In consideration therefor, the Company shall issue 6,800,000,000 RESTRICTED shares of . Follow me on Twitter @Bramdehaas or email me Dehaas.Bram at Gmail. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Utility deals tend to be treacherous affairs. Investor Relations Overview. April 16, 2021 - 8:25 am. 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. The spread is a juicy 5.5% (roughly $2 per share) and it could potentially close before yearend. An energy drink brand intermixed with NFT's. Heinz Co and Kraft Foods Group Inc merged their business to become Kraft Heinz Company, a leading global food . 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 But this may not be . TDs (TSX:TD) $13.4 billion First Horizon acquisition delayed again? For More Information: If I take in all the above, I'm inclined to believe the market may somewhat overestimate the risk of a deal break. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. This deal isn't out of the woods yet. 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). Latest NXT LVL product "final samples" are being produced & shipped over the next week. 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. Im very confident of our ability to bring new products to market with a long term, research driven, manufacturing partner like Faith Springs. 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. 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. 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. For more information,. I gravitate towards special-situations. 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. Let's all get on the same page with an agreement so we can move forward to the future. #NXTLVLNation #NXTLVL 25 119 On June 22nd, Stan deleted his Twitter account and LTNC's parent company Takeover Industries is suing Mr Barsch for stock manipulation. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Manny Pacquiao & The Manny Pacquiao Foundation Sign Endorsement Deal with LTNC Takeover Industries April 18, 2021 9:15 ET| Source: Labor Smart, Inc LTNC peaked at $0.08 at the end of March but since then has crashed over 80%, leaving disgruntled shareholders sitting on huge losses. --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.. As a result, its. Thanks for all of your support! 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. Copyright 2023 ACCESSWIRE. Takeover deals can be paid in cash, stocks, or both depending on the mutual agreement of parties. Contacts:Labor SMART, Inc.ir@laborsmart.com. In June 2008, Euro-Brazilian beverage company, InBev, made an unsolicited bid for iconic American beer brewer, Anheuser-Busch. Contacts: Team Takeover members launched major brands with top-tier distributors including Pepsi, Budweiser, Coors and Miller Distributors, Whole Foods, and brands such as Sobe, Arizona Iced Tea, Xyience, and Ignite International. 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 . Tootsie Roll Industries, Inc., together with its subsidiaries, engages in manufacture and sale of . Everyone calls their lawyer and stops all actions against each other. 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 . Utilities are kind of notorious for regulatory intervention. 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. A copy of this press release and the definitive acquisition documents will be filed as an exhibit in a Form 8-K, which will be filed with the US Securities and Exchange Commission for the purpose of full and fair disclosure. The ONLY event dedicated to convenience category managers. We put together employment agreements and add on equity compensation for milestones. I'm not here to judge. 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. STE 118 52 Cave Creek , AZ 85331United States. Making the world smarter, happier, and richer. 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. My broker isn't exactly generous in providing margin to hold this stock. Cost basis and return based on previous market day close. Time is of the essence. No company that is worth $10+ billion acts in this way. Feb. 28 - March 2, 2023 JW Marriott Bonnet Creek, Orlando, FL. The point is to make money with risks under control. The company has a merger agreement with IFF - Infrastructure Investments Fund to be taken private at $36 per share. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. take over: [verb] to assume control or possession of or responsibility for. 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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. We look forward to launching our new, innovative hydrogen infused water formulation in the coming weeks. 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. !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. Neither Take-Two nor Sony has yet commented on this speculation. The Company is now focused on its subsidiary, Takeover Industries Inc. and rapidly expanding the NXT LVL Line of functional beverage products." While this deal is awaiting approval, shareholders also receive dividends at quarterly intervals. A more recent docket listing may be available from PACER . Dan FidellVice President of Investor Relations, 609-561-9000 ext 7027 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 2. Mergers Mergers Merger refers to a strategic process whereby two or more companies mutually form a new single legal venture. 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. Takeover Explained. Please disable your ad-blocker and refresh. Taste Radio: Mr. By continuing to use our service, you agree to our use of cookies. Jun-11-19 09:23AM. He did not provide any more detail. The investor pages that follow are your resource for financial information about South Jersey Industries. Please. Menu icon A vertical stack of three evenly . 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. In the first 100 days, the NXT LVL brand was launched, entered into a unique endorsement and joint venture agreements, and launched three . In . Kulicke & Soffa Industries, Inc. (K&S) is the world's largest manufacturer and supplier of semiconductor assembly equipment. I wrote this article myself, and it expresses my own opinions. al. 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. 