uWink Inc. (UWKI)

[Netman]

TBG/John Cross REPLY - Chris Fernandez Says:

November 20th, 2008 at 2:29 pm

John,

Save your negativity man….I will have a report on uWink’s 10-Q shortly, and yea, suffice it to say, it was not pretty in terms of RESTAURANTS, but if you talk to management at all, like I do, and actually understand the trajectory of this company, you will see that they are really not in the restaurant business at all.

In fact, as of now, all 3 locations are self sufficient, and cash flow even to positive.

In the mean time, as also evidenced in the Q, they are hard at work at tons of deals left and right that will yield meaningful revenue and involve large deals that are as yet to be announced.

Can uWink go to 0? Yep, that’s why its a 10 Risk stock, and I explain that clearly to everyone, every time I write about it.

But as part of a balanced portfolio, and a small position, it is well worth the risk, especially at these levels.

In fact it is trading below cash value even though the cash will run out in less than 6 months, and less than tangible book value, even if you assume uWink has overstated the value of those assets and they are actually worth 50% less.

So John, you can indeed gamble, or you can gain information and make sound, if risky, investing decisions.

No risk no reward, and this site is all about risk.

Chris

http://peakstocks.com/uwink-completes-100-terminal-integration-at-retirement-community#comment