05AB1E, 16 1515 14 bytes
Code:
'#¡¨vy';¢127%ç'#¡¨ʒ';¢127%ç?
Explanation:
'#¡ # Split on hashtags
¨ # Remove the last element
ʒ # For each element (actually a hacky way, since this is a filter)
';¢ # Count the number of occurences of ';'
127% # Modulo by 127
ç # Convert to char
? # Pop and print without a newline
Uses the 05AB1E-encoding. Try it online!