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TBG: uWink will distribute as a dividend one share of common stock of uWink Interactive, Inc. for each share of common stock of uWink, Inc. (sometime) after 1/15/09 (the distribution date is yet TBD), providing uWink has reduced the number of shareholders below 500 by 5pm 1/15/09, via their odd-lot (99 shares or less) offer...
The date of shareholder record for the odd-lot offer was 12/1/2008 (for shareholders who owned 99 or fewer shares as of the close of business on December 1, 2008). - These odd-lot holder shares need to be tendered by the 5pm 1/15/09 deadline, to qualify for the odd-lot offer terms.
Only Shareholders holding shares after 1/15/2009 will qualify for the upcoming spin-off distribution.
"If, after the completion of this Offer, we have fewer than 500 stockholders of record, we intend to deregister our common stock under the Exchange Act and become a non-reporting company. Moreover, once we deregister, we intend to spin-off our Technology Licensing business to shareholders as a separate non-reporting company."
RE: TBG: "There is not really much point in holding this stock in the short term."
'Point' BTW: Those that are not holding uWink stock shares past the odd-lot 1/15/09 tender deadline will Not be provided the Technology Licensing spin-off shares later on...
Yes...
Net Result = 2A
Answer in SC 13E3, that you will not read.
We expect our operating cash needs for the spin-off company to be approximately $1.4 million for calendar 2009. As of the date of this document, we do not have a definitive corporate and capitalization structure for the post-financing spin-off company to report to shareholders, as we expect those to be finalized during the capital raising process. We intend to provide that information in the information statement to be distributed to shareholders describing the spin-off (to the extent determined at the time of the spin-off). See "Information About the Company - Summary Consolidated and Proforma Financial Information" below for pre-financing proforma financial information regarding the spin-off.
We do not currently have plans to seek material additional investment capital for the Restaurant Operations business.
http://knobias.10kwizard.com/contents.php?ipage=6014693
NO, Cost noted as $27,600, not 200K TBG.
The record and beneficial stockholders who are eligible to participate in this Offer hold approximately 23,000 shares of the Company's common stock. This represents 0.2% of the total number of currently issued and outstanding shares. As a result, we do not anticipate any material impact on the relative stock ownership of the remaining stockholders.
Also, IF ALL eligible stockholders participate in this Offer, we expect to pay approximately $27,600 in the aggregate to purchase these shares, including the $20.00 payment to each stockholder to reimburse our annual servicing cost. As a result, we do not believe the completion of this Offer will have any material affect on our financial condition or results of operations. Purchases of stock and reimbursement of our estimated annual servicing costs will be funded with our cash and other liquid assets. We do not anticipate borrowing any funds to purchase shares in connection with this Offer.
All the information (of course) is in the filing...
http://knobias.10kwizard.com/contents.php?ipage=6014693
SPIN-OFF OUR TECHNOLOGY LICENSING BUSINESS TO SHAREHOLDERS AS A SEPARATE
NON-REPORTING COMPANY. We currently operate in two business segments: Technology
Licensing (which is conducted out of our wholly-owned subsidiary uWink
Interactive, Inc.) and Restaurant Operations (which is conduced out of our
wholly-owned subsidiary uWink California, Inc.). Once we become a non-reporting
company, we intend to spin-off our Technology Licensing business, via a stock
dividend, to our shareholders as a separate non-reporting company, as described
below.
We are still in the early stages of the development of each of our operating
businesses and our Board of Directors believes that spinning off our Technology
Licensing business, and concurrently eliminating the costs associated with being
a reporting company for each of our operating businesses, will improve the
prospects for raising growth capital for each segment as a standalone business
(because technology companies and restaurant companies generally appeal to
different types of investors, with different investment structures, and because
the overall cost structure for each of our operating businesses will be lower
once we eliminate the costs of being a reporting company).