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. Takeover Industries Inc. It is what it is. Access additional case information on PACER Use the links below to access additional information about this case on the US Court's PACER system. He has already started recruiting industry experts to help. Hydrogen water is spring water with hydrogen gas infused and suspended into the water. Follow me on Twitter here. The post cites as a source a tweet published on Monday by a self-described "gaming industry analyst" with the Twitter handle of Rythian. 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. InBev and Anheuser-Busch. I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. 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. 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. 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. I'm confident Jason Tucker wishes to repair LTNC post spin out. 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. Invest better with The Motley Fool. See. 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. The company was founded in 2011 and is based in Powder Springs, Georgia\". Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. 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. 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. The Motley Fool has a disclosure policy. Check it out here. Industry: Catalog and mail-order houses , Beverages, except coffee and tea Printer Friendly View Address: 29455 N Cave Creek Rd Ste 118525 Cave Creek, AZ, 85331-3245 United States Phone: Website: www.takeoverind.com Employees (all sites): Actual Revenue: Modelled Year Started: ESG ranking: ESG industry average: What is D&B's ESG Ranking? 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. 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. What I care about is the future of Takeover and the future for Labor Smart shareholders. The Company's clients range from small businesses to Fortune 100 companies. The executive management team has over 100 years of research, manufacturing, sales, marketing, operations, design, and production experience in the beverage industry. Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. Metavesco assumes that debt. 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. Can't expand too much on that but you know where I'm going here, I think. I have been doing research in ways to solve global issues since 1994. 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. The resultant company, Warner Bros. ATLANTA, March 17, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the Company), a leader in providing on-demand blue collar staffing primarily in the southeastern United States, transitioning into a diversified holding company, today announced it has signed a Memorandum of Understanding and will create a Joint Venture with Faith Springs, LLC d/b/a H2ForLife. 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. 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? The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. That said, Sony has plenty of financial muscle for a big-ticket acquisition should it want to bulk up in the video game segment. This will equate to a reverse split of everyone's equity position. Psyence Group: pioneering the use of natural psychedelics for mental health and wellbeing, The best gold opportunities in Quebec lie in the James Bay region thanks to this Canadian-based exploration company, The tech company making the most gains on the TSX. I am not receiving compensation for it (other than from Seeking Alpha). If you have an ad-blocker enabled you may be blocked from proceeding. 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 . 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. Is this happening to you frequently? 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. All rights reserved. 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. 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? 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. I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. Assuming LTNC does get a spin out done of Takeover, it's unlikely to be on a 1:1 share basis. The deal, announced live on Twitter via @CRyanSchadel on Sunday February 28, 2021, calls for the issuance of 6.8 billion common shares, RESTRICTED for 12 months, for the acquisition. Takeover Industries, Inc completed the acquisition of Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction on March 1, 2021. Pursuant to the Agreement, the Seller became a wholly owned subsidiary of the Company. Dec 28, 2021. Labor Smart, Inc is vulnerable to a hostile takeover that benefits no one, and I'm not talking about from Toby, Mike, et. You've already built some distribution and supply chain capabilities. Vice President of Sales West 954.347.8960 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 Venture. Hopefully you enjoy the video! I saw in a court filing last week a lender has now sent a demand letter and put the company in default. 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 potential. However, a few things are mitigating my concerns about this deal. Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. This needs to be done yesterday. Rythian added that three of his "trusted and almost always correct sources" confirmed this. Members of Special Situation Report get exclusive access to our model portfolio. Stockhouse.com is owned by Stockhouse Publishing Ltd. 2019 Stockhouse Publishing Ltd. All rights reserved. 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. 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. In 2018 I founded Starshot Capital B.V. A Dutch AIF manager. About Labor SMART, Inc. Consequently, the board is setting the option strike price substantially higher than the current stock price. Lenders must be on board with this deal and willing to work with us to build the future. Normally that might not matter. 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. 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.". -, 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. 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 this is in LTNC shareholders best interest and hope you accept the LOI on or before November 16, 2022, at 4pm New York time. Since the announcement date, the utility index is up about 10.6%: But SJI is still trading around ~$34 per share. We also use them to share usage information with our partners. 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. You owe a sizeable amount of money to at least 2 people/entities for development of Takeover. 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.