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.
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.
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.
eastsidedistillingWe think we look pretty good in gold. ??Our @laspiritscomp medals came in the mail and we couldn’t wait to show off the new bling! Let’s give a big round of applause to the hard work our master distillers Mel Heim and Travis Schoney have put into making so many gold winning spirits!
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