Once we deregister, we intend to effect the spin-off of our Technology Licensing
business as follows:
We will distribute as a dividend one share of common stock of uWink Interactive,
Inc. for each share of common stock of uWink, Inc. held. This distribution will
be prorata to uWink. Inc. shareholders and will be without consideration from
uWink, Inc. shareholders.
COMPETE MORE EFFECTIVELY. Our Board of Directors believes that, once we
deregister and spin-off our Technology Licensing business as a separate
non-reporting company, each of our operating businesses will be able compete
more effectively in its markets. Most of our competitors in the interactive
hospitality software market are non-reporting companies and thus are not subject
to the expenses and other burdens of being a public reporting company. Of those
few that are reporting companies, virtually all have much larger revenue bases
and are thus better able to bear the expenses and other burdens of being a
public reporting company. Similarly, most of our restaurant competitors are
either reporting companies with much larger revenue bases or non-reporting
companies that operate free of public reporting company costs.
Our common stock is sporadically or "thinly" traded on the OTCBB, meaning that
the number of persons interested in purchasing our common stock at or near ask
prices at any given time may be relatively small or non-existent. This situation
is attributable to a number of factors, including the fact that we are a small
company which is relatively unknown to stock analysts, stock brokers,
institutional investors and others in the investment community that generate or
influence sales volume, and that even if we came to the attention of such
persons, they tend to be risk-averse and would be reluctant to follow an
unproven company such as ours or purchase or recommend the purchase of our
shares until such time as we became more seasoned and viable. On approximately
110 days during 2008, the daily trading volume in our common stock was under
10,000 shares and, on approximately 200 days during 2008, the daily trading
volume was under 50,000 shares.
The market for our common stock is also characterized by significant price
volatility when compared to seasoned issuers, and we expect that our share price
would continue to be more volatile than a seasoned issuer for the indefinite
future. Over the 52 week period ended on the record date, the closing price of
our common stock has ranged from $0.08 per share to $1.98 per share. The closing
price of our common stock on the record date was $0.15 per share. The volatility
in our share price is attributable to a number of factors. First, as noted
above, our common stock is sporadically or thinly traded. As a consequence of
this lack of liquidity, the trading of relatively small quantities of shares by
our stockholders may disproportionately influence the price of those shares in
either direction. The price for our shares could, for example, decline
precipitously in the event that a large number of shares of our common stock are
sold on the market without commensurate demand, as compared to a seasoned issuer
which could better absorb those sales without adverse impact on its share price.
Secondly, we are a speculative or "risky" investment due to our limited
operating history and lack of profits to date, lack of capital to execute our
business plan, and uncertainty of future market acceptance for our products. As
a consequence of this enhanced risk, more risk-adverse investors may, under the
fear of losing all or most of their investment in the event of negative news or
lack of progress, be more inclined to sell their shares on the market more
quickly and at greater discounts than would be the case with the stock of a
seasoned issuer. Many of these factors are beyond our control and may affect the
market price of our common stock, regardless of our operating performance.
Furthermore, so long as the trading price of our common stock is below $5 per
share, the open-market trading of our common stock is also subject to the "penny
stock" rules. Over the 52 week period ended on the record date, the closing
price of our common stock has ranged from $0.08 per share to $1.98 per share.
The closing price of our common stock on the record date was $0.15 per share.
The "penny stock" rules impose additional sales practice requirements on
broker-dealers who sell securities to persons other than established customers
and accredited investors (generally those with assets in excess of $1,000,000 or
annual income exceeding $200,000 or $300,000 together with their spouse). For
transactions covered by these rules, the broker-dealer must make a special
suitability determination for the purchase of securities and have received the
purchaser's written consent to the transaction before the purchase.
