One look at the link to this 3 year chart shows the PPS offered several opportunities to play EAST as a trade, but in my opinion, definitely not a long.
https://www.nasdaq.com/symbol/east/stock-chart?intraday=off&timeframe=3y&splits=on&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off
They are super interesting to watch because product, distribution, and publicity/equity-marketing-wise they are making good news pay off. I wish I had the opportunity to try the products?
Still they are bleeding money, and revenues have not topped $5 million. The bleeding should continue.
They've had two reverse splits for an effective 60 for 1 split which would have destroyed leverage.
They're dipping into the equity market is SOP without shame.
Ttl Comm. Shares Outs....
Q2 2017 ... 06/30/17 ... 3,342,000
Q3 2017 ... 09/30/17 ... 4,825,000
Q4 2017 ... 12/31/17 ... 4,890,000
Q1 2018 ... 03/31/18 ... 5,045,000
Only by R/S's have they been able to elevate the PPS to over $9. It's an illusion.
Had the R/S's not occurred, the PPS would be about 15¢.
Dilution and eventual PPS depression is in the future. Better buying opportunities will follow. Let others buy the diluting shares and be patient for improving fundamentals.
Eastside Distilling (EAST) Now Part of Russell Microcap® Index
Mon June 25, 2018 8:31 AM|Business Wire|About: EAST
PORTLAND, Ore.--(BUSINESS WIRE)-- Eastside Distilling, Inc. (EAST), makers of craft spirits, joins the Russell Microcap® Index, effective immediately after the NASDAQ market opens for trading today.
Eastside Common Stock became a member of the index as part of the periodic reconstitution of the Russell indexes in 2018. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
Grover Wickersham, Chairman of Eastside Distilling, commented, “Over the last twelve months, our team has created significant shareholder value, as is reflected in EAST’s increased share price and greater market capitalization. A positive byproduct of this is our inclusion today in the Russell Microcap Index. Joining this well-known index is a noteworthy milestone on the road to recognition of EAST in the professional investor community. We are pleased to be included in this index.”
For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
Recent EAST News
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 09/13/2024 05:20:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/10/2024 08:55:19 PM
- Eastside Distilling Announces Closing of $0.4 Million Registered Direct Offering, Priced at a Premium to Market Under Nasdaq Rules • PR Newswire (US) • 09/06/2024 08:45:00 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 09/06/2024 07:48:09 PM
- Eastside Distilling Announces $0.4 Million Registered Direct Offering, Priced at a Premium to Market Under Nasdaq Rules • PR Newswire (US) • 09/05/2024 07:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2024 11:06:44 AM
- Eastside Distilling, Inc. to Merge with Beeline Financial Holdings Inc., Marking Strategic Expansion into FinTech Mortgage Services • PR Newswire (US) • 09/04/2024 11:45:00 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 08/16/2024 06:21:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:15:27 PM
- Eastside Distilling Reports Second Quarter 2024 Financial Results • PR Newswire (US) • 08/14/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2024 08:10:11 PM
- Eastside Distilling, Inc. to Report 2024 Second Quarter Results on Wednesday August 14, 2024 • PR Newswire (US) • 08/06/2024 01:55:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/10/2024 06:28:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:35:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 06:14:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:19:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 08:20:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/13/2024 08:15:54 PM
- Eastside Distilling Reports First Quarter 2024 Financial Results • PR Newswire (US) • 05/13/2024 08:15:00 PM
- Eastside Distilling, Inc. to Report 2024 First Quarter Results on Monday, May 13, 2024 • PR Newswire (US) • 05/02/2024 06:13:00 PM
- Eastside Distilling Reports Fourth Quarter 2023 Financial Results • PR Newswire (US) • 04/01/2024 08:30:00 PM
- Eastside Distilling, Inc. to Report 2023 Fiscal Year Results on Monday, April 1, 2024 • PR Newswire (US) • 03/27/2024 02:36:00 PM
- Eastside Distilling to Attend the 36th Annual Roth Conference March 17-19, 2024 and schedules 4th Quarter Earnings Call • PR Newswire (US) • 03/11/2024 06:56:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/11/2024 03:45:30 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/31/2024 05:30:42 PM
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