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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.
if true thats hugh?
National tv and radio commercials
" LA vegan restaurants are putting meat back on the menu"
https://www.sfgate.com/la/article/vegan-restaurants-adding-meat-los-angeles-18527772.php
I'm not in their local TV market but I doubt it.
todays press release is linked directly to the pacific venture group inc website
https://pacvgroup.com/pacific-ventures-seaport-meat-company-launches-direct-to-customer-online-sales-platform/
I am going on an assumption there is a parent/holding company subsidiary and another subsidiary situation going on. Be nice if anyone could get a clarification from PACV management.
scroll down to bottom page address for seaport steak same for snobar and pacv 117 W. 9th St,
Los Angeles CA 90015
https://seaportsteak.com/shop/
Wrong company! They are not affiliated with PACV, at all. Call them and they will tell you what they told me, last Summer when someone posted the same link!
SEAPORT STEAK to order here. FREE SHIPPING for orders over $149.
https://seaportsteak.com/shop/
It is ok now. I placed an order for some steaks, scallops and fish. Goodness knows they could use the sales.
Tried to place an order and it still states no shipping option available for my location. Curious if others have same issue.
continued:
SeaportSteak.com features an array of Australian Wagyu beef cuts, including a boneless ribeye (pictured), Japanese Wagyu beef cuts and U.S. Domestic Choice beef cuts, all of which are 100% grass-fed, grain-finished beef.
True to its name, SeaportSteak.com also features the highest quality Atlantic Cod, Colossal Shrimp, Salmon and Scallops, all delivered fresh to the door.
The balance of SeaportSteak.com‘s product offerings include hormone-free and antibiotic-free chicken, including family-pack options, and pork.
LOS ANGELES, CA / December 4, 2023 / 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 its Seaport Meat Company subsidiary has entered the direct-to-customer market, with the launch of its fully-operational SeaportSteak.com online sales platform.
“We are excited to enter the tech space, an ever-emerging space for online direct-to-customer food delivery services. We are confident that SeaportSteak.com‘s 100% Natural, Directly-From-The-Farmer meats and proteins will be as well received in our customers’ kitchens as they have been over the years in commercial kitchens,” stated Shannon Masjedi, President and CEO of Pacific Group Ventures. “SeaportSteak.com sources its meats from the best farms in the world and the highest quality purveyors, to assure unwavering product quality for our customers,” Ms. Masjedi concluded.
.0003 is still way to high of a price for a company that is $26 million in debt. Horribly run company with a lazy CEO.
I believe the company had to implement the RS within 90 days of the DEF14C filing, July 19, 2023
"to implement a reverse split in a ratio and at a time and date to be determined by the Company’s Board of Directors, not to exceed a one-for-two-hundred-fifty (1:250) basis, within ninety (90) days from the date of the filing with the SEC of the Company’s Definitive Information Statement on Schedule 14C (the “Reverse Split”)."
This action had to be implemented by Oct 19th to become effective, at least that is how I read it. I could be wrong.
$.0003 looks like a good loading opportunity, JMO
All we can hope for at this point is that Shannon Masjedi acknowledges her failures as a CEO, declares bankruptcy and a new company who wants to go public takes over this ticker. Shannon will still profit, as we know she only cares about her personal net worth. I hate to see her profit off her laziness and inability to run a business but it’s the only way any of us will even gain back a minuscule amount of our losses.
Correct but many don’t know that and also that group can only have 1/10 outstanding shares at any given time so it will take long time or forever for them to get their shares - they got screwed by PACV and PACV doesn’t care they don’t care about anyone but themselves very selfish people if I ever see them man look out
The float right now is not unreasonable and it might not bloat so much in the mid term.
Just keep in mind that they settled a $10mm+ debt for 9 billion is shares under a court administered 3A10. That is going to kill any positive news, which really never comes out
I was wondering the same thing. I don't own any shares but was thinking of buying here. What scares me is that filing to FINRA in late August to get approved for a 1:250 RS.
