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Cosi Inc. Message Board

  • corruptbusinesss corruptbusinesss Oct 19, 2011 5:39 PM Flag

    Blum Letter to BOD member Mr. Okamoto

    Mr. Karl Okamoto
    Chair, Search Committee of the Board
    Cosi, Inc.
    1751 Lake Cook Road
    Suite 600
    Deerfield, Illinois 60015

    Dear Mr. Okamoto,

    Thank you for your letter dated October 16, 2011.

    I continue to be very interested in serving as CEO of Cosi, Inc.,
    but my candidacy is fundamentally different than any other
    candidate you may be interviewing.

    My offer to serve for $1 a year and bring a minimum of $10 million
    of new capital to the table would seem to differentiate me vs. any
    other candidate you may be interviewing, above and beyond my
    documented track record in the restaurant industry. All of this
    together is integral to the plan.

    Simply put, if the Board adopts my proposal submitted October 12,
    2011, I would definitely be interested in being interviewed by
    the Elliot Group as a potential CEO to greatly enhance
    shareholder value as part of the restructuring of Cosi, Inc.

    Since the Board has not responded to my proposal, are you telling
    me that there is no process in which I can speak with the Board
    of Directors, or a portion of the Board of Directors, other than
    the one you have outlined?

    I am reaching out to you in a good faith effort to find common
    ground in a way that would be most beneficial to all stakeholders
    of Cosi, Inc, starting with shareholders.

    Sincerely,

    Brad Blum

    Mr. Blum does seem to be serious! Maybe there is a glimmer of hope that Cosi will survive.

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COSI
1.40+0.16(+12.90%)Jul 29 4:00 PMEDT

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