Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
beef burrito prices going thru the roof in san francisco at $22 per
https://freerepublic.com/focus/f-news/4224021/posts
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.
So authorized shares reduced from 5 billion down to 900 million now? How can they keep changing the share structure? I wonder if PACV would be sued for these actions in the major markets? No required SEC filing for a material change in share structure, again? Or this is a mistake? Either way, what a shit show! If PACV could actually pay a settlement maybe investors would pursue an attorney. Surely a public company cannot continue to make material changes to the share structure without public disclosure, right? Even with CEO having all the voting power. Will the SEC do anything? Doubt it. Will an attorney pursue it? Doubt it. No one is losing enough money to make a case here.
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.
My $2000 investment here is now worth $275 because Shannon Masjedi is an incompetent piece of shit. Do not invest in this garbage!!
I will never buy PACV stock ever again no matter what. Do not support this incompetent CEO. There is 0 value to a stock where the company puts out 1 update per year, increases authorized shares from 800 million to 5 billion quietly, completes a reverse split quietly, has a $32 million deficit, 0 communication with shareholders, 0 effort to bring in new shareholders, 0 effort to maintain attractive stock, 0 care if shareholders lose every dollar, fails to file critical SEC documents timely and sometimes not at all, 0 updates on company operations, 0 guidance, 0 plans, 0 goals, 0 everything.
Such a shame PACV could have done so much better. Forever a piece of trash in my historical financial transactions. I will never buy 1 share again no matter what happens or what they say. Its a scam company and scam CEO that only shows up when they are under water and need to take advantage of the common peasant shareholders.
I got that via the PACV news email. It isn't showing on my Schwab SSE trading platform news alert for whatever reason.
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.
Not sure if she is capable of even doing that.
Guess the split designation is coming off in a day or two. Time to bait new gullible investors after that happens?
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
Product aside, company can't be taken seriously at this time based on past actions by Shannon and Marc.
OS increasing again. Rinse, wash, and repeat.
The market is valuing Shannon Masjedi’s stock at less than $100k.
Yeah, it is hard to see the path forward right now for stock considering her and Marc's lack of leadership.
I have lost all hope in Shannon Masjedi. Appointing a new CEO would be the best thing she could do for the stock - imo
Even after the reverse split this joke of a company isn’t even worth .0001. They are millions in debt. I was hoping that Shannon Masjedi would surprise us all but unfortunately she is a failure of a human.
Sub pennies coming soon - then back to tRIP zeros.
Sounds like the definition of insanity. Her version of logic is beyond my comprehension.
I don’t think Shannon Masjedi cares. I’m sure she’s funnelling piles of money out of this business. Nobody can be this horrible at running a company. She cannot be trusted.
How long can someone fail before realizing they need to bring in help?
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
Going to open at 10.00??
ROFLOL...good luck with that one!
great new pricing on their seaport steaks to your door..imo
https://seaportsteak.com/shop/
Curious to see the market reaction post-RS, amidst the radio silence with no significant news.
PACV changed to PACVD, one for 250 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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
Reverse split tomorrow. 1 for 250
RUN!!!!!!!
Made it through the first month of a new year with no news since the Dec 4th info about the online platform being operational.
i thought pacv was running 6-8 trucks max so if true about 12 trucks operating definitely a good sign.imo
They are operating 12 trucks currently. Business must be doing pretty good.
https://dcontrol.com/profile/pnc-inc
PACV RIDICULOUSLY EXPENSIVE MEAT. MAYBE SELL GOURMET BUGS NEXT BECAUSE THE HOLLYWOOD CROWD ARE GLADLY EATING BUGS.
https://www.google.com/search?q=hollywood+stars+eating+bugs&rlz=1C1UEAD_enUS977US977&oq=HOLLYWOOD+EATING+BUGS&gs_lcrp=EgZjaHJvbWUqCAgBEAAYFhgeMgYIABBFGDkyCAgBEAAYFhgeMg0IAhAAGIYDGIAEGIoFMg0IAxAAGIYDGIAEGIoFMg0IBBAAGIYDGIAEGIoFMg0IBRAAGIYDGIAEGIoF0gEKMTI5NzRqMGoxNagCALACAA&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:1168119f,vid:e3UqLAtdZ04,st:0
Tick-tok to no bid. Smh Shannon Masjedi
market cap pacv as of friday 01/12 at .0002 $220,000 per pinksheets.
Shannon’s POS will be at no bid in no time.
Just getting started? Try telling that to long term investors who bought into Shannon’s lies. Shannon Masjedi will still find a way to steal your money if you purchase shares at .0001. She is a rat!
They are just getting started. sales will be over 30 million dollars for the year.
Debt is being eliminated . Next 10Q will be better.
Major Customer
The Company has one major customer that accounted for approximately 52% and $14,157,385 of sales for the nine months ended September 30, 2023. The Company expects to maintain this relationship with the customer.
MCS-150 Form Date: 05/16/2023
https://safer.fmcsa.dot.gov/query.asp?searchtype=ANY&query_type=queryCarrierSnapshot&query_param=USDOT&query_string=2122586
What? They owe roughly 26 million dollars to creditors and bring in 400,000 in revenue. These are terrible numbers. Those trucks in the picture are sitting idle because they have no customers to deliver to. This is not a good investment.
Perfect chance to get in. Next 10Q should be really interesting becuase the google maps photo is recent. This will move. It has to can't go any lower and can't reverse split.
And here we are at .0001. This company is a complete failure and in massive debt. When you have a hard time selling food it means you should probably pack it in and quit. This will never come back and Shannon should be locked up for all the money she’s embezzled from the shareholders here.
This is interesting. when I do a google map search for the address below that is on the website that is redirected from the https://pacvgroup.com/ website, i can see a lot of activity and about 5 trucks if you go around unto the back parking lot. They are doing a lot of business.
https://seaportmeat.com/
2533 Folex Way, Spring Valley, CA 91978
https://www.google.com/maps/[@ userid=116].9655756,3a,75y,44.74h,88.05t/data=!3m6!1e1!3m4!1soDfQLly41IkSyTghVNMjJg!2e0!7i16384!8i8192?entry=ttu
https://www.zoominfo.com/p/Pete-Camarda/1751187199
She is completely incompetent; she can't even manage to do a reverse split without screwing it up.
Websites are up as I just checked.
Followers
|
313
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
41145
|
Created
|
11/03/06
|
Type
|
Free
|
Moderators docj technicolor turncoat |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |