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Posted On: 05/26/2019 5:13:43 AM
Post# of 103413
$Rcrt .114 Nasdaq bound , a major reverse merger disguised as an acquisition.Truli Media Group is a NASDAQ quality company dressed up as a reverse merger. The immediate reaction of investors has been disbelieve based on the lack of volume since the announcement. Therein lies the opportunity, because a little due diligence reveals that a major asset is behind this deal. Although valuations are not discussed in the 8-K they can be inferred from the market. In 2016 Monster.com was acquired by Randstad for $429 million. Apollo Global Management bought controlling interest in Careerbuilder.com for an estimated $500 million in 2017. The one thing most investors will agree on is that Recruiter.com the name alone is worth more than $5.0 million which is the current market capitalization of the company. The stock is thinly traded and could move very quickly. The pink current status gives investors the transparency to assume full dilution on the deal of 250 million shares which would place the current market cap of the deal at $12.5 million. The piece of this stock puzzle are almost connecting like a perfect store. There is a very favorable stock structure and the stock is thinly traded. The acquiring company Recruiter.com has great name recognition. The stock appears to be massively undervalued and is well positioned for a NASDAQ listing. Investors could expect future price improvement when the expected follow on press releases that talk about a forthcoming NASDAQ listing. Based on this the 6 month target price is $4.00 or more. http://psinvestor.com/workforce-talent-recrui...s-inc-/
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