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no change on the o/s same as 06/19
751,784,701
06/19/2023
"Plan of Operation for the Next Twelve Months" from the 10q
"Our plan is to achieve meaningful sales revenue from the sale of the SDFO and Seaport Meat Company products to meet our operating needs. It is also unlikely that we will be able to satisfy all of our obligations to pay interest and repay principal due and payable within the next 12 months under the various forms of our outstanding debt. Although we have been able to extend the maturity dates as well as repayment terms of a substantial amount of such debt, there is no assurance that we will be able to further extend such repayments or maturity dates to avoid a default, as such further extension depends on the consent of the holders of such debt. If we are unable to make such payments and repayments and unable to extend and delay required payments or maturities of such debt, the holders of such debt will have the right to take legal action seeking enforcement of the debt. If any legal action is taken against us, we would face the risk of having to deplete our limited cash resources to defend against such suit or face the entry of a default judgment. In either event, such action would have grave impact on our operations. Our ability to continue operations will be dependent upon the successful completion of additional long-term or permanent equity financing, the support of creditors and shareholders, and, ultimately, the achievement of profitable operations. There can be no assurances that we will be successful, which would in turn significantly affect our ability to be successful in our new business plan. If not, we will likely be required to reduce operations or liquidate assets. We will continue to evaluate our projected expenditures relative to our available cash and to seek additional means of financing in order to satisfy our working capital and other cash requirements"
hoping the chairman marc can help put something together here. he has vast loan experience.
Marc Shenkman. Mr. Shenkman, as Chairman of the Board of Directors of Pacific Ventures, is responsible for, among other things, the general oversight of the affairs of Pacific Ventures, has corporate oversight of all of its business, including implementation of long-term plans, and preside when present at all meetings of the stockholders and the Board of Directors. Mr. Shenkman has served as a director of Snöbar Holdings since January 2013. From year 2000 to present, Mr. Shenkman worked as the President of Priority Financial Network. Priority Financial Network is a mortgage brokerage company that closes FHA, and “A” through “D” residential and commercial loans over the past several years. In 2020, Priority Financial Network, has produced loans totaling almost $1.67 billion and has over 300 employees and loan officers. Mr. Shenkman graduated from the University of Vermont with a Bachelor of Arts in Economics and a Bachelor of Arts in Political Science. Mr. Shenkman brings knowledge and experience in the banking and financial industries. His experience in the financial markets will help Pacific Ventures Group navigate in the public marketplace. Mr. Shenkman does not hold, and has not previously held, any directorships in any other reporting companies.
38 million shares traded yesterday in anticipation of this q -doubt it. iam thinking maybe more news to come?
o/s the same pacv 06/19 as preceding week no dilution
751,784,701
06/19/2023
Outstanding Shares
751,784,701
06/12/2023
restricted shares
305,395,855
06/19/2023
hoping we see some daylight with this expected late filed q here at pacv..
from egar 10k 2022 and on future plans
We plan to grow SDFO’s wholesale business by expanding its delivery territory from 40 miles to a 75-mile radius and add to the current fleet of delivery trucks. The Company has already begun marketing to new restaurants in the area, most notably Asian and Italian restaurants, and have let restaurants know that SDFO can deliver the finest produce in market.
We plan to relaunch Snöbar production and distribution by partnering with third-party manufacturers and co-packers, and with third-party distributors that can sell Snöbar products to high-end restaurants, resorts, cruise lines and hotels worldwide. Initially, the focus will be on establishing major accounts in four core markets consisting of Southern California, Phoenix, Las Vegas and Miami. The larger vision is to sell products in grocery stores such as Kroger, Wal-Mart and others, and thereafter to begin a national marketing program to all U.S. retailers. It is essentially a top-down marketing plan where products are placed with the largest retailer then trickle down to the smallest seller in each market area
We plan to grow through acquisitions of similar meat and food processing/distributing companies located within the Southwest. Our company has identified and are currently speaking with a few key opportunities.
We plan to acquire food production and distribution businesses that will help the Company grow its food, beverage and alcohol-related products businesses. We continue to engage in preliminary discussions with potential investors in order to properly fund potential acquisitions, however, there are no assurances that the required funding will be available on terms acceptable to u
shannon loaded with shares imo a good sign for a eventual run .lets hope the q has more insights like into a possible acq?
from edgar
Shannon Masjedi, our majority stockholder, director and executive officer, owns a large percentage of our voting stock, which allows her to exercise significant influence over matters subject to stockholder approval.
Shannon Masjedi, our majority stockholder, director and executive officer, will have substantial influence over the outcome of corporate actions requiring shareholder approval, including the election of directors, any merger, consolidation or sale of all or substantially all of our assets or any other significant corporate transaction. In particular, because our President, Chief Executive Officer, Interim Chief Financial Officer, Treasurer, Secretary and a director, Shannon Masjedi, who owns 169,183,000 shares of our common stock and 4,000,000 shares of Series E Preferred Stock (with 10 votes per share), and 10,000 Series F Preferred Stock (Each share of Series F Preferred Stock is convertible into 0.1% of the issued and outstanding stock at the time of conversion).
