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Yep, Retrofits of <=1 Million Each is the Plan
That was the reason not to pursue a renegotiation of the terms.
"The termination was as a result of certain permitting delays relating to the Center's conditional use permit that prevented the opening of the restaurant within the timelines provided for in the definitive lease agreement." - "The Company incurred no termination penalties."
uBuy until uSell - uWink, uWait, uWin! - Netman
RE: The Promenade at Howard Hughes Center
FACT: The Promenade at Howard Hughes Center is the only one they "cut".
WHY? - The actual real world fact is... they had not received a conditional use permit within a reasonable time.
uWink obviously entered into the deal expecting to get it.
uWink then waited an appropriate amount of time to get it.
uWink was Not going to build / reconstruct at HH without it.
uWink terminated the agreement, as they should, to move on.
The 8-K statement they put out was very clear:
"The termination was as a result of certain permitting delays relating to the Center's conditional use permit that prevented the opening of the restaurant within the timelines provided for in the definitive lease agreement." - "The Company incurred no termination penalties."
http://www.sec.gov/Archives/edgar/data/1108699/000101968707004431/uwink_8k-122007.txt
There was NO money mystery or money concern regarding that place Either, and who says they are not still looking for the 4th location...
I spoke with Nancy Nino while they were waiting on that permitting.
The permitting put a hold on progress, they made the right choice.
As I Already Agreed, Yes, there were Long Delays.
I never said otherwise. Of Course it was delayed (and delayed).
Point was none of it was due to their fault or personnel.
Did you completely dismiss the prior permitting comments?
Yes, they said May, and there was a delay of 4 weeks alone related to a permitting issue. You seem to want to suggest they have mismanaged H&H, just like you suggested that they will need more money via another offering. I suspect you will likely persist in those suggestions, and We will later agree to disagree...
uBuy until uSell - uWink, uWait, uWin! - Netman
No, they did not...
They did not overspend.
THEY did not delay H&H.
They expended what they had (announced) planned to spend. Yes, there were long delays due to specific permitting issues and additional renovation work performed. None of the delays were due to their part or people, and it should be clear they had no uWink reasoning to delay an H&H opening.
Welcome, and Thanks for the information.
uBuy until uSell - uWink, uWait, uWin! - Netman
Viewpoint presented well and understood Silensir
Let me try once again to sort out some things you just mentioned.
Selling Software / POS Apps was ALWAYS the plan - not something new.
Such Software / POS Selling does Not Only Involve Others Restaurants.
Try expanding that uThinking to Many Other Different Business Ventures.
Self-Service technology solutions encompass numerous businesses, those with food/drink associations, and those without...
If uWink was JUST in their own Restaurant-Technology business, then I would not even be involved, nor own any Stock.
FWIW: Your (if) Trading your 10K would not affect anything.
Bought 10K during week of June 9-13th with bias effect = zero.
BTW: It's not my optimism sir, it's my own uWink DD = IMO.
Again - Welcome to the Board (wether any new or old reader).
uBuy until uSell - uWink, uWait, uWin! - Netman
Sil - you are still missing the prior post point regarding Their broad range of POS Applications and multiple Micro-Transactions (that are yet to be revealed).
“The licensing of our technology into other hospitality markets is a logical expansion. We see a huge opportunity to leverage our software solution and offer it to other hospitality and public-space markets as an integral component of our growth strategy.”
http://www.uwink.com/content/view/188/279/
1) They are NOT going to do another stock offering. There is NO NEED, and they have absolutely no intention of doing so. Either You have not done your DD, or you are simply trying to stir up uncertainty for you to even suggest such...
2) The Two Years ago comment: Two years ago no one on IHub could have asked you anything sir, since your Alias was created on 6/20/2008, and you are now 10 public posts 'old'. Please Understand that I am not in any way disparaging your own stated past involvement by this comment, just noting that you are clearly new to this board. Noting your other remark made (in another post) about not knowing what a "soft opening" is, also clearly tells me you were not very well aware of uWink two years ago (IMO).
