uWink Inc. (UWKI)

[Jews4Kapler]

This isn't complicated. It was a convertible note, and they converted it into stock. They get a good deal on the stock because the money was lent at an interest rate that an up-start like UWNK would have a hard time getting from a bank. It's a trade-off. They accepted lower interest/greater uncertainty for an opportunity to profit from the rise in the share price. zac