Open to all suggestions!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
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 hope so.
I would imagine once the spinout is done. But I don’t really know.
Bummer you couldn’t vote. From what I could tell the only thing to vote on was new directors and Auditor approval. Not sure those things will have too much effect. Best thing was just to have the meeting for Naz compliance.
Thanks for the response.
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.
Maybe, anyone’s guess.
Oh, probably because 100M was sold into that news even after the cancellation on 2/5/24.
Someone added 59M shares 3/7
And another 33M on 3/14.
Look for more on next update since this traded 93M on 3/19.
Which part?
My personal take is the OS is gonna grow more than any shareholder would like.
However, I could be completely wrong and Ronn truly has control and is only selling the current shares to fund something materially beneficial to the company. I’m 60/40 negative this is the current state. If he can’t make a deal with Chad to hold off on his conversions this ends up like NICH or worse ZAAG.
The only reasons I stick around here is the connection to Arbor Lake Capital ($4-5B in Cap Funding) and the slim possibility NetZero can pre-sale any potential carbon credits this company perceives to hold now or has the ability to generate.
There is always the extremely wild possibility this ends up a SPAC deal since that is ALC’s bread and butter. See the Nubia - HoneyComb Battery Company deal. Arbor Lake was HBC’s advisor.
https://finance.yahoo.com/news/global-graphene-group-honeycomb-battery-110000298.html
Arbor Lake owns 32M shares of RONN.
So there is always the possibility something ridiculously interesting results here.
Anyway, I’ve been digging into this story a long time. There’s a lot more negative history here that currently outweighs the positive stuff. That obviously could change, but if and when is the real question.
GLTU
I only hold as much as I’m willing to lose, I’d suggest the same strategy if able. Flippers have this for now and the price is going to swing a lot unless the company pokes its Turtle Island head (pun) out from under the Ultimate Boats stern with a mouth full of green seaweed.
Morning BB, you checking out the RCRT shareholder meeting /vote?
https://east.virtualshareholdermeeting.com/vsm/web?pvskey=RCRT2024
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 $1B in enterprise value in the next 24 months while returning 100% of cash and maintaining equity %.
— Jesse Tinsley (@JesseTinsley) March 21, 2024
So much opportunity right now on the M&A buy side.
PE is too slow, VC is to beat up and Lenders since SVB are to conservative.
Instead of those 3 options...
— Jesse Tinsley (@JesseTinsley) March 21, 2024
You should sell to @JobMobz we're buying and have closed 6 acquisitions in the last 12 months, with 3 more pending and plans to do 6 more this year.
Don't waste your time and money talking to PE DM me instead.
For the record, I don’t think KJV came over here until after I mentioned I was averaging down my RONN holding when I sold a little bit of AESO.
Not sure if you care, just thought I’d mention it based on the recent convos. I’ve been in and out of RONN since Ben was custodian. The stock originally had less than 10M shares, but John added 300M restricted or so for the merger that were sold to Ronn Ford. So that has contributed to the price tumble.
GLTU
I’ll provide some background just so you know what’s up.
Lee Pharmaceuticals ($LPHM) was a California company that was won in court custodianship/receivership by Ben Berry of Synergy Management in 2021.
Ben moved the company from CA SOS to CO SOS then sold the cleaned shell company to John Morgan (Also CEO of ZAAG, NICH). John borrowed the funds to buy LPHM from Chad Curtis. This is in the filings and the amount borrowed matches what was paid to Synergy.
John sat on the shell and had initially used a company name of Accelerate Global Markets, Corp. also in filings.
March 2023 John sold the shell to what would be the now RONN. He stayed on as an advisor.
🚨 $LPHM
💰0.2500
Pink Current, AS: 500M, OS: 310M, US: 30M
News Published:
RONN Motor Group Announced the Merger and Takeover of LPHM is Nearly Completed
RONN Motor Group Announced the Merger and Takeover of LPHM is Nearly Completed
Update: 2023-03-15 13:48:08 (UTC)
For nearly a year exactly only about 10M shares were added for the most part. Various restricted moving to unrestricted and such.
The news releases were kinda crappy (and subsequently seem oddly aligned with former VYDR shareholder /investors from Ronn’s previous ventures) for the most part during that time and every time they released a PR it was pushed down in price although the dilution was pretty minimal up until after the 100M share reduction. Which did happen actually on 2/5/24, but just after someone diluted 59M shares on 3/7/24 and another 33M on 3/14. All in total the 100M made its way back in the mix from the restricted shares to now what is essentially the DTC float. I think the cancellation was just a way for Ronn “Maxwell” Ford to sell some shares. I don’t think Chad Curtis has converted (Yet) since his converts don’t mature until May2024.
