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Let me know what the thoughts are on the IBOX. Thanks and don't worry about hurting my feelings.
The initial IBox details primarily were for me to learn how to use the iHub functions they provide. It’s not very user friendly particularly with adding YT videos and snipped images. Kind of makes me feel like I need to brush up on old SQL script in order to make it really pop. It really is a little difficult to use , but could be because I’m a Mac user too.
GMAN looks good. Thanks. I would suggest you somehow incorporate some of the detail of your sticky. Which by the way, I cant see unless I use the Full View. (Not sure if that's for everyone since I'm not a sub.) You have done a good job of extracting the salient points from the links . Shows the base value of AESO which IMO will start at 50 mill from day one. With RCRT cracking 2 and AESO seeing nice volume. Seems we are starting to build a nice base for new highs
This situation is somewhat confusing unless you read through the filings, moreover you have done an outstanding job at dissecting this process. As this merge becomes more transparent investors will come because gains here are not about 10 or 20% but rather much more as the value of the new entity has a previous basis. Also, situation is very unique in the OTC. This is still below the radar but no for much longer. JMHO
Yeah I see it. Looks good. It has a few images that aren't loading but I'm on an old non-updated phone which is probably why. Hopefully somebody else mentions if they see the little green symbols where something isn't showing up
This getting some action???
Someone tell me if you can see the IBOX changes.
I know it doesn’t mean much but I like that ask right now…lol
They gave me a mod spot Fink. Gonna take a crack at the ol’ ibox once I get some time.
$AESO
I just looked in too.
I'm not a chart guy, but I'd love to hear what the charts say after this retrace then back to .03
What day averages say from the boli lines?
WOW, just saw that. Nice strength , decent volume. AESO is so under the radar. When people finally connect the dots ,.....
Thank you and just wait till it gets the following it deserves!!!!
I appreciate that Dcab. I’m simply sharing my interpretation of the available filings and PRs. Hopefully the connections result in a prosperous company for shareholders.
It truly baffles me that $AESO only has 22 followers on Stocktwits and 68 on IHUB. This may be one of the best mergers I’ve ever been part of IMO.
GLTU
$AESO
You are a great asset to this board Gnarlyman. Thanks for the info.
RCRT broke $2 today. Still going strong there.
I’m ready for .03 to become the new support, not the resistance.
The more I dig on this companies potential the more I like it. Miles and Evan have big plans here. Leaving out the potential AURA connection, this other RCRT partnership with Millionways has me intrigued.
https://www.nasdaq.com/press-release/recruiter.com-and-millionways-forge-partnership-to-apply-ai-powered-personality
MillionWays also is under a Purchase LOI with Quantum Computing (QUBT). Their emotionally intelligent AI has tons of applicable uses.
I suspect CognoGroup leadership will figure out a way to leverage it more effectively for HR products.
Miles already mentioned in the Investor presentation video the MillionWays partnership was part of the Spin-out.
JMHO.
$AESO
Nice snag. I still think with this SS anything under .05 is solid
And it makes their short/cover worth while. They had to short strong above .03, now they cover.
Let is chill a few days/week and let it run. Stop it at .03 with air shares and wait for the retail exit.
This is normal for a low float shell. MM keeps the spread very wide. So if you want out, you aren't going to get anything close to the ask. Someone decided to sell 50,000 shares , about $750 worth. Normal fluctuation as we wait for Recruiter.com to move their assets into AESO
It’s a reverse merger shell, it will move as the new company starts building in the business. But, until the deals are done over at RCRT this one will cycle with traders positioning their stack.
I think there are a few traders here playing around their core. No biggie
Think it is poised to move up??
Low volume take down. Seems to be a norm here after decent gains of any kind. Probably a little profit taking mixed in there too from folks that bought under .01
Might be almost go time
No question, just notice the return of volume, still very much under the radar. JMO.
Yes - it's already 0.0229 bid.
Must have been a market order.....
Congrats to the buyer! I wish!
Who sells stock at 0.0132?????????????????
Yes .This group has a network to ramp up quickly.. Recruiter .com was trading in dollars with a similar share structure back a couple of years ago. With the new AI direction , my guess is this will spike soon. I'm sure they have plans waiting to execute once the dust settles. IMO
Can’t wait until they start releasing news here, should rock
I see RCRT$ is looking strong. GOLQ$ is holding in the $.50's. momentum building on this deal I believe. IMO
Agreed. They through a wrench in it but just to makes sure the haircut they will take is tolerable. They will find a way to get a deal done. Just takes more time than we want.
