Consequently, the board is setting the option strike price substantially higher than the current stock price. All things considered, I think this is a reasonably attractive risk/reward and like this as an addition to my portfolio. 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. 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. 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. We look forward to launching our new, innovative hydrogen infused water formulation in the coming weeks. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. HOME | Takeover 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. 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. Metavesco Sends Open Letter, Non-Binding LOI to Takeover Industries Labor SMART, Inc.'s Takeover Industries Signs MOU, to form Joint 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. : 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). Announces Executive Changes, Labor Smart : Shareholder Update (Form 8-K). Manny Pacquiao & The Manny Pacquiao Foundation Sign - Benzinga 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. Copyright 2023 ACCESSWIRE. Reading through the filings the issue isn't even repayment, its more an issue of infighting and governance. Takeover Industries Incorporated: Defendant: Michael Holley, Chirine Holley, David Eisenberg and Unknown Eisenberg: Case Number: . The Company also operates a restaurant franchise and is seeking additional opportunities outside of the staffing industry. 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. This deal isn't out of the woods yet. !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. It's not coming from any sources that can be considered authoritative. I saw in a court filing last week a lender has now sent a demand letter and put the company in default. But what about the LTNC shareholders? 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. The letter of intent contained a non-binding offer to purchase Takeover Industries in stock and assumed debt. We need to drive revenue in a big way. Conclusion The buyer seems favorable, there is a big termination fee and utilities have performed well since deal announcement. Safe Harbor Statement 954.347.8960. First off, this buyout happened at a fairly opportunistic time. Discovery, will start trading on Nasdaq on Monday. Another Busted Stock Exchange Deal: Euronext-Allfunds Talks Collapse 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. An energy drink brand intermixed with NFT's. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. GKN, which has had a hand in making everything from Minis to Spitfires, lost its battle to . More information about the potential factors that could affect the business and financial results is included in the Company's filings on sec.gov. Please see the attached Non-Binding LOI for the acquisition of Takeover Industries, Inc. from Labor Smart, Inc., by Metavesco, Inc. 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. Members of Special Situation Report get exclusive access to our model portfolio. Normally that might not matter. I am not receiving compensation for it (other than from Seeking Alpha). Manny Pacquiao & The Manny Pacquiao Foundation Sign - Nasdaq Manny Pacquiao & The Manny Pacquiao Foundation Sign Endorsement Deal The non-recurring implementation costs are estimated at 75 million. Contacts:Labor SMART, Inc.it@takeoverind.com. --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.. Labor SMART, Inc. Completes Acquisition of Takeover Industries, Inc. Manny Pacquiao & LTNC Takeover Industries Enter into Joint Venture 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 . 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. At the beginning of the year, LTNC acquired Takeover Industries, which produces sports drinks, such as NXT LVL hydrogen water. Latest NXT LVL product "final samples" are being produced & shipped over the next week. The . Faith Springs, LLC, Blue Ridge, GA is a privately held health company that manufacturers and develops various products. Takeover Industries Introduces its Veteran Sales Dream Team You can sign up for additional alert options at any time. This eclectic and creative style of investing seems to suit my personality and interests most closely. HOW TO KILL A COMPANY - The Washington Post Labor SMART, Inc. Completes Acquisition of Takeover Industries, Inc. Future: Jason Tucker would continue to lead Takeover Industries, Inc. as a wholly owned subsidiary of Metavesco. I think we can get something done here too. The water..is it dead? 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. Sell some MVCO, buyback some LTNC, do a reverse merger..really whatever the shareholders decide they want it to be. You owe a sizeable amount of money to at least 2 people/entities for development of Takeover. 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. Second, IFF is a financial buyer with a very long-term holding period as opposed to a strategic buyer. Looking for a portfolio of ideas like this one? The fuel for this rumor appears to be a Thursday morning post on a relatively obscure entertainment website called Xfire. 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. Takeover Industries, Inc. is a subsidiary of Labor Smart, Inc. (LTNC) (the "Company"). The company has a merger agreement with IFF - Infrastructure Investments Fund to be taken private at $36 per share. 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. Heinz Co and Kraft Foods Group Inc merged their business to become Kraft Heinz Company, a leading global food . November 13, 2022. 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 . LTNC Takeover Industries Announces Sale of 'Labor Smart' Trademark Please disable your ad-blocker and refresh. My broker isn't exactly generous in providing margin to hold this stock. 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 could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. 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. Neither Take-Two nor Sony has yet commented on this speculation. 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. But this may not be . Vice President of Sales West 954.347.8960 Twitter FURUs continuously say that this stock will be worth $1-$5 long-term. Takeover Industries: Home of the"NXT LVL" Brand - Twitter If the market anticipates a better offer in the future, the share price will rise above the price extended to you. 