It is currently one of the company's main operations and a major step to diversify the company's business from its personnel services. ir@laborsmart.com, Get the latest news and updates from Stockhouse on social media, Stockhouse.com uses cookies on this site. The spread of around ~5.5% stood out to me among pending deals. Less likely Investment banks traditionally help companies raise capital Commercial banks GKN, which has had a hand in making everything from Minis to Spitfires, lost its battle to . The Motley Fool has a disclosure policy. Normally, when a company takeover is announced, the share price of the target company rises to around the level of the offer price. The company sup. Through this Joint Venture, Labor Smart, Inc., via its wholly owned subsidiary, Takeover Industries Inc., will secure a minority equity stake in Faith Springs LLC, and be granted the. Twitter FURUs continuously say that this stock will be worth $1-$5 long-term. The National Sales Team joins Takeover Industries, Inc. Co-Founders Toby McBride, former IGNITE Beverage CEO, and Mike Holley, former IGNITE Beverage COO, who have built major brands such as Sobe . It is what it is. The board discussed the challenges associated with utility acquisitions several times during negotiations. April 16, 2021 - 8:25 am. The Labor Smart by-laws will require a shareholder vote to do this deal and the magic Series A Preferred Shares won't be enough per the by-laws and I will not vote any of my personal shares in said vote. More information about the potential factors that could affect the business and financial results is included in the Company's filings on sec.gov. The company has a merger agreement with IFF -. Utility M&A is notoriously a treacherous field. The company uses a proprietary process to manufacture and enhance the in vitro efficacy of its products and is continuing to explore therapeutic areas where lowering oxidative stress can prove beneficial. Takeover Industries shall issue 6.8 billion RESTRICTED shares of common stock to the shareholders of Labor Smart. In 2018 I founded Starshot Capital B.V. A Dutch AIF manager. My broker isn't exactly generous in providing margin to hold this stock. Roughly a week after disclosing a 5.5 billion, or $5.9 billion, bid for the fund-distribution service Allfunds Group, Euronext has pulled the offer. ATLANTA, April 28, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has officially signed an . In consideration therefor, the Company shall issue 6,800,000,000 RESTRICTED shares of . United States. June 07, 2021 08:40 ET TDs (TSX:TD) $13.4 billion First Horizon acquisition delayed again? Takeover Industries, Inc. launched its NXT LVL brand in 2021 with high-profile endorsements that have grown to include boxing legend Manny Pacquiao, UFC champion and Professional Fighter's League. Gentlemen of the Board of Directors of Labor Smart, Inc.. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. If I take in all the above, I'm inclined to believe the market may somewhat overestimate the risk of a deal break. Eric Volkman has no position in any of the stocks mentioned. The Company's clients range from small businesses to Fortune 100 companies. Im confident weve found that partner with the seasoned team of industry veterans at Takeover Industries Inc., New Labor Smart Inc., CEO & Takeover Industries President Joe Pavlik commented, This is truly a significant milestone for the Company, as this lays a solid foundation for future product development. On the other hand, if the market anticipates that the offer will be rejected, the share price will . However, a few things are mitigating my concerns about this deal. Ryan SchadelPresident - Metavesco, Inc., a web3 enterprise. 2. Takeover Industries is an early stage, pre-revenue beverage venture and will become a wholly owned subsidiary of Labor Smart, Inc. Consummation of this transaction will result in a change of control of Labor Smart, Inc. Hydrogen water is spring water with hydrogen gas infused and suspended into the water. My solution for both is simple in nature so Ill present it here in that way in a stream of consciousness manner. Rumor of a potential buyout from a big-pocketed strategic investor was inflating the share price of video game company Take-Two Interactive Software (TTWO 1.23%) on Thursday. But here, TO needs to raise capital and I believe will absolutely need to dilute. I'll adhere to etiquette and not make the LOI itself public, but I will publish this open letter as sort of a TL:DR. I saw in a court filing last week a lender has now sent a demand letter and put the company in default. If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail. The board of directors of CyberScope, Inc., is designing a stock option plan for its CEO that will motivate the CEO to increase the market value of the firm. Investor Insight Here, POET Technologies: Making the Internet Faster, Pelangio Announces Commencement for their 1,000 meter