Recruiter.com Group Inc (RCRT)

[ThirdSyte]

Oh, Growth is there.

Just a matter of time.

More time than I anticipated, but I think more players will come after they evade the penalty.

[Ryoko]

Yeah, I missed it too. I was too focused on the revenue numbers. I went back and did another search for it and there it was. I've come to the conclusion the falling price is due to the RS and the revenue falling short of expectations. The explosive growth doesn't seem to be happening -- at least not to the extent that all the hype wants to claim.

[ThirdSyte]

Damn. Missed that. Comed thru it specifically looking for notice of RS.

Explains lack of volume.

No one wanted to pay the 35.00 penalty to get screwed.

[Ryoko]

This gem was in the latest 10Q:

On August 1, 2019, the Board of Directors approved one-for-80 as the final ratio for the previously approved reverse stock split of the issued and outstanding shares of the Company’s common stock. The reverse stock split has not been effected as of the date of this filing.

So it does look like they are going to do a RS. A poster on twitter is saying it will happen 8/22. I don't know where that date came from.

[ThirdSyte]

I agree it would be MUCH wiser for them to more develop their brand and first build up their "name recognition".

Concerned, however, that OTC is not known for "wise" decsions.

[Ryoko]

They have approval for a RS that has yet to be implemented. So if they want to go to NASDAQ, that's the next thing that's going to happen. However, I don't think they are going to try for uplisting for now. I think they'll wait until they get further along in business development.

[ThirdSyte]

I do not know that they will reach the required pps, but the subsequent SS more than qualifies, and may earn an exemption.

[A. SPEER]

rcrt is uplisting to nasdaq.

After rs insiders will hold
2.18m

Retail will hold 177k shares

As to compare with other jobs agencies... there are their shares structure

27.13$ nAsdaq
Kelly services
36m os
Restricted 32.5m
Retail 3.5m

Svmk 17.69$. Nasdaq
Survey. Monkey
130m os
Restricted 104m
Retail 26m

Rand 42.47$ nasdaq
Ranstand
6.3m os
Restricted 3.25m
Retail 3.05m

Rcrt $0.03. Going nasdaq
Recruiter
184m os
179m Restricted
14m Retail

[ThirdSyte]

Yaaayyy!

[davidsson10]

1:80 R/S Tomorrow, per FINRA: https://otce.finra.org/otce/dailyList

RCRTD

[ThirdSyte]

Sounds good

....but that math seems flawed.

[ThirdSyte]

Perhaps you are not shorting, and although short volume is immediately meaningless, if later determined by FINRA to be "Short INTEREST", it becomes very different

Recent trading has not that intense for MM to repeatedly borrow shares to balance the books...so, today's volume of 120,610 shares or 34.12% of a low float could actually be short interest.

[Sweetlife11]

Next quarter just need 567% jump for a $1 sounds like they are trying hard to

[ThirdSyte]

Just trying to identify where the red volume is coming from.

The Series D may be executed at will.
If they were sold at .0001, their value is already 299x the face -- and could explain the red volume.

Would also mean 400 and something thousand shares would hit the OS.

*Not tragic.

Buuuut, because the note explains the Series D shares have a $20.00 evaluation, at a strike of .02, that converts each series D into 1,000 common shares.

With over 400k series D sold, that would add about 475M shares to the OS, and I do not believe this scenario explains the "sell in news" red volume.

Or...its being heavily shorted due to low volume.

[pacman181]

Very complicated read to grasp share structure here...there are warrsnts also at.02...but there is no commons left..

[ThirdSyte]

Confused. Someone, please help me out here.

The Preferreds. Take for example the Series D -- executable at will.

How are they valued?

I see they were issued par .0001.

If this is the case, there are about 450,000 shares that can hit the market, 299x the given value.

Not too bad, and could explain the recent sales.

But, I also see a note with a $20.00 evaluation. That would make each series D (at a .02 strike) worth 1000 shares of common -- adding
485,000,000 shares to the OS.

[ThirdSyte]

...and I find it difficult to believe ANY of the preferreds are hitting the market in 10k blocks.

[humbleboss]

No OS is maxed out, no dilution

[ThirdSyte]

I find it hard for any conversion to be done with a 600 share sell at an all time low.

[ThirdSyte]

Perhaps.

[Ryoko]

Nobody is shorting. Look at the spread and volume. If someone wanted to short this, they could do so into trips pretty easily.

[ThirdSyte]

Keep shorting.

Itll turn.

[Ryoko]

This "$4 in 6 months" stock is on its way to going sub-penny.

