See now Tutankhamuns, I believe we can agree on something! Sometimes bankruptcy is a better choice and can help certain companies in situations like this, such as a chapter11.
However,
The chances of PACV having to pay anything near $9 million to a receiver is extremely unlikely.
We have 898 million shares to sell I do not think losing the company or defaulting is going to happen. There are a measly 1.2 million shares out- I hate to admit dilution is going to happen at some point. Most companies eventually aim for 200-500 million outstanding once established and profits are stable.
Speaking of profits, how lovely would it be for PACV to keep the cost of goods and overhead near the same as in Q1, while adding around $2 million more in sales? A net loss of $800k in Q1, what happens if we finally start making profits by adding this extra revenue?
The running rate shows profit in the very near future.
Out of pure speculation, I could assume a company with good financial connections crossing into profits with increasing revs of $35+ million while only owing a few million to a receiver could acquire a handsome investment to take care of this situation.
I really enjoy everyone here in the ihub PACV board. Even those who only talk about the negatives. I am sure most of you have seen me post both sides at one point or another.
PS - Please do not invest based on anything I ever post about PACV. I strongly believe we will see material events unfold at any minute within the next few weeks that will dramatically gap the stocks price..
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