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"uWink is currently working on securing other company locations. In addition, the company has completed the necessary filings to allow franchising in '36' states and is in the process of filing in the remaining states. The company is currently qualifying potential franchisees and is 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
BTW:
Tis a Good thing to have PPS hanging constant with LOW Volume
(not a usual PPS daily reaction) while we are in a Winky Wait State.
? - There was no doom and gloom last night, except from those that can only see and speak doom and gloom. The sale of $857,000 of convertible promissory notes were, and still are a Positive uWink disclosure.
Some posters spend more time posting then they do reading and comprehending UWNK SEC documents in the full context of where we currently are, and where we are likely to go...
Others should 'watch' uWink more, and UWNK less...
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.
As of the date of this report, we are not in default on any material debt obligation.
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.
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.
__________________________________________________________________
Obviously (as stated above), they have more money now to “satisfy cash requirements”.
Obviously (as 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 I have posted prior (see my post #10086 on 3/22/07) I had calculated that they were doing about 50K a week, and will likely grow to 60K at the prototype. Hypothetically, if they convert the outside seating to terminals and seats soon, that will also increase their income potential. - As stated in prior SEC docs, the New Locations will likely be of a much larger square foot range (therefore, such New Locations will be able to achieve a larger revenue income).
As we all should be aware by now…Nolan Bushnell has said new places are coming…
Those that have experienced large scale business transactions in the real world, will all tell you that Legal and Real Estate Transactions take more time to fulfill then you will ever presume. And…as I have said before today, Proper Patience is required to Play this Game.
Regards, Netman - Holding 185,000 UWNK Shares
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...
BrianHall17 - your request.
I will PM my email address to you later tonight.
Added another 5,000 at 20 cents.
FWIW: Holding 80,700 Shares.
Added 5,000 at 20 cents.
Among those participating in this transaction, were Peter Wilkniss, our Chief Financial Officer, who invested $25,000 and Dennis Nino, the brother-in-law of our CEO, who invested $50,000, and 'Netman' (an accredited individual investor) who invested $30,000.
The Two ‘K’ Reports Released Today
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.
As of the date of this report, we are not in default on any material debt obligation.
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.
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.
__________________________________________________________________
Obviously (as stated above), they have more money now to “satisfy cash requirements”.
Obviously (as 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 I have posted prior (see my post #10086 on 3/22/07) I had calculated that they were doing about 50K a week, and will likely grow to 60K at the prototype. Hypothetically, if they convert the outside seating to terminals and seats soon, that will also increase their income potential. - As stated in prior SEC docs, the New Locations will likely be of a much larger square foot range (therefore, such New Locations will be able to achieve a larger revenue income).
As we all should be aware by now…Nolan Bushnell has said new places are coming…
Those that have experienced large scale business transactions in the real world, will all tell you that Legal and Real Estate Transactions take more time to fulfill then you will ever presume. And…as I have said before today, Proper Patience is required to Play this Game.
Regards, Netman - Holding 185,000 UWNK Shares
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...
I 'can imagine'.
Website Feedback sent to uWink - Post #10218
10-K = Yearly / 10-Q = Quarterly
The 10-Q is due after each of the first three fiscal quarters. There is no filing after the fourth quarter because that is when the 10-K is filed.
http://www.sec.gov/cgi-bin/browse-edgar?%20%0Aaction=getcompany&CIK=0001108699&owner=exclude
"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)
Now that April is here, the 10-Q (Quarterly) should be out soon!
Netman - 185K Winks!
beta...is...better...debug is DD
The Beta Site is a Great Look!
Just needs a few adjustments...
NM 1) Need to update "29 States" to 36 States.
http://beta.uwink.com/franchise
NM 2) http://beta.uwink.com/mediagallery > BLOG Link
Link takes you away from beta site to Blog. Should open
in a New Window like the YouTube and Flicker Links below.
NM 3) Gallery Photos List - Have to select 'Gallery' to get back.
Should have a NEXT & PREVIOUS Selection beneath each pic set,
or at least a return link to the gallery, which goes to Media Gallery page.
NM 4) Investor Relations Contact
Have phone #, Should add ext 102 - Should add email for Nancy Nino
NM 5) Home Page: misspelled word "edutainment" 4th paragraph.
This is an intentional uWink uPlay on the word entertainment,
with their "edu" use. It shows up in the games area as well.
uWink's at-the-table-'entertainment'
Could read 'experience' instead of "entertainment".
NM 6) Top right side: "Plan Your Event" Image / Link
Link not working - get "could not connect to database' message.
NM 7) Home Page: The 3 main Icon Images at top are to link
to Food, Drinks, and Media. First two link ok. Media goes
only to a blank page as it is not yet linked properly to media.
My 6 notes (so far) sent: website@uwink.com
beta...is...better...debug is DD
NM 1) Need to update "29 States" to 36 states.
http://beta.uwink.com/franchise
NM 2) http://beta.uwink.com/mediagallery > BLOG Link
Link takes you away from beta site to Blog. Should open
in a New Window like the YouTube and Flicker Links below.
NM 3) Gallery Photos List - Have to select 'Gallery' to get back.
Should have a NEXT & PREVIOUS Selection beneath each pic set,
or at least a return link to the gallery, which goes to Media Gallery page.
NM 4) Investor Relations Contact
Have phone #, add her ext 102 - Should add email for Nancy Nino
NM 5) Home Page: misspelled word "edutainment" 4th paragraph.
(unless this is an intentional uWink uPlay on the word entertainment)
uWink's at-the-table-'entertainment'
could read experience since "entertainment word is used twice in the same sentence.
NM 6) Top right side: "Plan Your Event" Image / Link
Link not working - get "could not connect to database' message.
beta...is...better...debug is DD
NM 1) Need to update "29 States" to 36 states.
http://beta.uwink.com/franchise
NM 2) http://beta.uwink.com/mediagallery > BLOG Link
Link takes you away from beta site to Blog. Should open
in a New Window like the YouTube and Flicker Links below.
NM 3) Gallery Photos List - Have to select 'Gallery' to get back.
Should have a NEXT & PREVIOUS Selection beneath each pic set,
or at least a return link to the gallery, which goes to Media Gallery page.
NM 4) Investor Relations Contact
Have phone #, add her ext 102 - Should add email for Nancy Nino
beta...is...better...debug is DD
1) Need to update "29 States" to 36 states.
http://beta.uwink.com/franchise
Happy Buyers
Orenthal: no
Dudes...it is expected that others will also pick your guess. As I had originally written…it is to be Your Best Guess...of Course it may also be Some Others best guess as well...There was/is no rule (LOL!) that two or more players cannot pick the same guess (in fact I would think that most would...). And it does not matter who inserts an area first, others may also select any area they choose…
Announcements Challenge: Guess Your Best Contest
List the areas below that you GUESS they May Announce.
We are creating a Guess List Below - no alternative reason,
(from and for those players willing to "share" their Best Guess).
01) Netman Guess: (as of 3/28/07): Denver CO, Florida, California
02) Darrengus Guess: (as of 3/28/07): Miami Florida
03) Sherlock Guess: (3/28/2007) New York, San Francisco
04) rptmont (3/28/07)..Las Vegas,Reno
05) Mrmessiah (3/28/07)....Orlando Florida
06) MRuWinky Guess: (as of 3/28/07): DC; Irvine, CA; Baltimore, MD
07) otcjones (3/28/07) San Jose, CA.
08) Newbie44 (3/28/07): Seattle, Wa.
09) Stackman (3/28/07): Pittsburgh, PA.
10) lmcat (3/28/07) : Texas, Arizona
11)
12)
13)
14)
15)
16)
17)
18)
19)
20)
21)
22)
23)
24)
25)
PLEASE Copy and Paste this post (the Latest COMPLETE Post),
and then add next ID number with your Name and your GUESS.
This way we will keep our IH UWNK Board GUESS List Current!
It would really help if everyone FULLY copies the latest post!
Added 3K shares at $1.21
Current Total = 183,000 shares.
Announcements Challenge: Guess Your Best Contest
List the areas below that you GUESS they May Announce.
We are creating a Guess List Below - no alternative reason,
(from and for those players willing to "share" their Best Guess).
01) Netman Guess: (as of 3/28/07): Denver CO, Florida, California
02)
03)
04)
05)
06)
07)
08)
09)
10)
PLEASE Copy and Paste this post (the Latest COMPLETE Post),
and then add next ID number with your Name and your GUESS.
This way we will keep our IH UWNK Board GUESS List Current!
It would really help if everyone FULLY copies the latest post!
Subsidiaries of the Company
uWink California, Inc. Delaware 100% Ownership
uWink Franchise Corporation Delaware 100% Ownership
Quite understandable.
I like that there are old farts in too...
Info is up on Ryan at CNBC web site
How Did Ryan Stackman Win The Week? Here's Info
Ryan Stackman is 23 years old, just out of college and never won anything before--but he's now our third weekly winner for the contest and has won $10,000--and qualified for the finals. Quite an accomplishment. I spoke with him by phone today and he says he's happy but surprised he became a weekly winner. His family and girlfriend share in both feelings.
As we said, Ryan is a stockbroker so he's got some knowledge of the "business." He grew up in Pennsylvania, but graduated from Flagler College in the beautiful coastal town of St. Augustine, Florida (the oldest city in the U.S. as Ryan pointed out).
