uWink Inc. (UWKI)

[Netman]

"1/3" money is mainly for their new places operation

They have already said (in an SEC document that few bother to read) that they have enough money to fund their operations through January 2, 2009. All the new places will of course require some "working capital" during each of their start-up phases. The 6 million is set aside to acquire and rework / build all the new places, and the additional monies (beside the 250K) have to be set aside for each new place's initial operation (and yes, some corporate expenses) as they all become profitable... And they have also said that with three fully operational places uWink will become profitable (RE: H&H and Mountain View are planned to open no later then April 2008).

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 %