Diamond Drilling Project, Next level energy: Three Sixty Solar (NEO:VSOL) reports on tower benefits & durability, Adastra Holdings (CSE:XTRX) receives Health Canada approval to produce cocaine, Indigo (TSX:IDG) responds with 'we're not going to take it,' after ransomware attack. CUMMING, GA / ACCESSWIRE / November 14, 2022 / Metavesco, Inc. (OTC PINK:MVCO) (the "Company"), a leading publicly-traded Web3 enterprise, today disclosed it sent the below open letter to the Board of Directors of Labor Smart, Inc. and a Non-Binding Letter of Intent to acquire Takeover Industries, a wholly owned subsidiary of Labor Smart, Inc.The letter of intent contained a non-binding offer . The non-recurring implementation costs are estimated at 75 million. This deal isn't out of the woods yet. South Jersey Industries, Inc. (NYSE:SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. A group of private equity firms, including Blackstone Group, Carlyle Group and Hellman & Friedman, agreed to buy a majority stake in medical supply manufacturer and distributor Medline. Assuming LTNC does get a spin out done of Takeover, it's unlikely to be on a 1:1 share basis. For More Information: Making the world smarter, happier, and richer. Apparently, the company will make a play to buy Take-Two if Microsoft succeeds in its determination to acquire Take-Two's fellow video game maker Activision Blizzard. To make the world smarter, happier, and richer. The consensus among analysts is that the intrinsic value of Vision Tech's stock is $27 per share. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Tootsie Roll Industries (NYSE:TR) Shareholders Have Enjoyed A 57% Share Price Gain. Please disable your ad-blocker and refresh. Given my hypothesis in #1, current shareholders are going to be really dependent on a future with LTNC trading and engaged in a growing industry. I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. This deal isn't out of the woods yet. Labor Smart, Inc More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.'s filings with OTC Markets.com. All things considered, I think this is a reasonably attractive risk/reward and like this as an addition to my portfolio. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. At the beginning of the year, LTNC acquired Takeover Industries, which produces sports drinks, such as NXT LVL hydrogen water. Disclosure: I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. Safe Harbor StatementThis release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. November 13, 2022. There has been an early August 8-K update that the deal is on track to close Q4 2022. Thanks for all of your support! I'm interested in what quants do, options traders do, and even what WallStreetBets is doing (keep your friends close and). Learn about the foreign exchange markets of yesteryear and today in this article exploring the past, present, and future of FX trading. Manny Pacquiao said, NXT LVL Hydrogen Spring Water is my secret weapon for fast recovery & natural increased energy during training.. The company supplies general laborers on demand to the light industries, including manufacturing, logistics, and warehousing; and skilled trades' people and general laborers to commercial construction industries. Utilities are kind of notorious for regulatory intervention. Musk's new AI project could have the same effect as his Twitter takeover. That's like 3.5%+ on an annualized basis. We've built a foundation that management believes will deliver rapid growth and high value for our shareholders. Announces Executive Changes, Labor Smart : Shareholder Update (Form 8-K). The Company generates income as a liquidity provider on decentralized crypto exchanges and invests in promising NFT projects and virtual land, primarily on EVM protocols. The fuel for this rumor appears to be a Thursday morning post on a relatively obscure entertainment website called Xfire. This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Labor SMART, Inc. The detail page will show you the real-time trend, you can click into the MSN Money website for more details As a result, its stock zoomed more than 6% higher on the day, trouncing the less than 0.8% gain of the bellwether S&P 500 index. Please go to the link in the email message to retrieve your password. After submitting your request, you will receive an activation email to the requested email address. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. #15 Exhibit J - Text Directing Holley Not to Give Tucker Access to Bank Accounts, #16 Exhibit K - Stock Purchase Agreement, #17 Exhibit L - SEC Form 8K, #18 Exhibit M - LTNC's SEC Form 8K, #19 Exhibit N - LTNC . This was an easy decision as the proceeds will support more areas of our functional beverage brand development. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. Since the announcement date, the utility index is up about 10.6%: But SJI is still trading around ~$34 per share. I'm unsure what the strategy will be. In fact, its stable of machine tool companies made it one of the top U.S. builders of the "mother" machines which make all machines. Shareholders of Labor Smart will want to know what's included in this LOI. I gravitate towards special-situations. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. We also use them to share usage information with our partners. Utility deals tend to be treacherous affairs. The management team of Takeover Industries, Inc. has taken certain actions over the past year to continue the Company's focus on becoming a global force in the beverage industry. If the deal breaks, the losses could very well amount to something like $8 to $12 per share. The letter of intent contained a non-binding offer to purchase Takeover Industries in stock and assumed debt. The resultant company, Warner Bros. I believe building Takeover Industries as a wholly owned subsidiary of Metavesco will be a huge benefit to MVCO shareholders and to the NXT LVL brand. Vice President of Sales West 954.347.8960 Labor Smart, Inc. ATLANTA, June 07, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the Company), previously announced via Twitter, that the Companywould entertain offers to sell its Registered Trademark, 'Labor Smart', US Trademark Registration number 4311630 (Trademark). Rythian added that three of his "trusted and almost always correct sources" confirmed this. Follow me on Twitter @Bramdehaas or email me Dehaas.Bram at Gmail. For its first 56 years, it was a federation of regional agricultural supply cooperatives. Mineralys Therapeutics Presents Positive Lorundrostat Results from the Phase 2 Target-HTN Trial 89bio Presents New Analysis of Data from Phase 2 ENTRIGUE Trial of Pegozafermin in Patients with New Analyses of Sotagliflozin Showing Time to Clinical Benefit Presented at The American College Avrupa Minerals Advances their Slivova Project via Partnership with Western Tethyan Resources, ION Energy Resumes Water Well Drilling at Urgakh Naran Ahead of Schedule, Q2 Metals Outlines Exciting 2023 Exploration Program and Acquires 3900 Hectare Stellar Lithium Property, Luminex Extends Cuyes West to Depth, with 5.0m grading 14.47g/t Au Eq and Identifies Wider, High-grade Zone Including 3.0m Grading 39.87 g/t Au Eq, Intermap wins new North American Insurance Software Contracts, The Next Gold Rush will Gold hit $3,500/oz in 2023? More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.'s filings with OTC Markets.com. Labor SMART was founded to provide reliable, dependable and flexible resources for on-demand personnel to small and large businesses in areas that include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. While the idea of a Sony takeover of Take-Two is certainly enticing for shareholders and intriguing for everyone else, at this point, it's only the thinnest of rumors. We will not release or resell your information to third parties without your permission. We put together employment agreements and add on equity compensation for milestones. At the end of its most recently reported quarter, it had the equivalent of nearly $12 billion in cash and short-term investments and, surely, the ability to secure much more through various types of financing. Vision Tech's stock price is currently trading at $34 per share. Second, IFF is a financial buyer with a very long-term holding period as opposed to a strategic buyer. Is this happening to you frequently? Joe Pavlik, LTNC CEO & Takeover Industries President and Chief Science Officer, said, After review, our executive team has determined that the Trademark does not fit into the long-term plan. As a result, its. GHOST and Cinnabon Unveil new GHOST VEGAN AND WHEY Flavor Collab, Shake Up: How Cocktail Veterans Are Staking a Claim to RTDs, Hard MTN Dew Releases First New Flavor Addition: Livewire in Single-Serve Cans, Del Papa Distributing Announces $50,000 Match Grant Challenge to Support Southeast Texas Food Bank, Benriach The Sixteen Returns to Core Lineup, Spritz Society Collaborates with The Skinny Confidentials Lauryn Bosstick on Exclusive New Flavor: Pink Lemonade, Garden District Taproom: West Palm Beachs First Self-Pour Experience Opens This Month, San Diegos Second Chance Beer Company to Release Fistful of Gummies Berry Edition in Celebration of Womens History Month, Ntrl Vodka Seltzer Taps Chloe Fineman To Star In First National, Integrated Campaign: Ntrl. No company that is worth $10+ billion acts in this way. The spread is a juicy 5.5% (roughly $2 per share) and it could potentially close before yearend. The hot gossip is that none other than Japanese tech and entertainment giant Sony (SONY 2.88%) is the interested party. ATLANTA, May 12, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has entered into a Joint Venture. ATLANTA, May 12, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. ( LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has entered into a Joint. Mike.T@Takeoverind.com, Discover new solutions