[StudiousDDpays]

Everyone is still sleeping on this but they won’t be by years end.... it will be an epic bagger that many missed out on but the savvy few banked big!

[A. SPEER]

News update
https://www.otcmarkets.com/stock/RCRT/news?id=237911

[shanak10]

Recruiter.com Issues Letter to Shareholders
10:59 AM ET 8/20/19 | GlobeNewswire
Recruiter.com Issues Letter to Shareholders





Recruiter.com Issues Letter to Shareholders

Revenue for Q2 2019 totalled $1.5 million, an increase of 424% year-over-year

HOUSTON, Aug. 20, 2019 (GLOBE NEWSWIRE) -- Recruiter.com Group, Inc. ("Recruiter.com" or the "Company") (OTCQB: RCRT), the expert network platform for recruiters, today is issuing a letter to shareholders.

Dear Fellow Shareholders,

We are proud to introduce our company as Recruiter.com Group, Inc. (OTCQB:RCRT), the expert network platform for recruiters, and share the exciting highlights of our first quarter as a newly combined, publicly-traded technology company. As we go forward, we are committed to providing high-quality, transparent communications to our shareholders and look forward to your participation in our journey as we build a world-class platform business.

To build value as a company, our consistent aim is to grow and improve our key metrics and financial position while we innovate and differentiate our company through Recruiter.com's three unique company qualities (People, Platform, and Power). This past quarter, we established our key metrics, improved our financials, and brought positive changes to each of our three unique company qualities.

Q2 2019 Achievements

-- Aligned Recruiter.com's public presence with its corporate brand by

renaming the company Recruiter.com Group, Inc., and changing the stock

trading symbol to RCRT;

-- Entered into several business partnerships, including with Censia, Talent

Inc., and Pocket Recruiter, among others;

-- Grew our network, the number of independent recruiter users increased

8.1% sequentially to 10,042 in Q2 of 2019;

-- Rolled out several platform upgrades, including Recruiter Badging and

Team Collaboration;

-- Brought on a dream team of advisors with domain experience in artificial

intelligence, recruitment operations, finance, and legal;

-- Qualified for admission of our common stock to trading on the OTCQB

Venture Market;

-- Raised over $500,000 in new investment through sales of Series D

convertible preferred stock;

-- Achieved record revenue as a result of our March 31st acquisition of

Genesys Talent, LLC; and

-- Completed two-year financial audits of acquired businesses (Recruiter.com,

Inc., and Genesys Talent, LLC).

Summary of Financial Results for Q2 2019

Three months ended Three months ended

Financial Results June 30, 2019 June 30, 2018 % change

Revenue $1,488,391 $283,885 424%

-----------------------

Income (loss) from

Operations (including

share-based

compensation expense

of $1,481,322 and

$62,617,

respectively) $(2,190,776) $(296,332) 639%

-----------------------

Cash and Cash

Equivalents $893,776 $316,180 183%

-----------------------

Key Metrics

We have defined new key metrics for our business, which we will consistently track and communicate to our shareholders.

-- "Network Growth" The growth of the number of our independent recruiter

users is a significant differentiator for our platform. We increased the

total size of the recruiter network by over 8% this quarter by approving

pending recruiters in the USA and Canada and beginning trials of

advertising our recruitment training program.

-- "Jobs Filled" The success of our work with employers is paramount. This

metric tracks our successful full-time and contract placements with

employers. The Jobs Filled number is a simple unique metric, new for this

quarter, that we designed to measure our success. It includes all

contract headcount from each month, plus full-time hires.

-- "Platform Fees" This metric tracks the total available placement fees, in

absolute dollars, available to our members through our platform during

one date in time.

3 Key Metrics Q2'2019 Q1'2019 % change

-------- -------- --------

Network Growth 10,042 9,292 8%

----------------

Jobs Filled 630 - -

----------------

Platform Fees

(in thousands) 3,491.23 3,016.51 16%

----------------

People

We added considerable value to our personnel in Q2 2019, in particular through the acquisition of certain assets of Genesys Talent, LLC. Rick Roberts, who is now the President of Recruiter.com Recruiting Solutions LLC, our wholly owned subsidiary, is a true veteran of the recruiting business and highly respected among partners, clients, and technology companies. Mr. Roberts will focus on building the sales and delivery model to ensure our clients receive excellent recruiting support. The addition of Mary Patrick, EVP of Program Delivery and an experienced Talent Delivery team brings deep recruiting expertise and client-focused operational excellence to the company. We also added new accounting and finance personnel, including Bob Scherne, our Controller and interim CFO, and Patty Weyman, in recruiting operations, who were key in the successful recent delivery of two years' audited financials for the acquired businesses.

