Blum has been gone for over 6 months, that was asked about in the Q4 call. Based on posts below he has liquidated and taken his cash elsewhere. Based on the last call it looks like COSI is probably looking at all options at trying to create value. Management and board bought a lot of stock at $2.60 last summer. One would hope that drives some incentive to get the business value back over $2.60 a share at this point. Stephen Edwards has been quiet and almost non-existent since his appearance on the scene. He put $600k in last summer. The last call did not instill much confidence.
Stephen Edwards from Edwards Capitol Investments ? On its website, Edwards Capital says it makes "control equity investments" in small and mid-market companies. Yet, while retail is one of its target areas, restaurants are among the current "areas of specific interest." And Edwards' own experience in the restaurant industry is limited. Among the several companies on whose board he served, only one besides Au Bon Pain is a restaurant: Champps Entertainment Inc.... Oh sweet baby alla .. pennies on da dollar
He Did .. He moved on.. google his name in google news
FIVE TO SEVEN to Raise $50 Million in Investment Capital to Bring the FIVE Principles of 'Good Food' to SEVEN Continents LONDON & NEW YORK--(BUSINESS WIRE)--May 07, 2013-- Today marks the launch of FIVE TO SEVEN, a new transatlantic partnership, whose mission is to provide Good Food for the Planet(TM) .
Brad Blum, a leader in the U.S. restaurant industry, and John Vincent, founder of British 'naturally fast food' restaurant brand Leon, are raising capital to create and invest in restaurant businesses that provide Good Food for the Planet(TM) , whether they be new, emerging businesses or large established brands.