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11 milly on the bid at .0003 its a wrap .0004s will be gone shortly.
.0004s might get wiped out before lunch over 12+ million volume in the first hour of trading above average volume always a good sign.
Haha, turns out it’s just the CEO who is corrupt.
.0003s getting hit hard. There almost gone.
Umm the only person who’s made money on PACV is the CEO. Must be nice being a complete failure and still pulling in a hefty salary.
I got this PPS thing all confused. I always thought stocks made me money when they were going up. Now that I I’m making money as it goes down I feel much better.
This might not touch .0001 This might actually go up from here. But if it does touch .0001 I will still make a profit regardless. I hope everyone in this makes money on PACV.
cutis for new ceo of pacv then.
Unfortunately you would still have to deal with all the debt left over by the useless CEO Shannon Masjedi who mislead us into thinking things were all well. I think replacing her with a monkey would probably improve the share price.
Getting closer to my .0001 price for a quick flip. Once Shannon is gone and a hard working honest CEO steps in I think it might see .0004 within 10 years.
Shannon Masjedi is an absolute piece of shit. She has abandoned all the shareholders who funded her scam operation. And unfortunately now if they ever do come out with an update nobody will believe it because she has zero credibility. How the hell can you not make money selling food? Everyone needs it! What a useless CEO. Grow some damn balls Shannon and admit your lies and failures.
Past time for an update for sure.
Looks as if Shannon has completely abandoned this company. Too bad she lured people into thinking things were ok.
Finally dumped the balance of my worthless shares!
after rereading the court order with trillium it appears the court is allowing s.majhedi to be paid the amount posted earlier with her shares?imo
we will just have to wait and see what happens here. iam buried here so aint going anywhere..
She absolutely is the worst of the worst and all her blatant lies have lost investors money. She will definitely be held accountable. Hopefully everyone who fell for this scam can get out with minimal losses. She sure is a terrible person!
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.
You are 100 percent right on no demand. Why would there be? Shannon Masjedi is a scum bag and this company deserves to go bankrupt due to her ineptitude and incompetence of running a publicly traded company.
Warning to all those interested in buying shares!!! Do not touch this garbage!!!!!
See you in court Shannon!!!
Why would you put any hope that this piece of Shit company would do anything to benefit the shareholders? Shannon Masjedi is the scum of all scum. She doesn’t do a single thing that doesn’t benefit herself. Don’t buy into any of this new financing. It’s all part of her scam!!!
sure and another meat acquisition [ if happens] doing close to the revenue of seaport meats puts pacv in a stronger position.imo
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…
there maybe good news coming of the $6,033,474 owed to creditors[new 8k] to be paid off s.masjedi is owed just under $ 1.5 million.yet as of dec 31 2021 from 2022 10k the $150,000 owed her showed as paid.so iam thinking she recently put up her money for some reason not showing in filings and hopefully its an acq? 2023 10k showing nothing owed to s.masjedi.so here is to hoping all good?imo
The following table presents a summary of the Company’s promissory notes issued to related parties as of December 31, 2021:
Noteholder Note Amount Issuance Date Unpaid Amount
S. Masjedi $ 150,000 12/10/2010 $
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.
Big burden gone but...now what?
*8K 10/27/23
On September 6, 2023, Pacific Ventures Group, Inc., a Delaware corporation (the “Company”), entered into a settlement agreement and stipulation (“Settlement Agreement”) with Trillium Partners, LP (“Trillium”) in connection with the settlement of $6,033,474.16 of bona fide obligations the Company owed to certain of its creditors. The Settlement Agreement was subject to a fairness hearing and, following such fairness hearing, on October 10, 2023, the Superior Court of the State of California, County of Los Angeles, Central District (the “Court”), entered an order approving the Settlement Agreement.
If the Settlement Agreement is satisfied in full, the Company shall reduce the Company’s debt obligations in the aggregate amount of $6,033,474.16, in exchange for the issuance of shares of Company’s common stock (the “Settlement Shares”) pursuant to the provisions of Section 3(a)(10) of the Securities Act of 1933, as amended, in multiple tranches. It is estimated that the Company will, pursuant to the terms of the Settlement Agreement, issue to Trillium approximately $9,282,267.93 of Settlement Shares, if the Settlement Agreement is satisfied in full, which represents a 35% discount to the market price of the Company’s common stock. At no time may Trillium beneficially own more than 9.99% of the Company’s outstanding common stock.
anyone here pacv have a clue on whats going on?
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.
PACV???? WHEN IS THE FREAKIN REVERSE SPLIT COMING????
.0004? Good job Shannon Masjedi!!Thanks for the improved communication with your shareholders you promised. Not that we believed you anyways seeing as everything else you have promised fell through. I’m sure you are still living that lavish lifestyle!!
Something might be up here!! Somebody bought 52 shares today. Was that you Shannon?
sure! maybe restaurant business is way off too?
Been there already and it didn't work out well. That is what she and her partner know though.
You might be able to have supply. Doesn't mean you can sell it or get your customers to pay their invoices timely.
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."
She’s got to be absolutely delusional to think she will get more interest after a reverse split, without groundbreaking news.
Nobody wants it at .0005.
Thanks management for all your effective leadership and communication.
You still holding? Be nice to hear from management about moving the business along.
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.
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.
my understanding from pacv lenders will work with pacv so we will see how that works out.
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.
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?
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!
we are pretty much bottomed out here any good news would be helpful.
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