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indeed. Lots of good news coming... and the 10k is due by next Tuesday.
Indeed. Thanks for the example!
Yep. Plan to sell a little and hold a ton free. I’m confident we’ll trade on a big board at some point.
I believe so. I know they are waiting for that acquisition to leverage an uplist.
Same. As I understand it, they do plan on sharing.
I can agree with your line of thinking. I’m thinking we may be on the NASDAQ by that point trading at a $99 million market cap :). Will except any type of growth, though ;)
lol. I hope we get to just under .02 a lot sooner than 12/23
Right? If you are in, be in. If you are out be out and make better use of time.
Deadline to file the 10k was April 1st. Since that date fell on a Saturday, the actual due date is 3rd, which is the first business day following the weekend. We'll see if they file an extension. Even so, the filing will come soon enough :)
Just checking it out at this point. Looks very interesting.
Hey ole buddy. This is fantastic news, and should be out on the news wire, unless I missed it?
I sense a big move brewing to unleash in the coming days/weeks.
Get a chance to ready the letter to shareholders? The deal is still on, Ron.
Several huge news releases are imminent. Today's PR signals the beginning of the release of a steady stream of PRs, which is a great sign!
I pasted PACVs latest financials into GPT-4 and asked it to give me a valuation of PACV.
The current valuation ranged $30 - $60m.
I then added assumptions:
+Removed $4m in debt
+Acquired $40m revenue company (with breakeven profitability) acquired using common stock.
Updated market capitalization was $107m
I then added another assumption… assumed that pacv online meat sales captured 1% of the market and the revenue stream had profitability of 40%
Updated market cap was $265m
It’s access to information and breakdown of factors were quite impressive :-O
Fun and games exercise on a lazy Saturday!
Our day will come folks. This time when we get on the radar, we will be a much more attractive company with improving performance and real upside!
Thanks for following up. Also per IR, toxic dilution is done! :)
Officer compensation was $242,500 in 2022, per the most recent filing.
Please cite your info.
Yep. And I’m all good with facts whether positive or negative. Not good with these slanderous, false statements.
The company IS successfully growing.
Did $39mill in 2022.
Will do much more in 2023 post acquisition.
Is going to launch online meat sales.
It removed ALL of TCA debt which is millions of dollars.
Id say that is successful.
The stock price will now follow.
Yep-
Also from what I gathered, the process to uplist won’t take that long after the acquisition. I wouldn’t be surprised to see a timeline to uplist as a part of the selling / buying terms.
Anyhow — Shannon’s been building a company this entire time. She has not managed IR or the share price— true. The ball was absolutely dropped on communication, big time, and there is no fraud here. She knew she first needed to build a real company.
OTC traders have a short memory. The news we have coming is going to change the trajectory of this company, big time.
https://chesapeakegp.com/wp-content/uploads/2019/07/Chesapeake_Group_Presentation.pdf
These folks are the real deal.
Tic tock
This’ll pay off my friend. As frustrated as o am and have been, I appreciate Shannon’s eye on the long game here, building the foundations of a solid company.
I believe that we will once the news starts rolling in!
The stage is set; just a matter of time now before the news faucet is turned on.
Market needs some time to see these things happening. With dilution done this will fly at some point. According to IR, we have lots of news coming. They have a plan to increase value and Shannon is dead set on up listing. I imagine the owners of the acquisition are too.
Selling down here is plain stupid IMO.
Dilution is done
Toxic debt is gone
TCA debt is gone
Acquisition to close soon
Online meat sales with great margin to launch in the beginning of P2 (likely April).
Market cap around $700k
LOLOLOLOL foolish.
As an investor in this company, that’s exactly what I needed to hear.
This is helpful. Thanks Wake.
Esi23 did. Post 40141
Which scenario do you think is worth more?
(1) 1,000,000 shares trading at a $700k Market Cap on the pinks?
After 100/1 (for example)
(2) 10k shares trading at a $20m Market Cap on the Nasdaq?
I highly doubt PACV would continue to trade anywhere remotely near a $700k market cap post-Nasdaq up list. You see, to lose the current value of your shares, the stock would have to trade below $700k and that is just ridiculous to even fathom.
Some key takeaways from todays (3/8/2023) press release, and a few thoughts:
https://www.accesswire.com/742249/Pacific-Ventures-Issues-Shareholder-Letter-and-Provides-Corporate-Update
PACV generated over $39 million in revenues in 2022
The company has been improving their balance sheet by reducing debt. At the very least, we know PACV has already settled some or all of TCA debt . https://www.tcafundreceivership.com/docs/US_DIS_Eleventh_Quarterly_Status.pdf
I fully expect we will get an update on these details.
PACV will launch its direct-to-consumer platform, WWW.SEAPORTSTEAK.COM, which is expected to occur early in the second quarter 2023. This business model alone should command an aggressive market cap. To put things in perspective, Omaha Steaks does $500m in revenue per year.
PACV will improve communication with its investors, and they have a strategy to update stakeholders of progress in a timelier fashion. This alone is huge; no need for me to explain the benefits of this.
PACV is still in negotiations and due diligence on the ($40m revenue per year) acquisition previously announced. They are working towards a definitive agreement which should close in the near future.
This acquisition will (1) catapult PACV to near $80 million annual revenue and (2) enable PACV to be positioned to start the process of an up list to a major national U.S. exchange.
As of 03/07/2023, PACV is trading at a $770,142. In my opinion, the stock won't be trading this low or anywhere near these levels at some point soon. Just a matter of time before company execution and market awareness converges.
Buckle up!
Clearly it didn't benefit SH. I expect more frequent communication surrounding the planning this time around.
? When did she try to convince us?
Can’t find any such statements from her.
She’s said all along that she is focusing building a company.
Refreshing if you ask me. Most other CEOs are just concerned with pumping their stock price.
Excellent point SS
Look like we have a new IR firm:
https://chesapeakegp.com/about-us
Agreed. Looking good here. Market cap still insanely low… looking for more updates (including info on debt reduction and SS guidance) in between now and acquisition news / launching of online B2C (seaportmeat).
Yep, which tells me that PACV does not plan to RS. The raise in AS was likely to accommodate this $40m acquisition by Q2.
Moreover if this is true, one of the main pitches from pacv to the seller is the value of shares/ ownership trading on the nasdaq, so I am sure pacv would want to protect those shares and will therefore protect the OS.