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$DCAC volume hitting
Back in at .0045 for a bounce... $VCBD
Sounds good. Still watching and waiting. $MVNT
Any further updates on filings? $MVNT
We’ll see. I have the same feeling. $DCAC
Not sure how anyone thought this wasn’t happening...
What else would the recent A/S amendment imply? It was reduced from at least 8 billion to 16 million on NVSOS...
Common sense says that a R/S will be announced.
$RETC
Form T for 21,893 shares AH... Pure dilution. $GRYN
Going parabolic. .007 break coming. $VCBD
They’ll lose significant equity in SDFO and SMC. That’s why TCA perfected a security interest in PACV’s assets. It was setup to continuously milk the company at high-interest rates or maintain control over the subsidiaries.
Chapter 11 is actually the next best option. Not only would it get rid of the TCA debt, but they would be able to reorganize the entire balance sheet and protect existing shareholders.
The capital raise that they’re currently pursuing is a lot more dilutive than the above stated scenario...
$PACV
PACV is attempting to complete a capital raise to pay off $9,303,018. How on Earth will they secure additional funds to acquire another company?
If they’re unable to do so, the company could be forced to file for bankruptcy like Zenergy did (as stated in the Receiver’s first quarterly status report).
$PACV
Yup. Seems like it’s going to move soon. I haven’t said that in awhile, but that’s what it looks like to me.
$DCAC
I’m more interested in the current TCA Receivership. The only reason it seems like my agenda is negative is because the nature of the situation does negatively affect the company. For me, it’s just an extremely rare and unique situation for an OTC issuer.
TCA’s security interests in most, if not all, of PACV’s assets gives the court access to information that Shannon may or may not disclose in SEC filings. It’s definitely going to test her character as well as her business acumen.
I suppose Hart’s history is relevant to a certain extent, but he has very little influence over what’s ultimately going to have a significant impact on the company.
$PACV
TCA ICAV is under scrutiny by the Receiver...
This Receivership remains in its very early stages. Going forward, the Receiver and his professionals will continue to manage the Receivership’s operating businesses, and determine a strategy to maximize their value, and execute on that strategy after obtaining court approval. The same is true of the other Receivership assets including the loan portfolio, on which the Receiver will continue to pursue loan collections, always in a manner designed to maximize the net benefit to the Receivership Estate, and ultimately to investors.
Given the overlapping connections that the Receiver and his professionals have identified to date between the Receivership Entities and the affiliated TCA Opportunities Fund and the TCA ICAV, including common employees, management, business location, use of funds, and investors, the Receiver plans to determine quickly whether it is in the best interests of the Receivership Estate to expand the Receivership over those funds, in which case a motion to expand will be filed.
$PACV
Yes. Tape shows 8:43 AM. MMs setting up. IMO $DCAC
It’d have minimal operations if this were true.
Huh? That’s not what the last 10Q says...
As of March 31, 2020, Snöbar products are currently being sold in the east coast by our distributor. The Company’s management has been actively constructing an online platform that will allow Snöbar distribution on a national level. Please see “Plan of Operations” below for further detail.
As of the date of this Quarterly Report, Snöbar products are currently being sold in the east coast of United States by the Company’s distributor. The Company’s management has been actively constructing an online platform that will allow Snöbar distribution on a national level. The Company’s platform is complete and ready to “go live” and, with the aim of purchasing inventory as well as increasing sales and marketing efforts.
Court filings state that Snobar is non-operational. Meanwhile, the company is reporting to the SEC as if they’re still active and expanding...
$PACV
I think the court filing is very clear. It says the monthly payments were reduced to avoid defaulting on the loan(s). And it was an unofficial agreement since the Receiver restated that $75,000 is the required amount. Therefore, the Receiver doesn’t have to honor those new terms.
It will be interesting to see how they move forward with Snobar now that it has been revealed that it’s non-operational...
$PACV
This should be of concern to PACV shareholders...
Prior to the Receiver’s appointment, the Defendants permitted PACV to pay only $10,000 (not the required $75,000) per month, to avoid a default so PACV could attempt to do a capital raise.
Even with the new revenue stream from Seaport, they’re still struggling to pay their bills. It’s going to be very difficult to raise non-dilutive financing with this kind of information in court documents...
$PACV
You don’t expect this to ever trade organically? $DCAC
Yes. It has done so several times already.
It makes no difference since float remains unchanged.
As you’ve mentioned several times, the market cap is extremely low — even at $.02. It literally doesn’t take much dollar volume to get back to those levels...
There’s really nothing to spin here. The lack of dilution has preserved the stock’s value. It doesn’t matter what the PPS, or value per share, is. The majority of the shares that have traded post-split are the same shares that were available pre-split. That’s all that really matters. IMO
$DCAC
But PPS does not determine a stock’s value. It’s simply a measurement of its value.
