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Saturday, January 17, 2009 3:44:37 PM
I can add a bit of personal experience. I worked for a privately held company. This is a large engineering consulting firm... quite different from uWink. They had a brokerage firm that handled their dealings. The way it worked was that every quarter there would be a price set by the brokerage firm and an exchange of shares. You would put an order in for your shares, with the price being understood. I personally was not involved in it. My observation was that the price appreciation was simply to difficult to maintain based on the growth.
So, if they were truly privately held... uWink would have to hire such a firm and have periodic opportunities to buy/ sell stock. Of course, it might be yearly or whatever, maybe not quarterly. The little club of shareholders (<500) would be informed of the mechanisms by which they would buy/ Sell shares.
Anyway, to my understanding they are not Privately Held yet, but are on the Pink Sheets. I am not sure what that means... How that would work with raising capital on the Pink Sheets. I don't know.
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