In addition to our new staff, we welcome several new senior advisors to the company, including:

-- Deborah Leff, CTO of IBM AI and Data Science

-- David Perla, former Chief Counsel of Monster.com

-- Noam Ohring, Head of Recruiting for Bridgewater hedge fund

-- Jay Goldberg, CEO of Seller's Choice digital marketing agency

-- John McGraw, SVP at Access Capital, Inc.

Additionally, Tim O'Rourke, COO of ICON Information Consultants, joined our Board of Directors, bringing a wealth of industry experience and business acumen.

Platform

We successfully rolled out many upgrades to the Job Market Platform centered around engagement, collaboration, and evaluation of our network members. Technology initiatives included Recruiter Badging and systematized communication, as well as various improvements for account management. The March 2019 acquisition also brought a new internal talent CRM into our workflows, along with the AI-talent matching from Genesys, which will be an ongoing competitive differentiator. During Q2 2019, we also spent time on the development of marketing automation, which should significantly enhance the scalability of our network member communications. In Q3 2019, we expect to work on further integrating our Platform and CRM, which will allow the Talent Delivery team to work seamlessly with our network members.

Looking forward to Q3, we also expect to focus on continuous improvements to the recruiter and employer user experience and tightly integrating our internal recruiting operations with independent recruiters on the platform. Larger initiatives include the addition of candidate sourcing capabilities for independent recruiters through our Censia AI partnership and a rewiring of the recruiter submission process to increase candidate submittals and automate resume management. We expect to finish 2019 deeply integrated with further new HR and payroll systems, which should develop and drive a new and significant source of jobs to the platform.

Power -- Our Distribution and Marketing Channels

Recruiter.com's ability to leverage exceptional scale with content and social media gives us the chance to reach more people faster than most companies. To help magnify this unique quality, we engaged two new outside service firms: Seller's Choice, a digital marketing agency, and KCSA, which handles investor relations and press releases. One Q2 power category milestone that we passed is our achievement of 10,000 recruiters on the platform. This is an important psychological number of course, but one that will be vital to track and grow over time. We invite you to track the growth of our network members along with us through a publicly available page on Recruiter.com: https://www.recruiter.com/about.html and keep up with all updates at https://www.recruiter.com/investors.html.

This quarter, we consolidated our company under the name "Recruiter.com Group, Inc." We also changed our stock trading symbol to "RCRT." We made progress in improving our investor base by qualifying for the more rigorous financial, disclosure, and governance standards of the OTCQB Venture Market.

To build on our progress to date, we are ramping up our advertising campaigns and automating more of our communications and marketing functions. We are also growing our engagement, product marketing, and community management personnel. We expect these functions to drive the growth of our user base and community, increase the distribution of our platform, and help acquire new customers.

Summary

Looking back on the quarter, we have accomplished a lot. The challenge of the past few months has been, overall, becoming one company following the 2019 merger and asset purchase: acting like one company, improving our performance as one team, and standardizing our processes into one way of doing things. We're very pleased to say that our internal staff is working together fluidly, and we have identified areas of technical integration that will help us move faster.

During the balance of Q3 2019 we expect that we will focus on demonstrating growth and success to our shareholders, capitalizing on the incredible opportunity ahead of us, and beginning to deliver on the overall technology vision of the Recruiter.com software platform.

Thank you very much for your interest in and support of Recruiter.com. We look forward to communicating regularly with our shareholders through these letters and other communications. Please reach out at any time. Your questions help challenge us to continue unlocking and creating value.

Best,

Miles Jennings

CEO, Recruiter.com Group, Inc.

[e-mail]

Evan Sohn

Executive Chairman, Recruiter.com Group, Inc.

[e-mail]

About Recruiter.com Group, Inc.

(MORE TO FOLLOW) Dow Jones Newswires

August 20, 2019 10:59 ET (14:59 GMT)



Recruiter.com Issues Letter to Shareholders -2-





Recruiter.com Group, Inc., the expert network platform for recruiters, pairs enterprises with the most extensive network of recruiters to drive the hiring of top talent faster and smarter. Recruiter.com offers recruiters SHRM-certified recruitment training and independent earning opportunities. Recruiter.com was voted "Top Tech Company to Watch" by the CT Tech Council, cited as one of the "Top 35 Most Influential Career Sites" by Forbes, and listed by Inc. as one of the "9 Best Websites for Finding Top Talent."

Please visit https://www.recruiter.com or the following social media channels for more information.

