Pacific Ventures Group Inc (PACV)

[M-Fondu]

It went up 111% yesterday with a pullback today still holding nice gains for those who were here when it kicked off. Today could have easily been a consolidation day with a dip. Tomorrow and next week could possibly run again.

I do have a couple concerns so it’ll depend how it trades tomorrow to see if it’s worth holding a position. The share structure has not been updated on OTCM so we honestly have no idea if they increased the o/s on us. Also, this “signed deal” has no name behind it with the 2nd party. The pr did State the following:

“Pacific Ventures Group began its due diligence process earlier this year and expects to close the transaction after both parties complete their legal review”

So it doesn’t sound official until this review is done by each other’s law teams. I think this is why the name cannot be mentioned. To me it sounds like, once the deal closes the final deal will be pr’ed and yesterday’s news was preliminary

Even if the o/s is raised, or let’s say they max it out, it still holds a valuation of .033

The key is, what will the market do with the news and 8k given, and if it made a 100%+ move on a preliminary pr, what kind of move will it make when and if that deal goes through officially. It can get reeeeal interesting. Goodnight all