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Raingawd

03/22/19 12:01 PM

#161731 RE: danr1 #161728

T minus 2-3 weeks, audited fins, eradication of debt, then Q1 (audited) revs reported and... uplisting.

Load up and Strap in!
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CashCollections

03/22/19 12:13 PM

#161733 RE: danr1 #161728

I haven't seen any updates on Pacer. I am very curious if the huge issuance of restricted shares had to do with a cash injection or conversion agreement from the legal proceedings. Sales were flat for 2018 due to not expanding too quickly as well as managing expenses. I think they started to use their capital injection during Q4 with the vehicle fleet used for marketing while sales team is pushing retail sales...I would have to expect a small increase in sales given those additions...I would guess Q4 would be at 2.5M...ecommerce traffic is up and would expect additional sales from the brick and mortar efforts.

The debt on their books is essentially a credit line off their shareholder equity...similar to a line of credit on a house...once they are done pulling money to reinvest in expansion efforts the debt will be closed...hoping they did get a cash injection from someone and can help propel the forward movement.