The author is the first person to state that with such clarity. As an investor, to invest on the possibility they make it is in my view, gambling. May as well go and play craps. I don't gamble because I know the odds are always against me. There is one situation in craps where there are positive odds, but I never understood it. Took me 5 minutes to lose $40 and then I quit.. lol.
anyway, I posted a long time ago that uWink had to be stable financially before being successful in the software business, because potential customers will shy away from them if they are not financially sound. Hence, when I thought they could break even with the restaurants I thought they had a chance. Now, I don't know.
The author of the article portrays it as a race against time. Everybody needs to realize that this is likely going to fail. It is certainly not worth risking hard-earned money on. What uWink could do is take the necessary action to become financially sound on 3 restaurants. This will involve massive cost-cutting and some restructuring. Unpleasant. But, when they do that, they are suddenly in good shape. The restaurants will serve as a platform from which to mount a sales campaign.
I would advise waiting another qtr for that to happen..
Most hitech companies struggle to get their first contract, execute, get the second, execute,,, before they can become a stable business. This is a unique approach. Build a restaurant and try to survive, then sell the technology.. lol.
