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It's working. But not for long.
Concur. This has fallen into a sleeper that nobody has awareness of, and the PPS is stale - which is fine. A .025 starting point for a merger news is better than starting at sub-p. Also agree bag holders will unload but this will be bigger than those holders.
I would not be surprised if he dropped it AH tonight, tomorrow will be explosive.
Oh, well I'm not tracking the other two. Can you PM me with those? Thanks!
I am still beside myself with the PPS here, unbelievable if you have the time and funds to load.
Me too Chief. This isn't a quick pump - this is people's long term companies and life work. If they can sustain growth over the next two years like they have now - incredible. My military retirement will be gravy compared to this.
Look at their asset and income exponential improvements since 2017. Of course they have debt and as they increase their growth may have negative income, EVERY major growing company has the same.
Relax. The only thing between us at $1.70 again is the proof of acquisition 8K and the first quarterly report showing the value of the acquisition, which will propel this to multiple dollars.
Once that hits, scanners are going to bling out, money moves here from previous red-hot OTC plays and especially once they see who is moving in here.
Been waiting for this for long ...long time. Waiting a little longer for the purchase filing.
This is one of only two tickers Chiang has for sale. It's ready to go. Either one gets sold, win win with attention to the other. His last sale saw over .20 with a very nice development company come into the ticker.
Great post my friend. With two of his tickers on sale, one goes, the other gets attention. Win win. Patience will pay.
Any day now management...mushrooms growing.
AND...many are taking profits now with some shares to get free. Nobody is going to dump here - probably gradual selling as it goes up - the recent red hot RMs will take this sky high.
Fair warning, but isn't that true with almost every single merger? Some people get in early, lots of people get in late. Playing the PPS is a risk everyone takes in OTC mergers, nobody really knows where the MOMO will take it - fundamentals are only a catalyst, not a science here.
With all filings complete, and letter posted, this should get some serious volume when the time is right...look out.
Surprised this is still hanging on at .025 - only longs or people who don't check this PPS are holding this stuff. I've still got my shares, don't need the loot I stuffed into this.
When this thing erupts...holy crap it's going to be great!
Doubled my position, people selling the news, I'll take it.
I'm very happy to load this dip, thanks for all the hard work and DD by those on the board. I got in late, but it's never too late if you are making a profit!
Thank you! Filling my bids!
Cautiously adding here a little to insure gains in UGAZ
What an incredible opportunity to load. It had great support after the profit take...loading Monday.
Wish they would come later, double it at .10 not here.
Thanks - looking forward to good things happening here.
So glad I got in at the recent dip earlier last week! Hitting 30% profits on a great opportunity and I was one of the late ones - get in while you can.
This is going run hard once the right information comes along and the RM, and perhaps a license hit the books.
Holding - the negative posts won't scare my shares out of me. Ignore.
The company announced their letter of intent earlier this year, and would sign an agreement after legal review - which they completed. They announced they signed an agreement and I'm absolutely certain they will announce the deal once they complete it.
There is always a chance it will fall apart, but at this stage I am confident, after watching their company grow over two years and the progress they made, the deal will be a huge win that takes them out of the local/regional to regional/national.
OTC is always risky, invest what you are able based on your own DD and what you can risk/afford.
If any of us knew they made the deal and/or its details, that would be illegal insider information to share.
I had/have some of the same concerns, but realized the insiders have increased the assets of the company and revenue by a huge margin over the last two years and while your idea of a sellout to the larger company is plausible, the PR says the other way around - maybe the owners of the other company want out/retire, etc?
It is hard to hold sometimes, but looking at the increase in revenue and growth in assets being way more than the short term debt load and operating loss, with income increasing 10% in July alone, they can turn this around. They must believe it.
I am loading and trading around a core - no hurry here. But once this goes, it won't be sub penny for sure.
DD RECAP - Why I'm holding PACV for BIG $ long term - a growing REVENUE earning company that owns SNOBAR and San Diego Farmers Outlet
This stock was trading $1.40 in 2017 - it has MORE revenue and 50x more assets while only carrying 3x more liabilities!
Comparison from 2017 and 2019 - This golden opportunity is staring us right in the face!
June 2017 - $37,930 in assets; June 2019 assets - $1,794,878
June 2017 - $0 in sales; April to June 2019 sales - $1,127,028 - that's just THREE MONTHS
* June 2019 PACV announced a Letter of Intent to purchase a $30M revenue established food production and distribution company.
* July 2019 PACV Announced new co-packing agreement for SNOBAR cocktails line that will allow the brand to have a NATIONWIDE presence.
* August 2019 - PACV announced TEN PERCENT revenue growth in July 2019.
* August 2019 - NO REVERSE SPLIT reaffirmed!
* August 2019 - SNOBAR Co-packing SUCCESSSFUL RUN for east and west coast distribution!
* August 2019 - via PR AND 8K PACV SIGNED the Asset Purchase Agreement previously announced in June!
All of this can be found at their website investors relations. https://pacvgroup.com/investor-relations/
This is not your typical OTC play for me, this is a long term investment while trading around a core position that I will hold. Just look at the evidence.
Dilution? If the company has to dilute to close the deal - SO WHAT? EVERY company dilutes for massive growth! Apple just issued $30 BILLION in bonds and Beyond Meat just had it's SECOND offering...this company has shown MASSIVE 5,000% asset growth in just TWO YEARS.
Huge volume again, trading in the channel. Acquisition proof blows this to dimes.
Good morning PACVers, or good afternoon from where I am. Looking forward to another day here. GLTA...let's make some dough.
Nope, I been here since June of last year, been adding over that time but didn't add any today, letting it ride. I see what you mean though, taking a while to get filled with the volume.
Nah, it's not hard to slap the ask. But it's a lot easier now than when this hits hard when the 8k happens.
8k drop with the deets on the acquisition and we are in dimes, not pennies.
I'm so bullish (loooonnnnggggg) on this stock, gobbling up shares. Thanks for this great post.
Labor Day: Which markets are closed? - https://on.mktw.net/2Pod8SB
Definitely possible with the owners letting this thing breathe a little. I don't see more than that without definitive proof of the acquisition but if then...at least .50-.60 is possible once a quarterly report shows earnings.
I don't think California has the Monopoly on stupid when it comes to politicians...
CBD and MJ should have been legalized and regulated years ago and taxes appropriately for education and reducing the debt. CVSI would be trading at $20 today.
Thanks for your posts, haven't seen you in a while.
Really moving today. Up over 10% and so glad I added the last few weeks.
At current prices, this is a steal. The PPS represents typical OTC doubt and "believe it when I see it.." type of play. RMs with zero revenue and pure speculation are trading 20-30 cents and this is less than a penny...OTC is a strange Alice and Wonderland, who can understand the rules?
I get the golden goose if Jack gets to the top.
Thanks Sleuth, that makes a lot of sense. I appreciate your response.
Ms. Graham should be head of marketing and branding...compensation committee? A better use for her would be to get CVSI on the map with the larger public and we would be trading at CWEB $ - not almost near the 52 week lows.
The growth of this company is impressive, but I still will not really understand the PR side of their strategy. Low and slow build is great, I'm long here, but I don't understand her position.