When the stock ran to .033 in May, many legacy shareholders who bought in at .0001 (or .02 post-split) were up over 50%. That doesn’t necessarily mean that the value of the stock changed; if anything, its perceived value changed.
Actual value is based on the % of equity held in a particular class of stock. Therefore, dilution is the only event that decreases the value of a stock.
$DCAC
I’m not really sure how the R/S disproportionately affects legacy shareholders and not new shareholders. Personally, I was able to load heavily at much lower prices than where the stock is sitting today. But even if that weren’t possible, there hasn’t been any real dumping of toxic debt that would make it difficult for pre-split investors to retain the value of their positions.
In this particular case, all shareholders, new and old, are in the same boat. IMO
The only thing relevant right now is sentiment. Everyone knows the stock can move because it already has. Maybe news will change the sentiment, but I don’t think it’s necessary. There are companies who don’t communicate with shareholders at all that trade simply because shareholders recognize the potential in the stock.
$DCAC
This is why the bid whacking is confusing. Company is doing everything to preserve shareholder value, yet folks are still eager to sell at low price points.
And like I said, this has occurred for months.
This shouldn’t be a stock that just pops every now and then. It has all the qualities that would allow it to continue increasing in value if more shareholders appreciated its potential.
$DCAC
It should be moving up gradually over time. If it only pops after loading on the bid, then it’s basically a P&D...
Sideways trading is always expected after any kind of move. That’s not the behavior I was referring to. The constant selling into the bid is not normal at these levels. And to be honest, it was happening below .004 prior to the run. Large blocks over 250K shares, too...
$DCAC
Chart shows a steep decline on the A/D.
It was mostly selling, even though there was no dilution. No telling how far it could’ve gone if the bid whacking wasn’t so aggressive...
You’re right about the setup and I’m positive that this stock will eventually run hard, but I will never understand why it’s currently behaving this way.
$DCAC
Interesting setup. On watch... $GMPW
That was more than half of the float. If we assume that was real volume, that’s significant interest in just one day. I understand the dynamics of low floaters, but I also realize that 13M-14M shares out of 27M-28M at the time cannot trade without a market presence...
$DCAC
I believe the market found it in May. Too much volume within such a short period of time. Even then, the price action reflected more selling than buying.
There is literally nothing preventing this from slowly increasing over time, yet every bid gets attacked whenever it makes an attempt to do so. The poor sentiment needs to change to embrace any good news that comes out. IMO
$DCAC
The R/S didn’t destroy value. Shareholder sentiment did. As I’m sure you’ve discovered, the ratio was actually reduced from 1:1000 to 1:200. That’s unheard of for an OTC issuer.
Despite the progress that the company has made and the lack of dilution, there are (seemingly) very few longs who support the stock in terms of both open conversation and market buying.
The length of time that this has persisted is what really blows my mind...
$DCAC
$DCAC 30M O/S could make a big move shortly
True. I never really considered OTC Markets newsfeed. It’s actually free to post news there as part of the annual fee structure for Pink Sheets.
$DCAC
Marisol Elwell (OTC ghostwriter) recommended DCAC on Alignable. She’s known for constructing the PRs that caused POTN to run from .05-.06 to almost a dollar.
If anything, Viola should follow through with her and put her proven IR skills to work. She knows how to make things happen.
$DCAC
It was PR’d and widely disseminated on 07/15/2020. I found several links, from the usual GlobeNewsWire to AP News/NASDAQ, etc. Brokers picked it up on their feeds, too...
https://www.globenewswire.com/news-release/2020/07/15/2062809/0/en/OPEN-LETTER-TO-SHAREHOLDERS.html
https://apnews.com/9f9ab134f5ea69281942367dd64166a0
https://www.nasdaq.com/press-release/open-letter-to-shareholders%3A-2020-07-15
$DCAC
In addition to the expansion financing news, correct? Very little reaction to a filing and PR combo, which is quite surprising after some bonus runs to .02 on less significant developments. I’ve stated this before, but I’m still wondering how it played out that way...
If we get a hint of what sectors the new subsidiaries will be operating in, this will get more attention. Will try to keep tabs on NVSOS. Perhaps Viola will enlighten us shortly as well.
$DCAC
Nice continuation from yesterday. $$$ $JADA
The difference is how high the stock runs. The right combination of acquisitions/clients could generate enough volume to see .50+ or just another bonus run, so to speak.
Viola mentioned updates on Payless’ new service offerings. But I think the real catalyst will be based on what sectors the new subsidiary clients are in. That will drive more speculation than a roll-up trucking acquisition.
I actually think management is going to announce both as the added cash flow and revenue would provide growth opportunities for all subsidiaries.
$DCAC