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Re: Warhorse post# 18695

Tuesday, 11/25/2008 10:20:12 PM

Tuesday, November 25, 2008 10:20:12 PM

Post# of 19383
the thing that is different about this company is that they have no debt. It is hard to tell how "bad" things are, because the situation is so unique. Software companies tend to be self-financing and have a lot of cash in the bank. They don't need alot of capital. uWink has hardly any Working Capital, no debt, poor cash flow.. a weird mix.

uWink is burning cash, and fast. Opinions vary about how bad that is... obviously a big deal will save them. I tend to think they will not be able to get debt financing, but really I don't know. I think they would be forced to make changes fairly soon that will depress the stock price further.

My personal opinion is that the best thing to do is to wait until they make some changes, because I don't think they have enough sales activity on the go. Just IMHO.

then, it is fair game... the "risk/ reward ratio is ideal"... at .05?