3) Regarding uWink Franchises: I would speculate that additional franchise deals are more likely to happen when uWink becomes a 3 Restaurant chain (will be 3 places soon enough). Besides (Florida) OCC Partners… Perhaps additional franchise OP’s will occur sooner then you think. They hired Jon Boucher for a Very Good Reason...
http://www.uwink.com/content/view/209/279/
Welcome to the board, please avoid joining the post #15787 club.
uBuy until uSell - uWink, uWait, uWin! - Netman
uV – uWink Hospitality Solutions + uWink Restaurants
RE: Post: 16833
If that’s all the "uWink concept” that you are looking at, then…you will be
missing out on uWink’s broad range of POS Applications and Transactions.
And no, I am not referring to the senior center aspect you dismissed…
Those that do not grasp / get uV, will Never see what else is coming.
Suggestion: Try More DD - wether you stay or go, soon..., or later on...
Try not to 'assume' their full stratagy...
"Following the opening of our two new company-owned uWink restaurant locations, we expect to emphasize franchising and technology licensing over the development of additional company-owned uWink restaurants."
Going further forward, their strategy is to leverage their technology assets and the uWink brand to:
Build and operate additional uWink interactive entertainment restaurants;
Franchise the uWink restaurant concept; and license their technology to other hospitality and public-space operators.
uWink is a technological / restaurant play, and a restaurant / technological market play.
http://www.volantesystems.com/clients.html
uV means very high profit margins and adds increasing revenue as clients update their integration... uV is NOT any deviation from the Plan – uV was part of the uWink Marketing Strategy from almost the very beginning as they were first laying their interconnection cables in their Woodland Restaurant. Again - uWink has not now... Just become a technological play – It Always WAS ONE (as I’ve said previously).
Via a table, sell some food and drinks = one deal (repeat idea)
Via software, sell solution to many = many deals (idea repeats)
Restaurant Revenue grows w/# of places and # of seats (occupied).
Software Revenue grows exponentially with each client's # of nodes.
(Plus add reoccurring updates and upgrades which add additional $$)
uV Will Provide an Ever Increasing Software Revenue Stream Expansion.
uW Restaurants Expansion will add an ever increasing # of Seats Expansion.
Netman
uBuy until uSell - uWink, uWait, uWin! - Netman
Yep (53), with my own Neural network & DNS
Have you Kids...Ever seen a senior...
Ever seen a senior...Build Multiple Computers, Design - Build and Configure a 12 person Media Room with a 73" 1080P HDTV / 7.1 Bose Surround Sound System / Blue-Ray / DTDVR etc.
Ever seen a senior...Network a business complex, create & maintain multiple business websites, train numerous 20-35 year old 'techs' to perform analytical troubleshooting.
Ever seen a senior...calibrate a 660 Megawatt Turbine-Generator-Boiler direct energy balance combustion control system to respond 24/365 within 0.001 error correction logic accuracy to maintain a power plant generating units operation on the Mid-Atlantic Power Generation Grid System.
Ever seen a senior...Defeat all of the X-Box Elder Scrolls IV (Oblivion) Foes (completing All Main Quests / Achievements) and Achieve a Player Level of 31.
Buy uWink Stock because they clearly comprehend whats coming.
Note to The Kids - Not all older people (40+) are techno-challenged dweebs, and not all younger people know as much as they think they do (one has to be actually Aware of all the knowledge that they do Not know, in order to realize just how little that they really comprehend). Try giving "seniors" a bit more credit, they made almost all of the technology you all love to consume...
uBuy until uSell - uWink, uWait, uWin! - Netman
They will update it w/new pics early next week
uBuy until uSell - uWink, uWait, uWin! - Netman
Revised web site is now active at usual URL
uBuy until uSell - uWink, uWait, uWin! - Netman
The 'Soft Opening' begins Today, Tuesday the 17th, therefore they are 'Open for Business' from the 17th on (H&H opened to the general public today on the 17th) up through the Grand Opening Event (weekend) beginning on the 27th...
