SurgePays Inc (SURG)

[shajandr]

LOLOL!!! Miss this? There have already been CONversions begun!

"SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS

Item 1.01 Entry into a Material Definitive Agreement

On or about April 1, 2016, the Company received a “Notice of Conversion” from Paywall, Inc. (“Paywall”) pursuant to a March 23, 2016 addendum to a Convertible Promissory Note dated January 19, 2016 (the “Conversion”). Pursuant to this Conversion, the Company was obligated to issue to Paywall, Inc. 454,545 shares of Common Stock restricted in accordance with Rule 144 in exchange for the forgiveness of $20,000 owed to Paywall."

Whoops-oops!!! Reading is fundamental!!!

And THIS wasn't even TCA!!! This was ANOTHER CONvertible debt note in the pile at KSIX!!!

And TCA is notorious for being a ruthless toxic financier diluter - and their FIRST tranche of toxic FLOORLESS CONvertible debt is 6 months old THIS month (end of August) and that tranche can then be CONverted directly into UNRESTRICTED shares as it's 'aged debt' after 6 months - and IMMEDIATELY DUMPED into the market. As it's in the FLOAT immediately upon CONversion if it's 'aged debt' (6 months or more for a reporting issuer).

OUCH!!! OUCHIE!!! OWWWW!!!

Share structure is TRASH with all that FLOORLESS CONvertible debt.

BAM!!! FACT!!!!