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. 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. I wrote this article myself, and it expresses my own opinions. Utility deals tend to be treacherous affairs. 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. 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. Copyright 2023 Surperformance. The Company also operates a restaurant franchise and is seeking additional opportunities outside of the staffing industry. 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. In 2020, I realized we needed the right sales and marketing partner to scale up our business. But this may not be . There has been an early August 8-K update that the deal is on track to close Q4 2022. Follow me on Twitter @Bramdehaas or email me Dehaas.Bram at Gmail. Assuming LTNC does get a spin out done of Takeover, it's unlikely to be on a 1:1 share basis. First off, this buyout happened at a fairly opportunistic time. That said, Sony has plenty of financial muscle for a big-ticket acquisition should it want to bulk up in the video game segment. 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. 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. I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. 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 . My broker isn't exactly generous in providing margin to hold this stock. Delayed OTC Markets Second, IFF is a financial buyer with a very long-term holding period as opposed to a strategic buyer. Ryan SchadelPresident - Metavesco, Inc., a web3 enterprise. 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). 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 developed the next generation performance water for everyone from athletes to seniors looking to achieve optimal health, performance and overall wellness. 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. Takeover Industries has just passed its 100-day mark. This was an easy decision as the proceeds will support more areas of our functional beverage brand development. 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 post cites as a source a tweet published on Monday by a self-described "gaming industry analyst" with the Twitter handle of Rythian. Access additional case information on PACER Use the links below to access additional information about this case on the US Court's PACER system. 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 . An email was sent with password retrieval instructions. 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. I believe this opportunity is being hamstrung by internal issues. We also use them to share usage information with our partners. Vision Tech's stock price is currently trading at $34 per share. 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. Conclusion I gravitate towards special-situations. 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. More information about the potential factors that could affect the business and financial results is included in the Company's filings on sec.gov. Members of Special Situation Report get exclusive access to our model portfolio. I am not receiving compensation for it (other than from Seeking Alpha). Present: There is tremendous opportunity and potential for Takeover products. If the market anticipates a better offer in the future, the share price will rise above the price extended to you. 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. LTNC has a large block of MVCO stock on its balance sheet that is benefiting from the growth of Takeover. Follow me on Twitter here. 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. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. South Jersey Industries, Inc. (NYSE:SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. Copyright 2023 ACCESSWIRE. 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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. 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. Financial Market Data powered by QuoteMedia. Manny Pacquiao said, NXT LVL Hydrogen Spring Water is my secret weapon for fast recovery & natural increased energy during training.. The letter of intent contained a non-binding offer to purchase Takeover Industries in stock and assumed debt. 29455 N Cave Creek Rd. This press release contains statements that constitute forward-looking statements. Im very confident of our ability to bring new products to market with a long term, research driven, manufacturing partner like Faith Springs. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. Here is my pitch on why this is the way for LTNC shareholders. 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. 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. I saw in a court filing last week a lender has now sent a demand letter and put the company in default. Mike Tzanetatos Named Chief Operating Officer of Takeover Industries. Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. 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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. Gentlemen of the Board of Directors of Labor Smart, Inc.. 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. Discovery, will start trading on Nasdaq on Monday. I highly recommend it (pick episodes around topics that interest you) for the amazing guests that come on with regularity. 29455 N Cave Creek Rd. Hydrogen water is spring water with hydrogen gas infused and suspended into the water. We put together employment agreements and add on equity compensation for milestones. 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 . 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. https://twitter.com/StanTradingMan/status/1366183816126214149 . Please. Cave Creek , AZ 85331. Consequently, the board is setting the option strike price substantially higher than the current stock price. This video is going to be about Labor Smart, Inc (LTNC) \"They provide temporary blue-collar staffing services primarily in the United States. The company has a merger agreement with IFF -. Labor SMART believes it can make a positive contribution each and every day for the benefit of its clients and temporary employees. 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.". The hot gossip is that none other than Japanese tech and entertainment giant Sony (SONY 2.88%) is the interested party. The company was founded in 2011 and is based in Powder Springs, Georgia\". They can take longer than expected and get derailed after you've been holding for quite a while. 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. 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. My broker isn't exactly generous in providing margin to hold this stock. Menu icon A vertical stack of three evenly . Is Vision Tech more or less likely to receive a hostile takeover bid? If I take in all the above, I'm inclined to believe the market may somewhat overestimate the risk of a deal break. The investor pages that follow are your resource for financial information about South Jersey Industries. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. 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 company offers comprehensive assembly solutions to its many customers worldwide, including wire bonding equipment, packaging materials, and test interconnect products. Kulicke & Soffa Industries, Inc. (K&S) is the world's largest manufacturer and supplier of semiconductor assembly equipment. This will equate to a reverse split of everyone's equity position. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. April 16, 2021 - 8:25 am. Since the announcement date, the utility index is up about 10.6%: But SJI is still trading around ~$34 per share. This should be easy to bolt on and build from a different audience. The letter of intent contained a non-binding offer to purchase Takeover Industries in stock and assumed debt. The spread of around ~5.5% stood out to me among pending deals. Is this happening to you frequently? Mergers Mergers Merger refers to a strategic process whereby two or more companies mutually form a new single legal venture. The valuation for SJI doesn't look particularly rich even when it's trading with most of its merger premium included. 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.