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Surge Holdings Inc. (SURG)

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Last Post: 9/21/2020 6:49:42 AM - Followers: 80 - Board type: Free - Posts Today: 1

MASSIVE RECORD Q1

LOSSES OF


$3,100,000 EQUAL TO

OVER $30,000


PER DAY!
 
 
____________________________________________________________________________________________________________

Company Profile

Surge leverages its wholly owned subsidiaries (value driven Prepaid Wireless and Fintech products) to build relationships with convenience stores, bodegas, tiendas and community markets that serve the underbanked…..which is now approximately 35% of the people living in the United States. Once the store is onboarded to the SurgePays network and the trusted profit partnership is established then, Surge facilitates the sale of other consumable products through our wholesale marketplace by connecting manufacturers directly to these retail stores.

The SurgePays Marketplace is built on Blockchain Technology and has created a new sales channel that disrupts the traditional c-store distribution and products sales model by providing local retailers with direct access to regional manufacturers from around the country.

This Marketplace software platform additionally provides manufacturers a lower cost and more efficient platform to access mom-n-pop retailers to sell products nationwide without the need to offer cash-flow crunching “net” terms to distributors.


Surge Holdings Revenues Increase Four-Fold to $15.8 Million for the First Quarter of Fiscal 2020
Retires over $4M in debt for upcoming NASDAQ Listing!!!!!
____________________________________________________________________________________________________________
MASSIVE RECORD Q1

LOSSES OF


$3,100,000 EQUAL TO

OVER $30,000


PER DAY!


CEO STATES IN THE

LASTEST FILING....Cash

requirements and capital


expenditures – At the

level of operations, the

Company has to borrow

funds to meet basic

operating costs.




Real companies would

NEVER have to pay a

50% interest rate...case

closed!


Here's the math for all the

recent 50% loans each

month...

so the purchase price was

$350,000 to get back

$378,000 net $28000


Then add 14% interest

rate on the $350,000   net

$49,000

And then add in 400,000

FREE shares of stock net

$110,000


lets add it up...28,000+49,000+110,000 =187,000 return on $350000.

Thats over 50%.... what real company borrows money at 50%?




On March 5, 2020, the Company entered into a Securities Purchase Agreement (the “March 2020 SPA”), with an accredited investor (the “March 2020 Investor”), pursuant to which the March 2020 Investor purchased from the Company, for an aggregate purchase price of $350,000 (the “March 2020 Purchase Price”), a Promissory Note in the principal amount of $378,000 (the “March 2020 Note”). The March 2020 Note will be repaid according to a schedule of fixed interest and principal payments beginning in September 2020. As additional consideration for the March 2020 Investor loaning the March 2020 Purchase Price to the Company, the Company issued to the March 2020 Investor 400,000 shares of Common Stock of the Company.

The March 2020 Note shall accrue interest at a rate of fourteen percent (14%) per annum and will mature on March 5, 2021. No payments of principal or interest are due through August 2020 (five (5) months following issuance) and then there are seven (7) fixed payments of principal and interest due on a monthly basis until maturity.





WHOOOOOPSIES!!!!  RECORD BREAKING $8,300,000 LOSSES FOR 2019 OR DAILY LOSSES OF $23,000 PER DAY!
"At-the-current-level-of-operations,-the-Company-has-to-borrow-funds-to-meet-basic-operating-costs."
*Note: 2019 included $8M for R&D to establish SurgePays software system being installed in over 100K stores. These general expenses are NOT reoccuring or daily loses. 


Surge Holdings 2019 10-K
 


Current Share Structure as of 1 June 2020
Authorized Shares: 500,000,000
Outstanding Shares: 104,426,173
Float: 24,883,854

 

 

 

