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Licensing the recruiter.com brand to a young gun like Jesse makes sense. Managing and operating a RPO is super time-consuming. Big shots like Miles and Evan are at a point in their careers they need to just be talking to high level decision makers and working more strategically as opposed to operationally.
As a recruiter myself, I’d rather be putting together a group of innovative AI companies and building partnerships with C-level execs, innovators in the AI space, and venture capital. I follow Jesse on LinkedIn and love his style, my hats off to him for running his RPO, but I’d rather be doing what Miles is doing.
So true.
There is that mind set out there. I set a good solid string of BIDS then paint the Ask up. It's almost a given someone will knock it back down thinking it's going to set off a retail dump out of frustration
TRRI is like that. Someone can't let it stay on the Ask side. .10 x .30 spread too. He feeds me after my paint jobs.
450k float too. Pharma time suck play. Could sit for years without an update.
ECPL is another one of these synergy shells that is close to be getting lowered to the EM
New control has gone AWOL
Definitely the fastest route to being a public company. I’m also thinking they may want a different name to do business under since there is 1 or 2 other billion dollar AI companies with the name AURA something.
Just wishful thinking, but I have wondered a ton why the abrupt shift by Miles and Evan when RCRT was producing $25M in Revs right before they decided to do it. Just plain weird if you ask me.
They were in a perfect spot to do exactly what JobMobz is now doing now, but with more available capital avenues. We all see what Jesse is doing with the assets he is buying from RCRT. Folks want to be involved with the Recruiter.com brand and he is using it to absorb smaller startups at ease. Miles could have done the same thing. IMO
$AESO, I’m simply excited about the possibilities.
Well that would be amazing. Its definitely plausible. AESO would get them to public markets the quickest if that is their intention.
Sometimes I find these low floaters…to get that low price you have to slap the ask then they fill it for you at lower price…unless you are luck and someone dumps.
I feel we are getting closer to the real show it’s unlikely you get those dumps.
It’s obvious they don’t want this over 0.02 until real assets movement starts which is fine really
I've been BID sitting so long at .0125 I forget I got real money there.
I'm not ready to average up after the work it took to get down below the spread.
.013 ain't a bad price too
Huge news if Aura becomes part of CognoGroup. $AESO
Wow! This looks massive! Been hoping AURA is part of the deal down the road…if not from the get go.
I slapped 150k today. If this company merges in it will get frisky around here.
$AESO
Some interesting news for one of the Directors of $AESO. Evan Sohn spun out the AURA company from Bain & Company yesterday. I am not going to assume this is what may enter this shell, but it is big news that needed to be posted. I will add it to the Box if anyone else thinks it is worthy.
Would be sweet if the SP trends down hard before an announcement
Then Boom!
This is the most interesting thing I’ve seen this year. Please lord! Let this come into AESO! 8hrs ago.
https://www.linkedin.com/posts/evansohn_after-3-years-of-incubation-inside-bain-activity-7198655111126990848-rqDd?utm_source=share&utm_medium=member_ios
I’d really like to see some movement at the CO SOS. Haven’t seen the name change or merger documents there yet. Figured I’d see something by now since they voted on it Feb 13th. I’ve been checking it daily, along with the Washington State SOs where the other RCRT sub that is merging is domiciled.
Guess I’ll keep checking daily until I see something change.
Market is heating up good time for this deal to finalize $AESO
$RCRT has good daily volume equal to its float
Yup. I meant to say *can’t fall into the future.
Ok guys and maybe gals, it appears to be a mistake since the filing posted the May 17th. Make sense it was evaluated to the day before.
I got excited is all, since we know the JobMobz deal is supposed to be final end of June. Thought maybe their timeline could have moved up a little.
Anyways, $AESO!!
I would agree , probably a mistake. Should have said May16. If you look at the last qtrly, they have a similar statement and it was based on the filing date.
I think it’s a mistake. You can make that statement in reference to future date.
Looking at the previous Qs the date was fell with the Q date.
Thanks for the insight Gman. My thought is that there will be positive news surrounding some material event before after that date. JMHO.
Wonder if it was just a mistake to June 2023?
The entire sentence is past tense.
Not what I call English.
If I pulled that shit in English class 101, it would be attacked with red ink.
I'll never understand why they don't keep this chit simple?
Wonder if it was just a mistake to June 2023?
The entire sentence is past tense.
Not what I call English.
If I pulled that shit in English class 101, it eoukd be attacked with red ink.
I'll never understand why they don't keep it simple ?
I’m curious now what is gonna happen on June 16, 2024?
Why would they evaluate the company out to this date for the Q1 filing that ended on 3/31/24?
Anyone else see that statement?
