2022.08.24 WednesdayThat means situations around companies or the market where the price can move in a certain direction based on a specific event or ongoing event. A copy of this press release and the definitive acquisition documents will be filed as an exhibit in a Form 8-K, which will be filed with the US Securities and Exchange Commission for the purpose of full and fair disclosure. That's not an insignificant amount on a $3 billion market cap utility and comes to $2 of value per share in case of a deal break. Mike Tzanetatos Named Chief Operating Officer of Takeover Industries. This eclectic and creative style of investing seems to suit my personality and interests most closely. 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 . Sell some MVCO, buyback some LTNC, do a reverse merger..really whatever the shareholders decide they want it to be. 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. On July 22, 2021 CSP named NXT LVL Hydrogen Spring Water as a finalist for Best New Product of the Year. LTNC peaked at $0.08 at the end of March but since then has crashed over 80%, leaving disgruntled shareholders sitting on huge losses. Kulicke & Soffa Industries, Inc. (K&S) is the world's largest manufacturer and supplier of semiconductor assembly equipment. ATLANTA, March 01, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. ( LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States and. Takeover Industries has just passed its 100-day mark. The Company also operates a restaurant franchise and is seeking additional opportunities outside of the staffing industry. He did not provide any more detail. Let's all get on the same page with an agreement so we can move forward to the future. Gentlemen of the Board of Directors of Labor Smart, Inc., Please see the attached Non-Binding LOI for the acquisition of Takeover Industries, Inc. from Labor Smart, Inc., by Metavesco, Inc. 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. My roots are in the value school but over time I've learned to respect different approaches. South Jersey Industries, Inc. ( NYSE: SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. 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. Copyright 2023 ACCESSWIRE. Learn about the foreign exchange markets of yesteryear and today in this article exploring the past, present, and future of FX trading. My solution for both is simple in nature so Ill present it here in that way in a stream of consciousness manner. One of Britain's oldest engineering firms has been sold for 8.1bn to a controversial investment firm. Elon Musk wants to build the next ChatGPT. From November, the dividend ticks up ever so slightly (to $0.3193), as agreed upon in the M&A agreement. Reading through the filings the issue isn't even repayment, its more an issue of infighting and governance. Since 2020 I host a podcast/videocast where I discuss (special-situation/event-driven) market events and investment ideas with top analysts, portfolio managers, hedge fund managers, experts, and other investment professionals. Is Vision Tech more or less likely to receive a hostile takeover bid? I highly recommend it (pick episodes around topics that interest you) for the amazing guests that come on with regularity. -, Labor Smart, Inc. : Change in Directors or Principal Officers (form 8-K), Labor Smart, Inc. Appoints Michael Costello as Chief Executive Officer, Labor Smart, Inc. 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 . Eric Volkman has no position in any of the stocks mentioned. This will equate to a reverse split of everyone's equity position. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. Amy Marcen-Gaudaur, Sherri M. Altshuler, Melanie Cole, Adria Leung Lim, Sean Green and Barbara Worndl. In the first 100 days, the NXT LVL brand was launched, entered into a unique endorsement and joint venture agreements, and launched three . InBev offered to buy Anheuser-Busch for $65 . We put together employment agreements and add on equity compensation for milestones. Small cap utility trades at a 5.5% spread to the $36 acquisition price. I'm interested in what quants do, options traders do, and even what WallStreetBets is doing (keep your friends close and). Labor SMART, Inc. Completes Acquisition of Takeover Industries, Inc. CEO to Retire Half Billion Shares . The letter of intent contained a non-binding offer to purchase Takeover Industries in stock and assumed debt. Contacts: It is what it is. Let's get them runway to do so. By providing your email address below, you are providing consent to South Jersey Industries Inc. to send you the requested Investor Email Alert updates. Neither Take-Two nor Sony has yet commented on this speculation. You must click the activation link in order to complete your subscription. I'm unsure what the strategy will be. For its first 56 years, it was a federation of regional agricultural supply cooperatives. Classified ads from suppliers & service providers, Cannabis-infused food and beverage products, Non-alcoholic functional beverage products, Alcoholic beverage products and brand updates, Companies that support food, beverage and beer brands, Thank you to our 1200+ charter subscribers, Submit your news / press releases to BevNET, A showcase of up-and-coming beverage brands, Brand Ambassador, California - Geloso Beverage Group, District Manager, South Carolina - Geloso Beverage Group, TN Key Account Manager - Geloso Beverage Group, Green Day: Crafts Quest to Reclaim Absinthes Reputation, DFA Looks To Younger Milk Drinkers, Partners With Good Culture. In consideration therefor, the Company shall issue 6,800,000,000 RESTRICTED shares of . 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. This video is going to be about Labor Smart, Inc (LTNC) \"They provide temporary blue-collar staffing services primarily in the United States. The investor pages that follow are your resource for financial information about South Jersey Industries. 