Additionally, for any transaction involving a penny stock, unless exempt, the
broker-dealer must deliver, before the transaction, a disclosure schedule
prescribed by the SEC relating to the penny stock market. The broker-dealer also
must disclose the commissions payable to both the broker-dealer and the
registered representative and current quotations for the securities. Finally,
monthly statements must be sent disclosing recent price information on the
limited market in penny stocks. These additional burdens imposed on
broker-dealers may restrict the ability or decrease the willingness of
broker-dealers to sell our common stock, and may result in decreased liquidity
for our common stock and increased transaction costs for sales and purchases of
our common stock as compared to other securities.
As a result of the foregoing factors, our Board of Directors believes that our
stockholders have been limited (and would continue to be limited) in recognizing
the primary benefit that should be available to stockholders of a publicly
traded company, which is the ability to buy and sell stock in a liquid market in
which accurate and timely pricing information is readily available.
18753: RE: Paragraph 3 - ...Later Dude...
Yes, I know, amount was from them, for filings only
Raw says "It's a great management move that increases UWKI's chance of surival."
BTW: Better said then the "RIP" Reaction posted prior...
Note: I have 225K UWKI position at this time.
No current shareholder of course currently ‘wants’ the pink sheet listing. - SEC associated 200K per year company cost savings, and to free up associated management time for business pursuits, are just some of their more obvious reasons…
The Technology Sales aspects of the business was Always the main plan for High Profit Margins (whether everyone understands that fact or not – am not going to delve into that detail again now) - Separating the Technology licensing / sales Now is for MANY Reasons, some of which are Client based, Deals in works- Based / Deals to be- Based, Finance Based, Profit Based, and/or Legality Based, etc.
Shareholders will receive an Additional share of ‘uWink Interactive’ for every share held as a uWink shareholder of record (later on). These ‘uWink Interactive’ restricted shares will also ‘later’ have a valuation as technology deals transpire…I will venture to say ‘later’ may be defined as 14-24 months..which I was looking at anyway…
"shareholders will receive restricted shares of the spin-off company"
The Pounded Stock PPS in its current form is obviously not benefitting any long term holders, and is not helping them in ratifying technology deals, or expressing overall stability to…
There are no doubt other uWink reasons to operate the restaurants under uWink California subsidiary, just as there are no doubt other uWink reasons to conduct technology business under uWink Interactive - Technology Licensing subsidiary (“…allow each of our operating businesses to compete more effectively in its respective markets,”). - Not going to speculate / define further at this time…
Their Technology Licensing subsidiary (created as of 11/08) and the California Restaurants subsidiary of uWink Inc. are being structured with the intent to facilitate a viable going-forward rationale, for quite a number of reasons…, as the two divisions (Restaurants & Technology Licensing) may now conduct their business independently…going-forward.
uWink, Inc. NOW has 2 subsidiary's / business segments
uWink Interactive - Technology Licensing
uWink California - Restaurant Operations
Not Defending…just posting current thoughts…call uWink for any questions…that require answers...
12/5/08: THE PLAN is ANNOUNCED
http://biz.yahoo.com/bw/081205/20081205005598.html?.v=1
CF Says: "I would say that the chance of uWink’s shares rising to around $1.00 or more per share are about 50/50"
"In the latest 10-Q filing, management went out of their way to explain in detail what’s going on..."
"According to management, uWink has not been able to make any formal announcements about these pilot/test projects until they become final, and they gain full approval for installation in more locations."
"Apparently, you don’t want to piss off the good folks at one of these major restaurant chains by announcing a deal too soon, or else they can pull the rug right out from under you before a deal is done."
"Rest assured, uWink’s management team, as well as their stockholders, are chomping at the bit to put out some good news and press releases related to these items, and I expect to see something concrete and more definitive within the next 6 months."
http://seekingalpha.com/article/108565-uwink-s-chances-of-survival?source=yahoo
2L2: uWink, Inc. has 2 subsidiary's / business segments
uWink Interactive - Technology Licensing
uWink California - Restaurant Operations
Having completed their prototyping and testing of their base technology platform, they are now licensing their proprietary software platform to third party operators (In addition, they also resell the touch screen terminals and server/network hardware required to run their software - They purchase the hardware that they resell from third party manufacturers).
