I think many don't understand the Starbucks deal and the...

  1. TDA
    11,411 Posts.
    lightbulb Created with Sketch. 137
    I think many don't understand the Starbucks deal and the enormity of those curated pools, especially 30k for only 2 cities, it's obviously for something very specific like a program they are running in these areas, especially as they only employ 180k full time staff in total.

    The games hey, I wonder if this is helping with the current weakness to get more shares at the 5 day VWAP from the BranchOut acquisition. Seems plausible to me that they would want to get more shares on hand at a lower price:


    Purchase consideration
    The total purchase consideration consists of US$2m cash, payable on completion of the transaction and 7.5m fully paid ordinary shares in 1-Page, which will be issued in 12 months. The price will be on a 5-day volume weighted average price (VWAP). No additional overhead will be added to the existing monthly cost basis of 1-Page.



    18 November 2014
    1-PAGE ACQUIRES BRANCHOUT INC. PROFESSIONAL NETWORKING SERVICE Highlights
    • 1-Page acquires BranchOut Inc. (“BranchOut”), a professional networking service with more than 820 million profiles.
    • 1-Page will leverage the BranchOut service, built and developed on the Facebook platform, to create an employee referral engine for enterprises globally.
    • Employee referrals are a highly effective strategy in sourcing talent. Companies using 1-Page will enhance their talent acquisition efforts and automate their referral process, saving time, money and expanding their reach.
    • Total purchase consideration comprises US$2m cash and 7.5m fully paid ordinary shares in 1-Page, to be issued in 12 months. No additional overhead will be added to 1-Page’s monthly cost base.
      1-Page Limited (“1-Page”) (ASX: 1PG), the enterprise cloud-based talent acquisition platform that revolutionises the way companies hire talent, is pleased to announce that it has entered into an agreement to purchase US-based company BranchOut Inc.
      BranchOut Acquisition Overview
      BranchOut is a professional networking service built on the Facebook platform, capable of reaching and connecting hundreds of millions of users. The service leverages users’ social graphs and networks to help candidates find jobs. With this acquisition, 1-Page will apply its proprietary technology to create a revolutionary employee referral service with detailed professional profiles based on the social graph.
      1-Page leverages the social networks of professionals to enable companies to source prospective candidates in an innovative and more effective way, connecting into their employee referral process, allowing every employee to become in effect, a recruiter.
      The BranchOut acquisition has the potential to provide 1-Page with a much larger footprint into a global recruiting market.

      1-Page Referral Platform for Enterprises
      The 1-Page platform will allow enterprises to discover talent from their own employees’ connections instantly and automate the referral process with a highly targeted approach. 1-Page will enhance the referral engine with users’ profiles by company, position and location.
      Employee referrals are the most effective way for companies to recruit talent, as it has the highest application-to-hire rate and accounts for nearly 40% of all enterprise hires, (source, Jobvite Index 2014)
      . The addition of the referral platform to the existing revolutionary cloud-based Enterprise Challenge-based Assessment and Engagement Platform is extremely positive for existing and future 1- Page clients.
    Purchase consideration
    The total purchase consideration consists of US$2m cash, payable on completion of the transaction and 7.5m fully paid ordinary shares in 1-Page, which will be issued in 12 months. The price will be on a 5-day volume weighted average price (VWAP). No additional overhead will be added to the existing monthly cost basis of 1-Page.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.