As was questioned by someone else here - why do that? It seems really strange - wouldn't that make the new OS like 3.9 million or so?
the only good I see is the ratio of expenses to revenues has improved even with the lower revenues which really shouldnt happen but it is better for the bottom line where the actual loss is lower for the quarter especially but also the nine months. Its the interest expense, which has also gone down, that literally kills the company
Meanwhile the share trading volume is through the roof today at 90 million shares, and the market cap of $300K is nothing, so, as bad as it is, they are an operating company serving lots of customers which should be of some value for the stock, and I am surprised that it has come down this low, I really thought .008 was going to be the low but I was wrong.
Another crappy Q, sales are way, margin is shrinking, still loaded with debt and payables are stretch beyond control.
Also found this little nugget. I fthey screw up this relationship, its over
When is the rs taking place in the def c in filings a few months ago?
The CEO Shannon Masjedi is pure garbage. She will definitely do a reverse split. She has mastered the art of lying to her investors. The stock has dropped from .10 all the way down to a low of .0002. What an absolute failure.
Someone got lucky with those .0003s enjoy. We're already at 20 million volume in the first 10 minutes of trading. The 10 day average volume is 23,882,084 off to a good start this morning.
iam puzzled whether pacv picked up a new biz since $9 million total new debt for $6 million in new loans even has shannon kicking in $1.5 million?most all of these lenders are new first time lenders not reported in previous filings.imo
There is $9M to convert to shares, do the MATH folks and read the Filings. She dug RETAIL a deep hole and this SCAM will DILUTE until it max's out the 5B AS. Just follow the SS updates on otcmarkets.com
Grap your skinny ankles when the 1-250 RS hits, expect it when you least expect. That's how this corrupt CEO operates!
Gave you a follow as well DawgTrading see you in the morning.
Ive learned to be extra patient with pennies in general... no loss, rather this go up anyways... im sure everyone else would also like this to rise.
Hopefully the debt gets worked around, possible new starts etc.
Gave a follow as well!
I totally understand that used to be me then I started using better indicators and a better chart setup. I had a good feeling .0003s were the bottom. Did you also notice those back to back low volume days that was a sign of .0002 was the bottom also they was only giving I think .00025s soon as I saw that 9 million hit go thru at .0003 I knew it was a wrap. Those .0004s won't last too long either. Good Luck to everyone on this message board.
$PACV lol damn should have grabbed some more 3s... here i am being greedy waiting for 2s and 1s
I think .0002s won't be for sale anymore. That bid wall at .0003 is growing fast. Won't be surprised if we see .0004x.0005 tomorrow
$PACV 5 days to wait... but other files show longer I guess we have to see. Ill bid low maybe catch some 2's or 1's otherwise ill stick with my 3s for the moment.
Date: 11/16/2023 Form: NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB. As usual.
However they never file on time because that takes a little effort. At .0002, .0003 it’s probably worth the risk to grab some shares but be aware that Shannon Masjedi was making big promises when the stock was well over a penny and nothing ever came of it. She’s either or liar or a really terrible CEO. Might be worth reading some of the filings and you will see how deep they are in debt.
$PACV teardrop : (
I mean they are still filing with the SEC, so there is that.
Pacv has a missing CEO, or she doesn’t give a shit.
$PACV Nice site... considering many OTC tickers have sites that have missing images and shit lol.
https://pacvgroup.com/
You guys need to try harder to push this stock. You aren't getting any help from management.
$PACV - Accumulation happenin!
$PACV accumulation seems to be occurring now in the 0002 - 0004 range.
— DawgTrading (@DawgTrading) November 13, 2023
4 Hour pic.twitter.com/4KH8f4cEOR
flat out criminal what this company has done. I am trying to sell some at .0004 if I am able and maybe some at higher prices if we get it.
Look at the 8-K agreement, do the math, Trilium with ultimately get $9,282,267 worth of stock which is a 35% discount price per share around September when agreement went into place when price was .0005, so thats .000325/share, doing the math thats 28,560,821,538, whereas current OS is what, 824 Million, and they say what ... "could very well exceed the current existing number of share outstanding" - the Q is how do they ever get close to that since Trillium at any point cannot have more than 10% outstanding, so expect first tranche to be maybe 80+ million - and they'll have to wait for the outstanding share count to keep going up to get more shares.
Just an absolute disgrace.
The thing is, they just cant get to profitability, and thats a huge problem, with what they have why they cant do it when other companies can do it I have no idea.
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