I forgot to mention my reason for choosing to opt in was not being diluted and maintain my percentage of ownership. I also opted in my intention to purchase additional from those who choose not to. Im doubting its going any lower now.
IMHO, Cosi stock wouldnt be this low if not for this offering. Im guessing some holders sold shares above the offering price beating those who would have dumped after. Im guessing COSI will begin to climb somewhat after this is completed.
All of this gos away with good results and would most likely solve the big board delisting issue. Im personaly keeping a very very close eye on Cosi after asking shareholders for more money. So should the rest of us longs ( excercised or not ) by asking questions and making sure your votes are counted this year. After all its our hard earned cash our leadres have asked for. Cosi leadership is needs to prove itself and even more so with this new funding by being responsive to its investors. Its time to slaughter the fat and streamline the operation or find a buyer.
I hope that if this offering is successful it means that Cosi management has a good plan to grow and large shareholders have bought into it. Obviously their management buying more shares should indicate they believe they have a good chance to grow but with all the shenanigans that managers do one can not assume that to be the case. But I hope so. We small investors only have hope as the company is not sharing their long term business plan with us. I hope after the offering on Jan 6th they share their vision for the future. I would think that could be good for a run to $1.00 if it’s credible.