uWink Inc. (UWKI)

[the big guy]

Actually you have the Matching Principle wrong. What you are talking about is Revenue Recognition. I noted the 10-minute delay between my post and your response. I am sure that search engine technology available today could have found the information on Principles of GAAP faster than that. No Matter.

Matching Principle = Matching Revenues with the Costs incurred in earning those revenues. So, it makes logical sense to separate the licensing business from the restaurant business as they have done.

Revenue Recognition = reporting revenue when it is "earned" or recognized. Different thing.

Anyway... to me it seems so obvious that it is really beyond proof. I don't think a company can function without demonstrating any kind of creditworthiness, even ST creditworthiness, for any period of time. I think they would just get shut down.

But... maybe I just don't know. In my view the entity as it was is "under" as we speak. Future developments will be interesting.

Have another one..