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.
Trips coming again post R/S- lol Shannon Masjedi.
She thinks the market will fund her $9m debt to trillium - lmao
This sham should be delisted.
PACV company and CEO warning
First 9 months 2022 sales: $30 million. First 9 months 2023 sales: $22 million
December 2022 deficit: $28,971,411. September 2023 deficit: $31,133,851.
As of September 2023, PACV has a notes payable balance of $16 million !!
$6 million assets
$28 million liabilities
"On September 6, 2023, the Company entered into a settlement agreement with Trillium Partners"
"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"
CEO maxed out issued shares to almost 900 million in September 2023, increased authorized from 900 million to 5 billion, completed reverse split, reduced authorize back down to 900 million, and is now rapidly issuing shares again, all within a few months and with no words to shareholders.
CEO puts out fake news to pump and dump, then will disappear for 8 months. This CEO will never lead a NASDAQ company and PACV will never be a NASDAQ company.
PACV is in very bad condition be ready for heavy pump and dumps to pay bills. CEO does not care if stock price is 0.00001 or $1 absolutely does not care at all about the stock price or shareholders. Been here for like 5 years.. rinse and repeat here at PACV. I will never buy PACV stock ever again and will advocate against anyone supporting this terrible OTC CEO.
If you can quickly flip for 10% congratulations. Holding PACV for longer than 1 day is the biggest risk in the stock market in my opinion.
This will chase down 100 dma by next week (should break 50 tomorrow) IMO... and possibly 200.... most are doing this that have been beaten down this bad.... but most of those have stopped the D word.... see how it plays out. Shannon.... still a Clown.. IMO.. mainly a technical bounce.
Struc
it sure has not been a pleasant experience here pacv.
The lack of communication is astonishing. WTF is the plan besides touting oneself as the the most respected woman in meat Shannon?
One would fair better if they were to use their money as kindle for a fire, versus investing it here.
At least one would receive something (warmth) as a return on investment.
pacv o/s has soared to 73 million shares from about 8 million o/s last time i looked and 61 million now restricted
Outstanding Shares
73,257,460
03/18/2024
Restricted
60,981,672
03/18/2024
while big trade eod was after the close it was an uptick trade from .005
I saw that. Interesting that is equal to the rest of the days trading volume.
I sent yet another email to Shannon this AM. No answer. Big surprise.
last trade eod 03/18/2024 16:02:34 EDT T 0.00564 478800 OTCBB
maybe they are selling shares to pay a bill? what a sad situation here usually after a r/s a cos puts out news to advance their price!
...and the price of PACVD shares are going in the shitter
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
Followers
|
313
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
41126
|
Created
|
11/03/06
|
Type
|
Free
|
Moderators docj technicolor turncoat |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |