Pacific Ventures Group Inc (CE) (PACV) News

Good grief, you would think a CEO would have the decency to provide an update to shareholders at the end of the year.

It has to be fake, there is nothing on pacer and a bk would be listed

I think its a fake press release, I mean, there is no other evidence out there and its from 2023, we would have already known about it in filings. Anyway effectively for shareholders its already true.

wow, what a loss, just devastating all around. thats the risk with these plays, even with all the revenue they had. What a disgrace.

Holy cow. PACV kept that info quiet as possible. How can that be for a public company. How is that not material information?

i wonder how differently transparency will be for all the other stakeholders? lol

Pacific Ventures Group’s bankruptcy filing is a difficult but necessary step to protect the interests of its stakeholders, including suppliers, creditors, employees, and shareholders. The company intends to work closely with all parties involved to ensure that the bankruptcy process is conducted in a fair and transparent manner.

https://techannouncer.com/pacific-ventures-group-inc-otcpacv-files-for-bankruptcy/
We missed this? lol

Los Angeles, CA – Pacific Ventures Group, Inc. (OTC:PACV), a consumer-centric distribution company specializing in food, beverage, and alcohol-related products, announced today that it has filed for bankruptcy.

The decision to file for bankruptcy was made after a thorough review of the company’s financial position and prospects. Despite the efforts of Pacific Ventures Group’s management team to improve the company’s financial performance, it has been unable to generate sufficient revenue to meet its obligations.

Pacific Ventures Group’s bankruptcy filing is a difficult but necessary step to protect the interests of its stakeholders, including suppliers, creditors, employees, and shareholders. The company intends to work closely with all parties involved to ensure that the bankruptcy process is conducted in a fair and transparent manner.

“Unfortunately, despite our best efforts, we have been unable to turn around the company’s financial performance,” said Shannon Masjedi, CEO of Pacific Ventures Group. “We are committed to working with all stakeholders to achieve the best possible outcome in this difficult situation.”

Pacific Ventures Group’s bankruptcy filing will not affect the availability of its products to customers. The company will continue to operate during the bankruptcy process, and its products will remain available through its distribution channels.

Pacific Ventures Group was founded in 2012 and has since become a leading distributor of food, beverage, and alcohol-related products. The company’s products are distributed throughout the United States and internationally.

The bankruptcy filing is a setback for Pacific Ventures Group, but the company remains committed to its mission of providing high-quality products to its customers. The company believes that it can emerge from the bankruptcy process stronger and better positioned for future growth.

About Pacific Ventures Group, Inc.

Been well over 6 months since they filed the NT 10K. Do they even plan on continuing as a public company?

WOW, the new CEO came in and she did a 1 for 500 R/S in 2020 then she did a 1 for 250 R/S Feb 2024 and just destroyed PACV. Well she just did what she wanted to do not what the company needed. Hmmm I can't figure out why.???

Any news or updates? $PACV

I would love to know I am furious.

Just curious, did this company go under? Bankrupt? President/CEO steal all the company's money? I keep seeing this on here and am just asking.

appreciate you contacting me on the dormant pacv board now sleeping tn a expert market situation .while there may be a parallel here with our beer pinky kegs
approved for an r/s pacv did one recently to little avail as the sp fell from pennies back to trips? pacv only had a o/s at the time of about a billion shares yet showed little concern for shareholders interests and wiped out investors by doing an r/s..time will tell with kegs too bad i have not drank a beer in 8 years missing out on
a highly awarded beer.

Is this related to PACV?

sorry I missed your pm.... ive slowly been adding also, picked up a 419k today and some on Tuesday. Revenue should be at least $500k for the quarter (that is minimum) im thinking closer to $600k. We will see by next weekend at the latest where the numbers are.

As far as Brian; He had 625 million shares, then cancelled those shares into monies owed, then transferred that money into shares again. Pretty much he received 3 times his original amount of shares for his original work (whatever it may have been). That is the only "sketchy" thing ive seen so far with that stock.

