Independent Research, Food Delivery Space, Newmoon Capital

Newmoon Capital

Independent Research, Food Delivery Space

We look for owner-operators in what we believe are either highly defensible assets or soon to be highly defensible assets, trading at a fraction of their future potential.

Equity Bottom-Up

<ul><li>I believe EAST might be a 0, or basically 0, before the end of this year and equity holders (as well as preferred equity holders) are going to be wiped out.</li><li>Here is my analysis of the latest results. Please note that this is after my 3rd (but not last) whiskey shot so there is a chance this will just be a stream of disorganized consciousness</li><li>EAST has $2.6 million of cash as of March 31st, but that is after raising $2 million of working capital financing during the quarter offset by paying off $900K of the Live Oak debt facility.</li></ul>

I believe EAST might be a 0, or basically 0, before the end of this year and equity holders (as well as preferred equity holders) are going to be wiped out.Here is my analysis of the latest results. Please note that this is after my 3rd (but not last) whiskey shot so there is a chance this will just be a stream of disorganized consciousnessEAST has $2.6 million of cash as of March 31st, but that is after raising $2 million of working capital financing during the quarter offset by paying off $900K of the Live Oak debt facility.

Eastside distilling part 2: review Q1 results

<ul><li>Eastside Distilling looks like an attractive short at the current price given its uneconomical business model, negative growth, and current liquidity/solvency crisis</li><li>There are very identifiable catalysts over the next 6 months that can push the company into bankruptcy</li><li>There might also technical factors that adds selling pressure to the stock, further juicing the risk/reward</li></ul>

Eastside Distilling looks like an attractive short at the current price given its uneconomical business model, negative growth, and current liquidity/solvency crisisThere are very identifiable catalysts over the next 6 months that can push the company into bankruptcyThere might also technical factors that adds selling pressure to the stock, further juicing the risk/reward

United States

Eastside Distilling, Inc. produces hand-crafted spirits in Southeast Portland. The Company also offers tours and tasting.

Eastside Distilling (EAST US)

Eastside distilling part 2: review Q1 results

I believe EAST might be a 0, or basically 0, before the end of this year and equity holders (as well as preferred equity holders) are going to be...

Newmoon Capital

Eastside Distilling: Time is running out

Eastside Distilling looks like an attractive short at the current price given its uneconomical business model, negative growth, and current...

Newmoon Capital