Replies to post #40976 on Pacific Ventures Group Inc (PACV)

[duelittle2]

Seems crazy w/ current SS

https://www.otcmarkets.com/stock/PACV/security

https://www.otcmarkets.com/filing/html?id=16798635&guid=IzJ-kpLZGSfZdth

On Sidelines

[marylandstockguy]

I was wondering the same thing. I don't own any shares but was thinking of buying here. What scares me is that filing to FINRA in late August to get approved for a 1:250 RS.

As was questioned by someone else here - why do that? It seems really strange - wouldn't that make the new OS like 3.9 million or so?

[allenc]

I believe the company had to implement the RS within 90 days of the DEF14C filing, July 19, 2023

"to implement a reverse split in a ratio and at a time and date to be determined by the Company’s Board of Directors, not to exceed a one-for-two-hundred-fifty (1:250) basis, within ninety (90) days from the date of the filing with the SEC of the Company’s Definitive Information Statement on Schedule 14C (the “Reverse Split”)."

This action had to be implemented by Oct 19th to become effective, at least that is how I read it. I could be wrong.

$.0003 looks like a good loading opportunity, JMO