Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good point, when would that decision be announced?
You have appreciate how many shares will be added to this existing O/S to take care of existing RCRT shareholders…market likes clarity before movement.
I remember LEAS being this stagnant last year awaiting its SPAC merger and only started to move last month after clarity
Exactly Doesn't make sense but here we are. Its the OTC and people need to see confirmation of the transition.
Let’s just assume this one Co rev are $ 6 million, if the OS is approx $47.5 million with no mulitples puts the pps at .12 with simple math. JMHO.
About what I've found. I see it in the $4-10 mill range. When added to everything else that will be in AESO, to me your looking at revs in the $20+ mill. And I'm sure more AI prospects. Unless I'm missing something or these guys pull a crazy Ivan. It should have a nice move up.
Right. I think they said first part of March, so that would be about right. of course things can slide. Until we get Miles talking about AESO/Cognogroup and PR 's, we will sit idle I think. No visibility right now and not enough people looking to take a position. Which kind of surprises me to be honest. to many good things coming. But sometimes it takes time for people to find and see the value.
Recruiter.com bought MediaBistro from Parrut.inc, you can find that in the RCRt filings. But it’s on wiki too.
https://en.m.wikipedia.org/wiki/Mediabistro_(website)
MediaBistro has been sold a couple times in its history from my DD. recruiter.com currently owns it, I think they bought it from 2 owners ago if I remember correctly.
https://www.mediabistro.com/
Still does good revs I think. Based on RCRT Quarterly reports I’m pretty sure that’s where most of their income is currently from. Anywhere from $2-10M annually. That’s just an estimate. I will dig into it more.
Is this the Co?
Jupitermedia: In its 10-Q, the stock photo and online media company, says its MediaBistro unit did revenue of $2.3 million in the latest quarter, and $4.4 million in the first half. Based on the $5 million in revenue the company did in the second half of last year, the unit now has trailing revenue of $9.4 million.
JobMobz deal should be final next week. $1.8M in revenue for $AESO right out of the gate. 10% of JobMobz shares, additional revs from Service agreements. This update was packed with goodies IMO.
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.
Agreed. Until we have volume they will play.
The level of manipulation here…as soon as I slapped the ask the 0.016 shares not only disappeared without completely filling my order…my partial is being hidden.
So where did all the big ask at 0.016 suddenly go…hahaha. Crooks
FWIW $GOLQ posted the same 8K basically yesterday with the licensing agreements.
https://www.otcmarkets.com/filing/html?id=17321383&guid=Zod-kWAqNviqJth
Yup…I spent hours on how RCRT came by…this is a replica except this is easier since we have a track record to rely on
Definitely in the works but you could have reminded him
Anyone know why YT links don’t show up on mobile?
Just for fun I’m linking this video since Hunter Gaylor is GOLQ’s COO and Millionways has a partnership with $RCRT which was part of the original spin-out to AESO per the video investor presentation.
I mentioned before QUBT had an LOI to buy Millionways, but this video has a lot of interesting info as to why.
However small the connection may be, I’m always gonna share stuff. Hopefully the video link is visible. You can search Markets Hunter to find him if the links below don’t work.
I’m not taking credit, it was probably in the works since they have to validate whether the Registered agent is onboard.
I agree with Tre, it was in queue and probably a funny coincidence.
I agree with Dcab, I’m willing to wait a long time for this develop.
If past performance is good indication of future behavior when evaluating our CEO than investors having nothing to worry about concerning AESO. I am very comfortable just to sit and wait for further developments on this stock. JMHO
You have to take some credit there me think for reminding him.
Good job
Nice, he must of had it in process don't you think? These guys are sharp and they know OTC and NASDQ as well as anyone. They know how to quickly navigate.
Funny thing, I sent him an email yesterday 2/28 at 8:26 am eastern about the periodic and the filing logged at 8:42.
I asked Miles yesterday about the CO SOS report and he delivered. He is on top of things IMO.
Expecting more there for the Name change and Articles.
https://coloradosos.gov/biz/ViewImage.do?masterFileId=20218241678&fileId=20241247973
Me too! Kicking myself for buying those 2s last week!
I wish Fink. I bought to many above .02 and Im maxed out for shares even at this level. Thought about a stink bid in the .00, but doubt it will get there. I got a fwe .015 yesterday
Yup
They have more.....
I just took out the 65k and they reloaded it
Has the money volume even kissed $400 today
We all should have no higher average as .015 by now.
I'll get some more next week myself. Or two?
Has the money volume even kissed $400 today
We all should have no higher average as .015 by now.
I'll get some more next week. Or two?
Looks like the 3 cent sellers are now at .015 sellers as the size they are showing is 55,000 and 10,000 shares.
Unless they have a crap load and always show those sizes....
I have not discussed this with him. Those dates are pretty arbitrary. I’ve seen companies exceed it plenty of times and then just do the same paperwork to get it current again and boom the state just does it.
I’m assuming they care working on it since they just mentioned the name change, which is required at SOS first, before FINRA action. They’ll probably do they together if I had to guess.
Have you by chance mentioned to Miles the filing requirement they have in Colorado? I think its due Thursday.
Make sense. Its probably easier to operate in the OTC, only issue is getting investors, VC money.
Personally I don’t think they want Nasdaq. If that was the case they could just build out the Shell they already have?
