uWink Inc. (UWKI)

[the big guy]

This is open to debate. I simply can't believe that that could happen. I think the ST creditors would be wise and simply demand cash/ payment fairly quickly. Then uWink's and Nolan's reputation would be mud. He would never be able to get lines of credit again.

I am not a banker, but I would think that the bank must remain apprised of their business affairs and would shut down their bank account fairly quickly if they felt anything was unpayable.

There was a Subway across the street from me in Toronto. Nice little Lebanese fellow ran it. One day, it was shut down. A sign was up.. closed for non-payment of lease payments. Done. Just like that.

Possibly, was the timing of the offering such that anybody in the know knew that the proceeds of the offering were imminent at that time last year? Hence the latitude wrt obligations.