Pacific Ventures Group Inc (PACV)

[tutankhamuns]

Keep in mind that additional TCA debts exist...

On May 1, 2018, Pacific Ventures Group entered into a secured promissory note with TCA Global Fund for $1,750,000. The note was secured by interests in tangible and intangible property of Pacific Ventures Group. The Company is to make interest only payments of $24,462 for 2 month; $10,000 for the next 4 months; subsequent payments of $45,500 until the loan is paid off. The effective interest rate on the note is 16%. On July 26, 2018, the Company entered into a second loan with TCA Global Fund for $400,000. The outstanding balance of the notes with TCA Global Fund is $2,150,000 as of September 30, 2018.

https://www.otcmarkets.com/filing/html?id=13954287&guid=ML6HUpLgC7ng4yh

That’s a total of at least $5,150,000 that TCA’s creditors have claim to as it relates to PACV. I’d say that’s a really, really big IF.

This situation is going to require some serious refinancing...

$PACV