By providing your email address below, you are providing consent to South Jersey Industries Inc. to send you the requested Investor Email Alert updates. Labor SMART, Inc. The spread of around ~5.5% stood out to me among pending deals. In addition, the break price could potentially be around ~$28 instead of $24. 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 . The company sup. Dec 28, 2021. He has already started recruiting industry experts to help. Address. My roots are in the value school but over time I've learned to respect different approaches. Eric Volkman has no position in any of the stocks mentioned. Disclosure: I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. 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. Normally, when a company takeover is announced, the share price of the target company rises to around the level of the offer price. 29455 N Cave Creek Rd. 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. This video is going to be about Labor Smart, Inc (LTNC) "They provide temporary blue-collar staffing services primarily in the United States. Follow me on Twitter @Bramdehaas or email me Dehaas.Bram at Gmail. The Motley Fool has positions in and recommends Activision Blizzard, Microsoft, and Take-Two Interactive Software. 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. We will not release or resell your information to third parties without your permission. 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. Tootsie Roll Industries, Inc., together with its subsidiaries, engages in manufacture and sale of . Conclusion Jun-11-19 09:23AM. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. We also use them to share usage information with our partners. Please. 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 believe this opportunity is being hamstrung by internal issues. No company that is worth $10+ billion acts in this way. That said, Sony has plenty of financial muscle for a big-ticket acquisition should it want to bulk up in the video game segment. Manny Pacquiao said, NXT LVL Hydrogen Spring Water is my secret weapon for fast recovery & natural increased energy during training.. The water..is it dead? This eclectic and creative style of investing seems to suit my personality and interests most closely. Will be interesting to see how the lawsuit plays out! Gravitas II Capital Corp. ("Gravitas II") (TSXV: GII.P) and Parvis Invest Inc. ("Parvis") are pleased to announce that, in connection with their previously announced proposed business combination . 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. Takeover Industries has just passed its 100-day mark. 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. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. November 13, 2022. Less likely Investment banks traditionally help companies raise capital Commercial banks You've already built some distribution and supply chain capabilities. LTNC has a large block of MVCO stock on its balance sheet that is benefiting from the growth of Takeover. Latest NXT LVL product "final samples" are being produced & shipped over the next week. The company has a merger agreement with IFF -. According to some resources, adding hydrogen gas to the water increases its health, wellness and antioxidant properties. Hydrogen water is spring water with hydrogen gas infused and suspended into the water. Cost basis and return based on previous market day close. 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. Labor Smart, Inc Also, in the announcement, it was disclosed that Mr. Joe Pavlik would be appointed as the new President and CEO of Labor Smart, Inc. Mr. Pavlik comes to the Company with over 20 years' experience as an executive, with extensive experience in all areas of the health, fitness and the performance nutrition industry. 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 . All rights reserved. Normally that might not matter. Smash that like button and subscribe to the channel and as always have a good day!Sources:https://www.globenewswire.com/news-release/2021/03/01/2184340/0/en/Labor-SMART-Inc-Completes-Acquisition-of-Takeover-Industries-Inc.html\\https://twitter.com/cryanschadel?s=21Join this channel to get access to perks:https://www.youtube.com/channel/UCcoE3R47xyO1ApE-A3EjZhA/join FOLLOW ME:Instagram: https://www.instagram.com/murphy4848/Twitter: https://twitter.com/LucasMurphy4848EMAIL: lmurphy4811@gmail.comEquipment-Mouse pad-https://amzn.to/3c1dNQxBlue Yeti -https://amzn.to/2WiPYNEUSB Port-https://amzn.to/2YsC66cBeats-https://amzn.to/3b1s4f1Acer Dual Screen-https://amzn.to/3ffkIrxThe Coffee Grind: https://coffeegrindco.com/Use #STOCKGRINDER for 10% off your purchaseRaze Energy: https://reppsports.com/Use promo code LMYC48 and receive 15% off your purchase order!! 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. 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. I saw in a court filing last week a lender has now sent a demand letter and put the company in default. Boxing champion Manny Pacquiao is regarded as one of the greatest professional boxers of all-time and is the only boxer in history to win titles in eight different weight classes. Everyone calls their lawyer and stops all actions against each other. I gravitate towards special-situations. My broker isn't exactly generous in providing margin to hold this stock. June 07, 2021 08:40 ET CF Industries Holdings, Inc. is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products, based in Deerfield, Illinois, a suburb of Chicago. Since the announcement date, the utility index is up about 10.6%: But SJI is still trading around ~$34 per share. However, a few things are mitigating my concerns about this deal. Metavesco is a publicly traded web 3 enterprise. On February 27, 2021, Labor Smart, Inc. (the "Company") entered into a Stock Purchase Agreement (the "Agreement") with Takeover Industries, Inc. (the "Seller"). We've built a foundation that management believes will deliver rapid growth and high value for our shareholders. This last part might be a bit tough for everyone to get their head around. However, I quickly discovered why the spread is on the juicy side. But what about the LTNC shareholders? 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. Financial Market Data powered by QuoteMedia. I have been doing research in ways to solve global issues since 1994. We will launch two new product lines. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The ONLY event dedicated to convenience category managers. http://nxtlvlusa.com/pacman/. Mr. Schadel is expected to stay on as an advisor as long as necessary and will continue to manage the Company’s effort in becoming current with OTC Markets. 