November 13, 2022. Please disable your ad-blocker and refresh. 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. Jason Tucker must stay on as President and will have absolute discretion to build his team for Takeover post deal. It serves customers primarily engaged in construction, freight handling, landscaping, warehousing, janitorial, disaster response, light manufacturing, retail, or wholesale operations. GKN, which has had a hand in making everything from Minis to Spitfires, lost its battle to . I highly recommend it (pick episodes around topics that interest you) for the amazing guests that come on with regularity. Pursuant to the Agreement, the Seller became a wholly owned subsidiary of the Company. Since the announcement date, the utility index is up about 10.6%: But SJI is still trading around ~$34 per share. Eric Volkman has no position in any of the stocks mentioned. 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. More importantly, it is a utility. Takeover Industries Incorporated: Defendant: Michael Holley, Chirine Holley, David Eisenberg and Unknown Eisenberg: Case Number: . The average Takeover Industries, stock forecast 2027 represents a -70.82% decrease from the last price of $0.00219999998807907. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. Research suggests that boards of directors perform better if Labor Smart, Inc. : Entry into a Material Definitive Agreement, Completion of Acquisition .. I wrote this article myself, and it expresses my own opinions. They can take longer than expected and get derailed after you've been holding for quite a while. 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. For more information,. 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. Over the last three decades, the Takeover Team has played a significant role in the growth and expansion of performance sports drinks and beverages throughout the entire beverage industry. The executive management team has over 100 years of research, manufacturing, sales, marketing, operations, design, and production experience in the beverage industry. I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. The investor pages that follow are your resource for financial information about South Jersey Industries. The Motley Fool has positions in and recommends Activision Blizzard, Microsoft, and Take-Two Interactive Software. 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 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. 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? In June 2008, Euro-Brazilian beverage company, InBev, made an unsolicited bid for iconic American beer brewer, Anheuser-Busch. My solution for both is simple in nature so Ill present it here in that way in a stream of consciousness manner. The company has a merger agreement with IFF - Infrastructure Investments Fund to be taken private at $36 per share. Sell some MVCO, buyback some LTNC, do a reverse merger..really whatever the shareholders decide they want it to be. Takeover Industries, Inc. v. Stanley Barsch et al RSS Track this Docket Docket Report This docket was last retrieved on June 24, 2021. From November, the dividend ticks up ever so slightly (to $0.3193), as agreed upon in the M&A agreement. Delayed OTC Markets ATLANTA, April 28, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover . Consequently, the board is setting the option strike price substantially higher than the current stock price. 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. The company sup. 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. Phone. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. AT&T's WarnerMedia unit and Discovery Inc said on Friday that the two firms have completed the merger. 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. InBev and Anheuser-Busch. 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). But this may not be . The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Announces Executive Changes, Labor Smart : Shareholder Update (Form 8-K). Neither Take-Two nor Sony has yet commented on this speculation. Disclosure: I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. Shareholders of Labor Smart will want to know what's included in this LOI. We need to drive revenue in a big way. Time is of the essence. Ryan SchadelPresident - Metavesco, Inc., a web3 enterprise. South Jersey Industries, Inc. ( NYSE: SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. Here is my pitch on why this is the way for LTNC shareholders. 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. 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. In addition, the break price could potentially be around ~$28 instead of $24. 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. Mr. Schadel participated in a live Q & A after this announcement, which can be replayed here: We look forward to launching our new, innovative hydrogen infused water formulation in the coming weeks. As a result, its. Stockhouse.com is owned by Stockhouse Publishing Ltd. 2019 Stockhouse Publishing Ltd. All rights reserved. Please see the attached Non-Binding LOI for the acquisition of Takeover Industries, Inc. from Labor Smart, Inc., by Metavesco, Inc. 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. Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. 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. 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. 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 . 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. 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. 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. The letter of intent contained a non-binding offer to purchase Takeover Industries in stock and assumed debt. Takeover Industries has developed the next generation performance water for everyone from athletes to seniors looking to achieve optimal health, performance and overall wellness. Heres What Hedge Funds Think About Tootsie Roll Industries, Inc. (TR) Insider Monkey. Gentlemen of the Board of Directors of Labor Smart, Inc.. It's not coming from any sources that can be considered authoritative. Normally that might not matter. 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. http://nxtlvlusa.com/pacman/. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. That's like 3.5%+ on an annualized basis. 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. More information about the potential factors that could affect the business and financial results is included in the Company's filings on sec.gov. In . Members of Special Situation Report get exclusive access to our model portfolio. Utilities are kind of notorious for regulatory intervention. LTNC has a large block of MVCO stock on its balance sheet that is benefiting from the growth of Takeover. Metavesco is a publicly traded web 3 enterprise. 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. Tootsie Roll Industries, Inc., together with its subsidiaries, engages in manufacture and sale of . Takeover Industries shall issue 6.8 billion RESTRICTED shares of common stock to the shareholders of Labor Smart. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. Investor Relations Overview. I believe this opportunity is being hamstrung by internal issues. 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. I saw in a court filing last week a lender has now sent a demand letter and put the company in default. 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. 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. About Labor SMART, Inc. 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. At the beginning of the year, LTNC acquired Takeover Industries, which produces sports drinks, such as NXT LVL hydrogen water. This is a quote from the merger agreement (emphasis added): IIFs indication of interest noted that IIF is a long-term owner which does not require a realization event after a pre-defined hold period and that IIF has historically provided ongoing financing to support long-term capital requirements, which characteristics make it a desirable owner of public utilities by applicable regulators. 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 . I'm interested in what quants do, options traders do, and even what WallStreetBets is doing (keep your friends close and). Vice President of Sales West 954.347.8960 I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. Takeover deals can be paid in cash, stocks, or both depending on the mutual agreement of parties. 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. Please. Vision Tech's stock price is currently trading at $34 per share. Normally, when a company takeover is announced, the share price of the target company rises to around the level of the offer price. Metavesco assumes that debt. 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. In the winter of 1978, Houdaille common stock was selling for. For example, in 2015, ketchup maker H.J. The Company's mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients. I have no business relationship with any company whose stock is mentioned in this article. However, I quickly discovered why the spread is on the juicy side. 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. Simply Wall St. May-02-19 02:41PM. 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. Less likely Investment banks traditionally help companies raise capital Commercial banks This needs to be done yesterday. --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.. Utility deals tend to be treacherous affairs. All rights reserved. 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). 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. Discovery, will start trading on Nasdaq on Monday. TDs (TSX:TD) $13.4 billion First Horizon acquisition delayed again? Not So Sweet News For Some Brands? 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. Assuming LTNC does get a spin out done of Takeover, it's unlikely to be on a 1:1 share basis. An energy drink brand intermixed with NFT's. Stockhouse membership requires an email address which must be shared by Facebook. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. 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.". If I take in all the above, I'm inclined to believe the market may somewhat overestimate the risk of a deal break. 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 Takeover Industries, Inc completed the acquisition of Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction on March 1, 2021. 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. In 2018 I founded Starshot Capital B.V. A Dutch AIF manager. Can't expand too much on that but you know where I'm going here, I think. On June 22nd, Stan deleted his Twitter account and LTNC's parent company Takeover Industries is suing Mr Barsch for stock manipulation. Will be interesting to see how the lawsuit plays out! I am not receiving compensation for it (other than from Seeking Alpha). See. I am not receiving compensation for it (other than from Seeking Alpha). Small cap utility trades at a 5.5% spread to the $36 acquisition price. PROOF OF SERVICE Executed by Plaintiff Takeover Industries, Inc., upon Defendant Michael Holley served on 1/15/2022, answer due 2/7/2022. ir@laborsmart.com, Get the latest news and updates from Stockhouse on social media, Stockhouse.com uses cookies on this site. This deal isn't out of the woods yet. It is what it is. My broker isn't exactly generous in providing margin to hold this stock. 10h Dismissal: Another win for both the shareholders & TO team as we now can get back focused on building a profitable beverage business. 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. Takeover Industries has just passed its 100-day mark. To make the world smarter, happier, and richer. After submitting your request, you will receive an activation email to the requested email address. If the deal breaks, the losses could very well amount to something like $8 to $12 per share.
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