Their Technology Licensing subsidiary (as of 11/08) and California Restaurants subsidiary of uWink Inc. are designed to facilitate a going-forward legality rationale. - Note that All Subsidiary Operations are part of uWink Inc. 2late2trnbck, and therefore our respective portion of our uwki shares...
Welcome - Netman
LMAO:Could not keep your word for 3 min
BYE TBS: Be a Man & Keep Your Word.
Keep Telling TBG That, I Appreciate it...
Yes PKG: Although the PPS looks bad at 10 cents (or whatever the PPS becomes soon), it does afford a Heck of an OP to AVG down for All investors in some great amounts now (if they have the resources to do so).
As Posted Prior... I have already added 34K at .52, .25, & .17 cents recently..., and now 50K at 10 cents. And it May suck (for me) next week that I will have added at 10 cents Today, or it may not...I am Still watching the Company and their Product Prospects More then the PPS (yes, even at the current 10 cents).
IN the 11/14/08 10-Q – Many deals are clearly noted to be already IN THE WORKS as they mentioned – And as you well know..I've already posted Some Relative Q Info on the board.
IMO – IF / When they ink these deals, and perhaps... as they mentioned in the Q, perhaps become a Chain Technology Provider for TWO Chains, and also just perhaps... do other deals not known yet...
The PPS MAY Rocket Up when these deals are done, And Also Announced (of course). - Their Software Sales Profit Margins Are SIMPLY HUGE – it’s what I was in this for FROM the Start – It’s what I am in this for Still, And it’s Likely it Will Happen yet...
Yes...It’s a race to do the deals in works before money runs down – They have At Least 6-9 months! - AS THEY STATED.
We All EITHER Win Big, or We Lose It All – That’s Always been the Reality, It just Looks Worse Now...
Regards, Netman
Both Orders Filled, 25K at .10 - Holding 225K
Filled 25K at 1:08 PM
Filled 25K at 1:12 PM
Saves Me a Trip to Casino in Vegas Baby! - LOL!
11-14-08 10-Q = The Following INFO = Additional Terminals Expansion in FLA Airport (+ Chili's Chain Opportunity Now), + ANOTHER Seperate Airport Deal, + Two Seperate Stadiums, + A QSR in Texas (+ ANOTHER Chain Opportunity Now), and "WE CAN CURRENTLY SATISFY OUR CASH REQUREMENTS FOR THE NEXT 6-9 MONTHS." (which allows time for a Lot of Deals to bring in Revenue IMO) - AND... 'Perhaps' Other... Quite Different Additional Deal Types... Not Mentioned Yet...IMO
From the 10-Q: “Our technology isn’t just for sit down restaurants. We think it also works well in all kinds of other hospitality environments - from quick service to fast casual to airports to hotels to stadiums. Pretty much anywhere in the world (remember we run in all the major languages) you have to wait to order/pay and/or could use something fun to do. We believe that technologies like ours are the future of the hospitality industry.”
From the 10-Q: “The hospitality industry is a global industry comprising a number of industry segments, including lodging, table service restaurants, quick service restaurants, entertainment venues (e.g., stadiums and arenas), business foodservice operations, Casinos, transportation foodservice, government operations, and cruise ships.”
Netman
Both Orders in for 25K Shares AON at .10
2nd Order in for 25K Shares AON at .09
Chg Order in for 25K Shares AON at .09
TBG/John Cross REPLY - Chris Fernandez Says:
November 20th, 2008 at 2:29 pm
John,
Save your negativity man….I will have a report on uWink’s 10-Q shortly, and yea, suffice it to say, it was not pretty in terms of RESTAURANTS, but if you talk to management at all, like I do, and actually understand the trajectory of this company, you will see that they are really not in the restaurant business at all.
In fact, as of now, all 3 locations are self sufficient, and cash flow even to positive.
