Replies to post #35842 on Pacific Ventures Group Inc (PACV)

[Anvil]

One would think that info would be 8K worthy

[tutankhamuns]

This should be of concern to PACV shareholders...

Prior to the Receiver’s appointment, the Defendants permitted PACV to pay only $10,000 (not the required $75,000) per month, to avoid a default so PACV could attempt to do a capital raise.

Even with the new revenue stream from Seaport, they’re still struggling to pay their bills. It’s going to be very difficult to raise non-dilutive financing with this kind of information in court documents...

$PACV

[Koopa Troopa]

We are certainly in a challenging position here... "capital raise" implies that we are using equity (i.e. shares) to pay it off. The burning question is what share price/ valuation will we be able to issue this equity!!

The TCA Receivership is going to overshadow any other positive material events until we know details of what is happening. Not necessarily a "bad" thing, but will we be able to issue shares at $1, $2, $5??? Honestly even at $1 we'd be looking good... ~7M OS and Seaport and SDFO fully paid off?? I'd take it. I'm sure there is so much more going on that we don't know about, and I'm really hoping for a bright light to be shed on this and everything else in and around the 10Q.

$PACV$

[penny.dreamer]

Thanks for sharing this info Sello. Greatly appreciate it.

[penny.dreamer]

I'm excited to get this behind us. I also remember Wake posting about McLean Capital Management. They are still actively pulling reports on PACV. I'm not 100% sure if McLean will fund PACV but I guess we will find out the details in the coming weeks.