uWink Inc. (UWKI)

[Blooey]

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!