Cosi Inc fka COSIQ

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Murph32

05/17/17 9:44 PM

Post #1,401

Re: #1,398: @ChecheCole - It seems like we will get 0.01¢

You leave here with absolutely nothing. Game over.

Gigi70

05/11/17 11:24 AM

Post #1,400

Re: #1,399: @Renee - COSIQ BK PLan effective. All shares cancelled at

So need to follow this further

Renee

05/11/17 9:28 AM

Post #1,399

COSIQ BK PLan effective. All shares cancelled at 9:09 A.M.

http://otce.finra.org/DLDeletions

ChecheCole Free

05/04/17 1:35 PM

Post #1,398

It seems like we will get 0.01¢

First Amended Reorganization Plan Approved for Cosi Inc.
Apr 25 17

The US Bankruptcy Court approved the first amended plan of reorganization of Cosi, Inc. on April 25, 2017. The debtor filed its modified first amended plan in the Court on April 22, 2017. Under the plan, the administrative claims of $0.23 million, US Trustee fees of $0.01 million, Priority tax claims and professional fees of $0.84 will be paid in full in cash. The DIP facility claim of $7.5 million will be paid through debt. The JP Morgan Chase secured claims will be paid in full in cash. The noteholder secured claims of $5 million will be paid through issuance of 100% new equity of the reorganized debtor to noteholders. Continuing Employment claims and customer claims will be paid in full in cash. General unsecured claims of $13.5 million will have an estimated recovery of 15.1% and noteholder general unsecured claims of $2.79 million will have an estimated recovery of 19.2%. Intercompany claims and interests will be reinstated. The existing equity interests will be cancelled. The plan will be funded from cash on hand, issuance of new debt documents, exit facility and new equity of the reorganized debtor.

ChecheCole Free

04/26/17 10:48 AM

Post #1,397

Re: #1,396: @JJ24 - http://bankruptcompanynews.com/cosi-plan-approved-04-26-17/

It seems like YES we will have $$$ (we dont know how much yet)

JJ24

04/26/17 10:17 AM

Post #1,396

Re: #1,395: @ChecheCole - So this is a 50/50 thing: If judge

http://bankruptcompanynews.com/cosi-plan-approved-04-26-17/

ChecheCole Free

04/24/17 9:56 AM

Post #1,395

So this is a 50/50 thing: If judge rules in our side, then we may get 2m/48.1M shares = 0.04¢

ChecheCole Free

04/24/17 9:55 AM

Post #1,394

So the game is not over yet

ChecheCole Free

04/24/17 9:54 AM

Post #1,393

Cosi Fights Over $2M In Shareholder Claims In Ch. 11

https://www.law360.com/hospitality/articles/915661/cosi-fights-over-2m-in-shareholder-claims-in-ch-11-

ChecheCole Free

04/24/17 9:54 AM

Post #1,392

Cosi Fights Over $2M In Shareholder Claims In Ch. 11

wsp102

03/29/17 3:33 PM

Post #1,391

Re: #1,390: @metfan1 - Latest Filing - what does it mean for

b. Holders of Existing Equity Interests. Under the terms of the Plan, the Holders of Interests in Class 8 (Existing Equity Interests) will neither receive nor retain any consideration nor retain any property under the Plan and, accordingly, are (i) conclusively presumed to have rejected the Plan and (ii) not entitled to vote on the Plan on account of such Interests. As such, all issued and outstanding shares of Cosi, Inc. will be cancelled and holders of such shares will receive nothing under the Plan.

metfan1

03/28/17 9:37 PM

Post #1,390

Latest Filing - what does it mean for us, common shareholders?

The legal speak went over my head and I couldn't find any explicit mention of common stock. So, what is pure fate? All lost, pay out, transferred to new private company, or something else?

Thank you!!

AKAPAK

03/24/17 9:04 PM

Post #1,389

Re: #1,388: @georgie18 - I thought you may have come across something

OK, no problem. However, I was just a little confused by what you said>

georgie18 Member Level Friday, 03/24/17 04:42:55 PM
Re: Lone Wolf post# 1383
Post # of 1388

Yup...I been adding a little here and there for months...worth the risk to me if that Q goes away and I am very patient...

georgie18

03/24/17 8:22 PM

Post #1,388

Re: #1,387: @AKAPAK - Referring to what you previously posted:

I thought you may have come across something else...I read all of what I posted...

AKAPAK

03/24/17 8:17 PM

Post #1,387

Re: #1,386: @georgie18 - What are you referring too...

Referring to what you previously posted:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129820430

Unless something changed from about 2 weeks ago, there is not in there for the commons IMHO.

