- Company Currently Trading at $0.07 – Price Projection is now $4.00+
- Company already signalling their desire to uplist to NASDAQ
- Forbes recognizes Recruiter.com as one of the Most Influential Career Sites
Recruiter.com Group, Inc., formerly Truli Technologies, is a leading platform connecting recruiters and employers. They pair enterprises with the most extensive network of recruiters to drive the hiring of top talent faster and smarter. Recently, Recruiter.com was voted “Top Tech Company to Watch” by the CT Tech Council, cited as one of the “Top 35 Most Influential Career Sites” by Forbes, and listed by Inc. as one of the “9 Best Websites for Finding Top Talent.” Visit https://www.recruiter.com to read more about them.
Now, the company has merged with Truli Technologies, Inc. (the “Company”) (OTC: TRLI) (OTC: RCRT) and announced that the Financial Industry Regulatory Authority, Inc. (“FINRA”) has approved the Company’s previously-announced decision to change its name to Recruiter.com Group, Inc. and ticker symbol to ‘RCRT’.
Why is this important for investors and traders? Well, if you read the hundreds of pages of filings and documents that encompass this merger, it becomes clear this is one of the largest mergers to hit the OTCQB market thus far in 2019. The company is now positioned in the market, received approval to change the company trading symbol from TRLI to RCRT, and is now ready to begin releasing information on just how much revenue this company is capable of.
Analysts are suggesting the Recruiter.com currently generates so much in terms of revenue, that it should be looking at uplifting to NASDAQ within 2 years. This is signifcant because since RCRT is currently trading at $0.07, NASDAQ requires a share price of $4.00.
In fact, we were able to uncover a statement made by the CEO that suggests the move to NASDAQ in the near future.
“This milestone opens the door to accessing additional institutional investors and market makers. Additionally, we believe this is an important step in the process to meet the requirements for listing of our common stock on a national securities exchange in the future
Looking at some recent filings, we notice that Recruiter.com Inc held 95% of the common shares, while other insiders and board members hold around 3% effectively leaving a extremely small float of less than 2% of the outstanding share total.
The Analysis conducted by PSinvestor.com shows that the partnership will support placement activity for leading employers by integrating with the Recruiter.com community and platform. The positions are projected to carry placement fees of approximately $200 – $300 Million per year.
Taken together, the price of this stock does not represent the value of the company, by at least a factor of 10. From this, analysts are suggesting this might have the revenues needed to make a significant move in the market, and eventually uplist to a higher stock exchange. The share structure of this stock is near perfect in terms of its undervalued nature. The acquiring company Recruiter.com has one of the greatest brand recognition symbols in the industry. Our analysts believe the stock is massively undervalued and is well positioned for a NASDAQ listing. Investors could expect future price movement when the company breaks word on its expected uplisting to NASDAQ. We believe within a 6 month period, the stock price should be trading between $4.00 and $6.00, and should be applying to NASDAQ within 2020.