On June 22nd, Stan deleted his Twitter account and LTNC's parent company Takeover Industries is suing Mr Barsch for stock manipulation. Research suggests that boards of directors perform better if 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. Takeover Industries, Inc. v. Stanley Barsch et al The company has a merger agreement with IFF - Infrastructure Investments Fund to be taken private at $36 per share. 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. take over: [verb] to assume control or possession of or responsibility for. Another Busted Stock Exchange Deal: Euronext-Allfunds Talks Collapse Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Hopefully you enjoy the video! Takeover Industries, Inc. v. Stanley Barsch et al RSS Track this Docket Docket Report This docket was last retrieved on June 24, 2021. | Source: Contacts:Labor SMART, Inc.ir@laborsmart.com. #NXTLVLNation #NXTLVL 25 119 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 . However, a few things are mitigating my concerns about this deal. The company sup. The valuation for SJI doesn't look particularly rich even when it's trading with most of its merger premium included. STE 118 52 Cave Creek , AZ 85331United States. 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. I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. 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. LTNC 0.0002 0 0.00% : LABOR SMART INC - MSN Money Nothing inherently wrong with dilution to grow the business but the market cap is likely to be quite bloated and will fall quickly as new capital gets raised, potentially wiping out equity value of spun out TO shares. United States. https://twitter.com/StanTradingMan/status/1366183816126214149 . In June 2008, Euro-Brazilian beverage company, InBev, made an unsolicited bid for iconic American beer brewer, Anheuser-Busch. The most exclusive conference for convenience executives, Empowering and developing women in the c-store industry, Assumption of Risk and Waiver of Liability. Stockhouse.com is owned by Stockhouse Publishing Ltd. 2019 Stockhouse Publishing Ltd. All rights reserved. The live announcement can be replayed here: https://twitter.com/CRyanSchadel/status/1366149809397248002 . To make the world smarter, happier, and richer. 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. We've built a foundation that management believes will deliver rapid growth and high value for our shareholders. By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. 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. 2021-03-01 | EXPM:LTNC | Press Release | Labor Smart Inc Second, IFF is a financial buyer with a very long-term holding period as opposed to a strategic buyer. 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Takeover Industries Introduces its Veteran Sales Dream Team 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. Vice President of Sales West 954.347.8960 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. Please go to the link in the email message to retrieve your password. The Motley Fool has a disclosure policy. 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. Utility M&A is notoriously a treacherous field. *Average returns of all recommendations since inception. 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 . Gentlemen of the Board of Directors of Labor Smart, Inc.. Kulicke & Soffa Industries, Inc. (K&S) is the world's largest manufacturer and supplier of semiconductor assembly equipment. The board discussed the challenges associated with utility acquisitions several times during negotiations. 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. After submitting your request, you will receive an activation email to the requested email address. dfidell@sjindustries.com. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. Neither Take-Two nor Sony has yet commented on this speculation. SEC 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 . 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. I'm unsure what the strategy will be. A Euronext spokeswoman declined to comment . Takeover Industries - Products, Competitors, Financials, Employees ir@laborsmart.com, Get the latest news and updates from Stockhouse on social media, Stockhouse.com uses cookies on this site. The company provides temporary blue-collar staffing services. 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? We put together employment agreements and add on equity compensation for milestones. But you pick up dividends as you wait here worth $0.3193 per quarter per share. 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. Dec 28, 2021. If this video was helpful please hit the like button.As always have a nice day!#LTNC #LaborSmartInc They can take longer than expected and get derailed after you've been holding for quite a while. However, I quickly discovered why the spread is on the juicy side. 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. Copyright 2023 ACCESSWIRE. All sign mutual liability releases. #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 . 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. Looking for a portfolio of ideas like this one? But this may not be . Financial Market Data powered by QuoteMedia. Twitter FURUs continuously say that this stock will be worth $1-$5 long-term. That said, Sony has plenty of financial muscle for a big-ticket acquisition should it want to bulk up in the video game segment. Present: There is tremendous opportunity and potential for Takeover products. At South Jersey Industries Inc. , we promise to treat your data with respect and will not share your information with any third party. Less likely Investment banks traditionally help companies raise capital Commercial banks Labor SMART, Inc. Completes Acquisition of Takeover Industries, Inc. When he's done, LTNC will be a clean vehicle with a great looking balance sheet. 29455 N Cave Creek Rd. Thanks for all of your support! 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. I think we can get something done here too. This will not change the Companys ticker symbol LTNC or the Companys name. 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. 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. 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. Takeover Industries Inc :: Nevada (US) :: OpenCorporates Metavesco is a publicly traded web 3 enterprise. Access additional case information on PACER Use the links below to access additional information about this case on the US Court's PACER system. 