uWink Inc. (UWKI)

[Netman]

DUP: The exact details uSeek are in the 8-K

Regardless of what your "friend of a friend" or your "spidey sense" is telling you...the actual real world fact is... they had not received a conditional use permit within a reasonable time.

uWink obviously entered into the deal expecting to get it.
uWink then waited an appropriate amount of time to get it.
uWink was Not going to build / reconstruct at HH without it.
uWink terminated the agreement, as they should, to move on.

The 8-K statement they put out was very clear:
"The termination was as a result of certain permitting delays relating to the Center's conditional use permit that prevented the opening of the restaurant within the timelines provided for in the definitive lease agreement." - "The Company incurred no termination penalties."

http://www.sec.gov/Archives/edgar/data/1108699/000101968707004431/uwink_8k-122007.txt

There is no mystery regarding this, and there is no need to start one.

I spoke with Nancy Nino while they were waiting on the permitting.
The permitting put a hold on progress, they made the right choice.