And Geek Dinner booked their group event tonight...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29951278
http://upcoming.yahoo.com/event/758271/
uBuy until uSell - uWink, uWait, uWin! - Netman
Nor I TBG, adding while low makes more sense IMO
With the 10K last week, I've added 50K to my original gambit
(had 200K, RS 1 for 4 = 50K, + 50K at buy ops = current 100K)
I am done adding, time to ride it out, & watch it grow - IMO.
Looking forward to when the current 3 are cranking revenue.
No Sir, I used the Correct Broker Terms
No disrespect, you sometimes say what you think you mean.
Like the "Buy Stop Market order" and then we have to interpret.
TBG: A "Buy" Stop Limit order is entered above the current ask price in order to buy a stock when it reaches a resistance level.
If the stock price rises and trades up to or through the stop price, the order becomes a "Buy" Limit order at the stop price. The stock must then trade again at the stop price for the order to execute. If the order executes, you are guaranteed to receive the stop price or better. However, you are not guaranteed an execution. If the order is triggered, and the stock does not trade again at the stop price or better, the order remains open.
There are four basic types of orders to buy or sell securities. - "Market." "Limit." "Stop Loss." And "Stop Limit".
A "buy" Stop Loss order is placed...above the current market price.
If the stock trades at or above your Stop Loss price, ...your order becomes a market order and you will buy at the next available price.
There is a slight difference between Listed equities, Over The Counter equities and Options for stop loss orders.
Listed securities trigger off the last trade...while Over The Counter stocks and options trigger off the "bid" or "ask", depending on if it's a sell or buy respectively.
uBuy until uSell - uWink, uWait, uWin! - Netman
Just Bought 2K More - Holding 100,000 Shares
:)
uBuy until uSell - uWink, uWait, uWin! - Netman
That would be a LIMIT order, not MARKET order.
uBuy until uSell - uWink, uWait, uWin! - Netman
TBG was questioning "Block Trade" not an AON order
Of course, anyone can buy / sell 10,000 - 20,000 - 30,000 - 40,000 - 50,000 - etc. shares at Any price (given volume). Surely you've done such X0,000 AON orders on many stocks over the years, as I have. - However, an AON Order was not what TBG was trying to discuss, in his posting regarding a "Block Order".
Block Trade Definition - The 50K Trade (and others)
"A large amount of securities being traded, typically at least 10,000 shares of stock or $200,000 in bonds. Normally, only 'institutional investors' undertake such large trades."
'institutional investor' Definition
An "Entity with large amounts to invest, such as investment companies, mutual funds, brokerages, insurance companies, pension funds, investment banks and endowment funds."
uBuy until uSell - uWink, uWait, uWin! - Netman
Bought Another 3K Shares...
After months of waiting, its 'interesting' that anyone expects a downturn now...with H&H opening for business This Tuesday.
Bought 5K at $1.44 on Tuesday = 95,000 Winks.
:) Netman
uBuy until uSell - uWink, uWait, uWin! - Netman
The Trading should become more interesting for you as time ticks towards the 17th, and then the 27th. Note that one of the block trades today was 50K of todays volume.
Going Forward...
Expect News Coverage soon after the 16th...
Expect significant coverage around the Grand Opening.
Not going to speculate how the volume / PPS will soon react.
I gave my own opinion when I placed additional bets yesterday.
Candidates will need to be available for training in Hollywood beginning on 6/9 for opening on 6/17.
uWink is a destination where playful, adventurous and empowered people enjoy food, cocktails and connection in a comfortable and engaging environment.
http://losangeles.craigslist.org/lac/fbh/702535058.html
uBuy until uSell - uWink, uWait, uWin! - Netman
Geek Dinner 26 : uWink goes Hollywood
Geek Dinner and Barcamp friends,
I'm proud to announce that the 26th Geek Dinner is taking place at uWink's new location in Hollywood and Highland!
