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.
I think the seller is back again. The 70k wall didn’t move even after the buyings.
So it’s hidden. I bought 90k shares today and I think someone also bought and the ask stayed put….lol.
Yea I tried that, lost my shoe, if you see a size 11W Merrell in your travels....
Thanks for posting this on Rigs page. We just need to see the AESO entity come to life with activity and the big guns on Rigs will move in
Stonks, if you get some free time, check out the ibox for this board. I put a lot of info in it and keep it up to date if something changes.
As far as the Healthcare staffing business goes, they sold that piece to an $FTRS sub called Insigma for 9.5M shares of Futuris stock and a profit sharing agreement up to $2M with monthly or quarterly payments.
Regarding AR/VR inclusion into MediaBistro.com, the indications I got from Miles directly, it’s going to be a while before CognoGroup tackles that initiative. Here is what he responded when I prodded on X.
Good idea but not yet! It’s a little too far out of our wheelhouse.
— Miles Jennings (@MilesWorks) February 1, 2024
Go to 21:20 in the shareholder meeting video, Miles brings up the healthcare staffing business as a current asset that’s coming over
Yes Jobmobs should throw off nice rev to AESO. Not familiar with the mediabistro and the gaming angle. regarding the healthcare part, I believe they sold that to FTRS, Futuris. . A lot of potential. Just need to get things moved over and show AESO is a thriving new company.
I follow Jesse on LinkedIn they’ve just added 6 more recruiters to JobMobz RPO. I think they are going to eclipse their projected earnings.
I wish I knew more info about MediaBistro becoming a AR/VR gaming site. That could be money itself. Gaming is a bigger industry than movies.
Miles mentioned they have a legacy healthcare staffing business. With the aging baby boomer population the demand for healthcare positions is skyrocketing.
Also miles mentioned an equity swap with Millionways. He’s talking to other AI companies too.
Much more coming too
Assuming everything gets transferred into AESO that they've said is coming, revenue should be in the 12-20 mill range. You have to discount AESO price due to trading on the OTC, so if you did a simple 3x revenue valuation, is a 40 mill MC realistic? I think pretty easy. So give it the OTC haircut and I would put a PT for AESO at $.50 in a year. IMO
I’m excited about the direction Miles and Evan are taking $AESO (AI, Web3 AR/VR gaming). The revenue % with JobMobz will be big too.
What are some reasonable pps targets once the deal and ticker change go through?
Based on the 10-K that’s correct.
I'm assuming there are two name changes? RCRT to a new name yet to be announced , and AESO to Cognogroup. Do I have that right.?
Correct, if I could see filings at Delaware SOS, we would probably know if the name change has already been filed. Based on the 10K this is their current status.
-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.
I think you mean the guts of Recruiter.com will become AESO. They sold the Recruiter.com name and domain to Jobmobz. RCRT will be come a different entity under the new CEO. They have just recently aid in an 8K they are planning to spin out most current assets/revenue to AESO under Miles as the new CEO. The board approved and have given miles the green light to begin this process. I think if you reread Gman stickies it highlights the direction
You think they changed their mind? Just asking because, why buy the shell?
I don’t know why Miles would step down as CEO if he planned to do that to RCRT.
I guess it’s probable since the Fintech thing is questionable.
I think he wants to do something different with the spinout assets regarding AI.
JMHO.
I'm under the assumption Recruiter.com will become AESO.
I'd love to see a symbol name change under the Congo flag soon
Now is the time to shake the AESO history once snd for all.,
There will be a 10-Q by 5/15 before the 6/30 final date on the JobMobz deal.
Could be other news between then, like maybe the website updates or Linked in Changes. Not sure for now.
Yes or before. Basically waiting for the last payment. I think as long as RCRT is in good standing with NASDQ, we don't really need to look at RCRT events further per say, now we need to see PR's talking about the assets moving into AESO.
Per the 10k, June 30th is the next event.
More of the same in AESO world till then.
I also noticed the pps is stable at 1.50. Hopefully no sellers equal good news. JMHO.
Anyone hear how the RCRT NASDQ meeting went? Price for RCRT seems stable
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
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.
__________________________________________________________-
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |