Thursday, September 1, 2011

Wouldn't be surprised to see Cosi close down...

Così, Inc. (NASDAQ: COSI - News), the restaurant company, today announced that its Board of Directors has appointed Chairman of the Board Mark Demilio, 55, as interim Chief Executive Officer of the Company following the resignation of James Hyatt, 54. Mr. Hyatt has resigned as Chief Executive Officer and President of the Company and as a member of the Board of Directors, effective immediately, to pursue another opportunity due to family considerations. He will remain an employee of the Company until September 23, 2011 in order to assist with the leadership transition.

Last Friday. the company received a delisting notice from Nasdaq.

The stock currently trades at 65 cents a share.  Here's the monthly chart showing the stock since it went public in 2004:



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