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. For More Information: I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA). 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. | Source: Present: There is tremendous opportunity and potential for Takeover products. 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. The investor pages that follow are your resource for financial information about South Jersey Industries. GKN, which has had a hand in making everything from Minis to Spitfires, lost its battle to . Small cap utility trades at a 5.5% spread to the $36 acquisition price. In the announcement, Ryan Schadel, outgoing President and CEO of Labor Smart, Inc. announced he was canceling and retiring 500 million shares of Labor Smart, Inc. common stock that was removed from the tradeable float. Ryan SchadelPresident - Metavesco, Inc., a web3 enterprise. A Euronext spokeswoman declined to comment . The letter of intent contained a non-binding offer to purchase Takeover Industries in stock and assumed debt. *Average returns of all recommendations since inception. Faith Springs, LLC, Blue Ridge, GA is a privately held health company that manufacturers and develops various products. Eric Volkman has no position in any of the stocks mentioned. These statements appear in a number of places in this press release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. Toby, Joe, Mike keep 100 million common shares and send anything over that amount to the LTNC treasury for cancellation. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail. Utility M&A is notoriously a treacherous field. The executive management team has over 100 years of research, manufacturing, sales, marketing, operations, design, and production experience in the beverage industry. NXT LVL Hydrogen Water is Powered by H2forLife Technology which ensures a hydrogen water with the highest potency of active hydrogen to unlock the body's . 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. 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. 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. 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 exclusive rights to market, sell and promote all hydrogen water products Powered by H2forLife technology via a two-year contract. Utilities are kind of notorious for regulatory intervention. Announces Executive Changes, Labor Smart : Shareholder Update (Form 8-K). IIF didn't just talk but also walked the walk as it agreed to a $255 million termination fee. The Company also operates a restaurant franchise and is seeking additional opportunities outside of the staffing industry. The company was founded in 2011 and is based in Powder Springs, Georgia\". This needs to be done yesterday. It is currently one of the company's main operations and a major step to diversify the company's business from its personnel services. The Company believes his experience will be instrumental in transformation for the future. Menu icon A vertical stack of three evenly . 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. Dec 28, 2021. An energy drink targeting athletes and body builders. But you pick up dividends as you wait here worth $0.3193 per quarter per share. The One With The Umlaut, Harpoon Launches Limited Edition Sticky Bun Stout with Flour Bakery + Caf, Tennessee Brew Works & Turner Hus Brewery Collaborate, Migration to Release Salty Mule Gose for 8th Annual SheBrew Festival. A hot rumor was behind the significant upward move. 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. Everyone calls their lawyer and stops all actions against each other. All the information and ideas presented in this video are my own personal thoughts and ideas.video, music, and pictures provided by Storyblock.comIf you enjoy the content subscribe to the channel as I will continue the content. Taste Radio: Mr. I'm interested in what quants do, options traders do, and even what WallStreetBets is doing (keep your friends close and). 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. Sell some MVCO, buyback some LTNC, do a reverse merger..really whatever the shareholders decide they want it to be. On behalf of the Takeover Industries Inc. team we appreciate the opportunity to work with Mr. Schadel, in continuing the strong relationship with it's shareholders and to bring forth immediate new opportunities in the functional beverage industry," said Pavlik. Follow me on Twitter @Bramdehaas or email me Dehaas.Bram at Gmail. 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. IIF also noted it would obtain committed bridge financing in an amount necessary to cover a back-stop of any existing financing arrangements with change-of-control provisions and transaction costs. 