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The company and their new IR team are well aware of the increase of price and volume. They know people are watching and this is the time to make a big announcement.
PACV went from 30 million restricted shares on May 16, 2022 to now 166 million restricted within a few days. With such a significant increase, I would be very surprised to not see an 8K and/or press release highlighting this event. Either this is a huge conversion of preferred stock or a very large sale. The 10Q only says $950,000 per 52 million issuance and is very short with the details..
I would like to see them pay off TCA and the purchase debts of Seaport Meat and Farmers Outlet with this money. Expansion or distribution acquisition would always be great.
So the management fee that was returned in Q1 went to pay debt and was not included in the EBITDA? Someone on this board said the CEO was manipulating the numbers and I sold my entire position because of that. Help me
After almost 1000% run this week it's natural to cool down. In my sticky post I outline they mention 190 million issued shares and 120 million restricted As of May 18, 2022. They put this under subsequent events on the Q1
According to that interview, SeaportSteak.com will be launched in about 45 days from now. This will be a huge move for the company to sell their products online directly to retail buyers nation wide.
PACV 10Q highlights Major News incoming
The following statements are directly from the SEC filing for the companies Q1 - 10Q.
"We supply approximately 400 customer locations in the Southwest. These customer locations include independently owned single and multi-unit restaurants, regional restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities.
We provide more than 3,000 fresh, frozen, and dry food stock-keeping units, or SKUs, as well as non-food items, sourced from multiple suppliers. Our sales associates manage customer relationships at local and regional levels. Our distribution facilities and fleet of approximately 15 trucks allow us to operate efficiently and provide high levels of customer service."
"The Best Foods Portion of our strategy features more than 500 products that are sustainably sourced or contribute to waste reduction.
Our private brand portfolio is guided by a spirit of innovation and a commitment to delivering superior quality products and value to customers. While we offer products under a spectrum of private brands, and at different price points, all are designed to deliver quality, performance and value to our customers."
"As of March 31, 2022, the Company has $1,675,518 in inventories."
"As of May 18, 2022, there were 190,347,533 shares of the registrant’s common stock, $0.001 par value per share, issued and outstanding."
"In the second Quarter the Company issued a total of 126,800,000 restricted common stock. The issuances 52,050,000 restricted common stock in lieu of $937,541.00 debt or notes payable and 2,000,000 restricted common stock for $35,000 of accounts payable."
As of May 16, 2022 the OTC markets show PACV with 53,547,533 outstanding shares. On this 10Q, the company claims as of May 18, 2022 they have 190,347,533 issued shares. Further down the documents, they describe that 126,800,000 were restricted shares. Does this mean in the past 3 days, the company found a buyer? Once the OTC markets updates to current, I am interested to see if these shares are on there. If so, that is a huge sum of money PACV is using for something..
https://www.sec.gov/ix?doc=/Archives/edgar/data/882800/000149315222014513/form10-q.htm
Very good sign. PACV held up very well today In the market environment we are in following a huge gain yesterday. Usually after a 200% increase stocks fall 50% the next day but very good sign. Q1 release and good update next week will keep the fire going.
Money is starting to move from large companies with slowing growth to smaller companies with companies with rapid growth like PACV
Timothy Sykes seems to be pretty popular and successful, looks like he mentioned PACV at 5pm today on Twitter
get in my https://t.co/fljCJN8USq chat, we've been nailing $SYSX and others like $PACV well
— Timothy Sykes (@timothysykes) May 18, 2022
Seaport Meat Company and San Diego Farmers Outlet are both mostly wholesale. The farmers outlet was doing around $7 million a year and Seaport Meat around $30 million but those numbers have been increasing.
Some retail can walk in and purchase grocery at the farmers outlet, but from my understanding Seaport Meat is mostly wholesale like restaurants and fast food. PACV had a gross profit of $5 million from $42 million sales which is actually not bad for this industry. If they purchase a distribution company and launch their online sales platform, I can imagine $100 million sales.
PACV response from new IR
This was an email I received back in March when MZ Group took over PACV.
https://www.mzgroup.com/
https://www.accesswire.com/688745/Pacific-Ventures-Group-Engages-MZ-Group-to-Lead-Strategic-Investor-Relations-and-Shareholder-Communication-Program
This is public information so its ok to share
Most all major markets, crypto, and OTC crashed today. Meanwhile, PACV has its best day ever. This stock would have much more exposure if the company used their social media and websites. More updates on operations and expansion is what I am interested in. Almost all of their press statements are about earnings increase.. which is great..
The best part of today was having 3 times record volume and the price is holding near the highs very well. With a 300% gain, you usually always see these crash back down after a few hours. Very good sign. I hope to see the Q1 filed and some good news about expansion.
This is called a micro float squeeze and the best news is coming. They have been holding back operation updates and it's about time.
Nice action tech. Looks like lots of new eyes. All we need is some good expansion and operations updates. Maybe some social media and website updates.
If they complete the distribution purchase and open online sales for their Seaport Meat company, this will increase our share value by quite a bit. Looking much better lately. I knew what I seen yesterday was a first and today puts sugar on top. All time record volume in the first few hours.
What a wild ride. Would love to see what happens to this stock when they actually promote it. Looking good so far.
Every single public company makes that same disclosure "If the company raises additional capital through the issuance of equity securities or securities convertible into equity, stockholders will experience dilution". GRST will issue more shares there is no doubt about that. Its just a matter of how, when, and why that really matters.
To purchase all 53 million outstanding shares of PACV would cost just over $1 million at the current price, but 30 million are restricted. They just reported $10 million sales in Q1. The company has not issued many shares at all since the split 2 years ago until the past 8 weeks. Not even during the 180 days of the effective S-1 registration did they issue many shares.
Now you have new firms like Ascendant ASCM on the bid and ask of the books moving larger positions around and consistent daily volume. There was a point several months ago where PACV had 0 volume days every week. Whatever is happening right now has never happened since my almost 4 years watching this company grow. It is refreshing. I do hope the best for you tech, and that you have a position for the days when this stock makes it big.
So it went from a payable to a receivable, not uncommon. The CEO has returned management fees for years.
If anyone makes a purchase of stock on the OTC markets based on a few press statements, they obviously do not care about the risk they just took. I do not see any manipulated statements in their press release other than the number of beds available for inpatient services. I think you just have a phycological conflict with this company and want it to burn.
Went from 0.01 to 0.0008 in 2 months. Any lawsuits filed?
On any major exchange there would be lawsuits day 1 for what happened here at AAPT.
GRST - ARIA Digital Marketing Manager
Looks like they are willing to pay someone $60,000 - $80,000 a year to be a digital marketing manager for the ARIA treatment center. Companies only use resources like this if they have plans to expand and increase sales. Outpatient services will increase with having a Florida University campus next door after construction.
On the other hand, CEO Shawn needs to hire investor relations and advisors for Ethema Health to get this under control.
The issued share count has not changed in over 2 months why would you say the CEO dumped another 20 million? Retail is exhausted and people have been pulling money out of the OTC and crypto for a while. Besides, 20 million shares at this price is pocket change of $10,000..
After the Q1 is filed, likely NT, the update he presents in the following days should shine light on the direction of the company.
Looks like the toxic death spiral continues
Well even at 60 million outstanding at the current price the market value of PACV would be $1.4 million and lets be honest the company continues to improve..
Its just the matter of improving the attractiveness of their stock. Launching SeaportSteak.com and acting on a distribution acquisition like the LOI from last year would surely put this over $100 million company.
PACV over the years went from
$3.2 million to $5.9 million to $30 million to $42 million in revenues.
The stock just needs to match the growth.
" The Company expects to launch SeaportSteak.com in early 2022, utilizing its existing supply chain and direct access to meat.
Ms. Shannon Masjedi, Pacific Venture Group’s Chief Executive Officer, commented, “We look forward to this expansion of our business to offer the Best Meats at the Best Prices, as we are able to utilize our existing infrastructure, supply chain and direct access to the best meats. It’s a natural extension for us to utilize technology as an online platform to sell our high-quality restaurant-quality meats directly to consumers. This addition to our strategy will increase our margins and net profit since we are the direct source for the meat.
SeaportSteak is getting in on the ground floor for food companies entering into the online technology world providing meats direct to consumers. What sets SeaportSteak apart from others will be that Seaport Meat is a direct producer so it can provide the Best Meats at the Best Prices, as opposed to competitors such as ButcherBox, Crowd Cow and Omaha Steaks.
Stay tuned for the upcoming launch and specials. ""
https://pacvgroup.com/pacific-ventures-group-announces-seaportsteak-com/
I wonder what is the status of this launch? If PACV could compete with Butcher Box and Omaha Steaks by offering their meat and produce direct to retail consumers online, this could really increase sales. By using online ordering, this eliminates certain labor fees and processing cost and increases margin.
The 10Q should also be filed soon.
PACV float = $350,000
Here I will help shed some light.
With unrestricted shares of PACV at 13.2 million
Current price 0.026
Only around $350,000 total for all shares in float.
If the market catches on, this could explode.
$300,000 has been purchased of PACV stock in 2 days, this is not much retail. Since the beginning, PACV has struggled to have over $100 trade per day. In recent months there have been literally 0 volume days even after earnings PR and other news.
In the past 2 weeks PACV has trading volume like never seen before and to be honest, it is refreshing to see.. It is sad that any shareholder in history is at 100% loss over and over, but maybe this time is different? Even after these 2 good volume and green days, the price is still not where it was 2 weeks ago. It needs to get back over 0.05 to be at Aprils price point.
