I am undecided if they will survive, but IMO they will for at least a few more years.
(1) The previous financial situation operations reported are for 1 restaurant -- they now have 3. A number of expenses shouldn't be duplicated with the additional 2.
(2) The filings stated they are good on cash for 12 months. There are a number of cases posted here that makes it possible. Unsure how likely. A company officer with an obvious bias affirms that they are okay on cash.
(3) They are apparently getting revenue from licensing sources. How much revenue is still kind of a mystery to me as to the rest of us I imagine...and that will ultimately determine how successful -- or not -- they'll be in 2009 IMO.
(4) They can probably reverse split and dilute again to survive. So surival isn't much of a question to me IMO -- the question is if the common shareholder will profit going forward from here. That I cannot determine yet, but I am watching closely to try to figure it out and load up, when I'm ready, before the rest of the market figures it out hopefully.
(5) One can also speculate about other potential sources of funds, if needed, but there's zero evidence of possible sources so I'm not even going to bother speculating.
(6) I went to the Grand Opening Hollywood VIP party which a lot of people got plastered at with the open bar and extremely strong drinks being passed out by cocktail waitresses almost by force. As such, there was a lot of mouths running about some massive deals in the works. I couldn't figure out if that was just drunken hype talk, reality, or my own alcoholic haze hearing things. A couple of others were there and posted and claimed to here similar things, but they were also gettting all sauced up there on the UWKI shareholders' dime. (thank you all, by the way)
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