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 the Company'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. The deal, announced live on Twitter via @CRyanSchadel on Sunday February 28, 2021, calls for the issuance of 6.8 billion common shares, RESTRICTED for 12 months, for the acquisition. South Jersey Industries, Inc. ( NYSE: SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. It serves customers primarily engaged in construction, freight handling, landscaping, warehousing, janitorial, disaster response, light manufacturing, retail, or wholesale operations. The point is to make money with risks under control. In this section you will find information about our current and historical share price, analyst coverage, SEC filings, an electronic version of our annual report as well as forms to request additional information. I gravitate towards special-situations. 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. For more information,. The company has a merger agreement with IFF - Infrastructure Investments Fund to be taken private at $36 per share. Gentlemen of the Board of Directors of Labor Smart, Inc.. My broker isn't exactly generous in providing margin to hold this stock. Takeover Industries has just passed its 100-day mark. 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.". As previously stated, we expect to have our first product available for purchase before Easter.. I highly recommend it (pick episodes around topics that interest you) for the amazing guests that come on with regularity. More importantly, it is a utility. Takeover Industries Inc Company Number E11605462021-2 Native Company Number E11605462021-2 Status Active Incorporation Date 12 January 2021 (about 2 years ago) Company Type Domestic Corporation Jurisdiction Nevada (US) Agent Name Registered Agent Inc Agent Address 401 Ryland St, Ste 200-A, Reno, NV, 89502 Directors / Officers Hydrogen water is spring water with hydrogen gas infused and suspended into the water. Meet the founders behind the hottest new brands. Normally, when a company takeover is announced, the share price of the target company rises to around the level of the offer price. 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. 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? Jason Tucker must stay on as President and will have absolute discretion to build his team for Takeover post deal. 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. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Consequently, the board is setting the option strike price substantially higher than the current stock price. Latest NXT LVL product "final samples" are being produced & shipped over the next week. Mike Tzanetatos Named Chief Operating Officer of Takeover Industries. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. STE 118 52 Cave Creek , AZ 85331United States. The ONLY event dedicated to convenience category managers. No company that is worth $10+ billion acts in this way. Thanks for all of your support! When he's done, LTNC will be a clean vehicle with a great looking balance sheet. 1. 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. Labor SMART believes it can make a positive contribution each and every day for the benefit of its clients and temporary employees. 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. On February 27, 2021, Labor Smart, Inc. (the "Company") entered into a Stock Purchase Agreement (the "Agreement") with Takeover Industries, Inc. (the "Seller"). Investopedia. 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. Twitter FURUs continuously say that this stock will be worth $1-$5 long-term. Elon Musk wants to build the next ChatGPT. While this deal is awaiting approval, shareholders also receive dividends at quarterly intervals. Chicago, IL - February 28, 2023 - Stocks in this week's article are JinkoSolar Holding Co., Ltd. JKS, UFP Industries, Inc. UFPI, ASE Technology Holding Co., Ltd . This video is going to be about Labor Smart, Inc (LTNC) \"They provide temporary blue-collar staffing services primarily in the United States. I believe this opportunity is being hamstrung by internal issues. Research suggests that boards of directors perform better if From November, the dividend ticks up ever so slightly (to $0.3193), as agreed upon in the M&A agreement. April 16, 2021 - 8:25 am. Cost basis and return based on previous market day close. Since the announcement date, the utility index is up about 10.6%: But SJI is still trading around ~$34 per share. The Company's clients range from small businesses to Fortune 100 companies. If the market anticipates a better offer in the future, the share price will rise above the price extended to you. The company sup. MHW: Values-Based Gen-Z Driving Alcohol Trends; E-Comm Could See More M&A, Expo West Preview: Alt-Milk Innovators Build Around Clean Ingredients, Baristas, Expo West 2023: New Products From La Colombe, Sanzo, Machu Picchu and More, Download the BevNET & NOSH Insider Booth Planner for Expo West 2023, Pickle Juice Brings Functional Heat with New Chili Lime Shot, C4 Smart Energy Takes Focus at SXSW 2023 As The Official Energy Drink Brand, CELSIUS Celebrates Launch of New Fantasy Vibe Flavor With Celebrity Oceanfront Event In Malibu, Mela Water to Debut at Natural Products Expo West, Waterloo Launches Two New Flavors and Teams Up With Chef Curtis Stone, GURU Organic Energy Appoints Rajaa Grar as Chief Revenue Officer, Hot Out The Oven! 