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Here's a simpler explanation. ABSOLUTELY NO ONE IS INTERESTED IN THIS POS. If there were a high volume selloff then maybe I could accept the someone wants out bad idea, or maybe even a bit of dilution, but there is zero buying pressure. Even all you cheerleaders don't want to step up to the ask. You think people who don't have the optimism you do will?
I hope you're right. I'll probably be in this to $0 or $100, one of the two. Seeing the positive coverage of the Hollywood opening is encouraging though. Maybe we'll start to see those franchises after all.
I-bar looks sorta cool, but I was "so what?" after about 1 minute. And it's not functional.
I'm a lot less confident about UWink than I used to be. They are taking wayyyy too much time rolling out. We should have 20 franchises up and running by now.
Now, Microsoft is already starting to roll out Surface. (Harrah's.) If MS brings the price down on that sucker, it's game over for UWink, IMO.
Well, that's good to know. IB is showing nothing. No trades, no bid, no ask.
Uh, why the hell is there no bid or ask today?
I don't understand why so many are complaining about the financing deal. In fact, for anyone with a long-term horizon, isn't this a good thing? It gives us the opportunity to pick up some dirt cheap shares - an opp we would never have had if the financing had been done 'properly'.
The future success of the restaurant is a no-brainer. If you've got the patience to hold on for a year or two (three or four even better), then this is a gift. A great big early Xmas gift!
I would have loved to buy it up at 1.50, but the ask never went that low. If it does, bet your ass I'll be all over it. If anyone wants to sell, please, please do!
"Plans to expand into Hollywood and San Francisco!"
This is really all due just to insider selling? Are you shittin' me? Not dilution, but directors, et al, taking profits on their shares? Are they forced to sell these today or something? Who in their right mind would sell so much they tank the price by 50%?!
haha. This is great. I can pat myself on the back now for having spurred more posts with my comment about the name than there has been for the past three days.
And you're right. "Blooey" sucks. I know. From now on, you may call me "uBlooey".
Aren't you supposed to be at school or something?
OK, so the name is pretty much what my first impression was. I think it's kinda cheesy and figured there had to be more to it, but I guess not. You guys don't think it's kind of a cheesy name?
I have to say, there's only one thing I don't really like about this company. The name just doesn't do it for me. I don't know if it's trying to be cute or what, if anything, it's supposed to mean. Is the "u" some sort of play on the "iXxxx" stuff that has taken over the world? What's the "wink" all about? I don't know. Maybe I don't get it, cuz if I do get it, then I just don't think there's any punch to it at all. Something I'm missing maybe?
Ah, sorry. Had a look at it again and from what I can understand (which ain't much! i don't read these things often), it seems you're correct.
Keep on truckin'!
I may not have understood correctly, but the part about having applied to the AMEX, isn't that part of a proposed prospectus? In it they also say that they "had" an r/s and an a/s of 100M, right? This hasn't happened either, but maybe they plan to have all of that done by the time the prospectus goes out.
Like I said, not sure, but that's what it sounded like to me. I don't think they have yet applied - but you can see that they plan to soon.
As for company valuation and breaking even and all that jazz, hey I'm just a news, but it seems to me that if you wait for the restaurant to prove themselves before buying, you'll be getting your shares at $5+. People buying shares today are making a bet that it will succeed. More risk, yes, (although with these guys, I just don't see much risk), but when we're at $10, we will have made an 8-bagger while the latecomers will have a double. No?
Now THIS is the news we want! RPT, where'd you get that? Not on Yahoo...
And this is exactly why I welcome the r/s to get on to a higher exchange. Penny players see "Spring 2008" and yawn. Institutions would foam at the mouth for this kind of news.
We don't have many details about the venture, but come on. What kind of details do we really need here at 1.40? This is about rights to uWink for an ENTIRE country! Nolan is no idiot. uWink will be making money out the keister on this.
Jeez, people are so short-sighted.
Someone please educate me. What's the difference whether they get on NASDAQ or AMEX? Aren't all the big boards pretty much the same?
I'm not going to argue about this thing anymore. It's just stupid. You got flippers talking from the short-term pov and the longs arguing the long-term. They don't even realize they're not speaking the same language.
I'm a long on this and realize there will be fluctuations along the way. But anyone who calls this a POS, tell ya what. How much you wanna bet that this thing reaches the equivalent of a 4-bagger within a year? A 10-bagger within two years?
Maybe because he knows that most of the otcbb crowd only jumps into a stock, and then, like children with ADHD, need to move on to a new toy as soon as possible. No matter how fundamentally good a stock is in the penny world, you can never depend on the price to STAY up. If it's not climbing, it's tanking because people would rather sell, even at a loss, to move onto other moving stocks and then "come back when it starts to move".
