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New Analyst Coverage.. Strong sell price target $1.25.
Link? \No? No surprise! lolzzzzzz, whole market down...........lolzzzzz
Complete and 100% BS! lolzzzzzzz
We're-finally-profitable,-on-crazy-impossible-sign-up-revenue,-yet-we're-gonna-file-a-400%-dilution-shelf...$SURG $SCAM.
FACT!
Now David May attempting to save the $SURG chart.
He's likely profited well aligning 321 Communications with the SurgePays Inc. $SCAM.
Bullshit insiders buys in order to dump more shares!
Get out while u can TD stock analysis is a “1” out of 10. The Street says SELL NOW
My broker says $SURG back to $0.75.
Geo investing... good firm. They rarely change their mind on a company unless they uncover something very sketchy...in this case that happened very quickly! Whoopsie!
From what analyst, institution, or fund is this announcement?
Via email, or available on the net with a link?
.
"This will also give us time to complete additional due diligence into the company."
Like a 400% dilution shelf of a revenue jumping supposed soon-to-be profitable company is not already SurgePays itself as the company communicating with a huge heads-up of the share-swapping insider self-benefitting $SURG $SCAM SurgePays Inc. is.
"But given the history...
lol!
"One thing that we need to keep in mind is that the company’s legacy business is still losing money."
I said the same thing!
"So, does the company want to raise money for that piece of the business?"
EXACTLY!
"We just don’t understand the move to file a shelf given the current circumstances."
Unless SurgePays Inc. is a fraud, and their revenues are fake.
"[earnings] estimates.. indicate... no reason to raise money at all and that the company can probably fund its growth organically for the foreseeable future."
EXACTLY!
SELL RATING NEW PRICE TARGET $1.75!
**Call To Action
We are removing SURG From Our Speculative/Special Situation Model Portfolio
On April 8, 2022 we added Surgepays, Inc. (NASDAQ:SURG) $3.54; $42.6 M market cap) to our Speculative Long Model Portfolio on the heels of its recent acquisition announcement of Torch Wireless, a provider of wireless broadband with the FCC’s Affordable Connectivity Program (ACP). The acquisition enables SURG to be a provider in all 50 states, up from 14 prior.
However, we are removing SURG from the model portfolio as we think it’s prudent to take a deeper dive into the Company, the Torch acquisition and reasons behind the company’s recent shelf filing which caught us off guard.
It’s not that we have a complete aversion to companies raising money or filing a shelf to potentially raise in the future. But due to SURG’s prior dilutive capital raising history, many investors had approached an investment in the company with some trepidation (including us).
We slightly backed off this position after we believed it was clearly communicated by management that they understood that they could have dealt with their capital raising activities more efficiently in the past and that raising capital right now appears to be off the table, especially given the stock’s current valuation and the incredible momentum in the company’s subsidized broadband business.
In our opinion, a more prudent and shareholder friendly scenario would’ve been one where the company allows its subsidized business to start generating consistent positive earnings for the first time in the company's history and allow the stock price rise to a much more appropriate valuation, and then file a shelf.
In fact, recall that analyst estimates are implying that sales and earnings are going to be substantial.
Fiscal 2022 sales expected to be $129.6 million with $1.19 EPS
Fiscal 2023 sales expected to be $179.7 million with $2.91 EPS
The 2022 estimates imply the stock is currently selling at a price to earnings ratio of 2.9x!!!
Quite frankly, to be honest, these estimates would indicate to us that there is no reason to raise money at all and that the company can probably fund its growth organically for the foreseeable future.
One thing that we need to keep in mind is that the company’s legacy business is still losing money. So, does the company want to raise money for that piece of the business?
Again, as communicated in a prior email about this subject, we are not saying or implying that SURG is going to raise dilutive capital. We just don’t understand the move to file a shelf given the current circumstances and we think other investors are probably also confused about this action.
So, we just decided to wait it out a little bit to see how the story begins to play out and if the company addresses the reasons why it filed the shelf. We could be totally overreacting here. But given the history, we thought it would be the right move. This will also give us time to complete additional due diligence into the company.
DUMP DUMP DILUTION. WHAT A CROOKED SCAM SURGEPAY IS. LISTEN TO THE SMART PEOPLE GET OUT WHILE U HAVE A SHIRT. DILUTE, DELETE DILUTE DELETE DILUTE DELETE. LOLZZZZZZ
Yes, False. Agree! Average would-mean even more impossible.
Some enrollment locations would have to be even faster with multiple enrollments per minute while other locations slower, to then get "an average."
"Actually." LOL
$SURG is a NASDAQ $SCAM
FACT!
SORRY!
Actually false if you spread the enrollments out as an average. Sorry......100K to date is real! Denial is futile! lolzzzzzz
Broadband enrollments per minute is impossible! Fact!
Never any news about fake SurgePays system convenience store installations.
SurgePays continues as a NASDAQ $SCAM.
Fact!
No doubt, denial of increasing revenue is futile!
