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So then why put any assets in AESO ? Are you saying AESO can never achieve growth or a MC greater than its current value.? You seem to have sound knowledge of the spin out world. So serious questions. Most of us have shares that were bought when this was a shell. prior to RCRT buying AESO. If someone already owns 500,000 shares of AESO, are you saying these are worthless and never can appreciate no matter what they put into AESO?
The optimal strategy for playing the spinout involves acquiring shares of RCRT on Nasdaq not AESO. This approach ensures retention of RCRT shares (gologic) while also securing shares in Congosgroup, of which RCRT shareholders currently possess 95.5% ownership (1 billion out of 1.047 billion shares) of AESO on a fully diluted basis.
RCRT shareholders maintain full ownership of all assets involved in the play, while AESO contributes absolutely nothing. Giving current AESO shareholders a 4.5% ownership (maximum) stake in Congosgroup AESO seems very favorable if that actually occurs. The question arises: is a 4.5% ownership in Cognosgroup/AESO justifiably valued at a $1.2 million market capitalization? This valuation implies a total company worth of $27 million.
Considering that RCRT shareholders already possess 95.5% ownership of AESO, and given that RCRT shareholders own all the assets and have a current market capitalization of $4.8 million on Nasdaq, one must assess which shares are undervalued: RCRT shares or AESO shares? The answer should be pretty obvious.
On July 25, 2023, Synergy Management Group, LLC, a former shareholder of the Company’s the Series A Preferred Stock, signed a security purchase agreement with Recruiter.com Group, Inc. to sell the controlling interest in the company through 1,000,000 shares of the Series A Preferred Stock of the Company for cash consideration of $80,000. The Series A Preferred shares are convertible at 1 share of Series A Preferred Stock into 1,000 common shares of the Company.
https://www.otcmarkets.com/otcapi/company/financial-report/403041/content
AESO holds no inherent value for RCRT shareholders beyond being a repository for their assets. Currently, the market capitalization of AESO's common stock stands at $1.2 million, a remarkable 32 times higher than the implied value at the time of RCRT shareholders' investment in the company.
Pure wisdom.
We are just a shell with massive potential to have potential.
Like Igpk, it's shit till they put in that $1.5B worth of company assests. It takes time to see the process to the end.
Load and hold.,
Personally I think investors are waiting for the addition of revenue producing assets into the shell. Once there is more transparency the pps will reflect the true value here. JMHO
Yeah I think its just a case of confirmation. Once we see some docs filed and a PR , this will move. So now its accumulate as you can while its low. BUT, wait to long and the train will leave the station and you will pay much higher.
As far as I’m concerned this should be sitting at a dime with what is known. Since I was reminded about the rule change requiring FINRA approval prior to SOS updates, the name and ticker change could strike at any time. It’s been pretty quiet on all tickers involved, RCRT, AESO and even GOLQ. I find that intriguing.
$AESO
Ha Ha! I do the same with my TRRI dead pharma play.
450k float with a .10 x .25+ spread.
It my biggest hold behind AESO
I like to paint it up on a Friday to watch my account explode green over the weekends.
But all I do is really BID sit in there for more.
You have to slap AESO to get more.,
Good to see the bid rising and not getting hit and the Ask staying firm. Could be nothing but nice change from the pat few months.
I grabbed those 5K just to see what my line would look like. Pretty nice.
Doesn't take much love to run this up
T+1 keeping vapor Today?
Too risky to naked short?
Anyway, my best mover today. Put my account big time green with all the shit I hold.
Seems to be shares available at .016 today, gobbled my order right away.
Great job! Excited about this stock $AESO looking for ticker change and potential uplist to OTCQB soon-ish
Was referring to the post saying “done deal”.
I got your message.
Happy Memorial Day Weekend $AESO!
I made a sticky out of the IBOX, since most folks use their phones during the day. I can't see the IBox DD unless I'm on my laptop.
This will also make it easier to share if desired.
Atlantic Energy Solution INC. Ticker Symbol $AESO
https://investorshub.advfn.com/a9623b00-3903-4d39-965a-bea802799522">
$AESO is a former SYNERGY Management Shell sold to Recruiter.com (NASDAQ:RCRT) on August 23th, 2023 in a deal between Ben Berry and Miles Jennings (CEO: RCRT).
https://www.otcmarkets.com/otcapi/company/financial-report/380061/content
Recruiter.com purchased the $AESO shell in order to Spin-Out of certain Recruiter.com assets in to a newly formed company called COGNOGROUP.
