Kona investors blast company’s stock deal

SCOTTSDALE Ariz. Two outside shareholders of Kona Grill Inc. have criticized the company’s December agreement to sell $1 million in stock to the father of Kona’s chief executive and chairman at a price below current trading values.

One investor alleged that the deal “crosses the boundaries of good taste,” and another offered a separate $1 million capital infusion. Kona CEO Marcus Jundt said Tuesday he could not comment on the dispute.

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