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Will they let you do a limit buy below the BID or between the spread?
That's really where our money needs to be now.
Why slap?
Nice snags. I'm trying below .01. What's interesting, Fidelity will let me enter an order at the bid, but wont let me hit the ask. Im curious if my order would get filled on the bid. Maybe a small work around.
I need to open and etrade account.
Nice eye.
I got 50k of those .0085 when they poped up on the Ask.
That was a big help from my .0295-.0225s
I'm getting there. It just takes time. And it looks like we got time. Or not?
You never know what is about to drop.
I love this game of second guessing.,
I had bids below .01 for 2 days with no hits. Had to slap when I saw the .01 pop up. I’m good with it. Good luck
Nice timing.
I got 7.5k yesterday @ .014
I want a crack at .00s
Went ahead and opened an ETrade acct. got 55K more.
GLTA
$AESO
I sent BB the email address for Miles as well. Maybe he’ll figure out what’s going on.
I asked BB. He is a shareholder but was not aware of the Vote. Stock price isn't reacting negatively but not to positive either. Same with GOLQ. My hunch is the vote was delayed due to the Pre 14a that keeps getting submitted.
I also sent an email to Miles to see when they will file the past due qtrly for AESO
Anyone know if there was a vote today as planned? And if so, how it went?
Tried to call Schwab today to buy but they say I could only sell. I’m tired of the BS
Anyone a shareholder of RCRT? do you have access to the vote at 11? Should be a formality but I'm curious how this is presented
I think it is just to keep shareholders informed. Chart on page 52 is interesting.
Spin-off of the Company’s legacy business
The operating assets and liabilities to be included in the spin-off of the Company’s legacy business include:
Cash and cash equivalents
$296,263
Other current assets
$2,370,366
Property and equipment
$42,568
Intangible assets, net
$1,623,300
Accounts payable and accrued liabilities
$9,554,841
Charge to additional paid-in capital
$5,222,344
I noticed this in the latest filing. Is this New?
The Company will receive shares or a to-be created class of Job Mobz Series A Preferred Stock at the closing of the Job Mobz Agreement. The Series A Preferred Stock will be convertible into, and will vote on an asconverted basis, 10% of the fully diluted common stock of Job Mobz. The Company plans to transfer these and all other assets currently held by the Company to its newly acquired subsidiary, Atlantic Energy Solutions, Inc. ("AESO"), a shell company quoted on the OTC Markets, and to distribute the shares of such subsidiary to the shareholders of the Company as of the record date of such transaction. GoLogiq will not participate in the distribution of the Job Mobz shares as a result of its acquisition of Company stock. AESO currently has approximately 47.6 million common shares outstanding, and 1 million shares of Series A Preferred Stock outstanding, all of which are held by the Company. Each share of Series A Preferred Stock is convertible at the option of the holder into 1,000 shares of common stock, and votes on an as-converted basis. As a result, the Company is able to unilaterally control the election of AESO’s board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of AESO. The Company plans to distribute substantially all of the AESO shares to the Company’s shareholders, but the exact number of shares to be distributed, or spun-off, remains subject to board approval.
Anyone know why RCRT keeps posting Pre14 A even though they already filed a Def 14A. Is this just a formality?
If I could find the post Jesse Tinsley made earlier stating JobMobz was projecting $100M in Revs I will post it here. That should be a nice revenue share. I’d really like to know the terms of the services agreement too. One day it may be revealed.
I watched the video below of his interview and he said JobMobz has nearly 300 employees, but you wouldn’t know by looking at LinkedIn because the recruiters are assigned a LinkedIn acct for whoever the current client they are assigned to at the time. Pretty interesting way those RPOs camouflage themselves as internal employees so candidates don’t think they’re working with an outside recruiter.
https://www.linkedin.com/posts/jessetinsley_jesse-tinsley-former-recruiter-at-23andme-activity-7135435323823558656-T1DF?utm_source=share&utm_medium=member_ios
Great Recap Gman. This should be stickied so people don't have to keep asking the same questions
Ok, well here is the gist of the importance of the proxy vote RCRT is performing as it relates to AESO/CognoGroup.
RCRT has a debt arrangement with a company called Montage Capital.
The proxy is required to enlarge the A/S in order to cover the shares being issued to a Fintech company RCRT is buying called Gologiq $GOLQ. Concurrently, they are selling some of the Recruiter.com assets to another recruiting agency called JobMobz.
Montage requires these things to be completed before the remaining pieces of RCRT can be spun-out into AESO. Mainly the JobMobz payment of $1.5M toward the RCRT debts they own.
Based on my interpretation of limited emails I have had with Miles Jennings, AESO is going to be a Holding company for the assets being separated from the original NASDAQ RCRT shell.
Here is a list of things I expect them to absorb into CognoGroup based on the investor presentation on YouTube and contained in the filings.
