uWink Inc. (UWKI)

[the big guy]

wow... I am not a Corporate Finance guy, but I want to guess without checking all of the posts about what the intentions/ purpose of this is.

OK, so they want to become a privately-held company, then they can do whatever they damn well please. They will reduce costs, yes, but in their situation that is not the main driver. They need to do far more than that, so it can't be the sole reason. It is a good (great) deal for the odd-lot owners. It probably gives them considerably more latitude in all that they do. The Sarbanes Oxley requirements are a hindrance for any company. That gives me the reason for my job (Cost Control):).

What is really interesting is the spin-off angle. They make the reference to raising capital: eliminating the costs associated with being a reporting company for each of our operating businesses, will improve the prospects for raising growth capital. Later: shareholders will receive restricted shares of the spin-off company so that no trading market will develop for the common stock of the spin-off company.. I thought that they were intending to issue shares for the spinoff (screwing investors). But that statement seems contrary to that, so maybe I don't understand. Maybe debt financing.

SO, the main intention of this seems to be to spin-off the software sales entity, which was the main source of future revenue and excitement.. which means current shareholders getting screwed. I would be thinking class-action lawsuit.. would be a better use of your capital..

But then again, As per my disclaimer, I am NOT a Corporate Finance guy.. this is beyond my depth.