I think longterm they are after a buyout of whatever Holdings they build into $AESO. Some big capital firm would be likely to buy all the assets at once if they do it correctly and if it has exceptional value w/growth potential.
IMO
OTC is tough market overall. Ive said before, this will move from outside buying pressure, not OTC money. If you promoted it on Rigs or some of the other solid boards, X, maybe get a little push but this will move once we get the transition settled and we know what assets we have, income , etc. that will take some time.
Im not to worried about the name change, these guys will have it done quickly. This isnt BABL. Like you said , this is a replay of what they did a few years ago. I do expect them to uplist to QB immediately, not sure if they want NASDQ but if they do , they can make it happen.
Interestingly, that didn’t use to be the case but OTC has been awful the past year with name changes.
I was looking back to when RCRT was pink and merged into TRLI in April 2019…within a month name changed to RCRT and a week later got up-listed to OTCQB and within 1 year NASDAQ!
When things eventually start to happen they will happen quickly!
This is literally history repeating itself with these guys! They have been there and done that so they know what to do except this time AESO already has assets to absorb right off the gate!
I can’t believe how this is down here even with the incredible news today.
But that’s why only few win in the market…very few recognize opportunities.
I have learnt in this market…if it’s too straightforward…run! The good ones require serious patience and waiting!
Yep and there has to be a good reason they decided to move in a new direction. I can only assume they see a better opportunity to prosper as a holding company.
Let’s estimate JobMobz is currently valued at 100M as Jesse said. 10% equity stake is pretty nice for AESO plus profit sharing and getting paid for the services agreement. Could be 3x-5x better in 2-3 yrs.
This completely independent from the other ventures.
IMO
RCRT had a MC of 120 million on March of 2022. Share price was $8 and they were doing $25 million/yr in sales. Evan Sohn and Miles know how to build sales quick
No need to hit the ask now. just let this seller come to you. . Seems the exit price is .015
Funny how someone is painting the bid to scare people. I think with this deal, it will be non OTC buyers that will move the share price. Once they get things moved over, Miles and Evan will promote this new group and the share price move up. They are to well connected not to have this people invest in them. IMO
Right, he just confirmed CognoGroup will be the holding company for all the assets they are receiving from the assets sales and other ventures. Looks good to me.
Wonder when the price will start reflecting the value. I expected a drop since name changes and such take time, but going back to dubs possibly seems a bit ridiculous. I need to scrounge some more powder for it.
I was expecting to see other RCRT to come in and prop it up a bit more. Possible delayed reaction to the news.
Guess we will see.
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.
No doubt about that now.
I have been on watch for them to do so. We will see what they say probably sooner or later.
$AESO
Nice. Seems things are developing quickly. Strange though that Gologiq hasn't issued an 8K. They are SEC reporting so Im curious how they would represent the new deal.
Here is a big piece of this 8K I think directly affects CognoGroup.
By this Affiliate definition in the GOLQ/RCRT Licensing agreement, I’m pretty sure $AESO is the Affiliate being described. Particularly since they don’t appear to have any others that I can find.
1.3 “Affiliate” means any corporation, firm, partnership or other entity which directly or indirectly controls or is controlled by or is under common control with a Party to this Agreement. For purposes of this definition, “control” means ownership, directly or through one or more Affiliates, of (a) fifty percent (50%) or more of the shares of stock entitled to vote for the election of directors, in the case of a corporation, (b) fifty percent (50%) or more of the equity interests in the case of any other type of legal entity, status as a general partner in any partnership, or (c) any other arrangement whereby a Party controls or has the right to control the Board of Directors or equivalent governing body of a corporation or other entity.
————————————————————
And here is why it matters: as RCRTs affiliate $AESO would be required to abide by payment requirements of the licensing agreement.
5.2 Payment Dates and Reports. Payments under Section 5.1.2 shall be paid by RCRT within forty-five (45) days after the end of each Fiscal Quarter in which such Net Sales and/or Sublicensing Income are made and payments to RCRT are owed hereunder. Each such payment shall be accompanied by a report showing the Net Sales of each Licensed Product Sold by RCRT or an Affiliate of RCRT, in each country, the applicable royalty rate for such Licensed Product, and a calculation of the amount of royalty, plus all Sublicensing Income received by RCRT or an Affiliate of RCRT, the applicable rate and amount paid to RCRT and its Affiliates therefor.
I wonder if we will be able to see insider buying.
They've had their opportunity many months ago. Time is running out for them to snag a stack.
You'd think .03 is too high for them to take the risk to be pushing it any higher. It's those Recruiter shareholders I'm blown away with. Aeso is an easy double.
We're all in the same boat today. BID sit and pray the Ask comes down.
I just looked at my tax lots and only have 36k above .0225. Only 2k @.03 My average is kick ass with a hair above .015, I should be slapping the 3s without fear. My average can easily afford it and stay below .02 I could easily slap a few 100k at 3 and still be cream pink low.
I didn't relise just how many .0085 I had.
What I gathered from the 8K and deal change is they need to boost the Shareholder equity because NAS turds didn’t like how close they were to the 2.5M mark. The licensing agreement adds to their SE total, by probably double or more according to them.
And also NAS required a shareholder meeting which they plan to clear off internally with the selection of the Auditor.
I agree it would be easier just to hold the meeting, but I like that the share structure is not changing for RCRT.
I don’t think any of this prolongs the AESO developments though.
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.
__________________________________________________________-
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |