Author Topic: KONA - Kona Grill  (Read 49575 times)

roark33

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DTEJD1997

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Re: KONA - Kona Grill
« Reply #181 on: October 20, 2019, 11:14:18 AM »
Hey all:

It is kind of official now.  KONA shareholders gets nothing!

Please see:

https://www.bizjournals.com/phoenix/news/2019/10/16/kona-grill-investors-get-nothing-back-from-25m.html?ana=yahoo&yptr=yahoo

Stock was last trading at $.0065.

Interesting thing is that after closing a bunch of location, KONA might be a half way decent chain.  STKS is buying the assets out of bankruptcy.

They might be able to run KONA reasonably well in it's scaled down form.

The whole thing was kind of crazy.  KONA was probably a decent chain when it had a dozen or so locations...but they pursued growth at any cost and wrecked it all.