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Pacv is utter garbage. This will be grey in no time - imo. Shannon’s disregard for investors will catch up with her.
Shannon Masjedi, just file BK already so at least others don’t lose all of their investment as well. Ethics and morality have to come into play at some point, I would believe…
Bankruptcy seems to be the only viable option for Shannon Masjedi.
The market says this is worth $219k lol
Shannon Masjedi is a horrible CEO who has only taken value without giving any in return.
Trips coming again post R/S- lol Shannon Masjedi.
She thinks the market will fund her $9m debt to trillium - lmao
This sham should be delisted.
One would fair better if they were to use their money as kindle for a fire, versus investing it here.
At least one would receive something (warmth) as a return on investment.
Yep - 'shit-show' just about sums it up. I doubt the SEC will do anything. The market though is doing something about it, as it isn't willing to absorb all the new shares she's printing; neglecting her shareholders for all these years is finally coming back around to bite her on the @ss.
Now she has the fantastic opportunity to experience first-hand what it feels like to be neglected, and during a time when she needs shareholders' money the most.
Seems shady
PACVD SECURITY DETAILS
Share Structure
Market Cap Market Cap
789,851
03/08/2024
Authorized Shares
900,000,000
03/11/2024
Outstanding Shares
68,716,460
03/11/2024
Restricted
60,981,672
03/11/2024
Unrestricted
7,734,788
03/11/2024
Held at DTC
7,532,657
03/11/2024
Float
6,461,819
02/18/2024
Par Value
Not Available
The market is wise to Shannon Masjedi.
Just a matter of time before PACV goes belly up. No way are they going to be able to sell those shares.
Not sure if she is capable of even doing that.
Market Cap Market Cap
62,680
03/01/2024
Authorized Shares
900,000,000
03/04/2024
Outstanding Shares
46,461,819
03/04/2024
Restricted
40,981,672
03/04/2024
Unrestricted
5,480,147
03/04/2024
Held at DTC
5,278,016
03/04/2024
Float
Not Available
Par Value
Not Available
https://www.otcmarkets.com/stock/PACVD/security
Yep. Sad really.
OS increasing again. Rinse, wash, and repeat.
The market is valuing Shannon Masjedi’s stock at less than $100k.
I have lost all hope in Shannon Masjedi. Appointing a new CEO would be the best thing she could do for the stock - imo
Sub pennies coming soon - then back to tRIP zeros.
Sounds like the definition of insanity. Her version of logic is beyond my comprehension.
Shannon Masjedi's stock is trading at a $117,000 market cap. MC even lower than it was at .0001 pre-RS. LOL sub pennies coming again - IMO
More like going to close at .01
Curious to see the market reaction post-RS, amidst the radio silence with no significant news.
02/05/2024 00:00:00 Reverse Split/CUSIP Change 02/06/2024 00:00:00 PACV Pacific Ventures Group Inc Common Stock OTC Equity
Reverse Split Ratio 1:250
Tick-tok to no bid. Smh Shannon Masjedi
Shannon’s POS will be at no bid in no time.
She is completely incompetent; she can't even manage to do a reverse split without screwing it up.
Crazy to buy at these high levels when this will likely drop like a rock after the RS.
It is a possibility.
What a POS .0001's coming up tomorrow. Then no bid and R/S and back to .0001
Enjoy, doc
Thanks for sharing.
CEO Shannon Masjedi: Dwindling Fortunes and Failed Promises
CEO Shannon Masjedi's $9.2 million shares for Trillium Partners face weak demand, priced at $0.0002-$0.0003. If shares drop to $0.0001, a reverse stock split, filed on 08/25/23, is likely. This could further reduce the price per share (pps), trapping Masjedi in a cycle of discount share issuance in a demand-less market.
Masjedi's unmet promises of acquisitions, transparency, and uplisting have eroded shareholder trust, as evidenced by the lack of follow-through on commitments made in this press release: https://finance.yahoo.com/news/pacific-ventures-issues-shareholder-letter-133000589.html
If Masjedi eventually uplists PACV, after diluting many out of ownership, I plan to take a significant short position, expecting her to repeat past failures.
Additionally, Masjedi's recent disengagement with another Investor Relations firm, without shareholder communication, further demonstrates her questionable governance.
Sincerely,
A long-time shareholder, enduring value erosion and averaging down post-reverse split.
No bid more likely unfortunately.
She is no peach; far from it.. I still own shares here though and don’t want them to fail. So, I hope your Christmas wish doesn’t come true. We’ll see.
Something else to possibly consider… this company accepting shares for all that debt must believe it will get its money. Meaning PACV convinced them that they will have the material events to drive the market demand.
Right now there is absolutely no demand, movement, marketcap…
Good news. There is dilution involved though. I guess an unintended silver lining on the current situation is the marketcap is so low… so PACV should absorb the dilution and the SP could have room to climb if the company has good news in the pipeline that would adjust up the marketcap.
And they were supposedly negotiating the TCA debt as well. Wonder where they are with that.
They are running out of time. They have a certain amount of time to enact the RS before it expires and I believe the deadline is sometime in mid-October.
She’s got to be absolutely delusional to think she will get more interest after a reverse split, without groundbreaking news.