Eastside Distilling Inc (EAST)

[FUNMAN]

Eastside Distilling's Capital Raise - Is This A Nanocap To Watch?
Jul. 28, 2017 3:45 PM ET

I wonder how the offering went.

Summary

Eastside Distilling plans a secondary offering to net $6.3 million by selling 1.2 million shares set for August 4, 2017.

Shares are set to be offered between $6 and $6.25 per share.

Secondaries usually don't get my attention. This one does.

For less than the price of a college course, an investment in Eastside likely will provide investors a great financial education.

To be sure, risks abound for this nanotech. I'll spell the biggest ones out here.

Eastside Distilling (ESDI) plans a $6.3 million secondary offering (currently traded on the OTC market) and enter the NASDAQ on August 4, 2017. Shares should be offered in the $6 - $6.25 range. This offering is managed by Roth Capital and Motif Investing is one of the platforms on which investors can participate.

My thesis is simple here. Though there may be better small cap, mid cap and large cap equity investments, based