Contact the law firms mentioned inside the plan for their opinion to be certain of which way the commons are represented.

georgie18

03/24/17 6:00 PM

Post #1,386

Re: #1,385: @AKAPAK - You should read the latest plan.

What are you referring too...

AKAPAK

03/24/17 5:53 PM

Post #1,385

Re: #1,384: @georgie18 - Yup...I been adding a little here and there

You should read the latest plan.

georgie18

03/24/17 4:42 PM

Post #1,384

Re: #1,383: @Lone Wolf - Wow. Higher than normal volume, but red.

Yup...I been adding a little here and there for months...worth the risk to me if that Q goes away and I am very patient...

Lone Wolf

03/24/17 4:29 PM

Post #1,383

Re: #1,382: @georgie18 - Cosi, Inc. Provides Notice to Holders of Claims

Wow. Higher than normal volume, but red. Oh well. Still worth paying attention to at half-a-penny.

georgie18

03/23/17 7:43 PM

Post #1,382

Cosi, Inc. Provides Notice to Holders of Claims and Interests and Parties in Interest Regarding Plan of Reorganization, Related Deadlines, and Hearing on Plan ConfirmationFont size: A | A | A
undefined undefined | GlobeNewswire
Cosi, Inc., the fast-casual restaurant company, today announced that, on March 21, 2017, the United States Bankruptcy Court for the District of Massachusetts (Eastern Division) entered an Order (i) Approving Disclosure Statement with respect to Joint Plan of Reorganization of the Debtors, (ii) Approving the Certain Balloting, Tabulation, Solicitation, Objection and Notice Procedures, and (iii) Scheduling a Hearing to Consider Confirmation of the Plan and Objection Deadlines [Dkt. No. 780].

Longshorts Free

03/17/17 3:56 PM

Post #1,381

Re: #1,380: @metfan1 - Riding it out - I'm down soooo much

Sorry to hear that. I really hope it works out and you are able to recover some of your losses.

metfan1

03/17/17 2:42 PM

Post #1,380

Re: #1,379: @Longshorts - Are people still hanging around this dead stock?

Riding it out - I'm down soooo much that I may as well see what develops; so many scenarios - go private and then they put lipstick on this to sell, private and then public, etc.

Longshorts Free

03/14/17 2:06 AM

Post #1,379

Are people still hanging around this dead stock? I have been temped to flip this lately...before it dies

georgie18

02/16/17 7:52 PM

Post #1,378

Re: #1,377: @akika - why?

Why...what?

akika

02/16/17 6:56 PM

Post #1,377

Re: #1,376: @georgie18 - Bidding down here...

why?

georgie18

02/16/17 2:32 PM

Post #1,376

Bidding down here...

Mano2004

02/16/17 10:46 AM

Post #1,375

Last nail into coffin

Gigi70

02/16/17 6:25 AM

Post #1,374

Termination of Registration of a Class of Security Under Section 12(g) (15-12g)

http://ih.advfn.com/p.php?pid=nmona&article=73874477

globalworker Free

01/23/17 3:59 PM

Post #1,373

Re: #1,372: @makinezmoney - Yup... good assets... looks like it could

If they were interested, don't you think they would've made a bid for the company? You are aware that the auction has taken place and that the only bidder was the stalking horse bidder....Panera wasn't interested.

makinezmoney Free

01/23/17 8:09 AM

Post #1,372

Re: #1,371: @globalworker - No. You need to read up....

Yup... good assets... looks like it could

globalworker Free

01/23/17 2:41 AM

Post #1,371

Re: #1,369: @makinezmoney - Could Panera-Bread or Corner-Bakery buyout $COSIQ ?

No. You need to read up....

georgie18

01/20/17 1:02 PM

Post #1,370

Re: #1,365: @georgie18 - COSIQ... 014...Chart...Consolidation breakout setting up here on a

COSIQ... .0199...Chart linked from 014 alert...

makinezmoney Free

01/19/17 2:34 PM

Post #1,369

Could Panera-Bread or Corner-Bakery buyout $COSIQ ?

http://www.bizjournals.com/milwaukee/news/2016/10/11/cosi-restaurant-parent-company-seeks-buyer.html

$COSIQ

Lone Wolf

01/19/17 7:29 AM

Post #1,368

Re: #1,365: @georgie18 - COSIQ... 014...Chart...Consolidation breakout setting up here on a

Beautiful!

makinezmoney Free

01/18/17 10:39 PM

Post #1,367

Remember when Crumbs-Cupcakes soared to $0.40?

Ya... it was $CRMB and then it went to $CRMBQ

It dropped as low as $0.03

Read the article.