🚨 $RONN
💰0.0098
Pink Current, AS: 500M, OS: 255M, US: 40M
Outstanding Shares Updated:
🔴 355,487,746 (2024-01-29)
🟢 255,487,746 (2024-02-05)
Difference: -28.1% (-100M)
Restricted Shares Updated:
🔴 315,133,396 (2024-01-29)
🟢 215,095,896 (2024-02-05)
Difference: -31.7% (-100M)
Unrestricted Shares Updated:
🔴 40,354,350 (2024-01-29)
🟢 40,391,850 (2024-02-05)
Difference: +0.1% (+37K)
Chart, OTC Profile, Twitter, @otcupdates
GLTU
Why have a huge stable of human recruiters to pay when AI can do stuff like this.
This is fascinating.
— Jesse Tinsley (@JesseTinsley) March 19, 2024
If AI can do interviews it's not far off from doing most of the work.
The EQ and mannerisms of AI in this clip and the last video I shared has advanced a lot quicker than most people expected myself included. https://t.co/8VX3oyROz0
Idk, I’m looking for the Name and ticker change.
I’d like to see the CO SOS updates soon after the meeting, if not before.
https://www.parlevelsystems.com/
Nice partner.
It’s possible the licensing agreement RCRT executed with GOLQ holds high revenue potential since RCRT only had to pay them 16.66% of RCRT O/S and an 8% royalty fee on product licensing revenues.
According to their June 26, 2023 Video presentation they had some sort of AI breakthrough presumably via Radix AI. This is from the video transcript… Gologiq BOD Brent Suen stated:
“Our tech team came to me and my COO and said we've actually just had a massive breakthrough that was, believe it or not, in April of this year, right before we were introduced to Miles and Evan and the team at RCRT. So it could not have been more timely. This breakthrough, by the way, generated 3 million in revenues on a pilot program the first month out with our partner, and this evidence points us towards a $70 million year, one run rate and profitability within three months.
So coming in as we are into RCRT right
now on the heels of this breakthrough, we think is extremely timely and extremely compelling to you all as shareholders of RCRT and subsequently GoLogiq.
——————————-
If RCRT using affiliates (CognoGroup) to license the products at an initial annual run rate of $70M - 8% to $GOLQ = $64.4M run rate.
Say RCRT splits that with $AESO 50/50, that ends up $32.2M annually just from the licensing agreement.
Seems far fetched, but is it? Radix is AI. Combine this with the other $RCRT spinout assets and could be $40M per year for the first few years as they scale and refine the products (development was as stated part of the licensing agreement).
This is all IMO, I do still think GOLQ eventually ends up in the Naz shell, which is why they listed the products could be bought for only $400K. Super cheap for tools that can supposedly generate $70 annually.
$AESO
This guy seems to be having a crackin’ time as the CEO here. Maybe he has shareholder interest as a top priority, hmmm. Anyways, GLTA.
https://www.instagram.com/ben_quick_67?igsh=cjQ4c3B1Z2tpNXZ3
FWIW, I left BABL primarily because Andy and his brother Stuart are shady and heavily involved here. TaylorBlack is no different than the company you share a link too. Same exact players. Andy was the dude that made the clipchamp video and still has the NFT Marketplace link on his Instagram page. He still involved here.
I’m not here to bash, just stating I did the same DD. Everyone has varying comfort levels with OTC plays, this exceeded mine.
Still crazy to me the 1634 watchers of RCRT don’t appear to be looking at $AESO on Stocktwits. Especially since they are being noted as a subsidiary. Guess some just don’t care for OTC.
RCRT = 1,634
AESO = 25
Bananas!
Someone will have to share the details since I don’t hold any $RCRT. No proxy code here.
RCRT has an active proxy link this time around. Good news for them and $AESO since this is a subsidiary according to the PR below. Still moving forward toward value here.
https://seekingalpha.com/pr/19651284-recruiter-com-announces-annual-meeting-and-ceo-transition?hasComeFromMpArticle=false
https://east.virtualshareholdermeeting.com/vsm/web?pvskey=RCRT2024
You would think with a shareholder here with 9.1% of commons this Advisor Group, Arbor Lake Capital would be able to get these assholes a decent deal somewhere. This group moves a lot of loot around.
https://www.linkedin.com/posts/kunlunhong_congratulations-on-the-latest-global-despac-activity-7135486447121301504-wQvM?utm_source=share&utm_medium=member_ios
Technically they executed the Share reduction as promised. Then someone shat all over it! IMO
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!!
Been a pretty long wait and a lot of digging through filings. GLTU
$AESO’s main piece MediaBistro has 150K almost on X. Thats a big following for folks looking at Media related employment.
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
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
The remote login might be cool if it was in the form of a phone app similar to 365Pay.
The military uses apps to remotely pay for goods in their unattended satellite exchanges for snacks and drinks.
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.
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
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.