Cosi Inc fka COSIQ

[illegal_alias]

Yes, "at this point". However, COSI can appeal and present a plan for a second 180-day extension per NASDAQ rules, moving from NASDAQ Global Markets to NASDAQ Capital Markets in the interim. The plan must show intent to regain compliance and state that it will effect a r/s if necessary (see https://listingcenter.nasdaqomx.com/show_doc.aspx?file=faqscontinued.html and https://listingcenter.nasdaqomx.com/assets/continuedguide.pdf).

So, COSI was pretty much forced into making that statement, which at the end of the 8-K states that it would only take that action if necessary. Looks like they are serious about maintaining their NASDAQ listing. Getting the PPS to $0.80 and then a r/s would keep them on the NASDAQ Capital Markets. Getting to $1.00 will get them back on the Global Markets and a r/s will not be necessary.

Looks like they will get a second life-line until second-half of May 2013 to regain compliance.