they make alcohol infused and non alcohol ice pops too.from what i read they own their own mfg plant in n.j though their headquarters on long island. .you can see the high quality of snobar packaging there is a fox infomercial on snobar and the top pop ice pop appears to be all plastic pkg?i believe i read they hope to make over 80 million top pops and they seem to do a lot of wine products? 6 years ago would be buying snobar ice pops but no longer drink alcohol.imo
mentioned iconic brands icnb in a previous post they make a alcohol infused ice pop called top pop sold on the east coast.their 52 week low was .001 and high zoomed to .047 on good
revenue report etc.anyway their 10 k came out march 31,2023 and on line 26 read they had received a late filing penalty of over a $1,000,000 in 2022 have no clue about their circumstances.though. just hope it does not happen to pacv..by the way pacv does a better ice pop than icnb .imo
last years pacv 10q quarterly report for period ending march 31,2022 was released may 19,2022 just 3 weeks from now.
month of may should be the beginning of the snobar rollout now that pacv has the guidance of xnergy financial and their new marketing plan in place.i feel there is a lot of upside with snobar its probably a one of a kind ice pop of all natural flavors.
"If this tasty treat sounds like something you wish were in your area, you're in luck. Soon, SnoBar treats will be available nationwide. Its market strategy focuses on multiple state expansion with a national distribution capacity -- and a national liquer license."
10 k where are you? what happened to all the pacv good news we were suppose to get?
iam thinking our snobar rollout by xnergy should be a success in the alcohol infused ice cream and pops market since we have brand recognition.we are on everyones list of key players.if top pop or iconic brands not even mentioned as a key player can do revenue of $10.7 million for the 6 months ending june 30,2022 i feel snobar in time will do better.iconic brands icnb a qb has a market cap of almost $4.2 million.imo
https://www.maximizemarketresearch.com/market-report/global-alcoholic-ice-cream-market/96989/
as i recall now from the filings pacv paid about $5 million for the san diego meat facility several years ago and then spent a lot of money doing renovations and equipment purchases.they also did a nice job increasing the business revenue. by adding more accounts up to a total of about 400.
quarter ending sept 30,2022 for pacv shows total assets of $7.5 million so if we ever show a profit our asset figure should increase? that nyc meat dist for sale is interesting cause all costs of doing biz there should be higher than in most other parts of usa?
if you dont mind the rumble in the jungle nice meat dist. for sale in the big apple area.
https://us.businessesforsale.com/us/established-meat-distributor-with-property-for-sale.aspx
materiel events need an 8k
i really hope progress is happening like the acquisition for pacv and we are not being misled.
crazy food prices in nyc
https://nypost.com/article/how-nyc-prices-compare-with-suburbs/
Alcoholic Ice Cream Market
https://brandessenceresearch.com/food-and-beverage/alcoholic-ice-cream-market
xnergy financial has done biz with the wolfgang puck company so iam thinking snobar would be a great fit in their restaurants in various cities.
Wolfgang Puck
Consumer Brand
Represent this restaurant company and its subsidiaries and affiliates in various capital transactions, corporate structuring, restaurant development, and franchising transacti
blullish is awesome we are on bbcmf and tommy boy boards lots of eyes will be on pacv.
if pacv shows in the 10k its turning the deficit situation around that should be hugh?09/30/22 quarterly showed a loss of $1,612,609.with a interest expense of $952,049.
no o/s increase since feb 06 2023
crazyjogger925
Re: None
Thursday, February 09, 2023 9:49:39 PM
Post#
39933
of 40251 Go
as of 02/06 pacv o/s 641,784,701 with 245,395,855 restricted shares market cap at an unbelievably low $577,606 meaning there should be a lot of upside here with the right news. imo
Bullish
some good news would help us
pacv filing extension was filed on the 3rd
Pacific Ventures Group, Inc.
Name of Registrant as Specified in Charter.
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 03, 2023 By: /s/ Shannon Masjedi
Shannon Masjedi
Chief Executive Officer (Principal Executive Officer)
pacv has approx 400 customer locations in the s.w. usa so great idea to sell meat also to those customers.imo
"Today, we provide more than 2,000 fresh, frozen, and dry food SKUs, as well as non-food items, to approximately 400 customer locations in the Southwest U.S. We serve a highly diversified and expanding customer base that includes independently owned restaurants and regional restaurant chains, hospitals, nursing homes, hotels, government and military organizations, and educational institutions."
actually no o/s increase since feb 06 2023
crazyjogger925
Re: None
Thursday, February 09, 2023 9:49:39 PM
Post#
39933
of 40251 Go
as of 02/06 pacv o/s 641,784,701 with 245,395,855 restricted shares market cap at an unbelievably low $577,606 meaning there should be a lot of upside here with the right news. imo
another week unchanged o/s at 641,784,701 and market cap at unbelievably low $705,963.
there should be good news too so our new IR chesapeake can do its job promoting pacv successfully.imo
11.59 million shares on bid pacv
641,784,701 O/S has not changed .
maybe in a 2 year ago or so filing shannon showing a $300,000 salary?
my hunch is a lot of the new a/s will end up as restricted shares tied to the new acq?
seeing time and sales a bunch of nice buys at .0013.
xall does about $6 million annual revs thru dec 31,2022 with upside potential and shows net income.
all it takes is some good news.for instance xall jumped in a short time from .0025 range to over a penny today with just about double our o/s.maybe a good time for a few shareholders here who own both xall and pacv to sell a little xall and buy more pacv?imo
this increase in a/s is far better than getting a r/s. if pacv makes a deal with restricted shares we will do fine here?
hoping this a/s increase means a deal coming too for pacv with more restricted shares.