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The conference is cool to watch. It’s on YouTube. Lots of investment capital floating around!
I sent a request to join it, not sure it ever was approved. A few of my work colleagues are members.
I’m digging a bit more on Evan Sohn since he is a CognoGroup Investor. He seems highly connected due to the Sohn Conference he created with Doug Hirsch (GoodRx founder) in his brother’s memory.
At the very least, he can easily raise capital for growth.
https://jewishstandard.timesofisrael.com/remembering-ira-sohn/
Had the 29th conference about a month ago.
https://www.linkedin.com/posts/evansohn_thank-you-to-all-900-people-who-attended-activity-7182064994727940096-9mCE?utm_source=share&utm_medium=member_ios
Y’all ever check out the LinkedIn group Miles runs -AI exchange? There’s some movers and shakers in there! Wonder what business connections he and Evan are making in that group?
Maybe, IDK. I’m waiting until next week to hit him up. It’s Friday, not worried about it today.
It look like he needs to work with his atty a little more. Or they are missing something else in the annual?
I had to reschedule last minute due to a personal conflict of mine, I put it a couple weeks out.
I’ll let the board know. I’m sure theres little he can tell me about AESO but I have some other questions.
How did your meeting go with Miles? Can you share anything?
I haven't hit it in a long time, so I collected a little at the ask
Yup. Seen it take a few more days for some other plays.
Considering the letter is still active. It should be inactive by now if not accepted
I remember on another ticker that it takes a little more time than just a day or two to go to pink current. JMHO
OK Sounds good. I'm sure he wont be able to provide to much info regarding AESO, but hopefully you can glean a little indication of where we are heading.
I’ll bring it up, I speak to Miles tomorrow.
Hey Stonks, I don't have PM. Usually once a atty letter hits , it goes Pink current within a day or so. The fact it is still Pink limited leads me to believe they need to tweak it a little. Not a big issue, just house cleaning
Yeah but it’s still active though. By Thursday we will see for sure.
I noticed most tier changes happen on Thursday.
It appears they dont like the attorney letter. Probably need to modify for something
Thanks for the update. Did he indicate any timing of things? are we near to some PR's or later this year? What was your feel?
I’m going to ask Miles about his recruiting with ChatGPT class. I’m a recruiter myself looking to update my skills with AI. Once I take the class I’ll post how it went.
This is the wave of the future in recruiting.
Also, Recruiter.com owns RecruitSocial which myself and my team used at a Fortune 500 company. This is an asset i believe is coming into $AESO. It’s a nifty program with a mobile app that includes training and podcasts. Wasn’t optional either, our activity was public for executives to see.
These programs don’t come cheap and big companies like spending big cash on DEI and social recruiting trainings!
$AESO
You have a link or the video title?
Check out Miles interview with Septa.ai (image based AI) on YouTube
Wonder if he’s talking them to join CognoGroup?
A little red but lots of good things coming down the pipeline!
Miles did respond directly to a question of mine via email. Good to have a CEO who responds to shareholders.
Looking forward to PRs. $AESO
Great news, thank you.
Cool, I sent him a thank you from all AESO shareholders.
The proper Attorney letter is now posted
Thanks for being on top of everything! Good he’s this responsive, fast too.
Go a response regarding Atty letter.
We’re aware, and thank you! Working with attorney.
-Miles
Yep ditto. It’s around the corner I’m sure. What’s good is we know there are revenue producing assets coming right out the gate.
I’ll be happy with him just continuing to respond or consistently taking note of my suggestive emails.
I’m just trying to be helpful without being a nuisance. I can imagine these guys get bombarded by irritating shareholders at times.
He needs to put you on the AESO payroll
OK so give him a heads up we need a PR announcing and detailing the assets from RCRT have moved into AESO
I sent him another email, it should populate an Atty letter not the annual report when selecting the disclosure. He’ll probably fix it.
I may have to send him another unless there is something in the annual report that populated that identifies as an Atty letter.
I sent him an email at 0937, he is quick when given info in the form of a heads up.
Attorney letter was just uploaded. Miles reacts quickly. Good to see.
No biggie, the link is the guidelines. OTC is full of stupid little rules.
Yeah I know it’s only for unaudited but didn’t know if you didn’t go dark you will still need it for every annuals submitted.
Good to know.
I believe its because the recent Annual report was unaudited. If unaudited, then you need an attorney letter.
Atty letter is a requirement for Pink Current since this last annual was unaudited.
Attorney Letter within 120 days of the fiscal year end if financial statements are unaudited. From 12/31/23 was 120 days yesterday.
https://www.otcmarkets.com/files/OTCPinkGuidelines.docx
Why would he need an attorney letter?
You use attorney letter when you have gone dark and trying to come back?
Missing something?
I asked Miles about whether an Atty letter was coming soon, other one expired 3/14.
I prefer its current holding pattern. I’m not generally patient enough to bid sit. I’m probably one of the only folks here still averaged over .02 so I’m keen on not see a huge red number where it should be green.
Not to be twisted, but with a 33m float, why can't the 52 week low be tested again while we go through this wait.
BID sitting is impossible.
I've bought that dog shit IGPK three with my AESO BID money.
That’s also a possibility. Not sure what the hold up is.
Seems strange they haven't issued an 8K. That is a material event regardless of the outcome. My hunch is the meeting was delayed.
Seems to have went fine hence the 8k. $RCRT is on the Nasdaq still.
I also sense lots of moving parts behind the scenes. As a recruitment professional
I’m excited about what these guys are doing. We are getting closer and closer.
$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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