More news from one of my Mainvest counterparties... another micro brewery that appears to be battling for its life - Ben King from 1487 Brewery this morning:
"Earlier this year we saw great business (as previously reported in the last update). The last few months have been rough. We went from a +6.2% above YTD projections to -3.35% below YTD projections as of November 5."
Also from the update:
"As we have been unable to overcome the theft and fraud previously reported by our former COO on top of the economic downturn, 1487 Brewery is courting buyers."
When the Founder/CEO wants out.... you know it's probably over. In case anyone is curious, these two small biz investments have returned 52% of principal in profit share payments. I've obviously written both of these investments off in my alternative investments portfolio. They were always high risk which is why I never put much in to begin with. Between Collectable liquidating and Mainvest businesses appearing cooked, 2023 has been an abysmal year in the alt space.
More news from one of my Mainvest counterparties... another micro brewery that appears to be battling for its life - Ben King from 1487 Brewery this morning:
"Earlier this year we saw great business (as previously reported in the last update). The last few months have been rough. We went from a +6.2% above YTD projections to -3.35% below YTD projections as of November 5."
Also from the update:
"As we have been unable to overcome the theft and fraud previously reported by our former COO on top of the economic downturn, 1487 Brewery is courting buyers."
When the Founder/CEO wants out.... you know it's probably over. In case anyone is curious, these two small biz investments have returned 52% of principal in profit share payments. I've obviously written both of these investments off in my alternative investments portfolio. They were always high risk which is why I never put much in to begin with. Between Collectable liquidating and Mainvest businesses appearing cooked, 2023 has been an abysmal year in the alt space.