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Can’t understand why they don’t file BK. With as much debt as they have, there is no other way out.
Not sure Doc , theres a new 15 day grace period attached to the Pacv profile in the Otc markets site.
Any bets on whether Shannon files in time or not? lol
PACV grace period symbol on OTC quotes, if no filings within 15 days , this goes to EM
PACV grace period symbol on OTC quotes, if no filings within 15 days , this goes to EM
Didn’t last as usual
From March. The last paragraph is beyond bizarre considering what is known publicly:
LOS ANGELES, CA / March 6, 2024 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (“Pacific Ventures” or the “Company”), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, today announced that, in furtherance of the success of its ongoing balance sheet restructuring, the Company has completed payments on its long-standing debt obligation to BNA Investment Capital, LLC and TRA Capital, LLC.
“We are excited and proud to have paid off what started out as a $400,000 debt to BNA and TRA, and it reinforces our commitment to, and the success of, our ongoing balance sheet restructuring efforts,” stated Shannon Masjedi, President and CEO of Pacific Group Ventures.The fully repaid obligation to BNA Investment Capital and TRA Capital relates to a settlement agreement that arose from litigation that began in 2020.
“Our recent successes in restructuring our balance sheet have begun to yield increased cash flow available for our operations, which, we are convinced, will place our operating subsidiaries in a more favorable posture for increasing sales.” This further prepares and aligns with the Company’s goal of moving to a higher trading platform in the near future.
Same for me for quite some time now. As far as I know no one has gotten a response recently.
I sent an email inquiry and tried to connect with the CEO on linkedin last week and no response on either yet! Total silence!
This week starts better!
PACV looking good this week. Holding 6s and 7s, not sure how long we get before a filing drops, or the quotations get pulled. Big risks = big rewards if it plays out the way I think it might. Goodluck
PACV .....It looks like a name change is most likely , could be Merging too. My guess is a run much higher than current PPS like WDLF did a while back. Too much Money involved here for the VCs to let it delist. IMHO
Hopefully soon.
When will this garbage just get delisted already?!?
PACV worse CEO in history. Shannon should be in jail. Terrible person, terrible leader, no communication, no updates, no required SEC filings, no 10k, no 10q, no 8k, years of failed promises, PACV company is crashing, debts rising, sales falling, nearly no growth in years, 1 trash update every 6 months, maybe. Its always refreshing coming back to PACV and its in worse condition every time I check in.. LOL
Not many people want to buy at the ask when for the cost of 3 Starbucks macchiatos someone can crash the stock back down 80%. Market makers are playing a game of, lets let them think this will run, build some bids, and hammer them hard with ungodly amounts of dilution sitting on the sidelines.. Good luck, make sure you quickly take any gains (if possible with pocket change volume). and run. PACV CEO is a nasty human, my opinion..
tradeable o/s this week same as last at 43.4 million
i believe we are looking at this week about 43 million trading shares that 34 million trading shares was as april 29?
60 m restricted leaves 34m trading shares on the 94m out.?
there is truth in your post i just feel pacv may be way oversold down here?
Given the debt problem wake alerts us about and the current share price something has to give. Lack of management providing clear communication to current shareholders is disturbing. No way I'd get involved as a potential new buyer. Shannon and company have given no reason to think they can turn this around yet.
i checked time and sales for the .0048-.005 trades and counted about 150k shares bought. i feel any good news pacv could give us a nice rise.imo
That would explain the trips to .005 on a handful of ask slaps
PACV lots of trouble incoming.
If anyone is wondering why no investors want PACV stock even at 0.000
take some time to read this agreement
https://www.sec.gov/ix?doc=/Archives/edgar/data/882800/000149315223038562/form8-k.htm
If PACV is struggling at 0.0009 I cant imagine when they need to issue 10 billion shares to pay these debts.
Looks like a forever death spiral with an occasional manipulated price spike to bring in new bag holders.
pacv explosion $0.0050+$0.0044(+733.33%)
only about 34 million unrestricted shares for pacv o/s.
Unrestricted
33,988,788
04/29/2024
Restricted
60,981,672
04/29/2024
Outstanding Shares
94,970,460
04/29/2024
true many of these pinkies have an o/s 6-7 billion shares and they get a good following too.pacv unrestricted o/s as of this monday 26,121,788 with about 61 million restricted.
RS should be made illegal!!! That one wiped me out completely!!!
Pacv is utter garbage. This will be grey in no time - imo. Shannon’s disregard for investors will catch up with her.
most recent pacv trade 04/16/2024 15:06:04 EDT 0.00113 7846000 OTCBB
sure looks that way!
There is no good news thats whats going on. Stock price is down 99% since the split a few weeks ago. Revenue has declined dramatically. Debts have increased substantially. $9 million worth of common stock is soon to be sold to pay off a settlement with Trillium.. I do not want to be in the same country as PACV when they need to sell those shares.. So dont worry, im sure they will manipulate a run soon to help sell.. The crash back down will be just as hard so be careful.
In my opinion, this 10k if and when they decide to file, will have slightly better numbers because of balance sheet manipulation and the few extra dollars from online sales at seaportsteak. But from the looks of it, seaportsteak is a bust. They did not make any deals with the Texas distribution center and they do not deliver nationally like originally said.
pacv o/s has as of 04/15 only 18,000,000 unrestricted shares any good news would cause a run.what the heck is going on?
Good job CEO. That reverse split worked GREAT! now back down to 0.0001 with 800/900 million shares left to sell for massive debts coming soon! The CEO of PACV burned all of her loyal shareholders and the market can see how trash of a person she is! And now that we are 15 days past the original due date for 10k, looks like we are headed for a dark and defunct company once again!
Maybe with some heavy fraud and manipulation and slipping the market makers a few benjamins the CEO can get this stock price a quick little spike up and sucker some more people into this scam before she goes quiet for 8 months again?
was reported here months ago that pacv now running 12 trucks more than ever before.
seven77
Re: None
Saturday, January 20, 2024 5:03:09 AM
Post#
41052
of 41113
They are operating 12 trucks currently. Business must be doing pretty good.
https://dcontrol.com/profile/pnc-inc
Pretty sure at the bottom of that tweet it says false information, as Publix does not charge $60 per pound of strip steak.
Good catch where it says "Only shipping to California & Arizona only". That is terrible news. Instead of the national distribution of their meats via frozen packaging, they reduced this offering to just 2 states? Uh-oh. Sounds to me they are struggling. Instead of signing a deal with the Texas distribution center to distribute nationally, PACV instead made a new website called seaportsteak and they only ship to 2 states from their garage.
look at the meat prices in florida for steak maybe a great market for pacv?
The price of meat is out of control in Florida!! 😳 pic.twitter.com/RRn7JVyj1i
— AlphaFo𝕏 (@Alphafox78) April 12, 2024
correction on seaport steak free shipping for orders over $249 from website
"FREE SHIPPING for orders over $249"
just noticed this on seaport steaks to your home website so possibly pacv doing real good business in ca.. and az.?
Currently shipping to California & Arizona only
FREE SHIPPING for orders over $24
https://seaportsteak.com/shop/
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