In the mean time, as also evidenced in the Q, they are hard at work at tons of deals left and right that will yield meaningful revenue and involve large deals that are as yet to be announced.
Can uWink go to 0? Yep, that’s why its a 10 Risk stock, and I explain that clearly to everyone, every time I write about it.
But as part of a balanced portfolio, and a small position, it is well worth the risk, especially at these levels.
In fact it is trading below cash value even though the cash will run out in less than 6 months, and less than tangible book value, even if you assume uWink has overstated the value of those assets and they are actually worth 50% less.
So John, you can indeed gamble, or you can gain information and make sound, if risky, investing decisions.
No risk no reward, and this site is all about risk.
Chris
http://peakstocks.com/uwink-completes-100-terminal-integration-at-retirement-community#comment
GTC Order in for 50K Shares at .08 - EOM
FYI: Chris Fernandez Says:
November 18th, 2008 at 11:19 pm
Ryan,
I don’t presume to know what is happening in a stock from day to day, aside from special news associated with that company.
As for uWink, the market has crashed, and hedge funds are liquidating left and right, putting vast amounts of pressure on the entire market, and small and micro cap stocks in particular.
Hold tight, uWink will bounce back.
Chris
http://peakstocks.com/uwink-completes-100-terminal-integration-at-retirement-community#comment
Are you able to Read Anything as written?
I Said... Insane Prices, NOT Insane Funds...
I Say...Their Products & Placement's are Everything...
They Said...
"WE CAN CURRENTLY SATISFY OUR CASH REQUREMENTS FOR THE NEXT 6-9 MONTHS."
Babble On Big Boy...Time Will Tell...
EZ:ANS:NO: Suggested to UWINK Yesterday that Mr. Bushnell could put out another "Letter To Shareholders". - Because hardly anyone OUT THERE in the Real World is Reading, Let Alone Comprehending the entire latest 10-Q, except Some... already invested in UWINK. - After much discussion...I doubt that one suggestion will happen...which is ok...with me...
My & Others (that I respect) Opinion is 'Funds' are selling at insane prices & that they (the funds) apparently could care less about the PPS losses they incur...
My & Others (that I respect) Opinion is it may as well continue to flounder at these .XX crazy prices, and some people can / may pick up more shares..., while funds are liquidating their ass off...while the market AND the economy sucks...
Then later on......what I and Others (that I respect) think will / may happen... will / may happen...IMO
IE: I Am Buying...Of Course, What everyone else does (OUT THERE in the Real World) is ENTIRELY Up To Them! (Not everyone has to grasp the risk / reward aspects, the Least of which the FEW Players that hang out on IHub).
I (as posted prior) have already added another 34K Shares very recently...
I Will Buy Another 25K to 50K this week. - Tried to buy 25K at 10 cents the last hour of the last two days... will simply get my Next Day Order in EARLY Tomorrow...And I will continue to Buy...in the future...as these insane op's persist...
FWIW: No One Can Say I do Not Put My OWN Money On The Line...
I am Still trying to watch the Company Moves & Plans & People MORE then the Stock PPS to JUDGE UWINK (see latest 10-Q & insider ownership to judge what They All have at stake in this...). BTW: Anyone that does not get how much time and money the Bushnell's and the other Key Players have in UWINK, just does not understand UWKI prospects...IMO
Regarding Restaurants – The Current Economy is no doubt having (and will have) an effect, however the many uWink differentiator factors are the prevailing factor over Other restaurants (both local and afar). However..., I would like to see them pull out of, or renegotiate WH if feasible, in the near future, as the other two, are the real keepers IMO.
As I have Said from the Start, the Technology Sales Aspects are the Key! (made this point long ago...,no need to repeat past posts).
Busy Buying...Netman
uN: Will Buy Another 25K to 50K this week.
