Pacific Ventures Group Inc (PACV)

[technicolor turncoat]

They are not diluting (at least as much as I was expecting) after raising the A/S count and announcing a reverse split. Maybe we are close to this happening:

"The Company is also still in negotiations and due diligence on the acquisition previously announced. Ms. Shannon Masjedi, Pacific Venture Group's Chief Executive Officer, commented, "We are working towards a definitive agreement and looking forward to closing in the near future. In addition to their existing business, we believe there are great synergies to expand Seaport Meat Company's and San Diego Farmers Outlet's reach toward the middle of the country given their customers and distribution capabilities. This would be a transformational acquisition and, if consummated, will catapult us to near $80 million annual revenue and enable us to be positioned to start the process of an up list to a major national U.S. exchange."

This could explain the A/S raise, to accommodate the acquisition (shares to the sellers), then split it down right after to meet the PPS requirements of getting listed on a national exchange. Not holding my breath on this; it's just that it appears that this could be a setup to support the plans laid out in the letter to shareholders. My 2 cents. GL all.