I am not receiving compensation for it (other than from Seeking Alpha). 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. LTNC peaked at $0.08 at the end of March but since then has crashed over 80%, leaving disgruntled shareholders sitting on huge losses. 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. 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 . The spread of around ~5.5% stood out to me among pending deals. The most exclusive conference for convenience executives, Empowering and developing women in the c-store industry, Assumption of Risk and Waiver of Liability. A more recent docket listing may be available from PACER . 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 . 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. 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. 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. Safe Harbor Statement Everyone calls their lawyer and stops all actions against each other. I have no business relationship with any company whose stock is mentioned in this article. 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 . 954.347.8960. 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. Contacts: The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. I'm interested in what quants do, options traders do, and even what WallStreetBets is doing (keep your friends close and). But you pick up dividends as you wait here worth $0.3193 per quarter per share. The company can then choose its destiny. Reading through the filings the issue isn't even repayment, its more an issue of infighting and governance. NXT LVL Hydrogen Spring Water, sourced from natural springs, is infused with hydrogen and other all-natural supplements to aid in helping athletes prepare and recover from grueling training. The company was founded in 2011 and is based in Powder Springs, Georgia\". You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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. 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. 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. No company that is worth $10+ billion acts in this way. Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. Do not sell my personal infoPrivacy PolicyAssumption of Risk and Waiver of LiabilityContact Us, The ONLY Conference Dedicated to Convenience Category Managers. Disclosure: I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. Current LTNC shareholders maintain their equity ownership on a 1:1 basis, regardless of whatever scorched earth tactic may need to be taken to get us home. ir@laborsmart.com, Get the latest news and updates from Stockhouse on social media, Stockhouse.com uses cookies on this site. In 2018 I founded Starshot Capital B.V. A Dutch AIF manager. 29455 N Cave Creek Rd. *Average returns of all recommendations since inception. If you experience any issues with this process, please contact us for further assistance. Cost basis and return based on previous market day close. I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. Conclusion TDs (TSX:TD) $13.4 billion First Horizon acquisition delayed again? But what about the LTNC shareholders? Investor Relations Overview. I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail. In the first 100 days, the NXT LVL brand was launched, entered into a unique endorsement and joint venture agreements, and launched three products into the US market. That said, Sony has plenty of financial muscle for a big-ticket acquisition should it want to bulk up in the video game segment. I pulled up Seeking Alpha's valuations for a set of peers: small-cap utility peer group valuations (Seeking Alpha). Takeover Industries has developed the next generation performance water for everyone from athletes to seniors looking to achieve optimal health, performance and overall wellness. 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. South Jersey Industries, Inc. ( NYSE: SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. 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 . 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. Lucid Group Inc.'s stock on Thursday was on track to mark its biggest drop in more than a year, after quarterly results that did little to allay ongoing concerns about the electric-vehicle maker. AT&T's WarnerMedia unit and Discovery Inc said on Friday that the two firms have completed the merger. I understand that's an awful lot of speculation but I'm confident in my assessment here. 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. 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. In June 2008, Euro-Brazilian beverage company, InBev, made an unsolicited bid for iconic American beer brewer, Anheuser-Busch. My broker isn't exactly generous in providing margin to hold this stock. 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. 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 consideration therefor, the Company shall issue 6,800,000,000 RESTRICTED shares of . I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. Phone. 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 . 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. Looking for a portfolio of ideas like this one? The Company is now focused on its subsidiary, Takeover Industries Inc. and rapidly expanding the NXT LVL Line of functional beverage products." 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. 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 . Second, IFF is a financial buyer with a very long-term holding period as opposed to a strategic buyer. Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. Menu icon A vertical stack of three evenly . 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. 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. The investor pages that follow are your resource for financial information about South Jersey Industries. 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. Stockhouse membership requires an email address which must be shared by Facebook. The company has a merger agreement with IFF -. Normally that might not matter. 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. Vision Tech's stock price is currently trading at $34 per share. This video is going to be about Labor Smart, Inc (LTNC) "They provide temporary blue-collar staffing services primarily in the United States. 