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I must be doing something right. I just looked at the list too. I didn't recognize but one that went to skull and cross bones.
Oh yes! For some reason I have forgotten they are two separate tickers…lol
Thanks
Sorry. I meant RCRT! was mixing them up
Hoping to start hearing some things once the RCRT NaZ status is secure. That seems to be Miles focus at the moment.
I think mainly because the debt holders expect the shell to stay on Nasdaq. What institutional investor wants their stock dropping off to OTC.
Also we need some updates in the form news releases and that should move the pps north. Today is a big step forward with the filing.
Looking forward to removing that “shell risk”
designation on the otc website.
Thanks Tre, that is pretty much what I was saying.
AESO is a separate filer than RCRT.
AESO files on OTC.
RCRT files through SEC.
If RCRT gets hit by SEC that’s their problem. RCRT owns the AESO shell for their recapitalization effort. That is why the didn’t list it as a subsidiary in the 10K.
Pg.5
Additionally, the Company owns a controlling interest in Atlantic Energy Solutions, Inc., a Colorado company that is traded on the OTC Markets (OTC:AESO).
What he is saying is RCRT is a NASDQ traded ticker. AESO is OTC. AESO 's filing have been up to date. It was RCRT that was late. While related they are separate traded entities.
Are you sure? When you are behind on 10K you can go to EM because of that.
INLB is sec reporting and went EM today cos of that
Anyone here have Delaware SOS filing access? If, so go check and see if there is a name change filing under Recruiter.com Recruiting Solutions, LLC to Cognogroup, LLC.
And if you want or have time see if they applied for a Name change and ticker of Recruiter.com Group, Inc. I was curious whether they would change RCRTs Naz name &symbol since technically it was sold to JobMobz.
I don’t have access to Delaware SOS filings. And I don’t pay unless extremely necessary.
From the new 10-K
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 to CognoGroup, LLC, and the reorganization of Recruiter.com Recruiting Solutions, LLC to a subsidiary of Atlantic Energy Solutions, Inc. Additionally, the Board of Directors authorized that management may take such steps necessary to change the name of Recruiter.com Group, Inc. to reflect its purpose and a corresponding change to the company’s stock symbol.
RCRT 10-k has no bearing on our OTC markets status. All the filings there are up to date for AESO, SOS filings too
Very timely or else we would change gone yield today.
Over 100 tickers went into yield or EM today
Lets hope its the start of things transitioning to AESO
I think the hearing is primarily to keep RCRT on the NAZ. I think the GOLQ merger was postponed in lieu of the licensing agreement specifically because the GOLQ crew wants a NAZ shell.
Personally I think the merger will go through later and it was in GOLQs best interest to support increasing the shareholder equity requirement with the licensing agreement to prevent the delisting. It’s no skin off them if they eventually own RCRT anyway.
As far as AESO receiving assets after the hearing, I think they already started the process of spinning things out. Closing out the Parrut, Inc requirements was the start of releasing MediaBistro from the RCRT balance sheet IMO. The other items mentioned Candidate Pitch, LinkedIn AI exchange, other AI Training courses belong to Miles and team and probably can release them easy since they weren’t part of any prior deal with GOLQ or JobMobz. The only deal I’m curious about now the RCRT had was the partnership with Millionways. I think that comes over too and was included in the Shareholder video presentation. What other deals or partnerships they have on tap are unknown.
We already know the proceeds and holdings from JobMobs deal and Futuris deal are already going to AESO, so it’s just a matter of time IMO.
$AESO
So they go in on the 18th and say we have all these assets and RCRT is worth so much. NASDQ approves, then the next day they take those assets and transfer them to AESO?
Be easier to tell how it will go if they had posted the 10K.
Thought the same. Hopefully that goes well
I was looking for it but it never came. Wondering if they plan to present it at the NAZ hearing 4/18. Very curious.
Wasn't RCRT 10K due yesterday? I think you get 15 days when filing an extension.
Thanks my friend.
All the best man! I hope you get it while still down here!
What you have is my goal currently I am 100,000 shares short.
Nice then I tried to paint it back to 0.02 with those 1k shares but they filled it at 0.0164…so they are hiding more at 0.0164 it looks like
I also added 50,000 more today. good price.
Finally rounded of my stack with 20k shares.
Think I am good now!
Wonder if I can get my 5 year colonoscopy in before then?
Thanks for the update.
Next weeks April 18th NAS hearing on whether RCRT meets continued listing requirements is a big deal for AESO. I’m pretty positive based on DD they’ll be removed from any penalty’s and stay on Nasdaq, but it’s always up in the air in today’s market.
GLTA. $AESO
Someone had to turn the machine off to make your trade.
I always BID sit. Set my limit orders snd forget about it. Set twice as many alerts too incase I need to modify ASAP.
Nobody can really say though. I feel that might want to keep it down here to make it easier to give RCRT holders their shares( just thinking)
That 0.0194 doesn’t seem to be there for the taking…it’s not filling still and it’s been there all day.
0.02 is hidden and I saw it was around 135k shares for a brief period.
Im curious if they will reload the ask or if the seller has been exhausted?
I wasn’t bid sitting…I bought up a few on 0.0194 and the rest didn’t fill then I changed it to 0.02 over the 0.0194 ask then they dropped it 0.016 for me then the last stack filled at 0.02.
