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i spoke to the person you just posted that answered you trace..iam telling you all what he said to me.its possible if there is a deal it aint a done deal yet in as much as no r/s shares have been given.? i like that the agri group does partnership arrangements too a real solid outfit.imo
"Company Description: Throw whose steak on the barbecue? Maybe it was from Agri Beef, a company established in 1968 that raises cattle on its ranches and fattens them up on its four feedlots in Idaho, Kansas, and Washington. Its processing plant located in Washington offers both fresh and processed meats. Agri Beef's brands include Snake River Farms, Double R Ranch, St. Helens Beef, and Rancho El Oro Beef. The company also raises cattle for other companies and offers such services as cattle procurement, partnership arrangements, competitive financing, accounting, on-site inspections, trucking schedules, and inventory management. In addition, the family-owned business operates Performix, a cattle-feed and -supplement manufacturer."
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i just called 877-736-0193 for snake river farms and asked the rep whether they were sold to the pacific venture group.his answer" not to my knowledge" my next question was" if you were sold to pacv would you be privy to that information" his answer was "they would tell us."
'
the farms being plural beside snake river farm may be the double r ranch in loomis,washington.the famous smith and wollensky rest. group buy much of their beef from the double r..agri beef also has 1.4 million acre farm in nevada.would help to have a real press release though seems like pacv is sandbagging press release information till after their proposed r/s?imo
one would think pacv picked up a farm somewhere after seeing the seaport farms logo? maybe with cattle too?imo
https://seaportsteak.com/about/
paying off the tca debt about $12 million for pennies on the dollar[not sure how many pennies] would be hugh benefit to pacv.imo
i just think pacv loves to get the cash from the note holders doubt there is even oversight on how pacv spends the money? after their 2020 r/s a hugh opportunity was wasted when
pacv issued shares sold to the public had they paid off their note holders with all the shares issued we would not be in this mess now and doubt there would be a need to r/s soon?
"During the year ended December 31,2020, the Company issued a total of 15,728,570 of its common stock. This comprised of 5,728,570 for various investors for cash anod other considerations including services. On December 16, 2020, Shannon Masjedi coverted 1,000,000 of her Series E preferred share in exchange for 10,000,000 all applicable 144 rules apply."
scroll below
"During the year ended December 31, 2021, the Company issued a total of 14,747,791 of its common stock. This comprised of 4,747,791 for various investors for cash, debt conversion and other considerations including services. On August 30, 2021, Shannon Masjedi converted 1,000,000 of her Series E preferred shares in exchange for 10,000,000 restricted common shares ."
most recent 10k showed operation expenses exceeding $ 8 million so if that area can be whittled down a bit maybe a few less employees at seaport running over 60? i can show a meat joint for sale in the big apple area doing $27 million with 20 employees listed albeit cash flow stinks.imo
https://us.businessesforsale.com/us/established-meat-distributor-with-property-for-sale.aspx
i really loath an r/s but if pacv does another acquisition like seaport meats we could get back over a buck a share post split? 2020 quarterly highs $1.45,$1.75,$1.89 after their last r/s imo
was from the momo of the seaport meat acquisition.hopefully this time pacv will pay off far more notes with the shares they sell if r/s is finalized than they did in 2020.imo
iam thinking after our new r/s the pacv new a/s will be 900,000,000?
"The Company is authorized to issue up to 900,000,000 shares of its common stock, $0.4988 par value per share. Holders of common stock have one vote per share. As of December 31, 2019, and 2020, there were 570,859,333 and 16,871,351 shares of the Company’s common stock issued and outstanding, respectively. On April 13, 2020, the Company authorized a 1-for-500 reverse stock split of its common shares."
so assuming pacv uses 900,000,000 shares as their final o/s by a 250 r/s =s 3,600,000 post split shares more or less? in 2020 their high was $1.89 my guess after their other r/s in quarter ending june 30,2020.scroll to item 5 of 10k for their price chart for 2020.
"On December 31, 2020, the Company had approximately 294 stockholders of record and 16,871,351 shares of common stock issued and outstanding."
https://www.otcmarkets.com/filing/html?id=14873732&guid=U_D-keDrQVj4B3h
imagine if pacv had any kind of real news after r/s there could even be a run?
below is how the structured deal worked to buy[pnc] seaport meats 2019 which based on their repeated hugh losses was a terrible purchase yet the sellor was in biz for 30 years so what happened? now present shareholders are paying the price both in a destroyed share price and a looming 250 for 1 r/s losing market liquidity at new trading price 20 cents.you have to wonder even will with a r/s will pacv even have the ability to make a similar purchase? shareholders deserve to know what their future plans are to grow pacv and how they will grow with only $300,000 in cash or so based on the new q.
On August 20, 2019, Seaport Group Enterprises, LLC— a California Limited Liability Corporation was formed, and it is a subsidiary of Pacific Ventures Group, Inc.
On December 17, 2019, Seaport Group Enterprise LLC, completed the acquisition of the assets of PNC Inc. (the “Seller”) DBA Seaport Meat Company. Pursuant to the Asset Purchase Agreement as Amended, the purchase price is as follows:
? $1,500,000 payment made at closing
? $660,000 inventory payment made at closing
? $850,000 note payable to the Seller
? $1,900,000 paid on March 17, 2020
? A number of common shares of the Company equal to 2.5% of the issued and outstanding shares of the Company on the date of issuance to Seller with in fifteen (15) business days of the completion of the audit of the Company’s financial statements, including the assets acquired, for the year ended December 31, 2019.
The assets acquired consist of assets and rights that belong to the Seaport Meat Company that are used in or pertain to the business and all necessary to operating the business as its currently being operated.