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). Cave Creek , AZ 85331. Cost basis and return based on previous market day close. The water..is it dead? The Motley Fool has positions in and recommends Activision Blizzard, Microsoft, and Take-Two Interactive Software. The company can then choose its destiny. He has already started recruiting industry experts to help. 29455 N Cave Creek Rd. The Company is now focused on its subsidiary, Takeover Industries Inc. and rapidly expanding the NXT LVL Line of functional beverage products.. On May 30, 2019, Harborside Inc. (formerly Lineage Grow Company Ltd.) ("Harborside" or the "Company"), completed its reverse takeover of FLRish, Inc. (d/b/a Harborside) ("FLRish") pursuant to the terms of a merger agreement among the . Latest NXT LVL product "final samples" are being produced & shipped over the next week. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Safe Stocks to Buy Hand Over Fist in 2023, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. In the winter of 1978, Houdaille common stock was selling for. IIF also indicated that it was able to fund the transaction with equity fully funded by IIF and that IIF would provide the Company with an equity commitment agreement to such effect in connection with the execution of a definitive merger agreement. Industry: Catalog and mail-order houses , Beverages, except coffee and tea Printer Friendly View Address: 29455 N Cave Creek Rd Ste 118525 Cave Creek, AZ, 85331-3245 United States Phone: Website: www.takeoverind.com Employees (all sites): Actual Revenue: Modelled Year Started: ESG ranking: ESG industry average: What is D&B's ESG Ranking? 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. The buyer seems favorable, there is a big termination fee and utilities have performed well since deal announcement. 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. Learn More. Mr. Schadel participated in a live Q & A after this announcement, which can be replayed here: 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. 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 . Discovery, will start trading on Nasdaq on Monday. LOS ANGELES -- Northrop Grumman Corporation (NYSE: NOC) and Litton Industries Inc. (NYSE: LIT) jointly announced today that they have signed a definitive agreement under which Northrop Grumman will acquire for cash all of the outstanding shares of Litton for $80 per common share and $35 per Series B Preferred share. Mike Tzanetatos Named Chief Operating Officer of Takeover Industries Takeover Industries, the parent company of award-winning NXT LVL Hydrogen Water and energizer shots, announced Mike Tzanetatos will take a senior leadership role as the company's chief operating officer. LTNC has a large block of MVCO stock on its balance sheet that is benefiting from the growth of Takeover. If I take in all the above, I'm inclined to believe the market may somewhat overestimate the risk of a deal break. Cookies are used to offer you a better browsing experience and to analyze our traffic. Takeover Industries Incorporated: Defendant: Michael Holley, Chirine Holley, David Eisenberg and Unknown Eisenberg: Case Number: . Research suggests that boards of directors perform better if is on the juicy side. An energy drink brand intermixed with NFT's. The company has a merger agreement with IFF - Infrastructure Investments Fund to be taken private at $36 per share. At South Jersey Industries Inc. , we promise to treat your data with respect and will not share your information with any third party. In addition, the break price could potentially be around ~$28 instead of $24. The spread is a juicy 5.5% (roughly $2 per share) and it could potentially close before yearend. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. The company has a merger agreement with IFF -. I think we can get something done here too. More information about the potential factors that could affect the business and financial results is included in the Company's filings on sec.gov. 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. ATLANTA, March 01, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. ( LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States and. Its been touted for its ability to improve cellular energy, support the aging process, and improve muscle recovery after a workout. For example, in 2015, ketchup maker H.J. Menu icon A vertical stack of three evenly . Access additional case information on PACER Use the links below to access additional information about this case on the US Court's PACER system. When he's done, LTNC will be a clean vehicle with a great looking balance sheet. All rights reserved. This should be easy to bolt on and build from a different audience. Utility deals tend to be treacherous affairs. Present: There is tremendous opportunity and potential for Takeover products. I am not receiving compensation for it (other than from Seeking Alpha). But here, TO needs to raise capital and I believe will absolutely need to dilute. In addition to serving as a Senator of the Philippines, Pacquiao is also the founder of the Manny Pacquiao Foundation (MPF), a California based non-profit, fighting for those less fortunate and spreading hope around the world. Not So Sweet News For Some Brands? South Jersey Industries, Inc. (NYSE:SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. Labor Smart, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, .. Labor Smart : NXT LVL Hydrogen Water, Hy-Vee Enter Distribution Deal, NXT LVL Hydrogen Water, Hy-Vee Enter Distribution Deal, Labor Smart : Purchase and Sale Agreement (Form 8-K). I admit, its rather lengthy for an LOI, but given the ongoing legal issues at Takeover, this LOI required more legal jargon than I prefer. About Labor SMART, Inc. The Company's clients range from small businesses to Fortune 100 companies. In 2020, I realized we needed the right sales and marketing partner to scale up our business. 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. Second, IFF is a financial buyer with a very long-term holding period as opposed to a strategic buyer. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. That said, Sony has plenty of financial muscle for a big-ticket acquisition should it want to bulk up in the video game segment. Rythian added that three of his "trusted and almost always correct sources" confirmed this. Takeover Explained. STE 118 52 Cave Creek , AZ 85331United States. Manny Pacquiao & The Manny Pacquiao Foundation Sign Endorsement Deal with LTNC Takeover Industries April 18, 2021 9:15 ET| Source: Labor Smart, Inc You owe a sizeable amount of money to at least 2 people/entities for development of Takeover. This will not change the Companys ticker symbol LTNC or the Companys name. I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. I saw in a court filing last week a lender has now sent a demand letter and put the company in default. Investopedia. 954.347.8960. Sell Takeover to Metavesco for 1 million MVCO shares. Please go to the link in the email message to retrieve your password. Taste Radio: Mr. 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. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. We look forward to launching our new, innovative hydrogen infused water formulation in the coming weeks. By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. What I care about is the future of Takeover and the future for Labor Smart shareholders. Pavlik further states, The Company was offered, and has agreed to accept the offer of $250,000.00 USD for the sale of the Trademark, and we also retain the right to use the Trademark royalty free for the next two years. First off, this buyout happened at a fairly opportunistic time. Pursuant to the Agreement, the Seller became a wholly owned subsidiary of the Company. Follow me on Twitter here. Tootsie Roll Industries (NYSE:TR) Shareholders Have Enjoyed A 57% Share Price Gain. Toby, Joe, Mike keep 100 million common shares and send anything over that amount to the LTNC treasury for cancellation. I understand that's an awful lot of speculation but I'm confident in my assessment here. 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. Jason Tucker must stay on as President and will have absolute discretion to build his team for Takeover post deal. For More Information: Mergers Mergers Merger refers to a strategic process whereby two or more companies mutually form a new single legal venture. Members of Special Situation Report get exclusive access to our model portfolio. Tootsie Roll Industries, Inc., together with its subsidiaries, engages in manufacture and sale of . 2. The point is to make money with risks under control. This needs to be done yesterday. Delayed OTC Markets Utilities are kind of notorious for regulatory intervention. 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? Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. Investor Relations Overview. If the market anticipates a better offer in the future, the share price will rise above the price extended to you. For more information, visit:www.TakeoverInd.comand www.NXTLVLUSA.com Email:ir@takeoverind.com. Consummation of this transaction will result in a change of control of Labor Smart, Inc. Joe Pavlik would be appointed as the new President and Chief Executive Officer of Labor Smart, Inc. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. 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. !Webull Referral: https://act.webull.com/n/pgdglbN3EIff/qxa/If your interested in opening a brokerage account click on the link above and start trading!DISCLOSURE: Some of the links that are connected to this page are affiliate links, which means, this is no additional cost to you. STE 118 52. Dec 28, 2021. The end result is a unique premium hydrogen water for consumers who desire improved mental clarity, accelerated physical recovery, and overall wellness through oxidative stress relief. 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. The Company's mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients. The consensus among analysts is that the intrinsic value of Vision Tech's stock is $27 per share. April 16, 2021 - 8:25 am. TDs (TSX:TD) $13.4 billion First Horizon acquisition delayed again? These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. Please disable your ad-blocker and refresh. My broker isn't exactly generous in providing margin to hold this stock. We also use them to share usage information with our partners. The Company is now focused on its subsidiary, Takeover Industries Inc. and rapidly expanding the NXT LVL Line of functional beverage products." 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. Financial Market Data powered by QuoteMedia. Assuming LTNC does get a spin out done of Takeover, it's unlikely to be on a 1:1 share basis. 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. Phone. Significant cross-selling opportunities have been identified with Specialty Polymers, both in aerospace and automotive, as well as with Novecare in oil & gas, agrochemicals and electronics. Looking for a portfolio of ideas like this one? Takeover deals can be paid in cash, stocks, or both depending on the mutual agreement of parties. 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. 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 fuel for this rumor appears to be a Thursday morning post on a relatively obscure entertainment website called Xfire. The board discussed the challenges associated with utility acquisitions several times during negotiations. More importantly, it is a utility. I believe this is in LTNC shareholders best interest and hope you accept the LOI on or before November 16, 2022, at 4pm New York time. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. This deal isn't out of the woods yet. If you experience any issues with this process, please contact us for further assistance. Goldman Sachs advised on $616.7 billion of transactions involving European corporations, according to Securities Data Co. Morgan Stanley is right behind, working on $604 billion of announced . 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.
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