The dinner is Tuesday, June 17th, 2008 at 8pm. If you arrive early, feel free to cruise our bar. This date is quite special for us here at uWink, it's actually the first day that our Hollywood store is open to the public, and the first public party at this store!
From Lambie :
"What's uWink? uWink is a new restaurant concept by Nolan Bushnell, the man that bestowed upon us Atari & Chuck E Cheese, when we so needed it the most. We've tested their Woodland Hills location a number of times and are very excited to try this one."
We're looking forward to showing you our new digs, getting your
thoughts, and of course, test the hell out of the system.
The restaurant is at
6801 Hollywood Boulevard
Los Angeles, California 90028
We're on the fourth floor, just next to 'The Grill.' Parking in the H&H complex is only $2 for the first four hours with validation.
p.s. Special thanks to Heather and Lambie for their support in
coordinating this event!
Rizwan Kassim
Software and Systems Engineer, uWink Interactive Bistro
http://www.geekymedia.com
If there is any great secret of success in life, it lies in the ability to put yourself in the other's place and to see things from his point of view -- as well as your own. -- Henry Ford
http://groups.google.com/group/BarcampLA/browse_thread/thread/4cbe0b3dff7e6fcf/56d589ca181a479c?show_docid=56d589ca181a479c
http://upcoming.yahoo.com/event/758271/
uBuy until uSell - uWink, uWait, uWin! - Netman
Since U mentioned it, Received Mine Tonight also
uBuy until uSell - uWink, uWait, uWin! - Netman
No Matter, T-minusX Countdown to H&H begins...
And I am Holding 95,000 shares...:)
Gotta run again today, off to buy a 2nd Vert (for Wife).
Later...
Back - Filled - About time U woke up...
uBuy until uSell - uWink, uWait, uWin! - Netman
All Ask +.01 w/no fills yet..:(..off to Pool..:)
Later...
uBuy until uSell - uWink, uWait, uWin! - Netman
Changed to FIVE 1K Buy Orders at ASK
Wake Up! BrianHall 17 - And Check Your M6 Email!
uBuy until uSell - uWink, uWait, uWin! - Netman
My 5K Buy Order is in at Current ASK
Wake Up BrianHall 17 - And Check Your M6 Email.
uBuy until uSell - uWink, uWait, uWin! - Netman
5K AON - Will Reload Tomorrow Morning
Raised 5K Buy to Current ASK of $1.44
uBuy until uSell - uWink, uWait, uWin! - Netman
Positions currently available are listed below:
Engineering:
Assistant Graphic Designer
ActionScript Game Developer
ActionScript Game Animator
Java Developer
Junior Software Developer
Systems Engineer
Linux Systems Engineer
Software Support Technician
Hardware Support Technician
Restaurant Operations:
Managers of All Levels
Associates of All Levels
Marketing / Public Relations:
Restaurant Marketing Associate
http://new.uwink.com/content/view/38/227/
5K Buy in at $1.40 - Order Placed, ASK jumped up...:(
Will leave in, as a may fill...
uBuy until uSell - uWink, uWait, uWin! - Netman
Variety.com Article basis for many various links...
Will be nice exposure (LATER ON), Nolan will surely work uWink in "Atari".
"Although Bushnell’s life rights had long been pursued by various suitors, Hecker and Craig Sherman persuaded the gaming pioneer that they could do his unique story justice."
http://www.variety.com/article/VR1117987072.html?categoryid=13&cs=1&nid=2562
uBuy until uSell - uWink, uWait, uWin! - Netman
Del = Delaware - uWink State of Incorporation
uBuy until uSell - uWink, uWait, uWin! - Netman
Renaissance Hollywood Hotel - Rates & Availability
https://www.marriott.com/hotels/photo-tours.mi?marshaCode=laxrh&pageID=HWARI&imageID=0
The Renaissance Hollywood Hotel features nearly 65,000-sq.ft. of meeting space, a 3,500-sq.ft. rooftop panorama hotel suite with 270 degree views and a rooftop pool. As the cornerstone of the Hollywood & Highland retail and Hollywood CA hotel's location is among trend-setting shops, world-class restaurants, infamous landmarks, and state-of-the-art entertainment venues. Located only steps from the Kodak Theatre, Grauman's Chinese Theater and the Hollywood Walk of Fame.