Institutions, on the other hand, are not going to dump their stock at a 20% loss to go and flip a few shares of some POS when they know that waiting six months or a year will mean a 200% gain.
I think you'll be looking for an awful long time.
Well, hopefully they'll bash this into the ground. LOL
If this ever goes sub$1 again, I will fill my pants with uWink!
Back to even for the day. Awesome. Wonder if we'll finish green?
Now what if MS was interested in getting some sort of partnership going with uWink, huh? Develop the software and hardware and provide the financing they needed to open 50 restaurants in the next year. Wouldn't that be a trip! LOL
There's one guy on HSM that claims he took all of his money, maxed out his credit cards and took a loan against his house to put it all on FRPT when it was $1. LOL
I don't know if it's true, but there must be some people out there crazy enough to do it. Was he lucky? Good? A combination of both? Don't know, but I certainly wouldn't recommend doing that on any stock, ever. Not even this one and I have never had as much faith in a concept and management team like I have on uWink.
Well, even though the vets were salivating (who could blame them!), I gotta give props to those that did their best to not contribute to panic. Rawnoc for example could easily have joined the neg party all weekend and perhaps panicked others to sell even more. But instead he played it with integrity.
Thumbs up.
Ah, I see. Sorry, I thought you thought I was saying it wouldn't. LOL
I just thought of something funny. Could be today was a self-fulfilling prophecy. All the vets 'knew' it would go down so they sold - thereby making it go down. Then everyone jumps back in and we end up right back right where we started, 'cept that all the newbs who sold gave their shares away. LOL
Anyway, it looks like this r/s thing isn't going to be the problem some were claiming it might. Still two hours to go. We could easily end up green for the day. Even if we don't, I think we will for the week though.
Huh?
I'll bet we do!
Oh, ok. That's much better. Thanks!
Thanks, I see it. But OMG, you gotta go through all that just to post a general message?! Damn! Is that what y'all do?
Thanks for the help, but I must be blind cuz I don't have that link. I only have "public reply", "private reply", and two others beside those that I forgot cuz I can't see them now.
Where is that "new message" link supposed to be and why isn't it on my screen?
It's hard to tell from the chart, but it looks to me like there was more buying from 1.04 to 1.19 than there was selling all the way down from 1.50 to 1.04.
I think this will surely bounce in not too long. Maybe even by tomorrow?
Nice going Rawnoc!
Well, this has been an experience for me. I didn't think that it really would dive this far. (As I said, I didn't realize there were that many idiots out there. LOL)
I guess I'll know next time that, doesn't matter how strong the company's prospects are, a r/s is an opportunity to double your shares for free...
Can someone tell me how to reply to "none" rather than always having to reply to someone in particular?
............
Watching this thing go down so hard this morning. Wow. I never imagined there were that many idiots out there.
Now that everybody sold for a loss, how wonderful would it be to get a PR pre-market tomorrow announcing 15 franchise areas have been sold? LOL
Oh well, if this goes much lower, I'm gonna have to find more money to buy more. This is ridiculous.
I'm sure I read somewhere that they intend to have 1/3 company-owned restaurants and 2/3 franchises.
BTW, I emailed IR about the split and this is what they had to say:
"We are extremely excited by what we see as strong proof of our concept at our first location and believe that we have an exceptional opportunity to build a global brand. As we have consistently said in our public filings, we will need additional capital to support our expansion.
We believe that the proposals we will be putting to our shareholders for a vote - the reverse split, the reincorporation in Delaware (which has a very well-understood and predictable body of corporate law and, for that reason, is home to a significant number of major public companies) and the increase in our authorized shares - will improve our ability to attract the necessary capital, in part by facilitating our listing on a national exchange.
Furthermore, rest assured that these proposed changes, if approved and enacted, will affect all of our shareholders equally, including our officers and directors - who collectively own approximately 22% of our outstanding shares (and would continue to own 22% of our outstanding shares if the reverse split (and each of the other proposals) is approved and enacted). None of these changes can be affected without the approval of our shareholders. You can find specifics on the shareholder approval requirements and our reasons for making these proposals in the proxy statement we filed with the SEC at http://www.sec.gov/Archives/edgar/data/1108699/000101968707001836/0001019687-07-001836-index.htm.
Also, please note that none of these proposals will have any effect on our business, assets or liabilities or on your ownership percentage in our company. We have given careful consideration to the pro's and con's of each of these proposals (you can find a detailed discussion of those pro's and con's, as we see them, in the proxy statement), and it is our belief that these proposals will lead to a stronger, more prosperous company for the benefit of all our shareholders."
