I am so glad that the two of you, have found one another, and can ask and answer one another's questions and concerns. Just the fact that you two have settled on one another for information on this company, says it all. Happy trails.
They have no LT debt, according to release financials. 1.2 in ST liabilities (A/P).
About the only way of cost-cutting in high tech is letting people go. Looking at their SG&A it is lots of salaries and consulting fees. They are paying s/w consultants to develop s/w. If a company is in financial trouble one of the first things they do is cut the contractors. Cannot quite understand why they are paying consultants. Does not make sense. And the R&D expense is way too low. There are two critical resources in a high tech company; developers and salesmen. Everybody else is O/H to some extent.
The fact that they have revenue-generating restaurants is a powerful competitive advantage for them. Those restaurants also double as test labs.... very cool.
I would buy if they got to that range. When/if they became a self-supporting restaurant business with the hope of becoming a software company. Currently, I think they are dreaming... pulling the wool over our eyes. I would like to see canges... cost-cutting.
I would think that if they got to that range they would become a takeover target. Another poster, Greenband, explained the rules regarding a potential takeover. It wold be a boon for investors... That is something that I could foresee happening after this credit crisis is over.
uWink is thinly traded and closely held - a relatively few number of shareholders control a large percentage of the stock.
Any attempt to buy a controlling stake would result in the stock price rocketing up. An entity would also have to file a SEC report once their stake was > 5% stating their intent. This prevents someone for surreptitiously acquiring a controlling stake "under the radar"
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