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). After submitting your request, you will receive an activation email to the requested email address. AT&T's WarnerMedia unit and Discovery Inc said on Friday that the two firms have completed the merger. Jason Tucker must stay on as President and will have absolute discretion to build his team for Takeover post deal. 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 . Pursuant to the Agreement, the Seller became a wholly owned subsidiary of the Company. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Elon Musk wants to build the next ChatGPT. Shareholders of Labor Smart will want to know what's included in this LOI. Labor SMART, Inc. Completes Acquisition of Takeover Industries, Inc. Tootsie Roll Industries, Inc., together with its subsidiaries, engages in manufacture and sale of . 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. 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. Feb. 28 - March 2, 2023 JW Marriott Bonnet Creek, Orlando, FL. 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. Cookies are used to offer you a better browsing experience and to analyze our traffic. Pavlik further states, The Company was offered, and has agreed to accept the offer of $250,000.00 USD for the sale of the Trademark, and we also retain the right to use the Trademark royalty free for the next two years. 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 exclusive rights to market, sell and promote all hydrogen water products Powered by H2forLife technology via a two-year contract. We will not release or resell your information to third parties without your permission. Finance Chapter 1-3 Flashcards | Quizlet My broker isn't exactly generous in providing margin to hold this stock. South Jersey Industries Stock: A Juicy Merger Spread On A Small-Cap Boustead Holdings Shares Soar After Takeover Proposal Takeover Industries Inc. - Convenience Retailing University Admittedly, a delay to Q1 2023 would not be that surprising. 10h Dismissal: Another win for both the shareholders & TO team as we now can get back focused on building a profitable beverage business. Lenders must be on board with this deal and willing to work with us to build the future. www.sec.gov South Jersey Industries, Inc. (NYSE:SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. I'm unsure what the strategy will be. Metavesco assumes that debt. Zacks.com featured highlights JinkoSolar, UFP Industries, ASE Special-Situation And Event-Driven Ideas To Improve Risk Adjusted Returns, 15 years of investing and I feel like a rookie in his first year at the academy. 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. Labor SMART, Inc. Is Vision Tech more or less likely to receive a hostile takeover bid? ATLANTA, April 28, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover . The entire sales and fulfillment team stays on. Consummation of this transaction will result in a change of control of Labor Smart, Inc. Joe Pavlik would be appointed as the new President and Chief Executive Officer of Labor Smart, Inc. Utility M&A is notoriously a treacherous field. ATLANTA, April 16, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has officially assembled its National Sales Dream Team.Takeover's new National Sales team consists of three accomplished industry veterans with the extensive knowledge, relationships and experience to manage . 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. Assuming LTNC does get a spin out done of Takeover, it's unlikely to be on a 1:1 share basis. The Company is now focused on its subsidiary, Takeover Industries Inc. and rapidly expanding the NXT LVL Line of functional beverage products." The ONLY event dedicated to convenience category managers. Cost basis and return based on previous market day close. 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. 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. I hear it is, but is it? 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. You must click the activation link in order to complete your subscription. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. 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. Takeover Industries Introduces its Veteran Sales Dream Team I pulled up Seeking Alpha's valuations for a set of peers: small-cap utility peer group valuations (Seeking Alpha). Mergers Mergers Merger refers to a strategic process whereby two or more companies mutually form a new single legal venture. 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. Takeover Industries - Products, Competitors, Financials, Employees Horizon Therapeutics plc - Rule 2.12 Announcement We put together employment agreements and add on equity compensation for milestones. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. I'm not here to judge. Dec 28, 2021. Labor Smart, Inc Takeover Industries, Inc. launched its NXT LVL brand in 2021 with high-profile endorsements that have grown to include boxing legend Manny Pacquiao, UFC champion and Professional Fighter's League. On the other hand, if the market anticipates that the offer will be rejected, the share price will . 2021-03-01 | EXPM:LTNC | Press Release | Labor Smart Inc #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 . Utilities are kind of notorious for regulatory intervention. Takeover Industries, Inc. v. Michael Holley et al - PacerMonitor 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. Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. I write the Special Situation Report.I look at special situations like spin-offs, share repurchases, rights offerings and a lot of M&A events. 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 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 . Kulicke & Soffa Industries, Inc. (K&S) is the world's largest manufacturer and supplier of semiconductor assembly equipment. Contacts:Labor SMART, Inc.ir@laborsmart.com. For More Information: On June 22nd, Stan deleted his Twitter account and LTNC's parent company Takeover Industries is suing Mr Barsch for stock manipulation. More importantly, it is a utility. Menu icon A vertical stack of three evenly . 2. Takeover Industries, Inc. v. Stanley Barsch et al RSS Track this Docket Docket Report This docket was last retrieved on June 24, 2021. It was founded in 1946 as the Central Farmers Fertilizer Company. The Motley Fool has a disclosure policy. al. PROOF OF SERVICE Executed by Plaintiff Takeover Industries, Inc., upon Defendant Michael Holley served on 1/15/2022, answer due 2/7/2022. Solvay to acquire Cytec Industries Inc. | Solvay Metavesco Sends Open Letter, Non-Binding LOI to Takeover Industries

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