It is my opinion, the slowdown of everything was the slight mistake made regarding the Calvary default.
This would probably be done by now if that had not popped up on them.
Not sure what the resolution was or will be short/long term, but I assume it’s being worked out.
Their creditor Montage originally had 2/28/24 as the JobMobz deal completion date when CognoGroup was added into the loan amendment. I think it’s done by then IMO.
I figure since they added it into the Proxy vote for the RCRT A/S increase to cover the shares issued for the Gologiq deal, that’s the holdup. That vote has not been completed yet and we are all in the dark as to why.
They said it was not necessary in one of the proxy filings to subject the JobMobz deal to a vote, but added it anyway. Which leads me to think if the Gologiq thing takes too long, they’ll go ahead and execute the JobMobz deal and file a new Proxy document.
From what I read in the Montage amendment, the JobMobz deal is required to be done first anyway to allow the Gologiq purchase.
GLTA
$AESO
It's moving in the right direction, only speed bump is Credit, should not be a big deal. This is a great one year plus hold.
My hunch is Miles Jennings and crew need to get creditor approval to sell the domain to Job Mobz. Hopefully this gets cleaned up this month and we start moving forward. Im sure the March 31st date is a date they put out there that is not expected to be a concern. They should be able to close the deal much sooner . IMO
This one is my big bet
Hoping they don’t mess up the SS
Once this deal become whole, a multiple of 5-7+ is the norm.
I'll get more between now and March. We are already making Spring break plans. Chit!
Asset Purchase Agreement
As previously disclosed, on August 16, 2023, Recruiter.com Group, Inc. (the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Job Mobz Inc., a California corporation (“Job Mobz”). Upon the terms and subject to the conditions of the Purchase Agreement, the Company has agreed to sell and assign its right, title, and interest in the domain name www.Recruiter.com and certain related assets generally used to operate the business associated therewith to Job Mobz for an aggregate purchase price of $1,800,000, subject to certain adjustments provided therein, and shares in Job Mobz, a private company.
On December 30, 2023, the Company and Job Mobz entered into an Amendment to the Asset Purchase Agreement (the “Amendment”), which provides that the consummation of the transactions contemplated by the Purchase Agreement shall take place no later than March 31, 2024, or at such other time or place as the parties may mutually agree upon in writing. Except as set forth in the Amendment, all of the other terms and conditions set forth in the Purchase Agreement remains in full force and effect
Market Cap 1,427,655 01/05/2024
Fresh 8k, JobMobz deal continues.
https://www.otcmarkets.com/filing/html?id=17168600&guid=lfJ-kaMEoFRXB3h
Hope its the start of some of the RCRT shareholders wanting a slice of the CognoGroup pie!
Nope! My lucky day!
Only bought 180k today and 20k yesterday between 0.0199-0.021
Thank God I didn’t postpone or bid sat
No Doubt. Hope more than 1 or 2 buyers. bid seems thin
Is that volume all you?
Volume! Wow
Who got their Christmas bonus late??
That would be huge. Split adjusted puts that at about $7. Maybe take some off for the covid rally and say $4. That would work nicely. They have the mgt team to do it, that's for sure. That's what keeps me excited about AESO.
According to Miles the company will be a holding company.
Response from Miles about the general business design of Cognogroup.
| Fri, Sep 1, 2023, 1:31?PM | |||
|
Hi Jeremy,
Thanks for the nice note.
You're right, our plan for the new spinout company is more of a multi-brand holding company rather than a single brand company like Recruiter.com. As I mentioned on the last presentation, we are
concentrating on reducing costs, developing a lighter footprint, and focusing on technology-enabled businesses.
Miles
______________________________________________________
Spin Outs: Based on the Board vote on 2/13/2024 to begin the process of changing the coorporations name from Atlantic Energy - CognoGroup and also apply for a ticker change it is probable the MONTAGE debt arrangements listed in EXHIBIT 10.1 has been satified with the initial $1.5M payment, or will be by June 30, 2024.
Item 8.01. Other Events.
To prepare and effectuate the spin out of Atlantic Energy Solutions, Inc. (currently being renamed CognoGroup), on February 13,, 2024, the Board authorized certain corporate actions, including the transfer of assets and liabilities between subsidiaries of the Company, the renaming of Recruiter.com Recruiting Solutions, LLC (WA SOS) to CognoGroup, LLC, and the reorganization of Recruiter.com Recruiting Solutions, LLC to a subsidiary of Atlantic Energy Solutions, Inc. (CO SOS). Additionally, the Board of Directors authorized that management may take such steps necessary to change the name of Recruiter.com Group, Inc. (NV SOS) to reflect its purpose and a corresponding change to the company’s stock symbol.
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1462223/000165495424001976/rcrt_8k.htm
Also noted in the RCRT Shareholder Update: https://feeds.issuerdirect.com/news-release.html?newsid=8147323872573577
Spin-Out Update - CognoGroup
The Company is continuing its previously announced plans to consolidate its current assets into Atlantic Energy Solutions (OTC:AESO), which is planned to be renamed CognoGroup ("CognoGroup").
CognoGroup is planned to hold several assets and operating businesses, including Mediabistro, a leading job board for the media industry, the partnership with and shares of Job Mobz after the Recruiter.com transaction closes, shares of Futuris, Inc. granted to the Company from the recent sale of its healthcare staffing business, and other assets and ventures centered around artificial intelligence and recruitment technology.
On February 12, 2024, the Company's Board voted unanimously to perform certain administrative actions necessary to prepare for and effectuate the spin-out, including corporate restructuring and renaming.
10.1 Requirements (Montage requirements)
D. The JobMobz Sale, GoLogiq Acquisition, Asset Transfer and Spinoff Transaction are prohibited under the Agreement. Borrowers have requested, and Lender has agreed to, consent to the foregoing transactions in accordance with the terms set forth herein. The parties also desire to join Cognogroup as a Borrower to the Agreement and amend the Agreement in accordance with the terms of this Amendment.
Principal paydown is the $1.5M from Jobmobz.
4. Consent to Other Transactions. Following Lender’s receipt of the Principal Paydown, Lender consents to the Gologiq Acquisition (and the Change in Control resulting therefrom), the Asset Transfer, and the Spinoff Transaction.
https://www.sec.gov/Archives/edgar/data/1462223/000165495423011142/rcrt_ex101.htm
Spin-Out Companies / Partnerships
MediaBistro.com, This is a premier Job board for Media related hiring opportunites worldwide. Founded in the 1999 and sold 3-4 times according to Wikipedia. Parrut, Inc. purchased the MB company in 2021
https://www.mediabistro.com/
https://twitter.com/mediabistro Currently 145.9M followers
https://www.linkedin.com/company/mediabistro/ Currently 14K followers
https://www.facebook.com/mediabistro Currently 61K followers
https://en.wikipedia.org/wiki/Mediabistro_(website)The company was later acquired by Parrut, Inc. In 2021, Mediabistro was purchased by a recruiting solutions platform, for an undisclosed sum.
On March 27, 2024 The final payment for Mediabistro was made to Parrut, Inc in exchange for coverting the remaining balance into RCRT shares. This was announce via the 8k below.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1462223/000165495424004185/rcrt_8k.htm
The Company and Parrut, Inc. agreed to the conversion of the remainder of the Note, in the amount of Two Hundred Forty-Five Thousand Eight Hundred Eighty-Four United States Dollars and Fifty-Three Cents ($245,884.53) into 168,414 shares of the Company's common stock. This conversion represents a conversion price of $1.46 per share. The agreed-upon conversion has been made in full satisfaction of the specified amount of the Note, including accrued interest and penalties to date, with no other amounts due.
Candidate Pitch AI, Uses AI to develop E-Resumes, see video. https://candidatepitch.com/
Millionways, Inc. partnership. (Additonal Revenue sharing potential and equity agreements in article)
https://www.proactiveinvestors.com/companies/news/1018400/recruiter-com-partners-with-millionways-to-bring-ai-powered-personality-evaluation-to-hiring-1018400.html
https://finance.yahoo.com/news/recruiter-com-millionways-forge-partnership-130000728.html
Recruiter.com has agreed to pay millionways a licensing fee based on a revenue-sharing model. Under this agreement, millionways will receive fifty percent of the net revenue that stems from the product sales. Which means $AESO would presumably receive the other 50%
Demo https://millionways.ai/#/
Just prior to this partnership agreement, Millionways entered a LOI to give Quantum Computing, Inc. (NASDAQ: QUBT) Not sure how this affects $RCRT partnership.
https://www.quantumcomputinginc.com/press-releases/quantum-computing-inc-signs-letter-of-intent-to-acquire-privately-held-artificial-intelligence-platform-millionways/
AI Exchange Group (LinkedIn) https://www.linkedin.com/groups/37888
Plans for marketing $AESO products through this group. Per the statements in the Investor presentation video linked above.
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