and ideas from our supplier partners. Discovery, will start trading on Nasdaq on Monday. Labor Smart, Inc. : Entry into a Material Definitive Agreement, Completion of Acquisition .. Takeover Industries has just passed its 100-day mark. The buyer seems favorable, there is a big termination fee and utilities have performed well since deal announcement. https://twitter.com/StanTradingMan/status/1366183816126214149 . In the tweet, Rythian claimed to "have it on extremely good word that if Microsoft acquires Activision Blizzard, Sony is going after Take-Two Interactive to counter it.". Whoever owns the Series A Preferred Shares (I lost track) will sell them to James Gissona for $1 each and everyone that is a board member or officer of Labor Smart, Inc. subsequently resigns and JG becomes the CEO and Chairman. Contacts: If this is truly a long term play for Takeover Industries, why not have someone who can create graphics or an actual digital media/internet marketing expert who can run the website? By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. Heres What Hedge Funds Think About Tootsie Roll Industries, Inc. (TR) Insider Monkey. The executive management team has over 100 years of research, manufacturing, sales, marketing, operations, design, and production experience in the beverage industry. --Labor SMART, Inc., announced that its recently acquired subsidiary, Takeover Industries Inc., has officially signed an endorsement deal with Manny Pacquiao and The Manny Pacquiao Foundation.. Present: There is tremendous opportunity and potential for Takeover products. The Company also operates a restaurant franchise and is seeking additional opportunities outside of the staffing industry. More importantly, it is a utility. Rumor of a potential buyout from a big-pocketed strategic investor was inflating the share price of video game company Take-Two Interactive Software ( TTWO 6.05%) on Thursday. I pulled up Seeking Alpha's valuations for a set of peers: small-cap utility peer group valuations (Seeking Alpha). The Company is now focused on its subsidiary, Takeover Industries Inc. and rapidly expanding the NXT LVL Line of functional beverage products." The Company believes his experience will be instrumental in transformation for the future. | Source: Takeover Industries shall issue 6.8 billion RESTRICTED shares of common stock to the shareholders of Labor Smart. Hopefully you enjoy the video! Takeover Industries Inc. The process begins with pure mountain spring water free of chlorine, fluoride, chromium 6, MTBE, and BPA, is enhanced with various trace mineral complexes, then finished off with infused molecular hydrogen. The shares will get issued to Labor Smart, Inc., as the whole owner of Takeover Industries, Inc. (I'm making assumptions this is still the case). That said, Sony has plenty of financial muscle for a big-ticket acquisition should it want to bulk up in the video game segment. Im very confident of our ability to bring new products to market with a long term, research driven, manufacturing partner like Faith Springs. Cookies are used to offer you a better browsing experience and to analyze our traffic. *Average returns of all recommendations since inception. Access additional case information on PACER Use the links below to access additional information about this case on the US Court's PACER system. H2ForLife is the first and only ultra-concentrated hydrogen rich spring water, canned at the source and enhanced with proprietary technology, delivering the most powerful molecular and atomic hydrogen molecules that work at the cellular level to help rejuvenate the bodys cells while enhancing their functions. We will launch two new product lines. I have been doing research in ways to solve global issues since 1994. ATLANTA, April 16, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has officially assembled its National Sales Dream Team.Takeover's new National Sales team consists of three accomplished industry veterans with the extensive knowledge, relationships and experience to manage . This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Let's get them runway to do so. For example, in 2015, ketchup maker H.J. Danny Day, head of research and development for Faith Springs LLC, ranked one of the worlds Bravest Thinkers by Atlantic Magazine, is excited about the partnership. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Labor SMART, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. According to some resources, adding hydrogen gas to the water increases its health, wellness and antioxidant properties. My approach here lets Jason and team build and lets JG focus solely on clean up with a built-in mechanism to raise capital in the future. The . That's clear from the longer time graph, when looking at the recovery in the utility exchange-traded fund ("ETF") since the deal date, but also because of valuations for a peer group.
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