On April 2, 2007, we completed the sale of $857,000 of convertible promissory notes to 19 accredited individual investors. The notes have a six month term, accrue interest at 10% and are secured by the assets of the Company. 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."
btw: Apparently folks are also Missing This Part in their release:
"that results in gross proceeds to us of at least $3,000,000."
Obviously (as THEY HAVE STATED), they plan to obtain even more money for this reason stated:
“In order for us TO OPEN ADDITIONAL company-owned restaurants in furtherance of our growth plans, we will, in all likelihood, need to raise additional capital.”
more btw: If all you Doom & Gloom guys are Still having so much trouble putting it all together...then go read #10597 and many other past posts here, OR JUST READ the uWink SEC documents. - Nolan and his Team have always been very clear and very forthcoming about what they are currently doing, and what they will do.
even more btw: For those D&G guys that can actually read (with comprehension), I do not see how all the past PR releases combined with the SEC Documents could ever be misinterpreted. It's becoming frankly amusing what Some here will blurt out and/or claim to be absolutely true...The D&G guys very own words scream volumes what they really know about this company, and also their own intentions...with each of their posts.
Hussler has said..............
#9891 "this is my last post on this board forever"
Not his first lie...Once a liar, Always a liar...
(remember...it's not Libel, when it's proven to be a Lie)
Good Morning uWinkers!
uWink...uWait...uWin...
Happy Last Week, Happy This Week, Happy Next Week
$$$,$$$ now
becomes......
$,$$$,$$$ later
Years of [$] Happiness Awaits…
uWink...uWait...uWin...
Sad Day in VA - 32 confirmed dead.