Cosi Inc fka COSIQ

[QUANTUM314]

"Qualified bids must be received on or before November 28, 2016, at 5:00 p.m. Eastern Time, and must provide that the Sale will be consummated on or prior to December 14, 2016. If the Debtors receive no qualified bids for the assets (other than the bid of the Stalking Horse Bidder), the Debtors will not conduct the auction and will designate the bid of the Stalking Horse Bidder as the successful bid. If the Debtors receive one or more qualified bids, other than the bid of the Stalking Horse Bidder, the Debtors will conduct the auction on November 30, 2016, in accordance with the Bidding Procedures until the Debtors have selected the successful bid.”

In 2010 sold 13 restaurants in the Washington, D.C., market to Capitol C Restaurants for $8.4 million (Capital C owns Qdoba Mexican grill).
As of October of this year COSIQ has 71 units in operation with its top 10 units doing 1.9m in revenue per year. Market cap is 3.18m


Here's a nice article on what is going on with COSI http://www.restfinance.com/Restaurant-Finance-Across-America/October-2016/What-Happened-at-Cosi/

COSIQ shareholders may see a nice paycheck here!