Well that makes sense...I doubt many accredited investors would have risked a lot of money on a PP for a pre-revenue company. I feel dumb having bought the little bit I did buy. But then again, we were all lead to belive that major profits and expansion were just a matter of raising a few million dollars and a couple months to open up lots of restaurants, since they supposedly had so much lined up and ready to go.
As a shareholder I hope Uwink does well. I just think it would be foolish to buy any more shares until there are real revenues, not just "plans" of having revenues one day. At this rate I am wondering whether they will have to dilute again to stay afloat. Without real revenues there is no bottom to a stock price, no matter how good the "big idea" behind the stock is. Lesson I learned the hard way.
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