So numerous: False SurgePays claims & Abandoned Deals
SurgePays provides our stores direct pricing on the top 100 C-store products.
* a direct lie on home page of the SurgePays website!
SurgePays, Inc. Launches New Custom Private Label Gift Card Program for its Independent Retail Store Clients
Jul 01, 2021 9:01am EDT
SurgePays, Inc. Expands Sales Activities via the Launch of BLITZ, the Company’s Proprietary Blockchain Supported Sales Funnel, Customer Relationship Management and Business Intelligence Platform and the Appointment of In-House Sales Team Leaders
Jun 22, 2021 9:01am EDT
SurgePays, Inc. Signs National Distribution Agreement with 1606 Corp. to Distribute Smokable- Hemp Products
Jun 10, 2021 9:01am EDT
Surge Holdings, Inc. Announces Rebranding to SurgePays
Nov 10, 2020 8:30am EST
Surge Launches Breakthrough Wireless Activation Technology
Sep 01, 2020 8:30am EDT
* Disruptive technology, 4SIM™ enables retailers to activate prepaid phones and SIM cards in seconds
Surge Holdings Retires $4 Million of Notes at $0.50 Per Share; Cancels 2.4 Million Common Shares with Option to Cancel an Additional 950,000 Shares
Jun 29, 2020 8:30am EDT
* Then Surge Holdings was sued
Surge Provides Urgent Care Response Products Through its Direct Wholesale Marketplace
Apr 15, 2020 8:30am EDT
Surge Holdings Launches Loco Rabbit Brand “Grab-n-Go” Phones
Apr 01, 2020 9:00am EDT
SurgePhone Wireless Announces Launch of $30 Unlimited Plan
Jan 09, 2020 9:15am EST
Surge Holdings, Inc. Announces CEO Conference Call Scheduled for January 9th, 2020
Dec 23, 2019 9:44am EST
* Was never a conference call, just listen-only pre-arranged questions Q&A.
SurgePhone Wireless Signs Distribution Agreement with Softel Technologies
Nov 25, 2019 8:30am EST
Surge Holdings Reports 21% Increase in Revenue to $4.9 Million for the Third Quarter of 2019 and Provides Business Update
Nov 15, 2019 8:30am EST
Surge Holdings Launches Proprietary Rewards App Software
Nov 14, 2019 8:15am
Surge Holdings Provides Update on Completing Asset Purchase of ECS Prepaid Wireless Business and Software Platform; Adds 9,800 Retail Locations to SurgePays™ Network and Projected $48.7 Million of Additional Annualized Revenue*
Nov 05, 2019 8:15am EST
Surge Holdings and BB King Music Company Announce Exclusive Agreement for Nationwide Distribution of Licensed Merchandise to Stores on the SurgePays™ Retail Network
Oct 17, 2019 9:00am EDT
Surge Holdings Announces Official Launch of the SurgePays™ Visa® Prepaid Card
Aug 22, 2019 9:00am EDT
Surge Holdings Reports Progress on Phase 1 Rollout of SurgePays™ Network and Expansion of Facilities for Accelerated Growth; Provides Update for the Second Quarter of 2019
Aug 15, 2019 12:49pm EDT
Surge Holdings Announces Launch of SurgePays™ Network Installations with AATAC
Jul 18, 2019 9:00am EDT
Surge Holdings Announces Agreement to Distribute BRIM’S Snack Foods Nationwide through the SurgePays™ Network
Jun 25, 2019 9:00am EDT
*Mr. Fake Handshake" Brian Cox
Surge Holdings Signs Agreement with Weekend Warrior Wellness to Distribute Hemp Energy Shots, CBD Mints and CBD Mint Strips on the SurgePays™ Network
Jun 12, 2019 9:00am EDT
Surge Provides Update on Rollout of SurgePays Network and Announces 15% Increase in Revenue to $3.9 Million for the First Quarter of 2019
May 16, 2019 8:00am EDT
Surge Holdings Partners With AATAC To Place SurgePays Blockchain Portal Into 40,000 Retail Locations
Feb 28, 2019 8:00am EST
SURGE HOLDINGS, INC. COMMENTS ON STOCK PROMOTION ACTIVITIES
Feb 20, 2019 4:20pm EST
SURGE LAUNCHES FREE UNLIMITED WIRELESS PLAN NATIONWIDE
Jan 09, 2019 8:05am EST
SURGE HOLDINGS AND PLAYER’S NETWORK ANNOUNCE JOINT VENTURE TO MARKET AND SELL CBD PRODUCTS TO CONVENIENCE STORES NATIONWIDE
Dec 20, 2018 8:35am EST
SURGE BLOCKCHAIN ANNOUNCES SURGEPAYS 2.0 RELEASE
Nov 28, 2018 8:52am EST
SURGE BLOCKCHAIN TO LAUNCH SURGE UTILITY TOKEN ON ETHEREUM NETWORK
Nov 14, 2018 7:30am EST
SurgePhone Offers Free Android with $25 Unlimited LTE Plan
Oct 12, 2018 7:45am EDT
Surge Holdings Inc. Signs Multi-Million Dollar MOU with Pastime Foods
Oct 09, 2018 7:45am EDT
SURGE LAUNCHES ANDROID VOLT 5XL
Sep 27, 2018 9:00am EDT
Surge Holdings To Offer Money Order Services
Sep 12, 2018 7:00am EDT
SURGE HOLDINGS, INC. ANNOUNCES AGREEMENT WITH OKLAHOMA GROCERS ASSOCIATION
Jul 30, 2018 9:01am EDT
SURGE HOLDINGS, INC. ANNOUNCES PARTNERSHIP WITH LOOKHU TO PROVIDE STREAMING MOVIES, TV, MUSIC AND MORE TO SURGE PHONE CUSTOMERS
May 31, 2018 9:28am EDT
Surge Holdings, Inc. Enters Into 20 State Exclusive Agreement to Market Lifeline Telephone Service
May 10, 2018 9:20am EDT
Surge Holdings Launches Discount Home Phone Service
Feb 13, 2018 9:28am EST
Surge Blockchain Partners with Oklahoma Municipal League
Jan 25, 2018 9:15am EST
Surge Holdings, Inc. Subsidiary Enters Into Exclusive Blockchain FinTech License Agreement to Build Distribution Network
Jan 17, 2018 9:34am EST
News press releases and many many recorded paid interviews also removed from the SurgePays Investor page website.