LinkedIn Recruiter Network Group: https://www.linkedin.com/groups/42370/

LinkedIn Company Page: https://www.linkedin.com/company/1240434

Twitter Company Page: https://twitter.com/recruiterdotcom

Facebook Company Page: https://www.facebook.com/RecruiterDotCom

Cautionary Note Regarding Forward-Looking Statements.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our future success, the expected role of the engagement, product marketing, and community management functions in our future growth, the success of our integration efforts, the expected timing of achieving full integration and the effect on our business. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about the future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the ability of our technology to perform as expected, our ability to hire qualified professionals for our engagement, our ability to properly integrate businesses, teams, and technology, product marketing, and community management functions, continued demand for professional hiring, our ability to obtain additional financing, and the Risk Factors contained within our filings with the Securities and Exchange Commission including our Annual Report on Form 10-K for the year ended March 31, 2018. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Recruiter.com Contact:

Recruiter.com Group, Inc.

Phone: [phone]

Investor Contact:

KCSA Strategic Communications

Valter Pinto, Managing Director

Phone: [phone]

[e-mail]

[Ryoko]

It seems the 10Q has not spurred any interest. The open is pretty boring actually.

[A. SPEER]

The stock option has been executed at 0.08 for 36m by Sohn Evan

https://twitter.com/vonklein300/status/1163637597580582913?s=21

https://twitter.com/vonklein300/status/1163637790950641664?s=21

[humbleboss]

I hear that I'm just catching up here, just found this when the q came out. Thanks

[ThirdSyte]

HB, I do not like to give PT.

They leave too much room for disagreement, arguementation and disappointment.

I will, however, say...there is a lot of room to go up.

(With our float, perhaps .15-.25)

[A. SPEER]

Yes i believe so
36,093,565 shares of common stock at an exercise price of $0.08 per share

[ThirdSyte]

Insiders now hold 170M

[humbleboss]

President bought 36 mil at .08 in may correct?

[humbleboss]

What's a realistic pps valuation with the merger and this 10q?

[A. SPEER]

Some people just too quick to jump into negative conclusion.

Just some basic narratives,,,if dont know any, dont bother to trade anything at all.

This is a very good 10q. Next q will be amazing .

Some similar players in the industry
27.13$
Kelly services
36m os
Restricted 32.5m
Retail 3.5m

Svmk 17.69$
Survey. Monkey
130m os
Restricted 104m
Retail 26m

Rand 42.47$
Ranstand
6.3m os
Restricted 3.25m
Retail 3.05m

Rcrt $0.039
Recruiter
184m os
179m Restricted
14m Retail

Do the math. Rcrt is way undervalued here

[ThirdSyte]

Read the narrative.

Most of it is from RGI to Recruiter.com and Vocaworks; and related to the merger.

[Ryoko]

What's the deal with the 1.5B convertible shares listed on page 12?

[StudiousDDpays]

OMG - this 10Q says GROWTH! All aboard! 1st stop Silver but save some freebies because this will meet Washington soon enough!!! IMO but DD speaks volume and $$$

[A. SPEER]

Looks v gd!
Huge increase in revenues and cash.
This is going to be huge.
Give it one more q, this will be an easy $1

[StudiousDDpays]

Peep this 10Q https://fintel.io/filings/us/rcrt?utm_source=Twitter&utm_medium=Social&utm_campaign=filing

This stock is tremendously undervalued! Asset growth continues to soar.... Silver is coming, just look at the DD.

This is a throw $500 at it and forget about it stock. It will be the difference between your kid attending Community College or their State’s University..... IMO

[Sweetlife11]

Last time stock was .08 so very well this could be $1

[StudiousDDpays]

It was wasn’t it hehe

[ThirdSyte]

I think that only pertains to an "open limit" order, but once you've been FILLED, the security is yours.

[Ryoko]

Nice $10 paint job 10 seconds before close.

[Sweetlife11]

Really? I always thought sense it said expires 120 days you then can’t hold the stock? Guess I’ll find out thanks for the info

[ThirdSyte]

I must not understand your definition of limit and market buying.

I almost always buy with limit orders, and I hold for as long as I want.

*unfortunately, there are occasions when I want to hold longer than anticipated.

[Sweetlife11]

Up 25%

[Ryoko]

Hmmmm. Something is happening on L2. Tiny rumbling.

[Sweetlife11]

I only limit bought mine mine won’t last till 3q . I’ve already lost $600 so I hope it at least gains some. Your right plus we don’t know what recruiter made for June. Guess I should of bought market. Dumb mistake of mine. When I switched accounts I didn’t know they let you market buy pennies.

[ThirdSyte]

Fully agreed.

On all points.

It would be good to see financial progress, but Q3 -- Decemberish -- is where I expect to see real value added.