Shannon Masjedi, a major owner of Pacific Ventures Group, Inc. and PRESIDENT of Pacific Ventures Group, Inc. and a director of the company, has just filed an initial statement of beneficial ownership where 16,864,639 shares of Pacific Ventures Group, Inc. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Masjedi. Masjedi operates out of Los Angeles, CA. Some additional info was provided as follows:
Shares held of record by Shannon Masjedi, Trustee of the ACD Trust.
Series E Preferred Stock has 10-to-1 voting preference where every one share of Series E Preferred Stock is equivalent in votes to ten shares of Common Stock.
The above information was discl osed in a filing to the SEC. To see this filing in its entirety, click here.
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