Saturday, December 29, 2007 10:07:11 AM
I would speculate that Mountain View may happen in March.
I would speculate that additional franchise deals are more likely to happen when uWink becomes a chain (more then one).
Perhaps they will occur sooner...seems less likely that may happen.
Their USE OF PROCEEDS statement speaks their plan clearly:
"We currently intend to use the net proceeds from this offering as follows":
New restaurant development $ 6,000,000 64.6 %
Marketing and administration of a franchise program $ 250,000 2.7 %
General corporate purposes, including working capital $ 3,034,300 32.7 %
Total $ 9,284,300 100 %
http://www.sec.gov/Archives/edgar/data/1108699/000104746907008795/a2180968z424b1.htm
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.
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