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Not if they do not tell us their plans (TCA, share structure, investors, up list, etc.)
Sounds great.
Wish they could be focused on shareholders too.
Falling knives for sale.
Nice find.
Yep. This should at least trade at 1x revs. Company did say they are approaching profitably. I wouldn’t doubt that they will have some meaty news to share.
Clowns loading the ask at .90. Those shares will get got.
Retail holders who held for a while.
$30m revs
Great. Any idea what it is?
Interesting, perhaps:
Restricted
16,154,823
Unrestricted
800,456
02/17/2021
This stock is sucking, and your timing and predictions have thus far been spot on here. The shell comment though is a stretch at best. A shell by definition has no business operations, nor does it generate any revenue. Just saying. Keep it real bruh. The shareholders here have been through enough BS already.
PACV should just run a paid promo at this point. It would help (previous RS) investors, tremendously.
OS is 6m + now.
Well they are certainly doing wrong, and a lot of it. As far as moving on, working on it and just about done.
The 5m increase in the o/s is just the beginning imo. Imo Shannon will use that ridiculous AS and dump shares on the heads of shareholders. Why else’s would she keep the AS at 900m? She will probably max it out and do another RS, then PR something like, “we are splitting because we intend to uplist, for real this time”.
All In my opinion
Or more dilution. They don’t communicate so that is not known for sure.
Shannon Masjedi is in WAY over her head.
Imo - the company may begin a diluting campaign. It is sitting on a massive A/S and hasn’t indicated it will reduce it at all. No guidance on capital raises and how it intends to do so , no info on TCA, no details surrounding an ‘uplist’, etc. They are not taking investors seriously at all, imo.
The company’s stock price has not performed for its shareholders. Many longs have left and more are heading for the exits. It has been what it always was, a penny stock destined for flipping, IMO, and even that has become difficult to do.
If the company was communicating its plans and giving solid updates, making moves like reducing the AS, etc, and the stock price was still suffering, I would continue to support them.
I wonder why he hasn’t posted this yet:
https://www.justice.gov/usao-sdny/pr/former-investment-manager-employee-sentenced-manhattan-federal-court-four-months-prison
https://www.sec.gov/litigation/complaints/2012/comp-pr2012-261.pdf
https://www.google.com/amp/s/www.valuewalk.com/2015/02/steven-hart/%3famp
I wonder if Shannon did her due diligence on Steven Hart?
Excellent. Looking to get back in on the next leg up.
Excellent move here.
Just make that money. Pinks sheets are mostly all terds. Common knowledge - no big revelation there.
The gettin is good here. Nice!
Would love to see that in a PR, along with a reduced AS and QX uplist. How could this stock not rocket to $50 on a PR like that?
That is a fair statement and am with you on those points.
I can wait for the price to appreciate in time. I will not wait much longer to see their plan, for the A/S to decrease, and to get off of the pinks
My two asks are simple: reduce the AS considerably and uplist.
They can choose to do those things or not. No sweat for me if they didn’t, as I would sell my 4.99% and invest in any stock that has interest, volume, and momentum, as many of us have been doing lately. Making 100%+ gains on $5 - $10k at a time. Can make a lot more on the money invested here.
I would hope they know they would never attract any serious investors with that share structure. The potential for $1,000’s invested to transform into chump change overnight is not appealing.
I’m not sure what all the secrecy is about. The longer they do not update us on specific strategy leads me to believe they may not have a strategy.
Curious. What were we supposed to keep are eyes peeled for?
And are you getting the sense that what you were told will not happen?
That is a ridiculous assumption. PACV hasn’t diluted in over 8 months. Check otc markets in early July and you’ll see the os hasn’t changed, yet again.
Yes there is a lot of retail selling, and very little interest, but the company isn’t diluting. I get that this situation is frustrating, but keep it real.
The drop in PPS is simple: traders are getting out of a stock that has thus far not performed, and has not garnered any significant interest.
Yes. The company has been making moves to get itself to a better position by undertaking shareholder friendly actions. It still has to do much more in this area, like decrease the A/S and uplist for starters.
I personally will need to see at least these two things happen to continue holding a large % of the company.
I think he means $8m for Q2 which is possible, given that the company just came off its highest revenue month in May ($3m)
PACV did $6.7m in Q1...
Excellent. If they were able to pay off those notes, good chance they can get out from under the TCA debt in time.
Agreed that Shannon Masjedi would need to reduce the AS as a part of her strategy, if this is to move anywhere.
Three things Shannon Masjedi can do now that would make a HUGE difference:
(1) Reduce the AS way down
(2) Uplist to QX
(3) Use some of her ownership for future acquisitions instead of solely tapping the OS (investors).
Those three things would send such an overwhelmingly positive message to shareholders. Shareholders would then (eventually) increase the pps and sustain it by keeping it high which would give her the liquidity and funding long term.
Honestly, statements were made and retracted. Information was claimed to be received and not shared. All that could have been left unsaid. I don’t see how any of that added even an ounce of value to the board. No disrespect intended. Just being real. GLTU
TT
The Camardas are the sellers. $1.9m was paid to the Camardas (sellers) as a part of the acquisition.
The $1.9m was not paid to TCA.
Agreed. We need a good IR/PR firm.
Shannon Masjedi’s PACV: the sleeping giant!
Record revenue in May 2020 ($3m)
Record Q1 2020 revenue ($6.7m)
Likely another record month in June, as restaurants and retail have opened up.
Likely another record revenue quarter in Q2 2020.
PACV WILL uplist. At the very least to the QB but I believe it may skip past it and go to the QX, while on its way toward a national exchange.
This co can potentially do $40m revenue this year. $35m over PY. That is mind blowing!
All it will take is a whale or two to discover this and begin loading. Other whales (and institutional investors) will jump in and many will hold a massively growing QB/QX stock LT.
On top of all of that, the company has its sights on other acquisitions. If Shannon Masjedi just used some of her preferred stock for the acquisition(s), without tapping the OS too much, Shannon and all would have a $30 - $50+ stock. Give a little ownership to gain a lot of market cap and sustainable equity wealth! I also believe she will reduce the AS down as a part of her strategy ;). She is a very smart business person who has surrounded herself with smart advisors. They know this stuff.
After these pieces come together. Lookout way above, and if Shannon can leave the O/S mostly unchanged as said above, a historic, unbelievable run would ensue, along with a sustainable, much higher pps range.
I’ve got time to wait. Do you?
TT
“IR has said as much in their responses to the issue, that it will likely end up with a better deal for the company. “
Indeed.
Will do