Replies to post #40908 on Pacific Ventures Group Inc (PACV)

[Anvil]

I disagree. They have a negative cash balance, $20+ million in debt and their gross profit margin is down to 11%, Plus about $4mm of that debt in advance receipt funding (think payday loans). They are advanced money and the lender makes 30-35% interest and takes payments weekly. Not to mention the pending 1:250 reverse they are filing with Finra. Lastly, look at accounts payable, $4mm, they are stretching payables so far they may be on cod basis.