We have 6 to 9 months to NOT Fear the Reaper. - While this insane opportunity exists, I am going to avail myself of AT LEAST Another 25K - 50K shares. - If the insanity takes it lower..., then I will simply acquire more shares...
uWink & uWait Time - for Awhile Longer... - IMO!.
(FYI: Additional DETAIL / INFO is Available on the Netman uWink Group Board)
FYI: 11-14-08 10-Q = The Following INFO = Additional Terminals Expansion in FLA Airport (+ Chili's Chain Opportunity Now), + ANOTHER Seperate Airport Deal, + Two Seperate Stadiums, + A QSR in Texas (+ ANOTHER Chain Opportunity Now), and "WE CAN CURRENTLY SATISFY OUR CASH REQUREMENTS FOR THE NEXT 6-9 MONTHS." (which allows time for a Lot of Deals to bring in Revenue IMO) - AND... 'Perhaps' Other... Quite Different Additional Deal Types... Not Mentioned Yet...Also IMO.
From the 10-Q: "Our technology isn't just for sit down restaurants. We think it also works well in all kinds of other hospitality environments - from quick service to fast casual to airports to hotels to stadiums. Pretty much anywhere in the world (remember we run in all the major languages) you have to wait to order/pay and/or could use something fun to do. We believe that technologies like ours are the future of the hospitality industry."
From the 10-Q: "The hospitality industry is a global industry comprising a number of industry segments, including lodging, table service restaurants, quick service restaurants, entertainment venues (e.g., stadiums and arenas), business foodservice operations, Casinos, transportation foodservice, government operations, and cruise ships."
To Board (-3): It's Worth ACTUALLY Reading the 10-Q - IMO - NETMAN
http://www.sec.gov/Archives/edgar/data/1108699/000101968708005051/uwink_10q-093008.txt
BTW: The basis for this past post still Applies on this board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32555097
uN: We could go to Cancun for 6-9 months...
Or just buy more uWink Shares instead - LOL!
"Following the opening of our Mountain View restaurant, we have no current plans to open additional company-owned uWink restaurants. Consequently, in our Restaurant Operations business segment we are executing a cost-rationalization strategy to ensure that this business segment will operate on a self-sustaining basis without material additional capital requirements, beyond a minimal cash working capital balance, for at least the next 12 months. As part of this strategy, we are reviewing our leases and, where appropriate, are seeking to reduce rental payments to levels commensurate with the current business environment. We believe that our Restaurant Operations business segment can operate with minimal working capital because we collect restaurant revenue by cash or credit card at the time of visit and turn restaurant inventory quickly, while our restaurant suppliers, generally speaking, extend 30 day payment terms to us."
"Having now completed the prototyping and testing of our base technology platform and begun third-party licensing, we are able to operate our Technology Licensing business segment with lower levels of software engineering and related expenses. Consequently, going forward, we expect that we can operate our Technology Licensing segment with annual cash operating cost requirements in the range of $1.5-$1.6 million (including general corporate overhead)."
"As a result, we expect that WE CAN CURRENTLY SATISFY OUR CASH REQUREMENTS FOR THE NEXT 6-9 MONTHS."
Wrong Again! - Another Reading Comprehension Error
TBG Says: "uWink has not much going on in terms of sales. There are no revenue numbers in the statements for sales of software. They have sales of zero at this point..."
From the 10-Q: "Our Technology Licensing business segment generated $90,492 and $90,573 of revenue for the three and nine months ended September 30, 2008, respectively, consisting of software licensing fees related to third-party technology installations in Lancaster, California and Ft. Lauderdale, Florida."
From the 10-Q: "We record amounts that have been invoiced to Technology Licensing customers but not yet recognized as revenue as deferred revenue. At September 30, 2008, we had $16,019 of deferred revenue from our Technology Licensing business segment, representing certain amounts invoiced in respect of our third party technology installation in Ft. Lauderdale, Florida"
From the 10-Q: "Cost of sales for our Technology Licensing business segment amounted to $1,169, reflecting the cost associated with the resale of certain computer hardware."
