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Cosi Inc. Message Board

svenkarls1 72 posts  |  Last Activity: 17 hours ago Member since: Jan 15, 2013
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  • and share price below $1 for many months now... all this adds up to DELISTING... it's coming soon.. get ready to sniff it..

    Sentiment: Strong Sell

  • with revenues flat and going down , the stock itself will continue downward... there's too much that stinks here.... speaking of which I just farted

    Sentiment: Strong Sell

  • going back to $2 or less.. I've seen it many times a small company gets marginal fda approval and soon they find they cannot sell the product

    Sentiment: Strong Sell

  • phase 3 slam dunk this year.

  • svenkarls1 by svenkarls1 May 27, 2016 10:02 AM Flag

    during the great restaurant boom of 2010 thru 2014 many chains and others opened up across the country... this created way too much capacity... it becomes dog eat dog... margins get chopped , losses increase etc... In cosi's case, they never had a chance anyways. During the boom of 2010 thru 2014 they struggled mightily as they are doing now... laughable fraud. Cosi is merely a retirement sled for execs and managers. How many exec/manager homes and Mercedes have been paid for with shareholder funds over the past 14 years? Accumulated DEFICIT of $300 mill +... management siphoned off all that cash into their personal wealth and enjoyment.. ALL COSI EXECS /MANAAGERS ETC belong in jail..

    Sentiment: Strong Sell

  • company is 5+ years away from phase 3... what a joke!

    Sentiment: Strong Sell

  • svenkarls1 by svenkarls1 May 25, 2016 12:21 PM Flag

    from the latest 10-q ....



    Total revenues

    21,681,000

    Cost of food and beverage

    5,655,000 or 26% of Sales

    Restaurant labor and related benefits

    8,004,000 or 37% of Sales

    Occupancy and other restaurant operating expenses

    7,487,000 or 35% of Sales

    However industry averages for LABOR percent is maybe 32%.. some as low as 25%... which COSI is 5 percentage points above avg.. laughable... the wildly excessive labor takes $1 mill alone per qtr from grossmargin.

    Cost of food and beverage is within limits, no problem there...

    however occupancy and "other" should be 20% at very most .. but COSI is crazy 35%... thisis beyond crazy.. and of course NEVER explained by RJ. Can you imagine a sandwhich shop doing only 1 mill sales and yet being charged $350,000 for mere occupancy? SEC needs to shut this colossal jokedown

    Sentiment: Strong Sell

  • Reply to

    Question

    by stockyardbull4 May 24, 2016 5:04 PM
    svenkarls1 svenkarls1 May 24, 2016 9:22 PM Flag

    more importantly , since 3 years ago, they've burnt off $40 MILLION cash and poured $10 MILLION of DEBT on the balance sheet. all this yet sales are worse than ever ...

  • Reply to

    back to 5 cents...

    by svenkarls1 May 24, 2016 4:35 PM
    svenkarls1 svenkarls1 May 24, 2016 9:18 PM Flag

    95% + of their sales are "related party"... absolutely nutty.. it's like ur selling stuff back and forth to yourself... then presenting these "back and forth swaps" as sales... I don't get it ... i guess that's their point to confuse ordinary investors.. Most that bought PVHO at higher levels probably don't even know what a 10-Q is.. furthermore they probably have no clue about related revenues.. I don't get the structure... I don't know what assets and liabs and sales these other LLCS have..i do know PVHO is showing large negative equity on the balance sheet.. when preferred stock and debt is splashed all over the balance sheet, one thing you do know is ur last in line to get anything

  • svenkarls1 by svenkarls1 May 24, 2016 4:35 PM Flag

    something aint right.... something stinks.. I see much debt on the books and $10 MILLLION negative equity. And almost all their sales are "related party sales"... now what the heck does that mean? these weird LLCs are the one's supposedly purchasing the kiosks... but then the LLCs are related to PVHO... sorry but something stinks here

    Sentiment: Strong Sell

  • Reply to

    The RNVA Two Year Graph

    by eqivacation May 19, 2016 11:10 AM
    svenkarls1 svenkarls1 May 19, 2016 12:22 PM Flag

    The $20 MILLION in general stock raises from CLRX/RNVA over the past 2 years are COMPLETELY GONE... long gone.. the money disappeared into execs pockets.. Jail time needs to come for mika and crew..

  • 1 mill float ... a little volume and up 100%+ in no time

  • Reply to

    Cash Burn Diminishing

    by sfiaes May 14, 2016 11:33 AM
    svenkarls1 svenkarls1 May 18, 2016 7:05 PM Flag

    RJ said cash flow even was coming 2 years ago! MORON.. you are dumber than DIRT! Revenues COLLAPSED $3 mill Q over Q... they are closing stores and many more stores must be closed. RJ has WASTED $35 MILLION cash over 2 years and revenues are worse than ever.. WORSE THAN EVER.. any cost reductions are laughable... another debt raise is due soon... this will further pollute the balance sheet.

    Sentiment: Strong Sell

  • those who pumped this should be arrested by SEC

  • strong SmELL

  • take a sniff of this..................

    "Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
    On April 26, 2016, Rennova Health, Inc. (the "Company") was notified by Nasdaq that the stockholders' equity balance reported on its Form 10-K for the year ended December 31, 2015 fell below the $2,500,000 minimum requirement for continued listing under the Nasdaq Capital Market's Listing Rule 5550(b)(1) (the "Rule"). As of December 31, 2015, the Company's stockholder's equity balance was $(1,193,799). In accordance with the Rule, the Company has until June 10, 2016 to prepare and submit a plan to Nasdaq outlining how it intends to regain compliance. If the plan is accepted, the Company can be granted up to 180 calendar days from April 26, 2016 to evidence compliance. There can be no guarantee that the Company will be able to regain compliance with the continued listing requirement of Nasdaq Marketplace Rule 5550(b)(1) or that its plan will be accepted by Nasdaq.
    ...............

    considering equity is now NEGATIVE $7 MILLION , they have no way to prevent delisting. They'd have to do a $20 MILL general stock offering... A stock offering when revenues are down 89%! good luck finding 20 million suckers to fund that one.

  • shorts MUST COVER... sweet squeeze coming

  • no pun intended. Even once high flyers like CMG /BWLD and RedRobin are dumping hard. During the great restaurant boom of 2010 thru 2014, many many chains opened up... Now competition is tough as nails... Customers have many many choices now for fast/casual food... ]Thus (at best) cosi will have FLAT sales for the foreseeable future.. And with continued high fixed costs and lack of a gross margin, many more losses will roll in... If after 14 years, cosi execs (and bored of directors) still cannot figure out how to make a penny off a cup of coffee, well sir it's time to declare BANKRUPTCY!

    Sentiment: Strong Sell

  • Reply to

    ronnie gonna burn this down to zero

    by svenkarls1 Apr 30, 2016 8:02 PM
    svenkarls1 svenkarls1 May 16, 2016 2:00 PM Flag

    AWX is game over with the $9 MILLION debt on the books... It was only recently that AWX incurred massive DEBT and cash balance plummeted. It used to be AWX had around $9 mill cash and ZERO debt on the books, now its done a 180 and $9 MILLION DEBT is on the books with virtually no cash.. I'd like to see some clown pop up here and say its a positive now with the DEBT haha.. I imagine the debt holders will walk away with a good deal of the assets soon enough... POOF goes the book value... then you'll be left with some horrible waste mgmt. biz

  • Reply to

    Another 3 MILLION DOLLARS in losses

    by hopeforagoodcoach May 15, 2016 10:00 AM
    svenkarls1 svenkarls1 May 16, 2016 12:38 PM Flag

    yep I can smell the bankruptcy coming... delisting due and cash running out... basically the debt holders and RJ will absorb any decent stores , the rest (50%) will be shut down via bankruptcy... RJ and crew will walk away with the honey pot, leaving the stink for anyone else. Heck 2 years ago RJ said cash flow even was coming.. what a joke that was.. RJ has burnt off $35 MILLION cash in 2 years since he took over... Another capital raise aint coming... RJ failed miserably ... you'd have to have manure for brains to enter into another capital raise.

COSI
0.5468+0.0118(+2.21%)May 31 4:00 PMEDT