TBG: uWink will distribute as a dividend one share of common stock of uWink Interactive, Inc. for each share of common stock of uWink, Inc. (sometime) after 1/15/09 (the distribution date is yet TBD), providing uWink has reduced the number of shareholders below 500 by 5pm 1/15/09, via their odd-lot (99 shares or less) offer...
The date of shareholder record for the odd-lot offer was 12/1/2008 (for shareholders who owned 99 or fewer shares as of the close of business on December 1, 2008). - These odd-lot holder shares need to be tendered by the 5pm 1/15/09 deadline, to qualify for the odd-lot offer terms.
Only Shareholders holding shares after 1/15/2009 will qualify for the upcoming spin-off distribution.
"If, after the completion of this Offer, we have fewer than 500 stockholders of record, we intend to deregister our common stock under the Exchange Act and become a non-reporting company. Moreover, once we deregister, we intend to spin-off our Technology Licensing business to shareholders as a separate non-reporting company."
RE: TBG: "There is not really much point in holding this stock in the short term."
'Point' BTW: Those that are not holding uWink stock shares past the odd-lot 1/15/09 tender deadline will Not be provided the Technology Licensing spin-off shares later on...
uWink - uWait - Netman
I base my personal decisions on my own DD, research, evaluation, constant re-evaluation, insight and information. Everyone should do their own DD, and constantly evaluate their own conclusions IMO.
AI