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. It is what it is. Takeover Industries Introduces its Veteran Sales Dream Team Investopedia. If the deal breaks, the losses could very well amount to something like $8 to $12 per share. 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. 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. 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 . 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. The detail page will show you the real-time trend, you can click into the MSN Money website for more details The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. 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. 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. This needs to be done yesterday. 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. Delayed OTC Markets Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. Please. I wrote this article myself, and it expresses my own opinions. More importantly, it is a utility. Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. South Jersey Industries, Inc. ( NYSE: SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. On closing, shareholders get a smaller stub dividend to make up for the time held between the last dividend and the finalization of the deal. If you have an ad-blocker enabled you may be blocked from proceeding. Invest better with The Motley Fool. Heinz Co and Kraft Foods Group Inc merged their business to become Kraft Heinz Company, a leading global food . Sell Takeover to Metavesco for 1 million MVCO shares. HOW TO KILL A COMPANY - The Washington Post Let's all get on the same page with an agreement so we can move forward to the future. I'm not here to judge. 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. 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. The ONLY event dedicated to convenience category managers. From November, the dividend ticks up ever so slightly (to $0.3193), as agreed upon in the M&A agreement. 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. Making the world smarter, happier, and richer. http://nxtlvlusa.com/pacman/. 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 The non-recurring implementation costs are estimated at 75 million. 954.347.8960. This deal isn't out of the woods yet. Boustead Holdings Shares Soar After Takeover Proposal 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. Taste Radio: Mr. Labor SMART, Inc. Completes Acquisition of Takeover Industries, Inc. Small cap utility trades at a 5.5% spread to the $36 acquisition price. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA). A hot rumor was behind the significant upward move. 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. Rythian added that three of his "trusted and almost always correct sources" confirmed this. 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: . 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. Dan FidellVice President of Investor Relations, 609-561-9000 ext 7027 The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. I pulled up Seeking Alpha's valuations for a set of peers: small-cap utility peer group valuations (Seeking Alpha). 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. Takeover Industries Company Profile: Stock Performance & Earnings The investor pages that follow are your resource for financial information about South Jersey Industries. The spread is a juicy 5.5% (roughly $2 per share) and it could potentially close before yearend. Is this happening to you frequently? It is currently one of the company's main operations and a major step to diversify the company's business from its personnel services. There has been an early August 8-K update that the deal is on track to close Q4 2022. LTNC Takeover Industries Announces Sale of 'Labor Smart' Trademark In 2020, I realized we needed the right sales and marketing partner to scale up our business. Tootsie Roll Industries (NYSE:TR) Shareholders Have Enjoyed A 57% Share Price Gain. 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. A more recent docket listing may be available from PACER . Shareholders of Labor Smart will want to know what's included in this LOI. Labor SMART, Inc. Completes Acquisition of Takeover Industries, Inc. Feb. 28 - March 2, 2023 JW Marriott Bonnet Creek, Orlando, FL. One of Britain's oldest engineering firms has been sold for 8.1bn to a controversial investment firm. Utilities are kind of notorious for regulatory intervention. Metavesco assumes that debt. June 07, 2021 08:40 ET 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 . Learn More. I have no business relationship with any company whose stock is mentioned in this article. Meet the founders behind the hottest new brands. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. Is Vision Tech more or less likely to receive a hostile takeover bid? The executive management team has over 100 years of research, manufacturing, sales, marketing, operations, design, and production experience in the beverage industry. He did not provide any more detail. Cave Creek , AZ 85331. 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. Simply Wall St. May-02-19 02:41PM. You can sign up for additional alert options at any time. Solvay to acquire Cytec Industries Inc. | Solvay For more information,. The company was founded in 2011 and is based in Powder Springs, Georgia\". 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. LTNC peaked at $0.08 at the end of March but since then has crashed over 80%, leaving disgruntled shareholders sitting on huge losses. Hydrogen water is spring water with hydrogen gas infused and suspended into the water. See. 3 High-Growth Stocks That Are Just Getting Started, 3 Stocks at 52-Week Highs Still Worth Buying, 3 Stocks That Could Soar More Than Priceline, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 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. 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. Takeover Industries Inc. Launched A Signature Can For Its NXT LVL 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Can't expand too much on that but you know where I'm going here, I think. 10h Dismissal: Another win for both the shareholders & TO team as we now can get back focused on building a profitable beverage business. 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. Takeover Industries Inc. | LinkedIn 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 . If the market anticipates a better offer in the future, the share price will rise above the price extended to you. 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 .