Pacific Ventures Group Inc (PACV)

[crazyjogger925]

sure! maybe restaurant business is way off too?

[docj]

Been there already and it didn't work out well. That is what she and her partner know though.

[docj]

You might be able to have supply. Doesn't mean you can sell it or get your customers to pay their invoices timely.

[crazyjogger925]

wonder whatever hapened to the pacv mexico meat venture or is that forthcoming?

"Seaport Meat Company, a wholly-owned subsidiary of Pacific Ventures, will be introducing a new line of high quality protein and beef products imported from Mexico."

[technicolor turncoat]

She’s got to be absolutely delusional to think she will get more interest after a reverse split, without groundbreaking news.

[docj]

Nobody wants it at .0005.

Thanks management for all your effective leadership and communication.

[docj]

You still holding? Be nice to hear from management about moving the business along.

[crazyjogger925]

this new fins showing accounts payable at $4.8 million way too high-some pacv quarters were in the $3 million plus range..imo pacv too top heavy
on employee number with this decline in revenue.they should make cuts asap below from latest 10k annual.


Employees



As of December 31, 2022, Pacific Ventures comprised three employees who manage the affairs of the parent corporation and the operations of its subsidiaries. On an as needed basis, the Company hires independent contractors to perform specific tasks related to the Company’s business interests. Seaport Group Enterprises LLC has 65 employees. Royalty Foods Partners LLC has 12 employees.

[Anvil]

I disagree. They have a negative cash balance, $20+ million in debt and their gross profit margin is down to 11%, Plus about $4mm of that debt in advance receipt funding (think payday loans). They are advanced money and the lender makes 30-35% interest and takes payments weekly. Not to mention the pending 1:250 reverse they are filing with Finra. Lastly, look at accounts payable, $4mm, they are stretching payables so far they may be on cod basis.

[crazyjogger925]

my understanding from pacv lenders will work with pacv so we will see how that works out.

[crazyjogger925]

actually pacv fins dont look all that bad they are cutting costs and reducing quartely deficit and if pacv can get back to their old $10 million revenue quarters they
may begin to turn a profit? and that last sentence sent to me by an accountant east coast who sold but still follows pacv.

[Penny2Dime]

Right!

[Ron Burgandy79]

It will get worse. They are completely bankrupt and 27 millions dollars in debt. Shannon Masjedi has lost all respect and credibility from anyone who has ever fallen for her scams. How can they possibly turn things around at this point?

[LaFortuna]

Glad I'm out of one of the most mis-managed companies on the OTC!

Just amazed they filed the Q, but what a TRAINWRECK!

[crazyjogger925]

we are pretty much bottomed out here any good news would be helpful.

[Ron Burgandy79]

I’d start with Shannon Masjedi whose blatant lies over the years has cost investors dearly. Not sure how anyone can be so useless running a company that sells food.

[crazyjogger925]

just hope pacv is making cuts in payroll.

[Anvil]

The company is technically bankrupt

[PennyStockTrader2]

what a disaster, absolute disaster. I dont know what to do, they cant even keep up with their revenues, let me guess, they lost a couple big customers.

[docj]

10Q out
https://s3.amazonaws.com/sec.irpass.cc/2467/0001493152-23-033522.htm

[Ron Burgandy79]

Shannon Masjedi is a scammer!! Do not spend your hard earned money here.

[docj]

Coming up on 6 months since:
"LOS ANGELES, CA / March 28, 2023 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (“Pacific Ventures” or the “Company”), a consumer-centric holding company specializing in the distribution of food, beverage and alcohol-related products, today announced that it is expanding the number of high quality products it offers.

Seaport Meat Company, a wholly-owned subsidiary of Pacific Ventures, will be introducing a new line of high quality protein and beef products imported from Mexico. As one of America’s leading meat processing foodservice distribution companies, Pacific Ventures will continue to diversify the supply chain and target customers looking for a variety of price points. Mexican beef is rated highly for desirability and quality. Results from surveys and testing indicate Mexican beef is in an advantageous position when competing with other beef products in the current open market.

“As mentioned in our shareholder letter earlier this month, Pacific Ventures is entering its next phase of growth and we will create new opportunities and operational efficiencies. We believe that the company will be able to cross-market to our existing customers and attract a number of new customers with these new products. By offering quality beef products from across the price spectrum, we are confident we can drive increased revenue and simultaneously increase our margins,” stated President and CEO Shannon Masjedi of Pacific Group Ventures."

[Ron Burgandy79]

.0004 close today! Lock Shannon Masjedi up and throw away the key. Great job quitting on your shareholders.

[Ron Burgandy79]

Shannon’s such a crook. I can’t believe this is still trading this high. I guarantee she is still pulling a great salary and stealing huge amounts of money from the shareholders who financed her scam.

[crazyjogger925]

especially with all the hype of a possible big acq. last year.

[docj]

Spring turned into summer and in less than a couple weeks we'll be in fall. Ridiculous lack of follow through to this point from PACV.

