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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.,
Thats a nice find. I would assume hes still holding. He holds about 10% of ECPL based on what he had and him buying most of the Hicks holdings. All common. Those are the only two shells I own of Synergy. His confidence to hold commons helps me a little to hold through these slow periods.
He's still sting on RIBS
Took a bath not dumping his. LOL
It is comforting he's in the same boat with the rest of us. You know his seed money is long gone and he's holding free. No risk payout if one goes balistic.
I was just looking at those. Guess I never noticed before that Ben Berry still owned 1,705,869 shares when he sold the shell to $RCRT.
He bought back 97,705,869 from Tim Brock and only cancelled 96,000,000. That means he kept the rest, which provides me personally with a bit more confidence in the play. He doesn’t usually keep shares of most of the shells he sells.
$AESO
Annual FIns are out. Confirms the intent to transfer RCRT assets into AESO. Also shows RCRT owns 100% of AESO
Childish.
However I've tried to paint it up many times.,LOL
It's all part of the game. Good news hits snd none of this matters but the number of shares you sit on.
No question, someone wants to keep this under the radar. JMHO
Someone didn’t want it to look so pretty near .02 over the long weekend is my guess.
Same old painting by MM!
I can paint it back but for my selfish interest I want this to stay down here just maybe when funds come I can load more…lol
So why would someone sell 1700 shares at .011? Either algo or MM trying to get people to sell?
Nice to see this is moving forward just as they planned.
Also, there are no issues now for RCRT to maintain compliance at the 4/18/24 Nasdaq hearing. Both deficiencies they were pinged for have been resolved.
RCRT filed their 8K for the annual board meeting and vote of new Directors. All passed. No mention of AESO. That wasn't on the agenda. Miles is still involved, as director and CFO of RCRT. So The CEO of AESO is the CFO of RCRT which should make it easy to move assets from RCRT^ to AESO.
This selling is a little surprising to be honest.
With the O/S we have.
Any delay in filing will push this down back under a penny again.
So based on this tweet, $AESO owns 10% of his $100M company and is getting paid on top of that with the 3 year services agreement. And at the same time the deal pays off $1.8M in company debt to Montage. Pretty solid transaction.
The only correct answer is 10% of $1 billion company.
— Jesse Tinsley (@JesseTinsley) March 22, 2024
I say this as someone who falls closely into category #2 personally though. https://t.co/q0ky6ka0xo
The RCRT PR with the CEO change had this to say about what Miles will be doing. From what I can tell, the spinout has already begun.
Mr. Jennings will continue to contribute to the Company as a Director, interim Chief Financial Officer, and CEO of a subsidiary of the Company, with a specific focus on facilitating the planned strategic spinout of certain assets of the current company.
https://feeds.issuerdirect.com/news-release.html?newsid=8092097254368090
I would agree if it had been part of the proxy document. From what I read the vote today was only for new Directors and Auditor approval. 3rd vote was to have another meeting if there wasn’t a quorum.
The current board voted to start the Name Change and ticker update on 2/12/24.
Miles resigned as CEO of RCRT to specifically work on spinning out the CognoGroup assets.
From the update:
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 would think the shareholder vote is the final step.
I would imagine once the spinout is done. But I don’t really know.
When would the shell status be removed?
Holy crap... even if it ten bagged from here the market cap would only be $6 mill... there is some serious upside here
That’s my opinion. If JobMobz / Recruiter.com achieved $1B value. The current market cap for AESO of 600K and price is a serious gift right now.
Great Deal for AESO.
I like this one too. I only post his tweets because $AESO has a 10% holding of their shares and profit sharing. Built in Revs from selling the Recruiter brand to this guy.
You could easily turn $50M cash into $1B in enterprise value in the next 24 months while returning 100% of cash and maintaining equity %.
— Jesse Tinsley (@JesseTinsley) March 21, 2024
So much opportunity right now on the M&A buy side.
PE is too slow, VC is to beat up and Lenders since SVB are to conservative.
Instead of those 3 options...
— Jesse Tinsley (@JesseTinsley) March 21, 2024
You should sell to @JobMobz we're buying and have closed 6 acquisitions in the last 12 months, with 3 more pending and plans to do 6 more this year.
Don't waste your time and money talking to PE DM me instead.
I was wrong about Fed rate cuts in Q1.
— Jesse Tinsley (@JesseTinsley) March 21, 2024
But I was more importantly right about hiring taking off in 2024.
The catalyst of course being now anticipated rate cuts instead of actual rate cuts.
As such we're hiring for well over 100+ new roles most of which are Recruiters if a…
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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