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That was me
I didn’t notice the specific details of their new Aquisition being a software company. Maybe they closed on Recruiter.com earlier based on this other tweet on X.
HRTecn News: Job Mobz appoints industry veteran Matt Charney @mattcharney as Editor-in-Chief, post-acquisition of Recruiterdotcom.
— DHRmap (@DHRmapcom) February 15, 2024
The move signifies a strategic reinvestment in @RecruiterDotCom , aiming to establish it as an independent, high-quality content platform for… pic.twitter.com/6i55mjDXgV
Thanks, not part of the company. Just hoping this company is a successful one. If the leadership does the same thing here as they did with RCRT it should potentially be a good one.
If you follow the RCRT board on Stocktwits, Evan and Miles get a lot of hate. Mostly from folks that probably bought it at all time highs between the merger catalyst in 2019 and then 2020/21 when everything was basically overhyped during Covid. They reached $25M in Revs a quarter before they decided to divest and buy AESO and move back to OTC. Only guess I have is they don’t really like Nasdaq.
So far they have pretty much stuck to the script in the filings and tackled a few hiccups pretty well along the way.
My only concern is no one knows how many shares RCRT shareholders are supposed to receive in the spinout.
$AESO
Who's killing the Ask?
Tempting, but love the % green today.
Jesse Tinsley
Jesse TinsleyJesse Tinsley • 3rd+ • 3rd+ RPO and Recruiters on DemandRPO and Recruiters on Demand
3h •
3h •
Yesterday we closed our 6th acquisition in the past 12 months (7th overall).
This one's different though as it's our first software acquisition.
Having consolidated mostly RPO firms our M&A focus has shifted to HR Tech moving forward.
Excited to share more details later this week.
He is one of the reasons I chose to park my money here.
Solid Solid guy
Your DD is a God send.
Are you sure you don't work for the Company?
I'm impressed. Makes me want to buy more
I really think Miles and Evan simply Gave Jesse until June to make the final payment. I am going to speculate he is talking about buying Recruiter.com here.
https://www.linkedin.com/posts/jessetinsley_yesterday-we-closed-our-6th-acquisition-in-activity-7173351626475335680-rZdu?utm_source=share&utm_medium=member_ios
I think JobMobz intends to change their name to Recruiter.com. I can’t think of any reason to buy the web domain and brand if not to utilize the company name.
Thats why I’m curious whether the overarching company name will change over at the RCRT ticker.
Maybe that’s why they pushed the closing date to June, so RCRT can change their name to something else. It just seems a bit odd. Might have to ask Miles about this one.
I'd think which ever has the biggest name brand recognition.
For me, "Recruiter " is spot on. Me being of a military background. Monster.com is another go too name for those of my age when looking for a job. I've never heard of JobMobz till this deal. However, I've been out of the job market going on 25+ years. Lol
What do the kids go too for a good head hunter types?
Anyone else wonder what RCRT will be called if the Recruiter.com brand was sold to JobMobz? Seems odd to still call RCRT the same thing if the website will belong to JobMobz. Some things with this triangular deal are weird.
No, but Montage would not allow the spin-out to start until they got that first $1.5M. This is what my opinion is based upon.
Montage Requirements:
Page.1
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.
Page.2
a) Lender hereby consents to the JobMobz Sale provided that: (i) the definitive documents evidencing the JobMobz Sale are executed on or before August 31, 2023, and are in form and substance satisfactory to Lender, (ii) the closing occurs prior to November 1, 2023, (iii) the initial cash consideration payable by JobMobz is at least $1,500,000, (iv) all cash consideration payable by JobMobz shall be applied to the outstanding Obligations
b) Upon Lender’s receipt of the Principal Paydown, Lender releases its Lien on the assets being acquired by JobMobz, but retains its Lien on all proceeds arising from such sale.
Page.3
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.otcmarkets.com/filing/html?id=16881731&guid=nId-knejEdjKJth#rcrt_ex101_htm
Since the spin-out has clearly been allowed to move forward, with a board vote on name, ticker change and Miles focusing primary attention on asset moves to $AESO, one could reasonably assume Jesse made the initial payment. Here was the outline.
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
It's not just you.
Unfortunately when he buying pressure subsides, it comes right back down.
LFG past pennies!!!!!!!!!!!!!!!
OK I must have missed it. How do we know he paid the 1.5 mill already? Is that in another filing?
I'd love to see RCRT break above new highs.
And stay up there. .50 swings is impressive for now if you've been Bid sitting and scoring these dips all this time.
$1.50 is one hell of a buried nut.,
Maybe it’s just me, but it does not appear MM’s are ready at all if $AESO makes a hard move north! JMHO
Basically Miles let Jesse pay the remaining 250k in 2 payments instead of all at once. But, Jesse clearly already paid the initial $1.5M for the recruiter.com brand.
Original deal $1.8M total.
$1.5M upfront
250k later (now spread to 2 payments)
$50k in process fees and crap.
As soon as there is any buying pressure , the ask moves way up. Looking forward to when we see real volume. We will skip pennies soon. IMO .
Tim Cast had a cool thought on AI employment.
Around the 8-9min mark. If you can bear through their milk toast overthinking chit. It's a goid watch regardless.
Could be where Recruiter is looking?
https://rumble.com/v4i664f-meta-launches-snoop-dogg-and-mrbeast-ai-chat-bots-creepy-reality-is-done.html
Looks like Miles will be fully focused on $AESO now.
https://feeds.issuerdirect.com/news-release.html?newsid=8092097254368090
Looks like the deal was amended to close no later than end of June, but they will get 100,000 now and another 150,000 in 30 days. So now Mile's can put full attention now on AESO and the transition. The CEO from Golq is now CEO of RCRT. Ball is moving down the field
I wish.
Only 300k
I need 200k more.
But my average is under 2 now so happy about this drop
LOL I think you will be ok. Are you trying to hit a certain shares count? Have you hit the milly club yet?
I need two more weeks of loading pls!
No transfers yet
Right. I think it used to say incoming CEO. So I would agree. Deal closed. Now onto transferring assets to AESO
Jesse Tinsley is now CEO of Recruiter.com according to his LI.
https://www.linkedin.com/in/jessetinsley?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app
I guess there will be a PR over at RCRT at some point.
JobMobz deal looks complete, one less thing done. Spin-Out may be getting direct focus now. IMO
Looking for a few bucks
I have an order in at .01
The world is moving really fast, true.
Oh yeah but I meant currently that could explain him asking
Technically it makes them a competitor to JobMobz since they are buying the entire Receuiting division from RCRT.
I think RCRT will be moving in the Fintech direction which is an additional reason why they signed the licensing agreement for GOLQ tech. I believe they will eventually merge them into the RCRT shell but had to protect the Naz listing first.
IMO.
I also think Miles and Evan saw the writing on the wall when LinkedIn started their own recruiting stuff. The fact X is now moving into the space was probably confirmation they were probably right to direct focus on AI related products to support groups like them.
This was her post:
The Everything App gets closer every day with more Video options to Calling to Grok to Job postings! Speaking of jobs — there are now 1 million positions listed. Just search and apply here:https://t.co/mkWJhiYIi8 pic.twitter.com/do36L0OhmF
— Linda Yaccarino (@lindayaX) February 26, 2024
I don’t see any reason why not.
New Twitter CEO was raving last week about how many people got hired through Twitter job postings which then makes them a competitor to RCRT currently.
I saw this as well. I couldn't get it posted. Made me go, HMMM!!
Curious why he would be asking for this information?
Does anyone have some sample analytics from Twitter's hiring tool?
— Miles Jennings (@MilesWorks) March 5, 2024
Also on LinkedIn too..
MediaBistro has a pretty good size following on X. 149k followers.
https://x.com/mediabistro?s=21&t=_YLIoordtKZeFPbQ_4Ezxw
I suppose folks don’t see that $AESO is already essentially RCRT’s subsidiary at least for now. Once the spin-out is complete it will have its own new identity as whatever ticker gets requested from FINRA.
Yulp. This is not America.
We have been living under a military State since Bush. They won't do shit. America has been headed exactly where they want it to head.
Trump really messed them up.
Trump gets in and your going to see a new Pentagon. Or they kill him.
Well, I'm off to cast my Alabamian vote. Let's see how many Democrats crossed over to vote for Nikki today. Georgia will bet in many as well.
Our normal OTC penny community only looks to the OTC website.
And we need those eyes to lift this boat.
This should be above .065 today.,
I brought in a buyer…seems like they have shares still at that .0167.
I will clear them soon
Agreed. OT but whether you like Trump or not. What they are trying to do to him is banana republic shit. It needs to stop but it wont.
They rightfully failed, but I understand what you’re saying. Jenna Griswold is a clown.
Might be a minute. The SOS of Colorado is to busy trying to keep Trump of the ballot
The RCRT Board approved a CognoGroup Name and ticker change on 2/13 per the shareholder update release 2/26. I have been refreshing CO SOS daily for it to hit.
https://feeds.issuerdirect.com/news-release.html?newsid=8147323872573577
I don’t think so but based on the last PR…they could have filed the next day as they got approval to kickstart the process
Not sure but I agree with Trefontane.
Looking at RCRT current SS shouldn’t make this an issue but we are in OTC were the average trader has attention span of a TikTOKer…lol.
AESO can lose that shell badge then.
Anyone know if we have a Symbol/name change in the works?
I totally agree with you. What those waiting for clarity don’t understand though is this: when there isn’t as much clarity, it’s cheaper and risk is considerably lower.
By the time you get all the clarity you want, the risk is higher as you have to buy higher.
That’s why only few win in this market.
The time to buy BTC was early 2022-23 when no one wanted it but you will have more buyers buying at 60k+ and getting burnt..lol
That's a fair statement. However, with only 1.3 million shares out there for RCRT, you would think it wouldn't take much. But to your point, I do believe people are waiting for more clarity on what AESO/Cognogroup looks like. But reading the tea leaves I would be shocked it doesn't look better than $.10
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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