[crazyjogger925]

moving right along here at pacv!

[Ron Burgandy79]

Fair enough. I just won’t let Shannon pull off her scam any longer. She is a terrible human being!

[PennyStockTrader2]

lol I dont think anyone here helped, she's proven herself completely ruining things all by herself. It's breathtaking. How we could be in this situation with the amount of revenues that we have is mind-blowing, I am at a loss of words. I hope we can get ourselves out of this mess.

[Ron Burgandy79]

They don’t have to file for bankruptcy for all us to know they are bankrupt! Shannon Masjedi mislead her investors into thinking that her company was making great revenues and then all of a sudden started diluting shares. Then she went silent. The stock plummeted and now we are looking at a huge reverse split. She is a criminal and should be thrown in jail along with the pumping pieces of trash here that have promoted her failing business. She straight out lied and when she gets caught so will all the others here that helped. Do you agree?

[technicolor turncoat]

Not disputing Shannon’s failures and consistent losses for investors. Am disputing disinformation. They did not file for bankruptcy. That is an outright lie.

[Ron Burgandy79]

Dude, all I’m saying is every investor who put money into this company is at a huge loss because of the lies and misinformation by not only Shannon but also certain posters here who are also likely in on this scam.

[technicolor turncoat]

Dude. All I’m saying is they didn’t file BK. That statement was misleading. Over and out.

[Ron Burgandy79]

Please tell me you don’t honestly think there is any hope for this company after they way Shannon Masjedi deceived her shareholders. They have endless issues. What amazes me is the amount of money Shannon has paid herself over the years for running her business so terribly. She is by far the worst CEO of any OTC company. She is absolutely useless! Just get the reverse split over with already so that we can lose even more money!

[technicolor turncoat]

They have not filed for bankruptcy. Let’s keep the facts straight.
Yes they have cash flow issues, and other issues.

[Ron Burgandy79]

How is it possible to be optimistic? They are bankrupt! They lied to investors. No volume. Shannon Masjedi still collects a huge salary. She is the only person who is benefiting. It’s a dilution scam. She hasn’t filed on time in years. This is done. Accept the loss!

[crazyjogger925]

thnx! i have little choice but to hold here iam upside down so like you hoping for a move.

[BLULLISH]

$PACV HOLDING FOR MOVE.

[technicolor turncoat]

So the TA stopped reporting the SS?

[Ron Burgandy79]

I personally guarantee that Shannon Masjedi will never pull off another scam again! I’m still stuck with millions of share of this trash. I will however get my money back from these crooks no matter what it takes!

[LandPro]

Same old shit here, just a different year.

[docj]

Some things never change:

https://s3.amazonaws.com/sec.irpass.cc/2467/0001493152-23-029398.htm

[crazyjogger925]

hope we something on tca soon thnx

[technicolor turncoat]

As of recent updates looks like they are still working that out.

[crazyjogger925]

i hope pacv paid off the tca debt pennies on the dollar.

[technicolor turncoat]

Not getting hopes up, and for what it’s worth (if anything) I’ve been running logic’s simulations with AI… inputing data on what the company has done and comparing it with what the company has said it is in the process of doing. These AI simulations are coming back with a probability rate of at least 80%, that the company is preparing for an acquisition and uplist.

I’d like to think this of course, though Shannon doesn’t have a good track record of communicating with shareholders to this point.

[Ron Burgandy79]

This company is going nowhere until they completely wipe out all the current management and put in honest hardworking people to run the company. Shannon Masjedi is a terrible human being and will be held accountable for all the lies she pulled over the last 5 years. She’s a piece of shit!

[Anvil]

This company is going nowhere until they resolve the TCA and other debt issues and starts communicating with shareholders. On the NAZ they will be shorted to next to nothing

[technicolor turncoat]

They are not diluting (at least as much as I was expecting) after raising the A/S count and announcing a reverse split. Maybe we are close to this happening:

"The Company is also still in negotiations and due diligence on the acquisition previously announced. Ms. Shannon Masjedi, Pacific Venture Group's Chief Executive Officer, commented, "We are working towards a definitive agreement and looking forward to closing in the near future. In addition to their existing business, we believe there are great synergies to expand Seaport Meat Company's and San Diego Farmers Outlet's reach toward the middle of the country given their customers and distribution capabilities. This would be a transformational acquisition and, if consummated, will catapult us to near $80 million annual revenue and enable us to be positioned to start the process of an up list to a major national U.S. exchange."

This could explain the A/S raise, to accommodate the acquisition (shares to the sellers), then split it down right after to meet the PPS requirements of getting listed on a national exchange. Not holding my breath on this; it's just that it appears that this could be a setup to support the plans laid out in the letter to shareholders. My 2 cents. GL all.

[Ron Burgandy79]

Time to boot Shannon Masjedi and the rest of the useless management. I personally would like to boot them all in the head for the scam they’ve pulled but for now I will keep calm. Warm place in hell waiting for these crooks!