JobMobz
The acquisition agreement features:
$1.5M in cash at closing;
An additional $250K payable within 90 days from closing;
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; and a 3-year services agreement.
https://finance.yahoo.com/news/job-mobz-acquire-iconic-recruiter-120000029.html
—————————-
Futuris (Holdings for sale of HeathCare Contracts) subsidiary Insigma/Akvarr.
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.
———————————————
Gologiq- (probable outcome)
80% of the RCRT shell may be held by CognoGroup until Gologiq Fintech subsidiaries meet required revenue targets. Holding will decrease if gates are met within timeframes until Gologiq owns 90% of OS. Leaving AESO with 10% stake share holding.
——————————————-
Expected Rev generating SpinOuts
MediaBistro (upgrading tools/solution to Web3 AR/VR gaming platform) in addition to recruiting solutions.
https://www.mediabistro.com/
CandidatePitch (AI)
https://www.candidatepitch.com/
Recruiting Classes
https://www.recruitingclasses.com/
Artificial Intelligence exchange
https://www.linkedin.com/groups/37888
And
Unknown what deals/ partnerships with MillionWays or WorkTech are in the works, plus who knows what else.
Lastly, I also think there is something brewing with AURA. But this is only an opinion sin Evan Sohn is that companies CEO. He is an AESO director.
https://www.getaura.ai/
You chose what you think, but this is what I feel is coming to AESO in 2024.
GLTU
If it happens Dec 12th and has something to do with AESO then Yes !!!
RCRT has its Proxy vote on Dec 12th. Is that what you’re asking about?
I thought we were supposed to have something happen on the 12th ???
Rcrt does look strong.
RCRT is on the move. hitting 1.70 with volume. Should mean the deals are set to close. IMO
Thanks. Doubt Ill get any meaningful shares but lets see. I think its pure games right now until we get close to the vote or he drops the qtrl.
Fidelity let me put in an order for 200,000 shares at.006. Lets see if I get hit
I've been able to kick my average in the nuts.
If the Ask gets crazy low again, I'll slap for more.
Bid sitting is dangerous to get one of these sub $10 paint jobs. I bet MMs love to screw us retail like this. Create anger to get a guy to slap the ask.
For what it’s worth, on Stocktwits AESO only has 23 watchers, but RCRT has nearly 1700.
Once those folks realize the real value is in CognoGroup, Inc this will get interesting in a jiffy.
And that’s with just the things that are known. I figure there is a ton of solid unknowns on the way.
JMHO, GLTA
I’m annoyed, but expecting it to be worth the wait. Wish I had an ETrade account right about now.
GLTU
$10 kick down has be $2k in the red today. LOL
Yes, you must call it in.
Seems there are tons of shares available @.0085
And RCRT has been strong last few days so we know the deal isn't dead. Over $1.50 now
I know. I cant buy . Schwab wont let buy. Same with fidelity. Probably need to call them to get a trade executed.
Great day to lower my average.
Finally worked it below .02
Feeling much better.
E-trade being a champ
They are doing this shit on purpose. Jennings is keeping this from Pink to drive shareholders out and then scoop up cheap shares prior to the vote
@ $260 a day ain't gonna move this boat much. That's my level of play. I got a good $250 left in my dry powder.
Maybe get some to average down my .024s
I think it's time.
Under a $500k market cap too.
Maybe, hope they lock it up tight.
Its almost as if they are keeping it in yield to walk this down. New owners looking to buy up some cheap float?
I've been in and out over the years with the shell story unfolding.
I've been adding. Trying to get my average below .02 and wait for .2555 to get punched out one morning without any warning.,
There has been hardly any volume.....
Has anyone here been able to flip this on the big swings ?
this will get played with until we get some firm news.
I was wondering about that 701 number. Odd amount.
That or the MM playing with it since its Yield and hard to buy now. Who sells 701 shares at the open at .0025? Just MM playing games to get people to sell shares. IMO
This is getting hit hard today. Tax selling?
I agree with all that stuff. Maybe the periodic being due at CO SOS will jump start their filing obligations for AESO. But probably not since it isn’t due until end of February.
I agree with the GOLQ deal is the key, but no need to allow AESO to lapse and potentially into EM. Cost a lot less to keep it current. If the deal goes through and then you have to hope the OTC quickly brings AESO back to Pink? to Risky.
The proxy vote in RCTR is what I was waiting on too. No rush to do anything but BID sit
Dec 12th? Kind of out of everyone's hands now.
I don’t know. Try emailing him if you like. He responds pretty quick. I’m trying not to be too bothersome while they get this all done. Here is his email.
milesjennings@gmail.com
The way I see it, the GOLQ deal must be done by Feb 13, 2024 to retain their $RCRT Nasdaq listing. That is what GOLQ is after in the 1st place and where the stock holder equity is supposed to come from to meet the NAS requirement they currently lack.
8K explains my theory.
https://www.otcmarkets.com/filing/html?id=17027113&guid=FsJ-keIQNuhudth
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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