for any stock to have a stock price it must have some plan to make money in the foreseeable future. This stock was always built on hopes; first of a chain of restaurants that had a few winning strategies based on technology and innovation, then of software sales. the software sales thing was never clear to me, they never had the right personnel or structure. I never saw it as being real. The spinoff to Tapco was a formality, a recognition of what was already apparent. The only shares that may be worth anything someday would be the Tapco shares. These uWink restaurants are not intended to make money anymore. They may be intended to act as demo suites for the new company (Tapco), but I would think at best they would break-even. They don't have to report.. so no one knows how they are doing. At this point there is no story or profitable future potential to invest in.
Penny stocks, like ones worth real pennies are very alluring. They are so cheap and the profit potential is so great that it is easy to build a massive position. But the fees will be expensive, and usually they do exactly what Rawnoc just posted.. they die...
ones I find interesting right now? Don't bother with uWink..
- DDY - Canadian Venture, there is a software company on the move..
- OCE - Canadian Venture... leftover from the dot-com boom.. holding company could be worth something, I just don't know what their plan is now.
- BLP - Canadian Venture.. breaking even, no growth, real boring.. but the chart is jumping.
UWKI by comparison is totally dead.