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. Utilities are kind of notorious for regulatory intervention. I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. 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? 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 all get on the same page with an agreement so we can move forward to the future. In 2020, I realized we needed the right sales and marketing partner to scale up our business. Mergers Mergers Merger refers to a strategic process whereby two or more companies mutually form a new single legal venture. 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. Consequently, the board is setting the option strike price substantially higher than the current stock price. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. By continuing to use our service, you agree to our use of cookies. The spread is a juicy 5.5% (roughly $2 per share) and it could potentially close before yearend. For Takeover Industries, stock forecast for 2027 (5 year), 12 predictions are offered for each month of 2027 with average Takeover Industries, stock forecast of $0.0, a high forecast of $0.0, and a low forecast of $0.0. Time is of the essence. STE 118 52. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. --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.. In the winter of 1978, Houdaille common stock was selling for. 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. 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 . I'm not here to judge. Elon Musk wants to build the next ChatGPT. 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. Vice President of Sales West 954.347.8960 The hot gossip is that none other than Japanese tech and entertainment giant Sony (SONY 2.88%) is the interested party. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. 10h Dismissal: Another win for both the shareholders & TO team as we now can get back focused on building a profitable beverage business. 954.347.8960. Invest better with The Motley Fool. Safe Harbor Statement This will not change the Companys ticker symbol LTNC or the Companys name. Utility deals tend to be treacherous affairs. Shareholders of Labor Smart will want to know what's included in this LOI. Copyright 2023 ACCESSWIRE. South Jersey Industries, Inc. ( NYSE: SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. We need to drive revenue in a big way. 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. More importantly, it is a utility. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The non-recurring implementation costs are estimated at 75 million. In 2018 I founded Starshot Capital B.V. A Dutch AIF manager. !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. Sell some MVCO, buyback some LTNC, do a reverse merger..really whatever the shareholders decide they want it to be. 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. Service of the Summons and Complaint were executed upon Jane "Chirene" Doe in compliance with Federal Rules of Civil Procedure by substituted service at home address and by also mailing a copy.Original . 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. 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. United States. Musk's new AI project could have the same effect as his Twitter takeover. 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. Investor Relations Overview. Jason Tucker must stay on as President and will have absolute discretion to build his team for Takeover post deal. 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 transitioning into a diversified holding company, has completed the acquisition of Takeover Industries, Inc. Learn about the foreign exchange markets of yesteryear and today in this article exploring the past, present, and future of FX trading. About Labor SMART, Inc. 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. The investor pages that follow are your resource for financial information about South Jersey Industries. Can't expand too much on that but you know where I'm going here, I think. Takeover Industries shall issue 6.8 billion RESTRICTED shares of common stock to the shareholders of Labor Smart. 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 . DUBLIN, March 01, 2023--In accordance with Rule 2.12 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022 (the "Irish Takeover Rules"), Horizon confirms that, as of the close of business on . Simply Wall St. May-02-19 02:41PM. Special-Situation And Event-Driven Ideas To Improve Risk Adjusted Returns, 15 years of investing and I feel like a rookie in his first year at the academy. For its first 56 years, it was a federation of regional agricultural supply cooperatives. An email was sent with password retrieval instructions. #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 . Research suggests that boards of directors perform better if 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. Follow me on Twitter here. dfidell@sjindustries.com. He did not provide any more detail. In the first 100 days, the NXT LVL brand was launched, entered into a unique endorsement and joint venture agreements, and launched three . Access additional case information on PACER Use the links below to access additional information about this case on the US Court's PACER system. First off, this buyout happened at a fairly opportunistic time. The company recently reported the process is on track and expected to close Q4 2022. 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. Is Vision Tech more or less likely to receive a hostile takeover bid? 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. I have no business relationship with any company whose stock is mentioned in this article. 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. : Change in Directors or Principal Officers (form 8-K), Labor Smart, Inc. Appoints Michael Costello as Chief Executive Officer, Labor Smart, Inc. 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. We look forward to launching our new, innovative hydrogen infused water formulation in the coming weeks. Heinz Co and Kraft Foods Group Inc merged their business to become Kraft Heinz Company, a leading global food . I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. From November, the dividend ticks up ever so slightly (to $0.3193), as agreed upon in the M&A agreement. Do not sell my personal infoPrivacy PolicyAssumption of Risk and Waiver of LiabilityContact Us, The ONLY Conference Dedicated to Convenience Category Managers. Utilities are kind of notorious for regulatory intervention. Utility M&A is notoriously a treacherous field. This will equate to a reverse split of everyone's equity position. It's not coming from any sources that can be considered authoritative. If this video was helpful please hit the like button.As always have a nice day!#LTNC #LaborSmartInc