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. You owe a sizeable amount of money to at least 2 people/entities for development of Takeover. ATLANTA, GA - GlobeNewsire -March 1, 2021 / 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 . On July 22, 2021 CSP named NXT LVL Hydrogen Spring Water as a finalist for Best New Product of the Year. I have been doing research in ways to solve global issues since 1994. We will launch two new product lines. 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). He did not provide any more detail. dfidell@sjindustries.com. Here is my pitch on why this is the way for LTNC 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. That means situations around companies or the market where the price can move in a certain direction based on a specific event or ongoing event. An energy drink targeting athletes and body builders. 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). At the beginning of the year, LTNC acquired Takeover Industries, which produces sports drinks, such as NXT LVL hydrogen water. In 2020, I realized we needed the right sales and marketing partner to scale up our business. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. is on the juicy side. Assuming LTNC does get a spin out done of Takeover, it's unlikely to be on a 1:1 share basis. I have no business relationship with any company whose stock is mentioned in this article. We will not release or resell your information to third parties without your permission. The Company believes his experience will be instrumental in transformation for the future. In addition, the break price could potentially be around ~$28 instead of $24. 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. Will be interesting to see how the lawsuit plays out! IIF didn't just talk but also walked the walk as it agreed to a $255 million termination fee. Neither Take-Two nor Sony has yet commented on this speculation. Takeover Industries shall issue 6.8 billion RESTRICTED shares of common stock to the shareholders of Labor Smart. 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 . 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. Rythian added that three of his "trusted and almost always correct sources" confirmed this. Check it out here. 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. Let's get them runway to do so. Thanks for all of your support! This press release contains statements that constitute forward-looking statements. Jun-11-19 09:23AM. April 16, 2021 - 8:25 am. 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. 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 Motley Fool has positions in and recommends Activision Blizzard, Microsoft, and Take-Two Interactive Software. 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. 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. Twitter FURUs continuously say that this stock will be worth $1-$5 long-term. I wrote this article myself, and it expresses my own opinions. 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. 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. The live announcement can be replayed here: https://twitter.com/CRyanSchadel/status/1366149809397248002 . Please go to the link in the email message to retrieve your password. When he's done, LTNC will be a clean vehicle with a great looking balance sheet. Investopedia. Elon Musk wants to build the next ChatGPT. Takeover Explained. 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. 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. Mergers Mergers Merger refers to a strategic process whereby two or more companies mutually form a new single legal venture. Takeover Industries, Inc. is a subsidiary of Labor Smart, Inc. (LTNC) (the "Company"). I gravitate towards special-situations. The hot gossip is that none other than Japanese tech and entertainment giant Sony (SONY 2.88%) is the interested party. They can take longer than expected and get derailed after you've been holding for quite a while. 1. 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. Takeover Industries Overview Update this profile Founded 2021 Status Public Stock Symbol LTNC Investments 1 General Information Description Labor Smart Inc is a United States based company engaged in providing on-demand temporary labor solutions to small and medium-sized businesses. 29455 N Cave Creek Rd. Tootsie Roll Industries (NYSE:TR) Shareholders Have Enjoyed A 57% Share Price Gain. 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? Present: There is tremendous opportunity and potential for Takeover products. Follow me on Twitter here. More importantly, it is a utility. 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. However, a few things are mitigating my concerns about this deal. Let's all get on the same page with an agreement so we can move forward to the future. 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. Since the announcement date, the utility index is up about 10.6%: But SJI is still trading around ~$34 per share. ATLANTA, April 28, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover . Small cap utility trades at a 5.5% spread to the $36 acquisition price. The water..is it dead? 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.". !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. The company recently reported the process is on track and expected to close Q4 2022. 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. Pursuant to the Agreement, the Seller became a wholly owned subsidiary of the Company. 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. Is this happening to you frequently? This will not change the Companys ticker symbol LTNC or the Companys name. 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. If the deal breaks, the losses could very well amount to something like $8 to $12 per share. Takeover Industries, Inc. v. Stanley Barsch et al RSS Track this Docket Docket Report This docket was last retrieved on June 24, 2021. My solution for both is simple in nature so Ill present it here in that way in a stream of consciousness manner. 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. That's like 3.5%+ on an annualized basis. I hear it is, but is it?