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It's always about the market cap.... This current valuation for this company is not even close to it's potential, wish I would have grabbed more during this value cycle.
Market Cap 761,416 03/13/2024
They are going to need a lot of shares.....
Well said!!!!!!
Just hoping it stays down here for me to exit one or two other plays with minimal losses.
So I can scoop!
I can't believe people are playing with this down here,what just tossing darts or hand grenades?
Today's volume 81.8K Above Avg.
Anything is possible but I don't think there're enough shares to do that. They would have to be naked short for a long time and it could get costly, fast.
If they properly communicate we should be ok
Let 'em.
The Ask has already been crushed from .03 to .016
It's one hell of a buy today.
Unless the MM conspires and finds a way to bring us below 0.01…within that period
I'm not an accountant but I would think all financials to be transferred and continue to be be fully audited. RCRT financials of course have multi year audited financials since they are coming from a Nasdaq company. And AESO is also listed as Audited. So I would think keeping that status should be fairly easy. That why I think an uplist to QB should be pretty quick
I hope on the QB with audited $ and a new symbol/name.
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.
https://feeds.issuerdirect.com/news-release.html?newsid=8147323872573577
I made some edits to the IBox since there's been changes to the GOLQ deal (Licensing agreement for 10 yrs instead of Purchase of company). I added MediaBistro to the Spin-Out group, not sure why I left it out before since it is probably the main flagship at the moment. And some other details, filing links & such. Enjoy, $AESO!!
The one thing I learned from that was the difference between short term and long term gains, 10% as opposed to 35% tax liability. So long term holdings are fine by me, this is only a hobby anyway.
Once the hours of research are complete and you fill your position it is on automatic pilot for 12 months, where will this one be in 12 months if I do nothing?.
2021 was a different animal..zero interest rate, lockdown, free money from government, more time spent on computer with work from home.
I was up double what you showed then too. I jokingly say if you didnt make serious money in 2021 you probably shouldn’t be in the market…lol
The exact opposite of what’s happening right now.
So it’s understandable. But I do agree people aren’t really ready to wait or dig deep into any play these days
The only thing we need now is the investing public to get their head out of bit coins butt and start reinvesting in the speculative market.
This arena is as dead as I have seen it in 20 years, seems that if it is not being fed to the population on a silver spoon they will not invest, must be too much hard work for these kiddies to actually learn this craft, the complacent generation just wants to whine.
2 years ago it was worthwhile
.06-.065+ is a good start.
I have 1/12th of my shares there to go free.
And about 2 dozen price alerts before it triggers that price to modify up if needed.
I think what we will see is a company interested in telling its story. We should see good communication from mgt about their plans and what is happening. Its seems they like to engage the public . At least that's what they have done with RCRT. Extremely important while they start off in OTC Pink and start their uplist process.
Been a pretty long wait and a lot of digging through filings. GLTU
This is more of a time bomb than I thought it was.. I still have no clue where fair value will be but it sure isn't at the current prices. And I have the feeling the program is about to begin.
$AESO’s main piece MediaBistro has 150K almost on X. Thats a big following for folks looking at Media related employment.
That worried me initially but looking at the whole outstanding shares lets me know it’s nothing to worry about
28.7k followers!!!! you don't get there by being flaky
You trying to get someone to Trump you so you can take them out?
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
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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