I very rarely bid sit…got no time for it!
Hi Mom! I'm home ! Never did like sitting around on the bid waiting for someone to sell, if I want a position pay the ask, long term should not make that much difference.
No question the algos are keeping this in check. Nice score though. Hopefully we see the change soon.
This is a ridiculous manipulation!
I put in a bid at 0.0194 and it didn’t fill then I changed to 0.02 then it filled at 0.0160.
They definitely don’t want this above 0.02 for a reason.
Happy to get 0.0160s though
Someone is taking a position. Good to see.
Damn! Who took those 0.0194s? Good job!
Wished it was me!
100,000 print at 0.0194 but the ask stays......
Update
another 25K/10K/8K/9K/19K/5K/10K prints at 0.0194 and the ask popped to 0.02........
Giant move
Update
10,250 at 0.02 ask stays
Yes Pre split. I may have read it wrong. ,I had that number as what has been paid. If the other way then you are correct. I don't own any RCRT but if AESO gets to $1.50, that would be a banger. Which is only a 70 mill MC. That's not even high for what we know is coming in.
Not sure that was a loan as opposed to a purchase prommisory agreement.
How did you get the .10 per share. You’re talking about before the RCRT R/S correct?
$1.75M purchase price I’d think it’s closer to $10 per share. However, they only owed them a remaining $255K-ish so even if it gets to the $1.46 per share I’ll be happy.
And once they take the payoff deal, they no longer have a say so in assests being moved around.
This very well could be the start for AESO.
This is my largest holding. I could slap in another grand and it won't dent my average. I've worked hard to get to break even today. Averaging up is such a weird feeling. LOL
Makes sense. Cleaning the runway. So if I'm Parrut and/or Montage, to take shares in leu of money says something positive about RCRT and AESO. Price for the deal is $0.10 per share pre RS. They need about $8 a share to get the original lone amount?
Seems to me this 8K is specific to allow release of MediaBistro for the spinout. RCRT bought MediaBistro from Parrut, Inc.
Giving them 160K shares of RCRT in exchange for clearing the prommisory note finalizes the obligation to both Parrut and Montage from what I gather in this 8K.
Filed yesterday with SEC.
https://www.otcmarkets.com/filing/html?id=17423964&guid=p9Q-kn8hn_NeJth#rcrt_ex22_htm
Is our recent seller on vacation this week?
This guy has lofty goals, I like it! $AESO will benefit well off their partnership and 10% share of JobMobz.
Will be at a $1B+ valuation in 2025.
— Jesse Tinsley (@JesseTinsley) March 29, 2024
Because we bought the best businesses in a bad market.
I anticipated the Recruiting sector to improve in 2024 but not at a scale rivaling 22'.
Why?
Because companies are hiring contingent workforces vs FTEs and that trend is accelerating.
He hold shares in most of his shells. No skin off his back either. He makes his money on the front end doing the work.
I'd love to see his zero cost portfolio. I bet he still owns shares in all those DE shells he got boned on.
Why is this not trending up
If this stay like this to Friday's close, im getting another 35k on the Ask. I need to round up my stack anyways. Payday is Thursday. I may up it to a grand.
It sucks because I have $750 burning a hole in my pants and I got my eye on Alot of crap.,
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.
This 8K explains the reasoning in assuming the $1.5M was paid to RCRT to service Montage debt agreements and proceed with Spin-Out.
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 to CognoGroup, LLC, and the reorganization of Recruiter.com Recruiting Solutions, LLC to a subsidiary of Atlantic Energy Solutions, Inc. Additionally, the Board of Directors authorized that management may take such steps necessary to change the name of Recruiter.com Group, Inc. 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.
Last RCRT 10-K filed 3/31/2023
Effective July 7, 2021, we entered into and closed on an Asset Purchase Agreement with Parrut, Inc. (“Parrut”), and certain individuals named therein. Parrut does business as Uncubed and we acquired the assets of the Technology Solutions Division of Uncubed. The purchased assets include assets related to Finalist, an online marketplace for sourcing and screening early-professional software and data candidates and assets related to Uncubed’s job board technology and candidate engagement platform which includes Mediabistro, a job board and professional community for media, content, and creative professionals (the “Parrut Purchase”).
As consideration for the Parrut Purchase, we paid $500,000 in cash at closing, a $1,750,000 promissory note with an interest rate of 6% and an original maturity date of July 1, 2023, and granted to Parrut 257,545 shares of our Common Stock, valued at $1,264,551. In addition, the terms of the Parrut Purchase include “earn-out” provisions under which we could become obligated to pay Parrut up to an additional $1,350,000 in the form of our Common Stock (the “Parrut Earn-Out Consideration”). The Parrut Earn-Out Consideration is equal to 1.35 times our revenue derived or generated from the assets purchased in the Parrut Purchase achieved during the twelve-month period immediately following the closing date. In October 2022, we confirmed Parrut earned the maximum earnout of $1,350,000 and we issued 1,374,678 common shares to Parrut at a price of $0.98 per share, the 20-day volume weighted average price prior to completion of the earnout period.
On October 19, 2022, Parrut agreed to subordinate their note to the loan owed to Montage Capital II, L.P. In return, we restructured the payment schedule to Parrut. The Parrut note now has an annual interest rate of 12% and matures on August 31, 2023.
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1462223/000165495423004101/recruiter_10k.htm
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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