I am highly highly confident we see more volume next week and I do hope I can come up with some more money to buy more on Tuesday. If not, I have more than enough.

GLTY and I might be in your area next week for a day trip.

She cannot survive without investors. Even if she goes back publicly trading one day this will be on her record.

my guess is they go private and screw the shareholders, all of us, a complete loss, I just cant believe it. What they did was unthinkable. Meanwhile the business itself will probably survive, how ironic.

Your idea of good news is what we should have as just normal operations.

Expert market now.. waiting some good news from the company in the near future, starting with filling and back to pink

Shannon is a complete loser of a CEO.

Closing orders only according to Schwab this morning

Thought we had a gem especially after the RS.

Silver lining is there will no longer be any uncertainty. Sux that you lost your cash. I lost big here if it’s any consolation.

Where else would you find the most respected woman in meat?

You probably have to do the trade through a broker phone call.

I guess so, my broker doesnt allow Expert Market nor Caveat Emptor companies , to have stock trades through them,of these companies

I guess so, my broker doesnt allow Expert Market nor Caveat Emptor companies , to have stock trades through them,of these companies

She probably forgot that her company is publicly traded. She is on her way to joining an esteemed group of CEOs on the expert market.

Thanks for the update. We’ll see what happens but I’m not holding my breath.

PACV another 12m added to outstanding shares, now ar 149,716, 100 outstanding. She is assigning shares to transfer into cash, last day for filings to keep from being kicked off the quotation services is Tomorrow.

PACV another 12m added to outstanding shares, now ar 149,716, 100 outstanding. She is assigning shares to transfer into cash, last day for filings to keep from being kicked off the quotation services is Tomorrow.

Money i barely knew thee. We had some good times but is now the week where you rest eternally.

its sure a shame looks like we get crushed again should have learned my lesson after the r/s?

Putting money in most of these OTC stocks is more like going to Vegas than real investing. PACV could have been different considering they have or perhaps had real products with revenue and employees. I'm not sure it is dead yet as a company but it might be over for us shareholders. It is extremely rare for companies to make it back when they get demoted to a lower exchange.

i know

Nothing but silence for shareholders.

was hoping pacv would support their shareholders by getting the sp much higher but not looking good here .

POS

PACV I think tomorrow or Monday is the final day of the grace period, It may already be to late to stay on OTC services, even if some filings showup, I am not sure how this works , going from a reporting Corporation, to Expert Markets.

bye

shareholder to pacv are you alive?

Farewell money

Of course the agreement is still in place, Trillium has not converted much with this volume. And with a low, ownership limitations and such a low share, conversions are pretty small.

They are probably already in default for being late in reporting.

I have said several times, they should BK

I am going to miss my money goodbye money i miss you

Bad news..
No matter what happens in the next few weeks, the CEO of PACV will never be trusted and has proven to be a terrible leader of a publicly traded company.

PACV has an agreement and court order with Trillium Partners concerning almost $10 million worth of common stock due to them for debts.
What is the status of this agreement? No idea. How much has been paid, if any, and when?

All I know is that if this court ordered agreement is still in progress, the CEO is playing a game with her companies stock.
If PACV gets delisted soon, which is days away, this agreement defaults.



I can't tell if the CEO is preparing for some sketchy market manipulation or if she is letting this default..

No matter what, Shannon is a trash person with personal bankruptcy's, horrible management skills and communication.
My opinion, of course.

https://www.sec.gov/ix?doc=/Archives/edgar/data/882800/000149315223038562/form8-k.htm

pacv o/s at 137,316,460 with about 61 million restricted. as of today 76 million tradeable shares.
137,316,460
07/08/2024

Pacific misadventures

PACV otc showing dilution, outstanding up by 17 million, unrestricted up by the same amount. Grace period over on Friday. No filings have posted.
Whats this CEO's plan? Dump into this final week and then disappear into the EM stock death

PACV forever garbage

t minus 15 days till i'm broke