Of note, they state that the split affects EVERYONE, directors, officers, etc. Also note that they only own 22%, so they can't make the decision to split on their own. They will require a significant percentage of retail shareholders to vote yes as well.
In the end, I trust that they know what they are doing. They have experience in this and have stellar reputations. You think after a life of hard work that Bushnell is going to go out by screwing shareholders? I think not. Once again, whether or not this dips today is immaterial if you bought shares based on the company's future value potential. If you bought just to flip it, you can take a loss today or wait it out.
Regarding dilution, well, that's part of any growing company. In fact, getting this onto a higher exchange is the best thing for the stock because institutions with the proper insight will know it's a bargain at current prices and be glad to invest. Staying on the otcbb just caters to the flippers and the moment interest wanes, or if the promise of huge rewards are not immediate, the pps dies. (This is proven by all the chicken little posts over the weekend.)
Do what you have to do Nolan!
clearwater, if you're going to use big words in an attempt to show your intellectual superiority, wouldn't it be wise to at least spell them properly? LOL
If I understand you correctly, your REAL problem is not with the r/s, it's with the A/S increase. Remind me again how this makes a difference to the value of the shares? I was under the impression that no one has control of shares that are in the vault. A/s doesn't equal o/s.
Really, I don't see how any of this is screwing over the longs. Care to explain in very simple words, and perhaps include pictures for me how this really makes a difference to longs?
"Rob" us of 75% of our shares?
How many times does it need to be explained before people start to understand that a split, whether forward or reverse, results in your shares being worth the exact same amount afterwards. Four quarters, or a dollar bill - they are both the same.
Also, as has been pointed out many times, the only reason r/s usually signal something bad about a stock is because many times, the reason a company does a r/s is because their pps has fallen so low that they need to do it just to prop the price back up to satisfy requirements. This is not the case with uWink. They are looking to UPlist and they want to do it sooner rather than later by waiting for all the small fries to buy it up to $6. I see this as a good sign.
The people behind this company aren't idiots, nor are they scammers. They know what they are doing and have plenty of experience to back it up.
And no, there are no longs taking up the rear on this move. The only people taking it up the rear are the flippers who don't want to wait a few months for their money to triple. The longs will see huge rewards. There is no doubt about it.
They've already announced the first franchise agreement. Do you guys think this is the only one they've been working on? You don't think they've got a bunch more nearing completion and soon will be announced as they get finalized too?
Franchises are revenue for the company, at the beginning AND ongoing.
So the company needs a certain amount of equity before listing to the NASDAQ or AMEX. A load of new franchise deals would give them that. A financing deal would provide that. So why would Nolan want to pull a r/s now? Why rush the pps if he doesn't have anything else to satisfy the requirements? A r/s now could only mean one thing.
Will there be dilution? Sure. So what? Name a growing company that never diluted. Dilution or debt. What's the difference? Tomorrow may see a dip, but in the end, I believe those who hold on and have a bit of patience (and iron stomachs maybe) will be rewarded tremendously. No scam. No new fuel being touted here. Just a great idea that's about to take off.
Popped in to see if this stock was any more popular here than it is over at HSM and I see that it's not. lol
I initially entered the stock as a quick flip, but then my DD convinced me to stick with it and see how it goes. I have a feeling that this will pay off handsomely given a bit of time.
Technically, you couldn't ask for a much better chart. Ever since December first, it has been big volume on the up days and low volume on red days, the chart is coming out of a (bit strange looking) reverse head and shoulders, the RSI is turning up and about to hit the power zone, the slow stoch is sitting at 50 and crossing over to head up again, OBV is turned up with lots of room to spare, MACD just crossed above the zero line, the 20dma is above the 50dma, and we finished Friday with a nice long bulling engulfing candle that engulfs the last TWO days of trading. Overall, this is an extremely bullish chart, is it not? Not sure why it hasn't come up on more people's scans.
Fundamentally, their last PR stated that they had revenues in January of $25,000 for their new IR division and one of the clients they've already signed up is RSHN. $25k in only one month is amazing, considering their entire revenue for the last quarter (THREE months!) was only 12k. So essentially, their revenues have increased 6 times! And the CEO saying that those revenues ought to be enough to sustain the business without the need to dilute is excellent news. You can see by the very low selling in the past few days, and the nice big moves up, that he's telling the truth. They can't be selling into the run if it moves like this.
I'm really loving this stock, but not many people seem to be paying attention to it. Why is that?