TBG: Now You Can Post that You were Mistaken AGAIN...
As I have said, They are just getting Started on Their Technology Sales, and the Profit Margins are Clearly Huge!
FYI: 11-14-08 10-Q = The Following INFO = Terminals Expansion in FLA Airport (+ Chain Opportunity Now), ANOTHER Seperate Airport Deal, Two Seperate Stadiums, A QSR in Texas (+ Chain Opportunity Now), and "WE CAN CURRENTLY SATISFY OUR CASH REQUREMENTS FOR THE NEXT 6-9 MONTHS." (which allows time for a Lot of Deals to bring in Revenue IMO) - AND... 'Perhaps' Other... Quite Different Additional Deal Types... Not Mentioned Yet...Also IMO (LOL).
It's Worth ACTUALLY Reading the 10-Q - NETMAN (Holding 175K Shares)
And as usual...Anothers comprehension here is incomprehensible.
IE: The basis for this past post still Applies on this board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32555097
Fortuanately the 18 on the Netman uWink Group are FULLY INFORMED!
FWIW: Still Trying... to Inform the Rest of You out there... (-3 of U) :) Netman
FYI: 11-14-08 10-Q = The Following INFO = Terminals Expansion in FLA Airport (+ Chain Opportunity Now), ANOTHER Seperate Airport Deal, Two Seperate Stadiums, A QSR in Texas (+ Chain Opportunity Now), and "WE CAN CURRENTLY SATISFY OUR CASH REQUREMENTS FOR THE NEXT 6-9 MONTHS." (which allows time for a Lot of Deals to bring in Revenue IMO) - AND... 'Perhaps' Other... Quite Different Additional Deal Types... Not Mentioned Yet...Also IMO (LOL).
From the 10-Q: "Our technology isn't just for sit down restaurants. We think it also works well in all kinds of other hospitality environments - from quick service to fast casual to airports to hotels to stadiums. Pretty much anywhere in the world (remember we run in all the major languages) you have to wait to order/pay and/or could use something fun to do. We believe that technologies like ours are the future of the hospitality industry."
From the 10-Q: "The hospitality industry is a global industry comprising a number of industry segments, including lodging, table service restaurants, quick service restaurants, entertainment venues (e.g., stadiums and arenas), business foodservice operations, Casinos, transportation foodservice, government operations, and cruise ships."
Worth Reading the 10-Q - IMO - NETMAN (Holding 175K Shares Now).
And as usual...Anothers comprehension here is incomprehensible.
IE: The basis for this past post still Applies on this board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32555097
Fortuanately the 18 on the Netman uWink Group are FULLY INFORMED!
FWIW: Still Trying... to Inform the Rest of You out there... (-3 of U) :) Netman
As usual...your comprehension is incomprehensible
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32555097
10-Q:Page 28: "WE CAN CURRENTLY SATISFY OUR CASH REQUREMENTS FOR THE NEXT 6-9 MONTHS."
_________________________________________________
"Following the opening of our Mountain View restaurant, we have no current plans to open additional company-owned uWink restaurants. Consequently, in our Restaurant Operations business segment we are executing a cost-rationalization strategy to ensure that this business segment will operate on a self-sustaining basis without material additional capital requirements, beyond a minimal cash working capital balance, for at least the next 12 months. As part of this strategy, we are reviewing our leases and, where appropriate, are seeking to reduce rental payments to levels commensurate with the current business environment. We believe that our Restaurant Operations business segment can operate with minimal working capital because we collect restaurant revenue by cash or credit card at the time of visit and turn restaurant inventory quickly, while our restaurant suppliers, generally speaking, extend 30 day payment terms to us."
"Having now completed the prototyping and testing of our base technology platform and begun third-party licensing, we are able to operate our Technology Licensing business segment with lower levels of software engineering and related expenses. Consequently, going forward, we expect that we can operate our Technology Licensing segment with annual cash operating cost requirements in the range of $1.5-$1.6 million (including general corporate overhead)."