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SURG News: PAOG CEO On MoneyTV This Friday Discussing Latest CBD Bio Pharma Developments 09/14/2020 12:00:01 PM
SURG News: Quarterly Report (10-q) 08/14/2020 04:41:01 PM
SURG News: Current Report Filing (8-k) 06/29/2020 08:26:15 AM
SURG News: Quarterly Report (10-q) 06/22/2020 08:48:22 AM
SURG News: Current Report Filing (8-k) 05/28/2020 05:17:16 PM
PostSubject
#12878  Sticky Note 100% FALSE! "CEO-came-on-board with creation of Surge Holdings." StockItOut 08/03/20 02:50:36 PM
#12386  Sticky Note CEO BRIAN COX PAST INDICTMENT FOR WIRE FRAUD LINK bUrRpPPP! 07/07/20 04:11:46 PM
#12364  Sticky Note SURG in Spotlight After 300% Topline Growth and SurgeGuy2.0 07/07/20 02:53:45 PM
#13536   "HOLD ME ACCOUNTABLE" Then the CEO hides! bUrRpPPP! 09/21/20 06:49:42 AM
#13535   Yup. CEO of Surge Holdings Inc. intentionally misled shareholders. StockItOut 09/20/20 10:52:19 PM
#13534   How can the O/S increase when the CEO bUrRpPPP! 09/20/20 07:19:27 AM
#13533   I agree! SURG Chart cant be disproven....LOL bUrRpPPP! 09/19/20 07:46:30 AM
#13532   It's just been proven. Now it must be disproven. StockItOut 09/19/20 03:26:08 AM
#13531   The only link a short seller needs! The bUrRpPPP! 09/18/20 05:54:52 PM
#13529   I love Shorting this scam! have 250,000 shares ap17 09/18/20 03:52:46 PM
#13527   If so, can this be proven? I chuck-O-rama 09/18/20 01:45:09 PM
#13526   Yeah, the auditors and CFO lied on the 10-K StockItOut 09/18/20 12:36:24 PM
#13525   Is there a link to this PR statement, chuck-O-rama 09/18/20 12:19:12 PM
#13522   Ok, article has nothing to do with Surge StockItOut 09/18/20 09:58:48 AM
#13521   "Bio pharma" now? HaHaHaHaLOLLOL, Surge Holdings Inc. StockItOut 09/18/20 09:47:37 AM
#13520   Can't find the U.S. trademark registration for 4SIM. StockItOut 09/18/20 09:39:01 AM
#13518   How to make big $$$ trading SURG.... bUrRpPPP! 09/18/20 09:27:47 AM
#13517   Next BULLSHIT VIDEO gets us to single digits! bUrRpPPP! 09/18/20 09:25:26 AM
#13516   Good idea! A second auditor sounds perfect. StockItOut 09/18/20 02:46:21 AM
#13515   Surge Holdings Inc. 2019 10-K & Q3 10-Q StockItOut 09/18/20 02:44:02 AM
#13514   There is a second auditor on Surge's 2019 financials? StockItOut 09/18/20 02:21:48 AM
#13513   Appreciate the compliment. However, I never said the Fallingknife75 09/17/20 10:19:08 PM
#13512   If true, please provide a link to an SurgeGuy2.0 09/17/20 05:46:43 PM
#13511   Surge Holdings only 'audits' annual 10-Ks, though even StockItOut 09/17/20 04:56:47 PM
#13510   Thanks for such solid financial review procedure. StockItOut 09/17/20 04:54:16 PM
#13509   Great clarification........very clear that in order to up SurgeGuy2.0 09/17/20 01:01:46 PM
#13508   I’ll look when I get home. My cell help me 09/17/20 12:08:15 PM
#13507   Not current year. Smooth_Legend 09/17/20 12:05:35 PM
#13506   Go to: FunDude 09/17/20 11:57:26 AM
#13505   Where does it say financials are audited? Give help me 09/17/20 11:48:28 AM
#13504   The Q2 filing clearly states in multiple locations Fallingknife75 09/17/20 11:48:17 AM
#13503   Financials are audited FunDude 09/17/20 11:37:48 AM
#13502   This company will go bankrupt once the CEO Smooth_Legend 09/17/20 11:30:50 AM
#13501   When a company's financials are as bad as Fallingknife75 09/17/20 10:08:13 AM
#13500   Single Digits Today? I'll do what I can bUrRpPPP! 09/17/20 08:57:13 AM
#13499   Just in case you werent aware of CEO's bUrRpPPP! 09/17/20 08:22:07 AM
#13498   Excellent DD and analysis based on real numbers bUrRpPPP! 09/17/20 08:11:41 AM
#13497   Good analysis! Well summarized hitting all relevant Televet 09/17/20 05:01:14 AM
#13496   How fo you factor in increasing company losses? StockItOut 09/17/20 03:24:47 AM
#13495   Excellent idea! Please apply for CEO. Any one StockItOut 09/17/20 03:00:00 AM
#13494   I was recently introduced to SURG on another Fallingknife75 09/17/20 12:10:29 AM
#13493   And matched selling and a T trade help me 09/16/20 07:36:17 PM
#13492   I WILL ALWAYS BE HERE POSTING FACTS ABOUT bUrRpPPP! 09/16/20 06:45:04 PM
#13491   Thanks, it has been a great few weeks chuck-O-rama 09/16/20 05:36:09 PM
#13490   Maybe SURG can work a deal with the MicroInvest77 09/16/20 05:29:01 PM
#13489   It's been a GREAT year!!! I really enjoy shajandr 09/16/20 05:22:31 PM
#13488   New closing low. StockItOut 09/16/20 04:41:59 PM
#13487   Charts never lie SURG 100% SCAM! bUrRpPPP! 09/16/20 04:20:35 PM
#13486   I disagree, very clear a lot of buying chuck-O-rama 09/16/20 03:24:33 PM
#13485   DUMP DUMP DUMP! New LOWS! bUrRpPPP! 09/16/20 02:22:03 PM
#13484   Great Website. Very professional and informative, especially on chuck-O-rama 09/16/20 12:09:03 PM
#13483   Repackage the same old bullshit..down she goes to bUrRpPPP! 09/15/20 06:09:52 PM
#13482   Thanks for Sharing......nice to see new products being SurgeGuy2.0 09/15/20 04:02:52 PM
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