Our principal executive office is located at 117 West 9th Street, Suite 316, Los Angeles, California. Our main telephone number is (310) 392-5606.
During the 2019 fiscal year, the Company completed an asset acquisition of PNC Inc, DBA, Seaport Meat Company, a company with over thirty (30) years in business servicing restaurant and retail, and institutional customers in Southern California and Arizona. Seaport Meat Company is a USDA meat processing plant that supplies quality meats, seafood, dry goods, dairy and produce. Seaport Meat Company is a food distribution and manufacturing facility in Spring Valley, California and is HACCP-compliant and is a USDA Licensed processing facility with on-site daily inspections. HACCP is a management system in which food safety is addressed through the analysis and control of biological, chemical, and physical hazards from raw material production, procurement and handling, to manufacturing, distribution and consumption of the finished product. Having a USDA certified facility allows consumers to be confident that the Food Safety and Inspection Service (FSIS), the public health agency in the USDA, ensured that meat and poultry products are safe, wholesome, and correctly labeled and packaged
total mm manipulation here every bullchit 500 share trade is a downtick trade and possibly a fake trade?
pacv going to be one heck of a short at 20 cents or above.on the other hand much to my chagrin i hate a r/s lets say shannon is legit in trying to do an acquisition who in their right mind would accept .0008 shares in a deal-shares are almost worthless.imo
that caught my attention why i posted it for scrutiny.
from 14c
The Reverse Split will not change the number of authorized shares of Common Stock, which will continue to be 900,000,000 shares of Common Stock,
Based upon 781,784,701 shares of Common Stock issued and outstanding as of the Record Date of June 27, 2023
i was going to buy more pacv shares but now because of this r/s heck no.
per 14c nothing definite yet and the board could have up to 90 days to decide.
The Company’s Board of Directors believes that a Reverse Split should, at least initially, increase the price of the shares of Company Common Stock to approximately $0.20 per share, in the event that our Board of Directors elects to implement the maximum reverse based on a one-for-two-hundred-fifty (1:250) ratio, which ratio is subject to the discretion of the Company’s Board of Directors. The Company’s stockholders should understand that, as of the date of this Information Statement, the Board has not determined the exact ratio of the Reverse Split nor the date that the Reverse Split will be implemented. Nevertheless, the Board Consent and the Stockholder Consent provide that the Reverse Split, if implemented, must be initiated within 90 days of the filing of this Definitive Information Statement, subject to the processing of the Reverse Split by FINRA.
if pacv even had a houston deal, i wonder now, but if they did and closed our price would soar into pennies.there was no need to r/s.imo
years ago i forget the name now but a cos did a bs r/s and everyone dumped their post split shares the selling price went back to trips.a lot of cos have told their shareholders no r/s
for instance cydy owes over a 100 million bucks no revenue i remember nader saying no r/s.we will see what their new ceo does cyrus..
so a fast calculation it appears our new selling price will be 20 cents?on my end iam in my cost .0029 my guess i will need post split about 79 cents to break even.lol
wow! did we just get wiped out? no news on anything she mentioned and now a big fu with a r/s.years ago in another stinky pinkie we pooled our money and hired garvey shubert barer 50-100 wall street and they put the folder of complaints/case on the sec desk for investigation .then we collected ov.er $15k to cover the fees.i was the mod then.
key part of q .without detail.
' Although we have been able to extend the maturity dates as well as repayment terms of a substantial amount of such debt"
key part of q without detail
". Although we have been able to extend the maturity dates as well as repayment terms of a substantial amount of such debt'"
'
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time and sales showing an 8.6 million trade at .0009 too.and would you believe showing 6 500 share trades all on a downtick incuding a .0055 trade.
this amount of debt pacv has is not necessarily a killer since a good portion can be wiped clean for pennies on the dollar.the chairman marc so happens to be in the loan biz iam pretty sure he is a savvy guy getting results.pacv has good revenue and can grow by making a key acquisition with good cash flow.right now they need to get their price up on good news asap. they must be working on catalysts and they must know .0008 price now is unacceptable to advance their growth.imo
i will tell you ron if pacv is in over their heads slinging meat ,a hugh amount of work and thin margins, there is a wonderful opportunity to buy a hemp farm in california. a new venture like the hemp biz
would explode the stock to prob pennies easily and dramatically increase shareholders count .not sure about the legal issues in buying such a farm below but imo labor and other costs should go down? selling price needs to be worked on a little high imo
https://us.businessesforsale.com/us/farm-to-table-hemp-manufacturer-for-sale.aspx
great time to buy a meat biz that has cash flow like this one below in houston.owners looking to retire.so terms should not be through the roof.id wager this meat biz here in houston way under $10 million.imo
https://us.businessesforsale.com/us/profitable-food-wholesale-with-cold-storage-warehouse-for-sale.aspx
"and employs 20+ experienced, full-time W2 workers."
there seems to be a lot of interest in pacv at this level.as long as they can get funding/loans/convertible share funding pacv can hang in..this would be a good time for pacv to make a move with their mexican beef sales mentioned before as meat prices escalate.imo
many trades today but mm not helping our share price. in fact possible naked short trades ? too many 500 and little trades on a down tick.imo
https://quotes.freerealtime.com/quotes/pacv/TimeAndSales
really hope pacv is working on a loan and hope we get acquisition news.
there were some pretty big trades at .0012 pacv
article on meat prices expected to dramatically rise .hope pacv has some inventory
https://discernreport.com/meat-prices-will-triple-in-the-coming-weeks-as-grocery-stores-struggle-with-shortages/
thanks updated.
my previous post is retarded as i lost track of time by a day.the new o/s is out for this
week and indeed the o/s has risen by 30 million shares from last week.
781,784,701
06/26/2023
751,784,701
06/19/2023
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