"As a result, we expect that WE CAN CURRENTLY SATISFY OUR CASH REQUREMENTS FOR THE NEXT 6-9 MONTHS."
10-Q: SALES, SERVICE AND SUPPORT
We conduct our technology sales efforts with a mix of in-house and outsourced resources. Our senior management team, including our CEO, President, CTO, VP of sales/restaurant operations and VP of infrastructure, is very actively involved in sales efforts on a day-to-day basis.
In addition, we have established a contractual, commission-based relationship with Ted Leovich, the former VP of franchising for Brinker International. Mr. Leovich focuses on representing our interests with major domestic and international restaurant operators.
Page 23
We have also established a contractual, commission-based relationship with Allied Sales Professionals, a group of established independent sales agents, to sell our technology into the hospitality industry with a focus on the quick service and broader restaurant markets in North America. The principals of Allied Sales Professionals have a combined 80+ years in entertainment technology sales experience in multiple markets, with an emphasis on the quick service segment of the restaurant industry.
We currently handle installation, training and technical support for our products with our in-house team. Most technical support is handled via a dedicated toll free number and remote access to the local server. To the extent onsite support is required, which we expect to be minimal, we dispatch a technician to the location.
Going forward, we expect to outsource day-to-day installation, training and technical support to third party providers.
uWink VaporWare Sales Force - LOL! - Netman
10-Q Out Today.
http://www.sec.gov/Archives/edgar/data/1108699/000101968708005051/uwink_10q-093008.txt
Some representative installations/applications of our system are described below.
CASUAL FULL SERVICE RESTAURANTS. We are currently piloting a 13 screen table-side and booth-mounted installation in a Chili's restaurant at the Ft. Lauderdale, Florida airport, running fully POS integrated self-ordering and payment, with full entertainment and branding/promotional functionality. The implementation is designed to drive labor efficiencies and increase customer satisfaction through speed of service. Based on the success of this installation, we will seek to become a Chili's system-wide approved technology vendor.
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QUICK SERVICE RESTAURANTS (QSR). Table and booth-mounted screens offering digital entertainment (with a focus on kid's entertainment), promotional content, customer surveys and email data capture. This implementation is designed to help foster a sit-down family-oriented dining environment to drive incremental sit-down business and to enhance operator promotional efforts.
We have been prototyping this system in a major QSR restaurant in Texas over the past several months. Based on the success of this prototype, we have begun the corporate vendor approval process with two of the major QSR chains. To facilitate this process, we have partnered with a group of sales executives with prior experience in securing entertainment technology vendor approvals with the major QSR chains.
FAST CASUAL RESTAURANTS. A kiosk-style self-order and credit card-only self-payment system designed to reduce ordering/payment lines. We are awaiting approvals to install a prototype of this system in a major fast casual restaurant in an airport in the Southwest U.S.
STADIUMS/ARENAS. A kiosk-style or wall/table-mounted self-order and credit card-only self-payment system designed to facilitate labor-efficient on-demand food and beverage service in luxury suites and stadium "premier" seating. We are currently in advanced discussions on installing this system in
two major arenas.
AIRPORTS. Table or wall-mounted screens running fully POS integrated self-ordering and payment, with full entertainment and branding/promotional functionality. Screens are deployed in airport concourses/gate waiting areas and offer food and beverage service from multiple restaurants operated by the airport concessionaire. We are awaiting approvals to install a prototype of this system in an airport in the Southwest U.S.
Luv & Kisses, Netman
Added 5K More at .17 Today = 175,000 Shares
Order Filled 12:20 PM - Holding 170K Shares
Order in at Ask to Add 10K More Shares.
uN: Will add 15K to 40K at these op's
Have only added 20K within the past 7 days.
Added 5K at .24 Today = 160K Shares.
Added 5K at .24 Today = 155K Shares.