The only news I want to see is that PACV paid off the purchase price debt for Seaport Meat and the Farmers Outlet. TCA the primary lender and asset holder of PACV has been involved with litigation and fraud. The receiver has been finalizing deals and as of the recent court document, PACV has not paid and is 1 of the last ones in the portfolio to not be sold or a deal made.
One the bright side, some of the deals the receiver made favored the company it lent money to BIG time.. If PACV puts out a statement and/or 8k filing confirming they paid off the purchase debts of these assets, the stock would absolutely explode.
Retail bids will show on the books, the market makers have bots that have a threshold when someone sells or buys into their pool of shares, it takes from that pool and not the listed amount. This usually only happens when a bank or financial firm is paid to sell a large position, aka dilution.
I am saying in this case, it is a good thing that most of these trades are happening off the book. That means it is likely a financial firm making an arranged trade with another, or the toxic lender sold some to a market maker. ASCM is a new one as of yesterday, and late today CFGN - Celadon financial group remove themselves from the book.
There is retail making trades too, but almost 15 million shares in 2 days is mostly NOT retail. PACV has never seen this type of action, not even when they made acquisition and expansion announcements or any other earnings PR.. even during early 2021 when the entire OTC was on fire 1000% runs left and right. OTC is struggling bad right now and PACV is making record volume days.
Out of 9 million shares traded yesterday, very few were retail according to the trade routes and book listing. Look at the accumulation chart yesterday, it crashed from distribution. This thing has double bottomed for 3 years straight but I sure do hope for the best..
A note to add, ASCM - Ascendiant Capital Markets, is a new market maker for PACV today. This could mean many of things but I better not comment for the moment..
Did you look at the order book and trade routes today? I watched PACV a bit closer than other stocks. For a very short time the price moved past 0.03 and they walked the price back down. There was 7 routers on the books for most of the day and after about 3 hours most of them only had 10k parked bids and no signs of retail.
I did not have any shares because I sold them last Friday before the Monday it crashed 42% again and the price is still lower now after 9 million shares traded..
My concern was that after 9 million shares sold, over 5 times any daily volume in PACV history, there was very little signs of retail bids and only off book trades.
This could always be a good sign too. The new IR did mention they were going to "increase exposure of the story to the broader investment community - including institutional and retail investors, family offices, and HNWI's as well as sell-side analysts and financial media."
Sell-side analysts and financial media would be the best things to happen for this stock. High net worth and family investors will be in blocks usually over $100k and todays volume, for this stock at least, did not appear to be much retail. In the past, PACV stock never really seems to do much on an earnings PR. Today, it broke all records and it was 3 week old info. I do not think much of today was retail.
There has got to be a reason they waited 3 weeks to release a PR about the 10k being filed.. I do wonder if they allowed the stock to suffocate on purpose for certain individuals to front load super cheap.. and PACV is famous for not saying 1 word for 5 months, and then submitting 5 press statements within 4 weeks.. it would not surprise me if we now see more updates in the near future.
Very bad news 7.5 million shares sold, triple the all time high volume, and the share price didn't move. Problem now is on top of the never ending toxic death spiral and endless wall of shares, there are 7.5 million more waiting to be sold for a profit on top of the several million last week.
What also concerns me is there are almost 0 retail bids. Market makers have their 10k defaults but that's about it. New all time low prices, all time high volume, zero retail interest. They killed their stock and shareholders trust.
I used to have so much confidence in this stock and company, all the signs would make you believe this is headed for a bright future. The stock on the other hand is criminal.
They sure had alot of shares ready for today. All time daily record volume in the first 30 minutes and the price barely moved. Only 5000% more gain to get back to where it was a week ago and 5000% the week before.
I might have my attorney check this out. Something is very very wrong here and it can not be blamed on current market conditions. What I am watching happen looks like a company who got charged with fraud and is liquidating into bankruptcy. Not a thriving company ready to expand ..
I exchanged emails with their new IR a few weeks ago. I know this is a much better firm than the last, but the what price are they looking to achieve? 0.01 or is this truly the bottom? Almost the entire OTC has been in decline for 12 months but PACV is not even trying to help their stock.
These emails are public information so its ok to share.
My problem with the market cap is they have almost doubled the unrestricted shares in the past 4 weeks. When they do this, the market cap continues to stay around the same between $1 - 2 million and the price tumbles.
I loaded this at .50 and .30 and .09 and .06 and .05 and .03 and the market cap has stayed about the same. They have no interest in maintaining an attractive stock.
On the order book, there is almost zero retail bids parked. There are about 5 market makers who have default 10k bids but thats about it. If they continue to push millions of shares into a completely ignored stock with no marketing, the death spiral continues.