also the shareholders equity is only 3.1 mill and with a loss next quarter, they'll be below the threshold for nasdaq listing and thus DELISTED.. MIka NEVER intended for any cash to go to shareholders.. he kept it for himself and his cronies.. only thing he'll deliver to you bagholders is a bankruptcy filing
but hey, the klingle ego must be satisfied. . Market hates this greedy puke. Market wants to see sale of real assets NOT the purchase of more bs. AWX is simply a money grab for klingle and his group of cohorts..
Another leisure lounge for him and his cronies.... aka money pit for bagholders.. expect the losses to ramp up ..I expect new lows in stock price by years end... cheers morons
Sentiment: Strong Sell
the motivation is simple... they refuse to allow a price pop, they just bleed it down slightly right down to zero... now 18 cents, then 17, 15, 11, 8, 5 , 2... it'll never pop
when you cant produce a simple sandwich after 13 years, something has been seriously wrong... I think criminal investigators and forensic accountants need to descend on cosi headquarters.. This is beyond a comedy act. Cosi is a management retirement vehicle, nothing more. I wonder how many cosi employee homes were paid for over the last 13 years thanks to shareholder capital? COSI nothing more than a legalized Ponzi scheme. Other sandwich chains experience large growth commonly.. look at five guys, jimmy johns, in/out burger.... These are simple dumpy sandwich joints and yet massively expand locations ... yet cosi struggles every year to produce an edible sandwich? ..
Chinese/Koreans known for their fraud.. many Asian ipos went under to the pink sheets with bogus financial statements. Why would Gravy sit here if there was so much cash on hand? my guess the cash balance is fake.. that's why they refuse to do buybacks or dividends or sale of company.. it stinks and it stinks bad
debt is due and they must re-fi it at high rates or go bankrupt... and more competing casinos opening soon. And there is ZERO growth potential here... just continued erosion of existing revenues.. this is creating endless line of selling. It won't stop until 50 cents or less. Execs could care less, their heads are buried in the sand. This market HATES negative revenue companies and mr market will continue to punish them very very harshly
Sentiment: Strong Sell
DDE is at all-time lows now.. and soon to be sub-1. THERE ARE NO BUYERS... all I see is sellers slamming flush buttons in disgust. And selling will simply continue for months on end.. more competing casinos are opening soon and DDE will be forced to re-fi debt at high rates or go bankrupt.
Lying about job placement rates? that is such a weak argument because 99% of colleges DO SAME THING.
Also teacher salaries are wildly and criminally high.
"things are lousy , but gimme a year of more lousiness and then things might change"". Same ole tune coming when cosi reports their latest loss on aug 15. EVery ceo loser criminal at cosi has barfed the same turn about things improving after a year, and they NEVER DO.
ask yourself---if results continue to suck, and they will, who on earth would subscribe to another rights offering? NO ONE with a brain..
beware of dirty pumpers.. They will NOT tell you that delisting is a big threat and to avert delisting cosi will likely have to do a massive share offering
and employees absolutely SUCK.. they giggle , laugh and make fun of customers half the day. I guess they're laughing so much because they know the vile food they are serving.