"Crumbs stock soared from 3 cents to close at 40 cents a share Thursday."

http://www.latimes.com/business/la-fi-crumbs-lemonis-20140711-story.html

georgie18

01/18/17 4:22 PM

Post #1,366

Re: #1,365: @georgie18 - COSIQ... 014...Chart...Consolidation breakout setting up here on a

Broke 20ma resistance...Flipped the psar to a bullish buy signal...pushing for an upper bollie breakout...

georgie18

01/18/17 2:59 PM

Post #1,365

COSIQ... 014...Chart...Consolidation breakout setting up here on a tweezer bottom...imo...

Lone Wolf

01/16/17 10:08 AM

Post #1,364

Re: #1,050: @Lone Wolf - Let the charts be your guide. COSI

Now look at that purty chart!! Gonna watch this week for any signs of volume.

COSIQ - .014

Gigi70

01/09/17 2:14 PM

Post #1,363

Re: #1,362: @metfan1 - "Debtors assert that nothing herein is intended to

Agree, i need more patience

metfan1

01/09/17 11:29 AM

Post #1,362

Re: #1,361: @Gigi70 - Check latest 8K from today "..to deregister its common stock..."

"Debtors assert that nothing herein is intended to cancel or alter the rights of shareholders with respect to their stock interests." it goes on to say.

So we will have to wait until Feb 15th-ish to hear the official news on what happens to our shares...soo many potential scenarios.

Good Luck Everyone!!

Gigi70

01/09/17 7:30 AM

Post #1,361

Check latest 8K from today

"..to deregister its common stock..."

metfan1

01/06/17 5:23 PM

Post #1,360

Re: #1,359: @QUANTUM314 - I'm keeping part of my position and might

I don't see the debtors wanting to hold this for long...they will put lipstick on this and flip it...and hope we come out good.

QUANTUM314 Free

01/06/17 5:18 PM

Post #1,359

Re: #1,358: @metfan1 - You are one of the big supporters here...why

I'm keeping part of my position and might average down, jump back in when some life comes back into this. Looks grim that they want to go private

metfan1

01/06/17 5:14 PM

Post #1,358

Re: #1,357: @QUANTUM314 - Sold off at a loss here :( Was

You are one of the big supporters here...why give up now when you've been through such hell already

QUANTUM314 Free

01/06/17 4:21 PM

Post #1,357

Sold off at a loss here :( Was a gamble for sure.

metfan1

01/06/17 1:50 PM

Post #1,356

Re: #1,355: @wsp102 - Alternatively, there is what's called "Going Dark" so

Deregistration is really just a holding pattern.

eventually, the company will have to tender an offer for shares and really go private, or sell the company, or close shop altogether.

it's very expensive for them to relist the company, so the stock is pretty much done until one of the three scenarios above is met.

wsp102

01/06/17 1:41 PM

Post #1,355

Re: #1,353: @metfan1 - private in the sense that they don't want

Alternatively, there is what's called "Going Dark" so the company can avoid the reporting requirements and costs associated with the stock market listing.

Longshorts Free

01/06/17 1:32 PM

Post #1,354

Re: #1,353: @metfan1 - private in the sense that they don't want

http://www.investopedia.com/ask/answers/05/publictoprivate.asp

I would've typed it out but this link says it all...lol

metfan1

01/06/17 1:27 PM

Post #1,353

Re: #1,352: @Longshorts - Looks like the new company wants to take

private in the sense that they don't want to be subject to the SEC reporting requirements and such...if they were truly going private, they would either purchase our stock or do something else to it.

In the doc they filed, they said that "the shareholders of common stock will retain all shareholder interests" , leading me to believe that we will be ok for now - catch is there is 0 liquidity so you couldn't really sell if you wanted to bc there wont be any buyers.

Sooo...this introduces yet another slew of possibilities - one of which is they put lipstick on the company and flip it in the short-to-medium term. at that point, the question would be what happens to our stock? it would spike, BUT that's assuming they don't dilute our current stock.

too bad most folks on this thread only post a few words...a sentence at most lol. doesn't lend itself well to having a discussion.

Longshorts Free

01/06/17 1:15 PM

Post #1,352

Re: #1,351: @metfan1 - Motion filed by Debtor Cosi, Inc. For Authority

Looks like the new company wants to take it private.

Older

Cosi Inc fka COSIQ

Followers	32	Posters	166
Posts (Today)	0	Posts (Total)	1401
Created	12/30/08	Type	Free
Moderators

Named after Mozart's Così Fan Tutte, the favorite opera of the original owner and founder of the Cosi restaurant in Paris, France

http://www.youtube.com/watch?v=BMh0ttWTsr4

Q1 2012 Earnings Call - Cosi, Inc.

http://edge.media-server.com/m/p/haw89434/lan/en

COSI at .83 cents on 11 August 2012 -- remember this Price - $$$ ATM coming $$$$