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Re: Netman post# 15312

Wednesday, 11/21/2007 9:51:11 PM

Wednesday, November 21, 2007 9:51:11 PM

Post# of 19383
UN: "On November 7, 2007, we completed a registered offering of our equity securities which resulted in net proceeds to us of approximately $9.3 million. We expect that the net proceeds from this offering will be sufficient to fund our present level of operations and near-term growth strategy through December 2008, as well as build out and operate our four new planned company-owned restaurant locations and continue our current level of operations for the next twelve months."

..."On October 25, 2007, we entered into a definitive agreement to acquire the leasehold interest and certain other assets of a currently operating restaurant in downtown Mountain View, California, which we intend to convert to the uWink concept and open by early 2008. We believe these high profile, high visibility locations will greatly increase the value and recognition of the uWink brand. We intend to use the proceeds of our November 7, 2007 registered equity offering (described below) to complete the development of these four new restaurant sites, and to continue implementing our growth strategy."

From SEC Doc 11/20/07


uBuy until uSell - uWink, uWait, uWin! - Netman

I base my trading decisions on my own DD, research, evaluation, constant re-evaluation, insight and information. Everyone should do their own DD, and constantly evaluate their own conclusions IMO.