This statement is false!
Please provide some proof.
Cox liar and a cheat. You Insiders citing phony horse shite can see thru u like glass. Get out while you can out from under this POS
TOTAL BULLSHIT, CEO COX IS PROFESSIONAL LIAR
imo, as evidence by one fake claim, and never materialized deal after deal, quarter after quarter, for years now. Cox is Grifter.
This current deal, the broadband sign-up rate is impossible.
Impossible.
Surge already making over $10M per month from new subs! With everything, already looking at nearly $15M a month! Three-fold increase! lolzzzzzzzz
Cox-will-lie, looking for investors for his 400% dilution shelf.
$SURG $SCAM
Surge claims to add a new Sub every 2 mins 24/7 without a single add or store front...how are all these people finding SURG when shareholders can't even get a physical address from management?
Presenting bullshit!
SURG presenting at Noblecon18 today
https://noblelinx.com/noblecon18-presentation-schedule.php
Gotta luv insiders patting themselves on the back.
SurgePays $SCAM gos on.
Wow, over 35K added in just over a month or so.........no surprise if we pass 200K by July! Right now, we are looking at $10M a month in revenue from the mobile side alone! $20M per month by July!!!! Expect double or triple revenue earnings by end of 2022!!!!!!!!
How so? ZERO shares added to O/S! lolzzzzzzzzzz
SurgePays Passes 100,000 Mobile Broadband Subscribers
April 19, 2022 4:01pm EDT
https://ir.surgepays.com/news-events/press-releases/detail/117/surgepays-passes-100000-mobile-broadband-subscribers?inf_contact_key=033c5c4d912f0ed997d58e63c89d045e
100K NEW SUBSCRIBERS FOUND SURG BY MAGIC WITH ZERO ADS AND NO STORES...YET THE COMPANY WONT LET SHAREHOLDERS KNOW A SINGLE PHYSICAL ADDRESS WERE TO BUY! HOW MUCH LONGER TILL THE CEO IS ARRESTED AGAIN FOR FRAUD?
THIS SCAM COMPANY IS DILUTING DAILY GET OUT WHILE U CAN. I DID
CEO Brian Cox has abandoned near every deal.
Just read the SurgePays Inc. and Surge Holdings Inc. press releases to find deal after deal after deal, gone, and abandoned without a mention.
Cox is all fake!
The Market knows it.
Where is that list of all those fake deals Cox previously announced, that near every one resulted in abandonment and absolutely nothing?
Maybe it will get reposted...
Skank company growing 300% needs 400% shelf dilution? $SCAM!
What dilution? O/S unchanged! lolzzzzzzzzz, Revenue increasing by 300%
400% dilution scam run company. More pump and dump coming all by F&F
We all read dilution.
Harold
Maybe you missed the 400% dilution shelf offering news.
Yeah, sure thing........sorry, zero dilution......more revenue! FACT!
400% dilution financing coming! FACT!!!!! Revenue increasing! So-money-raise-evidences-SurgePays-as-the-$SCAM most everyone knows it is !!!!
FACT!!!
ZERO dilution! FACT!!!!! Revenue increasing! FACT!!!!
FIRST THE PUMP..THEN THE DUMP! GO COXY!
SurgePays selling-out shareholders with 400% dilution for $100M.
Oopps.
$SCAM
SurgePays is a share-diluting share-swapping, insider-benefiting $SCAM $SURG.
Fact!
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Moderators SurgeGuy2.0 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
WARNING
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....
FACTS!!!
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!!!!!!
This section maintained by SurgeGuy 2.0
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