SCOTTSDALE Ariz. Two outside shareholders of Kona Grill Inc. have criticized the company‚Äôs December agreement to sell $1 million in stock to the father of Kona‚Äôs chief executive and chairman at a price below current trading values. One investor alleged that the deal ‚Äúcrosses the boundaries of good taste,‚ÄĚ and another offered a separate $1 million capital infusion.¬†Kona CEO Marcus Jundt said Tuesday he could not comment on the dispute.Recent filings with the U.S. ...
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Contact: Desiree Torres Desiree.Torres@penton.com