Wake Setter
Thursday, August 11, 2022 9:24:55 PM
Re: None
Post#
38438
of 38438
PACV webinar highlights & incoming events
After some delay, PACV hosted a 15 minute conference call / webinar for shareholders and potential investors on August 10, 2022.
During this call, the CEO Shannon Masjedi had mentioned a binding LOI with a distribution / fulfilment center in Texas. Combined with the launch of their online retail platform SeaportSteak.com they plan to sell the products they make on a large scale to customers doors with dry ice.
You have to wonder why are they keeping so quiet about this deal. Not even a press release? Maybe this deal is so big some Sysco and US Foods investors will take notice. They started out showing the float was only 58 million and insiders own the rest. CEO said this new expansion of operation would build up revenue to around $100 million with up to 35% margins for the online sales.
The 10Q should be out within the next week or 2 and this expansion is expected to close within 6 months. CEO said during the call, the recent increase of shares was to clean up debt on balance sheet. PACV has a TTM revenue of $45 million and they just started forming the company a few years ago.
The share price has not been very attractive for long term holding and I sure do hope they turn that aspect of the company around. Everything else looks promising.
See below for some slides during the webinar.
https://www.accesswire.com/710569/Pacific-Ven...stern-Time
Thursday, August 11, 2022 9:24:55 PM
Re: None
Post#
38438
of 38438
PACV webinar highlights & incoming events
After some delay, PACV hosted a 15 minute conference call / webinar for shareholders and potential investors on August 10, 2022.
During this call, the CEO Shannon Masjedi had mentioned a binding LOI with a distribution / fulfilment center in Texas. Combined with the launch of their online retail platform SeaportSteak.com they plan to sell the products they make on a large scale to customers doors with dry ice.
You have to wonder why are they keeping so quiet about this deal. Not even a press release? Maybe this deal is so big some Sysco and US Foods investors will take notice. They started out showing the float was only 58 million and insiders own the rest. CEO said this new expansion of operation would build up revenue to around $100 million with up to 35% margins for the online sales.
The 10Q should be out within the next week or 2 and this expansion is expected to close within 6 months. CEO said during the call, the recent increase of shares was to clean up debt on balance sheet. PACV has a TTM revenue of $45 million and they just started forming the company a few years ago.
The share price has not been very attractive for long term holding and I sure do hope they turn that aspect of the company around. Everything else looks promising.
See below for some slides during the webinar.
https://www.accesswire.com/710569/Pacific-Ven...stern-Time