According to Miles the company will be a holding company.
https://www.cognogroup.com/
Response from Miles about the general business design of Cognogroup.
Miles Jennings <milesjennings@gmail.com>
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.
Best,
Miles
______________________________________________________
Current Website of CognoGroup
https://www.cognogroup.com/
YouTube Video: Original Introduction of CognoGroup, Inc starts in this RCRT Investor presentation@ 16:48 found here. (If IHUB doesn't redirect to YouTube copy & paste it into a browser)
https://youtu.be/t7cWD_lmmoY?si=Auyxl2d4RGPkRDQ1
The Reverse Merger with Gologiq is replaced with an exclusive Technology Licensing agreement for 10 Years as of February 23,2024
On February 23, 2024, the Company entered into a certain Technology License and Commercialization Agreement with GoLogiq, Inc. (the “GOLQ Licensing Agreement”) that supersedes and replaces in its entirety the GOLQ Agreement, as amended by the August 29 Amendment and the August 18 Amendment. Under the GOLQ Licensing Agreement, GOLQ grants the Company a worldwide, exclusive license (the “GOLQ License”) to the Company to develop its fintech technology (the “GOLQ Technology”) and sell products derived thereof, including its Createapp, Paylogiq, Gologiq, and Radix AI technology and products (the “Licensed Products”), for a term of 10 years, with automatic two (2) year renewals as further described therein (the “Term”). In exchange with such license, the Company will issue to GOLQ such number of shares of Company common stock that represents 19.99% of the number of issued and outstanding shares of the Company common stock on the business day prior to the effective date as defined therein (the “Shares”). Following the issuance of the Shares, GOLQ will own 16.66% of the issued and outstanding shares of the Company common stock. In addition, the Company shall pay to GOLQ a royalty of eight percent (8%) of net sales of Licensed Products, as defined therein, during the Term. Further, GOLQ grants to the Company the option to purchase the GOLQ Technology and the Licensed Products for a purchase price of $400,000 for the duration of the Term, subject to shareholder approval if required under applicable laws and regulations at the time of notice of exercise.
Royalty was reduced to 5% per an 8K amendment.
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1462223/000165495424002141/rcrt_8k.htm
In addition to the licensing agreement between $GOLQ & $RCRT these other deals have been made along the way with 2 other companies JobMobz and Futuris ($FTRS)
1st: JobMobz is a Recruiting RPO form based in California founded by Jesse Tinsley (very active on LinkedIn) He is currently listed as the CEO of Recruiter.com.
https://www.linkedin.com/company/job-mobz/about/
https://www.linkedin.com/in/jessetinsley/
Current Deal with $RCRT to purchase certain Assets of Recruiter.com contained in this link. No changes have been made publically to the deal publically that I have found. Details can also be found in the 8K filing specifically Exhibit 2.1.
https://finance.yahoo.com/news/job-mobz-acquire-iconic-recruiter-120000029.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAF0vJn7XvwLjXIiT1XPVITfbBHG-fP0PMNPJQuioN1zT31rXDB2F1z2wdSD0vcrZ54u97a9DOW4qM91b5Nt3v0Kr2Qg3VT7NN6ifEg8IhP1ftqFAGvKFgbSb52H56659U9F2CKr22eN6TVo8bSoQN18U5FJEyGGrpen3L14Nko8z
https://recruitingdaily.com/news/job-mobzs-acquisition-of-recruiter-com-claims-to-redefine-the-realm-of-recruitment/
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001462223/000165495423011142/rcrt_8k.htm
Basics of the Sale of the Recruiter.com assets to JobMobz result in the following for $AESO
$1.5M in cash at closing; (Presumably paid due to Montage allowance to begin spin-out of RCRT Assets to $AESO as of 2/13/2024 Board meeting)
An additional $250K payable by June 30, 2024 Per latest 8K https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1462223/000165495424002949/rcrt_8k.htm
A 3-year services agreement;
Shares comprising ten percent (10%) of Job Mobz, a private California corporation that forecasts 2024 revenue in excess of $50 million with net profit margins of approximately 15-20%;
Quarterly profit sharing expected to begin in Q1 2024
Jesse Tinsley increase his revenue projection for Jobmobz in a tweet on X to $100M annual revenue. According to tweets by Jesse, JobMobz intends to purchase 6 more companies by end of 2024.
https://x.com/JesseTinsley/status/1692341724872618066?s=20
2nd: Futuris (OTC:$FTRS) is a Healthcare and IT Staffing company based out of Rockville,Maryland.
https://www.otcmarkets.com/stock/FTRS/profile
https://www.futuris.company/
$RCRT sold a healthcare staffing business and certain client contracts to a Futuris subsidiary called Insigma for the following based on $RCRT 10-Q.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001462223/000165495423014620/rcrt_10q.htm
As consideration for the assets sold, and upon completion of the assignment of certain acquired assets to Insigma, Insigma would issue to the Company a number of shares of common stock of FTRS equal to $500,000 based on the 30 day volume weighted average price preceding the closing date, as defined. The Insigma Agreement also provides for the payment of up to $2,000,000 of additional cash consideration as an earnout payment to the Company, which shall be payable in monthly installments beginning 30 days from the closing date and based on the Gross Margin (as defined in the Insigma Agreement) generated by the acquired assets. On October 2, 2023 the Company and Insigma finalized the transfer based on the Closing Date (as defined in the Insigma Agreement). On October 5, 2023 the Company received 9,518,605 shares of common stock of FTRS. The shares were Valued at $634,605 based on the October 2, 2023, stock price of $0.0667.
Note: I am inclined to think this deal was made (sort of prompted) between $FTRS and $RCRT in connection with the $AESO shell purchase. Synergy Management previously sold the $FTRS shell to their current management. This is just a hunch, but since $AESO was also a Synergy shell it is plausible a connect was made there somewhere.
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/
https://youtu.be/nJJIdqug0HM
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%
https://millionways.me/#/en
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.
__________________________________________________________-
Other EXTREMELY Speculative Connections:
Evan Sohn is the current CEO of AURA and also a director for $AESO. He resigned as Chairman of the Board of $RCRT in April 2024. https://www.linkedin.com/in/evansohn/
AURA recently was spun-out on May 20, 2024 from Bain & Company and became its own entity. https://www.getaura.ai/
https://twitter.com/AuraGlobal_
https://www.linkedin.com/company/auraintel/about/
https://www.newswire.com/news/aura-intelligence-becomes-an-independent-powerhouse-in-workforce-22334148
Check out their new launch video.
https://youtu.be/QD5ZYRSiFpo?si=ekasIAqr77w4DU7t ;
Evan / Miles and Jesse Tinsley (JobMobz / Recruiter.com CEO) did a seminar for AURA.
https://info.getaura.ai/ty-page-video-decembers-navigating-the-employment-landscape-strategies-for-2024
Wallace Ruiz is the current CFO of INUVO (NYSE: $INUV), Interesting potential tool is access to $INUV's patented AI software solution called IntentKey. Also listed as a director of $AESO in the Supplemental change of control document as well as a Board Member of $RCRT. Good connection for ad/marketing for $AESO later too.
https://www.otcmarkets.com/otcapi/company/financial-report/380061/content
If anyone has anything they would like to add feel free to send me a public or private message.
Gnarlyman
I said it was speculative, so I wouldn't get out ahead of my skis on it. However, given the connection to Evan, I’d be happy if AURA at minimum signs a deal of sorts with CognoGroup. The more revenue streams the better.
At the very least collaborating on data sharing to keep the AI algos up to date would be a net benny to both companies.
Then there is Millionways, application of emotion mapping into the analytics could provide additional metrics to extrapolate for broadening their customer base further.
All IMO of course. Definitely made it easier to continue holding long at least.
$AESO
I don’t want us to over expect and then it ends up looking like they under delivered.
It’s not a deal and it will be a surprise of epic proportions if AURA is part of components moving into AESO…
AURA looking like a big deal on its own.
So let’s stay surprised and not disappointed if it doesn’t happen…lol
They spin out this Co in May of 2024 and Evan Aura's CEO is associated with AESO. My thought is this is a done deal, adding Aura to Aeso shell makes perfect sense.
https://www.newswire.com/news/aura-intelligence-becomes-an-independent-powerhouse-in-workforce-22334148
I actually forgot about new rules that works better because we know they’re good if they start messing with SOS
New FIRA rules over symbol name changes.
It has to be done with FINRA fist to clear OTC then the SOS.
They screw with the SOS first can cause a hiccup.,
And thanks. I just relised it's a 3 day weekend.
Well Fink, a couple of things have happened technically.
MediaBistro no longer has any debt leveraged against it by Parrut, Inc as of April. They used RCRT shares to pay the remaining purchase price a conversion.
Also, they have pretty much given the Brand to Jesse Tinsley. So much so he already changed the website link on his X acct. it no longer sends you to. JobMobz.
The CognoGroup web page keeps cycling from on/off, my assumption there is they are working on a new website for CG and it goes on and off when they test. Just a guess.
I’ll admit it’s annoying they voted on name and symbol change in Feb, but nothing is new at CO SOS.
I agree though the slapping will begin once there are better signals.
Have a good weekend, Happy Memorial Day.
At this juncture, I want the symbol/name.
Even a hint the application is in.
Sorry if it's been discussed recently. Those used to be like clock work. 90 days, so when and if the clock has started on that.
Why put in assests under the AESO flag.
Give me a hint of the change happening soon, and I'll turn up the ask slappage.
My over all average is so good, I hate slapping scoring on either side of the spread.
Averaging down is like falling off a floating log.
Averaging up during a quiet period is so unatural. Like actually investing.,
That is probably something I should add to the Ibox as well. I don’t think I put the current Security detail there. I’ll get to it later, but soon.
Yup…I actually have noticed breakout appearance is meaningless..lots of those on those boards are “longs” and probably one weekend hold is the definition for them…lol
We might be a little early to be discovered... most of that breakout board crowd has the staying power of a jackrabbit... this is a reverse merger stock and they take time, however the potential is undoubtedly outstanding....
The perfect storm here, an AI company with an 47.5 million OS and 37.5 million float trading in the otc.
Seems to be, time will tell. $AESO
Lots of potential here
I made some changes to the IBOX. Added the Aura details at the bottom in the speculative connections zone. I also changed the MediaBistro section to show the Parrut, Inc payoff 8k clearing the way for them to spin-out MB to Cognogroup without any interference from Parrut.
Check it out when you feel like it.
Yep need eyes on this. I’m excited for what’s coming here! Revenue generating assets day 1. $AESO
Only 67 followers on the IH $AESO board.
And only 25 at Stocktwits. Very few eyes here.
Someday attention will come to what they are building into CognoGroup.
Hell yeah. Let’s get this thing on the map lol
Funny to see AESO on the breakout boards
That shit ends Wed. T+1 goes into effect. Or it will cut it down.
It’s so obvious it’s becoming comical ..lol
Being held down for sure. Good stuff is coming to $AESO
Funny how the use their Vapor shares at 0.02 every time some good buyings show up
True. The wife's paycheck comes out of SFO so is every other pharma person I know.
Good buying activity today. I’m hoping Evan’s Aura company and that Millionways company come in - or at least key partnerships are announced
Miles has interviewed some other AI companies too. There’s a compliance AI company - that strikes me as gold if Miles brings that in. Any government (federal, state, county, city) contractor is subject to serious audits and fines if they are out of compliance.
It seemed pertinent to ask this question on the Stocktwits RCRT board.
https://stocktwits.com/Gnarlyman/message/574068506
That a great grab. If they want to sell them here, but all that you can. Im maxed out or I would be a few 100 thousand more.
That is an interesting association between the the two Co.
Those .015's were an easy grab.... seems to be a bunch available
Bay Area is capital of tech , New England is finance hot spot. Also lots of big employers have presences in those two regions
This may be another reach, but has anyone else wondered why CognoGroup on LI is locationally listed in San Francisco? I know SF is a big place, but CG headship is in CT (Miles) and NY/NJ (Evan).
https://www.linkedin.com/company/cognogroup/
And so is Aura Intelligence, Inc.
https://www.linkedin.com/company/auraintel/
I also never notice that this webinar was sponsored by AURA.
Check out our players pimping employment landscapes challenges for Them.
https://embed.streamyard.com/7sx6rgp77ibm
If they can build an ATS component they could dethrone Workday which everyone hates
You just described what AURA is designed to do. All in one place.
There is also a boatload of money to made updating company’s whole software platforms to AI. I’ve hired for companies that are so far behind updating them to the early 2000s would be a miracle.
It’s just not recruiting, it’s Human Resources , human capital management, career management , market insights, even adjacent departments like employer marketing and branding, payroll, benefits, learning and training, etc
I don’t disagree with that, I was just saying Miles had a head start in the space and could
Have done the same with ease from what I can tell. Especially with Evan’s connections to capital investments. His Sohn Conference has been going nearly 35 yrs and brings in all kinds of startups and venture capital investors. It’s like an auction block for new businesses.
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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