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. Shareholders of Labor Smart will want to know what's included in this LOI. This deal isn't out of the woods yet. The Motley Fool has positions in and recommends Activision Blizzard, Microsoft, and Take-Two Interactive Software. This press release contains statements that constitute forward-looking statements. 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. All rights reserved. Delayed OTC Markets I pulled up Seeking Alpha's valuations for a set of peers: small-cap utility peer group valuations (Seeking Alpha). Labor Smart, Inc. : Entry into a Material Definitive Agreement, Completion of Acquisition .. The live announcement can be replayed here: https://twitter.com/CRyanSchadel/status/1366149809397248002 . Disclosure: I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. Metavesco is a publicly traded web 3 enterprise. Takeover Industries has developed the next generation performance water for everyone from athletes to seniors looking to achieve optimal health, performance and overall wellness. We put together employment agreements and add on equity compensation for milestones. InBev and Anheuser-Busch. Discovery, will start trading on Nasdaq on Monday. Most of my work until 2012 was in climate change and hydrogen, then switched to health when my 82 year-old father was diagnosed with stage 4 cancer, said Day. Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. 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. We will launch two new product lines. Investor Relations Overview. Please see the attached Non-Binding LOI for the acquisition of Takeover Industries, Inc. from Labor Smart, Inc., by Metavesco, Inc. The takeover proposal comes after Boustead posted a net loss of 402.3 million ringgit ($89.9 million) for the fourth quarter of 2022, swinging from a net profit of MYR78.6 million a year ago. 10h Dismissal: Another win for both the shareholders & TO team as we now can get back focused on building a profitable beverage business. 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. At the beginning of the year, LTNC acquired Takeover Industries, which produces sports drinks, such as NXT LVL hydrogen water. I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. I have no business relationship with any company whose stock is mentioned in this article. Access additional case information on PACER Use the links below to access additional information about this case on the US Court's PACER system. November 13, 2022. I understand that's an awful lot of speculation but I'm confident in my assessment here. The detail page will show you the real-time trend, you can click into the MSN Money website for more details I believe the end result will be LTNC is traded faster, with a great balance sheet, and a minority interest in a cutting-edge company, Metavesco. LTNC has a large block of MVCO stock on its balance sheet that is benefiting from the growth of Takeover. The average Takeover Industries, stock forecast 2027 represents a -70.82% decrease from the last price of $0.00219999998807907. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. [email protected], Discover new solutions and ideas from our supplier partners. I write the Special Situation Report.I look at special situations like spin-offs, share repurchases, rights offerings and a lot of M&A events. In addition, the break price could potentially be around ~$28 instead of $24. The company recently reported the process is on track and expected to close Q4 2022. Hopefully you enjoy the video! If I take in all the above, I'm inclined to believe the market may somewhat overestimate the risk of a deal break. This should be easy to bolt on and build from a different audience. As Chairman James Gissona will immediately being the process to put LTNC into receivership or custodianship with the following post deal goals: Mr. Gissona knows what needs to be done to get these checked off. In this section you will find information about our current and historical share price, analyst coverage, SEC filings, an electronic version of our annual report as well as forms to request additional information. I think we can get something done here too. Copyright 2023 ACCESSWIRE. 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. View the, https://twitter.com/CRyanSchadel/status/1366149809397248002, https://twitter.com/StanTradingMan/status/1366183816126214149, The Market Heralds Weekly Cannabis Report Mar 3, 2023, @ the Bell: TSX in the green though rate hikes loom. 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, Inc., announced that its recently acquired subsidiary, Takeover Industries Inc., has officially signed an endorsement deal with Manny Pacquiao and The Manny Pacquiao Foundation.. 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 . Admittedly, a delay to Q1 2023 would not be that surprising. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Takeover Industries, home of NXT LVL @TakeoverInd Takeover Industries Inc | Official Home of NXT LVL Hydrogen Rich Water & Innovative Fitness Technology Performance Beverages #NXTLVL#NXTLVLNation#TeamNXTLVLUp Nevada nxtlvlusa.com/collections/dr Joined February 2021 Tweets 2022 Twitter About Help Center Terms Privacy policy Cookies
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