$300,000 has been purchased of PACV stock in 2 days, this is not much retail. Since the beginning, PACV has struggled to have over $100 trade per day. In recent months there have been literally 0 volume days even after earnings PR and other news.
In the past 2 weeks PACV has trading volume like never seen before and to be honest, it is refreshing to see.. It is sad that any shareholder in history is at 100% loss over and over, but maybe this time is different? Even after these 2 good volume and green days, the price is still not where it was 2 weeks ago. It needs to get back over 0.05 to be at Aprils price point.
The only news I want to see is that PACV paid off the purchase price debt for Seaport Meat and the Farmers Outlet. TCA the primary lender and asset holder of PACV has been involved with litigation and fraud. The receiver has been finalizing deals and as of the recent court document, PACV has not paid and is 1 of the last ones in the portfolio to not be sold or a deal made.
One the bright side, some of the deals the receiver made favored the company it lent money to BIG time.. If PACV puts out a statement and/or 8k filing confirming they paid off the purchase debts of these assets, the stock would absolutely explode.
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