uBuy until uSell - uWink, uWait, uWin! - Netman
Grand Opening uWink Hollywood (Hollywood and Highland)
Reply to: robertf@uwink.com
Date: 2008-05-31, 12:00PM PDT
uWink, www.uwink.com, a new entertainment-dining concept, is now accepting applications for servers, hosts, line cooks and food runners. Ideal candidates will be able to train in Woodland Hills location for one week for Hollywood store.
This exciting company is opening its second Los Angeles area store in the prestigious Hollywood and Highland center.
uWink is a destination where playful, adventurous and empowered people enjoy food, cocktails and connection in a comfortable and engaging environment.
Apply in person at 6801 Hollywood Blvd, Hollywood CA Monday - Friday 2-5pm, online at www.uwink.com or send your resume to
robertf@uwink.com
uWink 6801 Hollywood Blvd Los Angeles, CA 90028
Location: Hollywood and Highland
Principals only. Recruiters, please don't contact this job poster.
Please, no phone calls about this job!
Please do not contact job poster about other services, products or commercial interests.
PostingID: 702535058
http://losangeles.craigslist.org/lac/fbh/702535058.html
As the high-profile Hollywood & Highland shopping center prepares for the opening of a UWink restaurant, UWink's creator, Nolan Bushnell, winces when he hears it compared to the Chuck E. Cheese pizza-and-play chain--one of his former ventures. He considers UWink "new tech," unlike like other restaurants that offer pool tables and video games alongside traditional table service.
"Dave & Buster's and GameWorks are 'old tech' and more like Chuck E. Cheese--at these places you eat and then play," said Bushnell, 65, who also was president and founder of Atari Corp.
At UWink, which combines elements of Atari and Chuck E. Cheese, diners order their food from a computer at a table, then play while they wait, and even play while they eat. Bushnell opened the first UWink in Woodland Hills in 2006.
The new UWink will occupy the space at the retail center formerly occupied by Puck's chichi Brasserie Vert.
But is a restaurant that specializes in computer interaction the right fit for the landmark mall that features a range of upscale stores and eateries, such as Louis Vuitton, Koji's Sushi & Shabu Shabu and Trastevere Ristorante Italiano?
"Wolfgang Puck ran an excellent operation. But we are hipper and cooler," Bushnell said.
Numerous issues played into UWink's decision to go Hollywood: the success of the Lucky Strike bowling alley at the shopping center, the upcoming opening of the $1130 million production of Cirque Du Soleil at the Kodak Theatre, and the myriad Walt Disney events across the street at the El Capitan theater.
The demographics of the tourists, visitors and the nearby Hollywood Hills residents, who frequent the area, fit in with UWink's target audience.
"If you really look at the issues of age range, affluence, disposable income--it's all very, very good and above average," Bushnell said.
UWink signed the lease with CIM/H&H Retail LP in December. Construction began last month.
The Hollywood outpost is about 2,000 square feet larger than its Woodland Hills restaurant, and will feature a separate restaurant and swanky U-shaped bar to draw the Hollywood nightlife crowd.
UWink plans to roll out new restaurants in Mountain View, Calif., and Miami later this year. The chain may face challenges in building appeal beyond a niche.
Restaurant consultant William H. Bender, head of Santa Clara-based William H. Bender & Associates, said not everyone wants a side dish of technology with their meals.
"UWink has done a lot of cutting-edge stuff," Bender said. "But the last thing I want to see when I go out to eat is a computer."
http://www.entrepreneur.com/tradejournals/article/178454125.html