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CEO, CFO, Maxim, and Evergreen just did SurgePays Inc. debt dilution financing on March 8th, 2021,
with so much discount and free warrants built-in It effectively priced $SURG at just $0.07-$0.08.
Just 7 to 8 cents for $SURG. As priced by SurgePays Inc.'s own insider management!
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****** 32 MONTH DILUTION DETAILS******
SCURG LOSES ANOTHER LAWSUIT FOR
2. Surge’s Payment to Plaintiffs.
2.1 As of the Effective Date, Surge agrees to issue and/or pay to AltCorp and/or its designee shares of its common stock in an amount equal to three million three hundred thousand dollars ($3,300,000) (the “Payment”) in resolution of the claims against Surge in this Action which are released hereunder arising from the Exchange Agreement and other agreements with Plaintiffs to which Surge is a party and are identified within the Complaint. Surge shall treat the Payment in accordance with generally accepted accounting principles (“GAAP”). The Payment shall be satisfied through the series of issuances of shares of Surge’s common stock to AltCorp and/or its designee as set forth within this Agreement. The shares shall be issued as unrestricted and free-trading upon delivery of a legal opinion to Surge. Any legal opinion required in order to remove any restrictive legends from the shares shall be provided by Surge at its own cost.
4.1 Within three (3) Trading Days of the first (1st) Trading Day of each calendar month after January 8, 2021, (the “Monthly Transfer Deadline”), for a period of thirty-two (32) months after January 8, 2021, Surge shall irrevocably instruct its transfer agent to transfer to AltCorp and/or its designee an amount of Surge’s common stock from the Increased Reserved Shares Quantity (the “Monthly Transferred Shares”) equal in value to one hundred thousand dollars ($100,000) (the “Value Amount”) per month for the thirty-two (32) months following January 8, 2021.
13.1.5 The Monthly Transferred Shares when issued and delivered in accordance with the terms of this Agreement, for the consideration expressed herein, upon receipt of a legal opinion indicating the same, will be free trading without encumbrances and duly and validly issued, fully paid and non-assessable.
CEO BRIAN COX PAST INDICTMENT FOR WIRE FRAUD! CEO BRIAN COX PAST INDICTMENT FOR WIRE FRAUD LINK
https://www.newson6.com/story/5e3632a32f69d76f62051959/oklahoma-cell-phone-company-owner-arrested-on-fraud-charges UNITED STATES OF AMERICA V. KEVIN BRIAN COX
Below is the verified accelerated dilution numbers for
VStock Transfer LLC
18 Lafayette Place
Woodmere, NY 11598 212-828-8436
This section maintained by StockItOut
Q1 and Q2 'Massive' Revenue Increased solely due to
share-dilution purchase acquision of ECS Marketplace.
ECS Marketplace was purchased Sept 30, 2019.
So, year-to-year Quarterly revenue increases from ECS are over.
In fact, ECS already has lower revenue by $10 Million annually,
than when as claimed at purchase on Sept. 30, 2019.
ECS Marketplace is a money losing operation!!
ECS Marketplace, since acquisition, has always been a
money losing operation for Surge Holdings!!
Surge Holdings Inc. files its SEC filings to say:
"At the level of operations, the Company has to borrow funds
to meet basic operating costs."
This Section is Maintained by SurgeGuy 2.0
The Above Information in this Box are based on Lies against the CEO. An easy Google search will confirm the CEO was never convicted of Fraud or anything else....in fact, the Government had to drop the case and apologize!!!!! The other fact is the lies that the company lies on the financials, yet every 10K is audited and SurgePays was up-listed to NASDAQ!!! Despite posts claiming they never applied....
SurgePays has increased revenue over the past 2 years by over 300%!!!!!!
SurgePays is listed on the NASDAQ!!!
SurgePays O/S is only around 12.5M shares
SurgePays has over $12M in cash on hand and has retired all debt!!!!
Revenue continues to grow and will be about 3 times the current market cap!!!!!
First year evaluation has the price per share at $6.63!!!!!!
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