It definitely seems like the business is managed to maximise the value of management and insiders. C-suite + BOD capture 2/3 of gross profit (before travel and entertainment expenses). And Stephanie Kilkenny has definitely mined tons of value from EAST. Sold Tequila brand for $15M. Got on the board of directors earning more fees. And now loaning $2M to the business and if it goes in default, they keep the whole business. I don’t know…
very well argued and written piece. will be very interesting to see where this company is at in 6 months. feels like a restructuring situation in the making
So what you are saying is that Stephanie Kilkenny is a genius
It definitely seems like the business is managed to maximise the value of management and insiders. C-suite + BOD capture 2/3 of gross profit (before travel and entertainment expenses). And Stephanie Kilkenny has definitely mined tons of value from EAST. Sold Tequila brand for $15M. Got on the board of directors earning more fees. And now loaning $2M to the business and if it goes in default, they keep the whole business. I don’t know…
very well argued and written piece. will be very interesting to see where this company is at in 6 months. feels like a restructuring situation in the making