As for his contest Ryan said he just heard about it and decided to give it a try. His strategy? Ryan said he followed earnings and conference calls to pick the stocks he did. He said "I looked for stocks that no one else was looking for." Ryan says he pretty much stuck to his own picks--but he did buy FMT Fremont General Corp (FMT)
[FMT 7.45 -0.70 (-8.59%) ] for a day, after seeing so many others did.
As for the finals, Ryan says he plans a different strategy--but is still putting together just what that strategy will be. He's studying now, reading books and gathering all the knowledge he can. He says he'd naturally like to win the finals--and if he does--do some traveling and then put some money away for his future--(which at his age should be a long one. Just look at that picture).
Congrats to Ryan as the contest's third weekly winner! FYI--see Ryan interviewed today at 1:30 pm EST on "Power Lunch."
--------------------------------
Hey folks. Here's some additional details and insight into Ryan Stackman's trades and holdings that provided him with a gain of 73.25% in one week. I omitted this in the earlier post on Ryan, so my apologies. Ryan began his winning portfolio with a buy of Adams Respiratory (ARXT) on 3/16, so his gains all went towards his weekly total.
His big trades were Fremont General (FMT) with a gain of $185K, CMGI with a gain of $182K, and his BIGGEST trade was Synnex Corp (SNX) which he bought on 3/22 for $19.74, and still holds, so at Friday's 4 pm close of $22.25, he had made $194K or a gain of almost 13%.
earlylight: To answer your question...
Obviously I “think” it is going to go further up from where I bought it.
I am not interested in speculating on any $$ Number.
Let’s just pay attention to the Volume and watch it…
He had no OP to mention UWNK in interview.
However, he did mention his CMGI play last week...
fwiw: Just moved up from 7% to 2% on CMGI close yesterday...:)
(made 9.98% return on Monday Close, fair start for this week)
Mr. Ryan Stackman was just on CNBC.
He had no OP to mention UWNK in his interview.
I Award you my 2nd place Trump Jacket Prize
You deserve it; I have enough jackets of my own company.
Nope - Hard to ignore 53M traded yesterday.
Did my DD last night - Am in today at $2.38
Welcome To The Board Mutha - eom
New to Board - Just Bought CMGI - eom
Answered YES to what you wrote as a Q
"Do you have any more information or links"
I have no comments on "patents"
and it's time to ZZZZZZZ - Night!
NP - But First...The Board Info above is maintained by the Moderator and the assistants. It is exceptionally informational, and I applaud them for their creation and consistent upkeep efforts. Questions about the “ibox” should really be directed to them, however I would not expect them to constantly keep the info (including such ‘stats’ you had noted) to be readily current each day. Again they all do a great job - IMO.
I will answer your second & third question in a very brief manner, as my reposting some 650+ posts of past info would be annoying.
RE Q1: (as of market close 3/26/07 from available various public info).
Shares Outstanding: 25,179,000
Float: 18.86M
Insider Ownership: Depends on who's counting, and when...
RE Q2: YES!
RE Q3: you wrote “IYO”
Note 1: Actually it was Dec 8th 2006 and a 52 week high of $2.72 (so far!)
Note 2: Actually it has already reversed direction, but I get what you meant.
1 or More Company Places Announcements.
1 or More Franchise Places Announcements.
Nolan is interviewed Live On CNBC (again).
More Public Awareness, noticed by people that are capable of grasping meaning.
More People <44 really research Nolan Bushnell and realize what he is capable of…
More People begin to really grasp what the uWink concept is really capable of…
More People begin to really grasp what a uWink interfaced with uWinks is capable of.
More People realize that According to the National Restaurant Association 2006 Industry Report, 43 percent of all adults – and 62% of adults age 18-24 – would use a Self-Service ordering or payment terminal at their favorite (current service type) restaurant. Consumer acceptance of Self-Service devices will present opportunities for OTHER restaurant industry operators to utilize new uWink solutions to drive their current profits up. The future integration of self-service technology and the outdated worldwide restaurant industry appears imminent.
You and others buy many more shares then you ever thought you would consider buying.
The ‘Hype’ crowd puts down their Trump bottles & puts their cash left in UWNK (lol).
Added 2K more at $1.25
Current Total = 180,000 shares.
LOL! - Raw answered for me, before I could...
Anyway, was just buying some of those 8K back.
Added 3K more at $1.25
Current Total = 178,000 shares.
Noted: Two 25K BUY Orders Today (so far).
14:15:46 at $1.2486
14:00:17 at $1.26
Congrats Again, Good Work!
Nice Read on her Perspective After she uWinked
Spoke w/Nancy Nino again on Friday after hours.
She passed on a neat story of a uWink investor
who has been in since August, and just got out
to uWink. What impressed him the most was that
everyone was so happy, all laughing & having fun.
(and that the place was packed, with a wait line)
He also commented on how obvious it was that a uWink
Restaurant was such a great franchise plan / concept.
Passing on another opinion from another stock holder.