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Yeah me too.
No change to share structure as of todays update. Looking forward to hearing what the CEO says tomorrow.
Spot on Struc!
Shannon needs to send a clear signal to investors that she intends to deliver on shareholder value. She will have to give a little to strengthen her investor base and gain new loyal investors. If she doesn’t, she risks attaining or strengthening a perception of being a CEO that does not produce stock price growth.
What can she do? There are some very simple steps she can take, many of which she can do right now! She cannot wait any longer imo.
E.g
Reduce the 900m AS (can do now)
Be transparent as to the reason she is diluting the OS (can do now)
Commit to putting a ceiling on OS dilution, even if it’s just for a period of time to let the stock get some legs which will build investor confidence (can do now)
Up list to OTCQB or QX. No institutional investor will touch a pink sheet stock. This should be a fundamental decision and will help bring some stability and credibility over the longer term (can do now)
Buy back shares (find a way to do this)
Secure at least one cornerstone investor who purchases a big stake and is vocal and supportive (can do now)
This company can play in the big leagues; it just needs the CEO to nurture and grow its funding sources, it’s investors.
Or the company can ignore this and let interest continue to wain and the pps continue to dip.
Game is on Tuesday. At the bare minimum, I need to hear Shannon address these things, almost all of which she could technically initiate today.
First time seeing the video in the first link.
Thanks for sharing.
Congrats and agreed regarding dilution.
They have been Uber quiet. Somethings got to give.
I will not be adding any more until I get an update as to what the plan is for the share structure, etc.
I’m not sure people realize how high this pps would go with the right PRs. Low float, exponential growth and forward looking events on the horizon.
The valuation for a company like PACV right now is 14x Ebita, which in this case equates to around two times 2021 annual revenue (0.36 pps).
PACV needs to get off the pinks #1, and uplist at least to otcbq or QX. They can do that now, no prob. While doing DD, I learned that PACV would very much rather go straight to a big board exchange without making a pit stop.
I suppose we’ll hear about that too soon.
I do know that they want to do this soon, and will need to I order to get the type of investors they will need to fund physical expansion as well as seaportsteak.com.
Freakin ridiculously undervalued. Partly because to this point, this company has done little to nothing to market itself and create awareness. Thinking that will change shortly. Too much going on here.
Indeed.
We know the market exists, right now (see below).
The objective is to capture as much of the existing market as possible, and if quality being equal lets say, PACV can be disruptive with pricing and specials.
Butherbox does $50 - $150m per year
Omaha Steaks does $450 - $500m per year
Crowd Cow does $12m per year
We'll see...
From a previous PR regarding seaportsteak
"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."
Good market position to be in - quality meats at best prices.
PACV CEO hopes to close on three acquisitions by the end of 2022.
As exciting as it is to bring the company to closer to $100m in revenue per year, that eventual feat is not the thing the CEO is most excited about.
What she stated she is most excited about is the seaportsteak.com business, which should be launching this month. Seaportsteak.com has huge revenue and margin potential. The business model is B2C and it will compete with Omaha Steaks. To put the potential into perspective, Omaha Steaks does $450m in revenue per year.
So, when you add up the current B2B revenue + more B2B revenue from acquisitions + operational efficiencies + B2C revenue from Seaportsteak, you can see that the market cap can get into the $100m - $200m range fairly easily.
With so many positives (more than most pinks) that PACV has going on, they have been extremely quiet. I think they are going to hit the market with a big PR or release a series of significant PRs. After all, they did retain MZgroup, a company that specializes in advisory on strategy, IR, and IPO advisory.
Sources:
Market cap as of 7/6/22: $3,558,030
Update 7/04: no dilution for the 3rd (or 4th?) week in a row. Happy 4th all !
Would be nice to see some uplist news (at least otcqb) and or acquisition news.
Otc update 6/20: OS no change for the second week in a row.
New Catalysts... three acquisitions by EOY.
This $40m company will be a $100m revenue producing company by Q1 2023, imo.
Looking like we may go on another run soon.
6/13 otcmarkets update: No change to OS
Yep. Traders need to always take profit.
Or meaty news.
Was even more undervalued back then. Only thing wrong with this stock (and what frustrates flippers mostly), is that the company does a really sucky job of promoting itself and getting exposure. To its credit though, it has never exaggerated events in PRs, or tried to 'pump'. Generally, green flags abound here, and exposure should should come with MZ Group now on board.
Agreed! No one can argue with the fact that this current valuation here is extremely low.
The company is doing some great things; look out above soon!
Congrats, PST2!
Heyah!
These investors are buying through VERT imo
Exactly. Per IR Shannon is on a investor road show and per Shannon on her recent CEO interview, she mentioned that she has a team of investors.
Doubt it. Though would be another great buying opportunity.
Possibly still on, though not guaranteed. Wasn't guaranteed before this 8k and it isn't now. All we know is that it may (or is expected) to happen in the near future.
If the deal happens, I have a stack of cash on stand by, and will get in at higher prices to ensure I get in :)
Fingers crossed for those invested here.
Nothing to worry about here.
$42m revs last year
Very good SS compared to most OTCs
Extremely undervalued market cap
Acquisition PR(s) to follow
QB (or QX) up list news to follow
Seaportsteak (to compete with omaha steaks) to launch in 30 or so days
Management is not u
Again, nothing to worry about here. The pps will catch up to the fundamentals at some point soon.
Agreed 100%
Yep - should be trading at .30 - .40 minimum now. After the acquisition news, should be closer to $1. IMO
Yep - $42m revs 2021. $10m revs first quarter 2022.
Three new revenue producing acquisitions coming online by the end of 2022 per the CEO.
I feel that! I'm riding a ton of mostly free shares here now, ready to continue on the road.
Enjoy weekend as well CJ!
TT
Thanks, CJ2! I think this one has a ton more upside. Would love it if you joined us :)
Agreed Struc :)
Agreed LaFortuna!
I respect your opinion and I disagree.