Ok so i finally got the correct phone number to the Company IR. It is (310) 800-4556. Shout out to Whitemoneys who posted it in response to my request. Use it guys, whenever you have a question your due diligence can't answer.
I called it last night at 6pm LA time and left a voicemail message. I got a return call at 9am LA time today. I called back and was switched over to Jacob, the Pacific Ventures director of business development.
We had a lengthy conversation about three main topics.
I started off with the company's share structure. I asked why the authorized hasn't been updated since 3/13/19, the outstanding since 3/31/19, the float since 2015, and why Shannon has never released the restricted and unrestricted number of shares?
He said that is a question for Legal, and he would forward my concern and get back to me. If i don't hear back in two weeks i will call Jacob for an update. I am a dog on a bone on share structure questions, especially the float number.
Second topic, i asked about the $30 million deal. Is it still in final review? His answer was absolutely, and we should expect a press release when it is finalized. I went no further with other questions on this deal as material news would have been off limits. Not my first rodeo, and not his.
Third topic, i asked the status of last year's $40 million deal with CWA out of Ft. Lauderdale. Jacob said that deal did not make it out of the final review stage. The provided numbers did not stack up, and some of the things the owner of CWA had claimed could not be confirmed, so in the best interests of shareholders the deal was rejected by Pacific Ventures. JMO but i read into it that the owner lied and was shady. Yea i don't sugar coat stuff, but Jacob needed to be professional and "diplomatic." Good on him.
Full disclosure, i had already called the owner of CWA and spoke at length with him about the deal and i came away with a feeling he was somewhat of an ass with perhaps an axe to grind. Not surprising at all he was in denial given he had been left at the alter on the deal. I walked away from the phone call feeling no deal was a very good thing for PACV investors.
Jacob explained that the Company is always honest with shareholders and everything in the PR's are vetted and truthful.
Overall i was jacked about my conversation with Jacob. He is very polite and professional. And now i know i can get a hold of a Pacific Ventures representative when needed in quick order. As an investor, i value responsive IR.
I told Jacob i had ordered SnoBar and enjoyed every flavor, and that seemed to please him. I think the Company likes customer feedback. Don't be shy about giving good or bad feedback.
Investors need to make their own decisions and do some due diligence. For me, i am all in and patient. My best guess is the stock price will ascend. I am already on record in the belief that right now PACV should be valued at 2+ cents without the $30 million deal. With it? Who knows where it could go?
AI