It is the last sentence of the filing under subsequent events.
https://www.otcmarkets.com/otcapi/company/financial-report/403041/content
Other than this statement the filing is pretty much identical to the last one.
$AESO
It should continue to go
It still looks to me RCRT is hanging on to that Naz listing by its teeth.
The assest going into AESO operate on auto pilot so their efforts are all into getting RCRT market cap up.
I've been thinking it's why we are not getting any real updates in here.
It's like you have two kids. A problem child and a good kid. Who gets most of the attention?
All hands on deck building that story.
Nah…I exited after the AS raise and not on my list…just saw it flying around…I don’t play that way…lol
Stopped watching it, I think it’s a scam. Nice run though. I made plenty over there throughout the years. I think it’s run its course, but do you if you like.
No worries. Damn R*NN…lol. You see it?
Roger, I didn’t drive down into the filing, just got what was on the first page. Even better though that they turned over the entire OS. Float may be turned 3X
1.2m
2.56m O/S
About that based on 10-Q
As of May 15, 2024, the number of shares of the registrant’s common stock outstanding was 2,702,326.
2.5 mil in volume so far . What’s the float on RCRT?
My guess too, but no news anywhere I can find.
My guess would be they have been deemed compliant with NASDAQ
Wow $RCRT is up 40% and has strong volume!
Yes, bodes well for $AESO
Not sure why but big opening volume for RCRT. Price spiking up. This should be good for AESO
In total they have paid $250k
$100k initially and then the other $150K.
Probably get the rest at closing if it happens 6/30/24.
Good info. Thanks!
Yes possible. We are to much in the dark but in reading the RCRT 10 Q things seem to be moving in the right direction. I did see where Jobmobz made a $150,000 payment towards their purchase of Recruiter.com
That’s good news. Thanks for the update.
They should just make MediaBistro into a full on paid job board across industries. Especially if they incorporate AI features like daily auto apply, filtering, calendar booking, and messaging.
Indeed is having layoffs and their pay per click model sucks. They haven’t updated their UI or functionality in a decade. It butchers the formatting in your resume too.
LinkedIn Recruiter is a scam and filled with spam or ignored messages. CognoGroup’s partnership with Millionways could reveal a candidate’s personality and the type of messaging they will respond better to.
The dinosaur job boards like Monster are dying. Stuck in the late 90s / early 2000s.
Hired.com is the best recruiting product I’ve used in the past few years. It does have some serious flaws however from a workflow perspective.
It’s time for a huge paradigm shift that CognoGroup can bring.
$AESO
I like this piece of info regarding AI efforts. Seems MediaBistro is getting so lovin’ in that regard.
Pg. 33
Product development efforts were limited to continued improvements to Mediabistro and its underlying job board technology. The Company also introduced an AI-powered predictive analytics capability for Mediabistro, to uncover job trends in the media industry and showcase these trends to hiring managers and job seekers.
I don’t think they will say anything has been officially moved over to AESO until they get the final response from Nasdaq on whether they met compliance.
This was on page 33 regarding Nasdaq Compliance.
In addition to these strategic matters, the Company also focused on compliance-related matters with Nasdaq and worked to achieve compliance with Nasdaq's listing standards. The results of these efforts cannot be guaranteed at this time, and shareholders should not rely on continued Nasdaq listing. Still, the management of the Company believes that it has met the minimum requirements of Nasdaq.
I’m looking forward to what is being built here. So many companies will want AI for their HR, HCM, and TA departments and processes.
$AESO
Also according to RCRT 10-Q the loan debt decreased from $5,631,633 to $3,813,437.
$1.8M debt reduction. Since CognoGroup is party to the Montage debts, that’s a nice reduction already. They will bring less debt over here in the long term.
Good stuff.
$AESO
Its possible we see some sign of assets moving over, but not sure. They seem tight lipped for now. The team running this are just to connected . Should at some point show major move up.
This is the first time it’s been written CognoGroup will hold the Recruiter.com website and trade name. Guess that is only until JobMobz closes the deal 6/30/24.
From RCRT 10-Q page 32.
CognoGroup is planned to hold the current recruitment-related technology assets, including Mediabistro, a job board for the media industry, and Recruiter.com, the website, and tradename, as well as other assets and projects of the Company, such as its AI-enabled CandidatePitch software and RecruitingClasses.com.
MediaBistro is part of their Marketplace and generated all of their Q1 revenue. A little over $200K. Probably be close to $1M Revs for 2024 just from MediaBistro.
Wonder what the filings will say? Seems positive
Interesting. Its worth a shot to get him to open up but hes not willing to even give hint. Last year they were doing PR left and right. Now very quite . We sit and wait.
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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