Future: Jason Tucker would continue to lead Takeover Industries, Inc. as a wholly owned subsidiary of Metavesco. Contacts: Beast & Ed Sheeran Are In The Mix. 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. We look forward to launching our new, innovative hydrogen infused water formulation in the coming weeks. Reading through the filings the issue isn't even repayment, its more an issue of infighting and governance. In fact, its stable of machine tool companies made it one of the top U.S. builders of the "mother" machines which make all machines. 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. Cave Creek , AZ 85331. That's like 3.5%+ on an annualized basis. The company provides temporary blue-collar staffing services. Safe Harbor Statement On February 27, 2021, Labor Smart, Inc. (the "Company") entered into a Stock Purchase Agreement (the "Agreement") with Takeover Industries, Inc. (the "Seller"). Is Vision Tech more or less likely to receive a hostile takeover bid? Second, IFF is a financial buyer with a very long-term holding period as opposed to a strategic buyer. 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. Labor SMART, Inc. Phone. Ryan SchadelPresident - Metavesco, Inc., a web3 enterprise. But this may not be . Dan FidellVice President of Investor Relations, 609-561-9000 ext 7027 Metavesco is a publicly traded web 3 enterprise. Labor Smart, Inc. ATLANTA, June 07, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the Company), previously announced via Twitter, that the Companywould entertain offers to sell its Registered Trademark, 'Labor Smart', US Trademark Registration number 4311630 (Trademark). The Company is now focused on its subsidiary, Takeover Industries Inc. and rapidly expanding the NXT LVL Line of functional beverage products.. 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 . 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. The Motley Fool has positions in and recommends Activision Blizzard, Microsoft, and Take-Two Interactive Software. The board of directors of CyberScope, Inc., is designing a stock option plan for its CEO that will motivate the CEO to increase the market value of the firm. LTNC has a large block of MVCO stock on its balance sheet that is benefiting from the growth of Takeover. Takeover Industries has just passed its 100-day mark. My roots are in the value school but over time I've learned to respect different approaches. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. 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. Time is of the essence. 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 . 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. Shareholders of Labor Smart will want to know what's included in this LOI. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. 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. 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. Takeover Industries has just passed its 100-day mark. Research suggests that boards of directors perform better if 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. 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. 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. Address. 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. ATLANTA, April 28, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover . All rights reserved. 1. We need to drive revenue in a big way. Takeover Industries Inc. The point is to make money with risks under control. The detail page will show you the real-time trend, you can click into the MSN Money website for more details Utilities are kind of notorious for regulatory intervention. The water..is it dead? Labor Smart, Inc. : Entry into a Material Definitive Agreement, Completion of Acquisition .. Let's get them runway to do so. On the other hand, if the market anticipates that the offer will be rejected, the share price will . Conclusion The valuation for SJI doesn't look particularly rich even when it's trading with most of its merger premium included. Takeover Industries, Inc completed the acquisition of Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction on March 1, 2021. 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. Investopedia. 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. 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 . 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. I'm not here to judge. By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically. 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. This eclectic and creative style of investing seems to suit my personality and interests most closely. No company that is worth $10+ billion acts in this way. Since the announcement date, the utility index is up about 10.6%: But SJI is still trading around ~$34 per share. 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. However, a few things are mitigating my concerns about this deal. Is this happening to you frequently? Amy Marcen-Gaudaur, Sherri M. Altshuler, Melanie Cole, Adria Leung Lim, Sean Green and Barbara Worndl. In 2020, I realized we needed the right sales and marketing partner to scale up our business. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 2. 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. But here, TO needs to raise capital and I believe will absolutely need to dilute. 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. My broker isn't exactly generous in providing margin to hold this stock. 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? I've been writing for Seeking Alpha since 2013 after playing p0ker professionally. Heinz Co and Kraft Foods Group Inc merged their business to become Kraft Heinz Company, a leading global food . Toby, Joe, Mike keep 100 million common shares and send anything over that amount to the LTNC treasury for cancellation. The company offers comprehensive assembly solutions to its many customers worldwide, including wire bonding equipment, packaging materials, and test interconnect products. Smash that like button and subscribe to the channel and as always have a good day!Sources:https://www.globenewswire.com/news-release/2021/03/01/2184340/0/en/Labor-SMART-Inc-Completes-Acquisition-of-Takeover-Industries-Inc.html\\https://twitter.com/cryanschadel?s=21Join this channel to get access to perks:https://www.youtube.com/channel/UCcoE3R47xyO1ApE-A3EjZhA/join FOLLOW ME:Instagram: https://www.instagram.com/murphy4848/Twitter: https://twitter.com/LucasMurphy4848EMAIL: lmurphy4811@gmail.comEquipment-Mouse pad-https://amzn.to/3c1dNQxBlue Yeti -https://amzn.to/2WiPYNEUSB Port-https://amzn.to/2YsC66cBeats-https://amzn.to/3b1s4f1Acer Dual Screen-https://amzn.to/3ffkIrxThe Coffee Grind: https://coffeegrindco.com/Use #STOCKGRINDER for 10% off your purchaseRaze Energy: https://reppsports.com/Use promo code LMYC48 and receive 15% off your purchase order!! 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. Manny Pacquiao said, NXT LVL Hydrogen Spring Water is my secret weapon for fast recovery & natural increased energy during training.. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. PROOF OF SERVICE Executed by Plaintiff Takeover Industries, Inc., upon Defendant Michael Holley served on 1/15/2022, answer due 2/7/2022. 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. Follow me on Twitter @Bramdehaas or email me Dehaas.Bram at Gmail. 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. 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. 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. Please go to the link in the email message to retrieve your password. This deal isn't out of the woods yet. 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. 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. 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. 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. For More Information: 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. While this deal is awaiting approval, shareholders also receive dividends at quarterly intervals. The company recently reported the process is on track and expected to close Q4 2022. April 16, 2021 - 8:25 am. 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. Access additional case information on PACER Use the links below to access additional information about this case on the US Court's PACER system. 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. Apparently, a big name in tech and entertainment is considering making a play for Take-Two. Normally that might not matter. 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 fuel for this rumor appears to be a Thursday morning post on a relatively obscure entertainment website called Xfire. Takeover Explained. 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. Utilities are kind of notorious for regulatory intervention. A Euronext spokeswoman declined to comment . If the deal breaks, the losses could very well amount to something like $8 to $12 per share. InBev offered to buy Anheuser-Busch for $65 . http://nxtlvlusa.com/pacman/. You can sign up for additional alert options at any time. The letter of intent contained a non-binding offer to purchase Takeover Industries in stock and assumed debt. Assuming LTNC does get a spin out done of Takeover, it's unlikely to be on a 1:1 share basis. 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? Takeover deals can be paid in cash, stocks, or both depending on the mutual agreement of parties. | Source: 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. is on the juicy side. 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. 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. 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. Mike Tzanetatos Named Chief Operating Officer of Takeover Industries. TDs (TSX:TD) $13.4 billion First Horizon acquisition delayed again? You must click the activation link in order to complete your subscription. 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. I'm unsure what the strategy will be. I think we can get something done here too. 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 . June 07, 2021 08:40 ET I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. 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. The company was founded in 2011 and is based in Powder Springs, Georgia\". When he's done, LTNC will be a clean vehicle with a great looking balance sheet. I understand that's an awful lot of speculation but I'm confident in my assessment here. Faith Springs, LLC, Blue Ridge, GA is a privately held health company that manufacturers and develops various products.