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MORE LAWSUITS YIKES! We could be impacted by unfavorable results of legal proceedings, including the pending proceedings involving Glen Eagles, and may, from time to time, be involved in future litigation in which substantial monetary damages are sought.
We are currently subject to a number of litigations as described under the heading “Legal Proceedings.” In connection with certain of these litigations, we may be required to pay significant monetary damages. Defending against the current litigations is or can be time-consuming, expensive and cause diversion of our management’s attention.
In addition, in the case of the litigation involving Glen Eagles, they are seeking the appointment of a receiver to control the operations of the Company. While we believe their claims are without merit and the likelihood of such a result is remote and we are vigorously defending against these claims, if a receive is appointed, the Board will no longer control the operations of the Company which may lead to serious complications for the Company. Therefore, our business operations could be negatively impacted by unfavorable results of this and other pending legal proceedings.
In addition, we may from time to time be involved in future litigation in which substantial monetary damages are sought. Litigation claims may relate to intellectual property, contracts, employment, securities and other matters arising out of the conduct of our current and past business activities. Any claims, whether with or without merit, could be time consuming, expensive to defend and could divert management’s attention and resources. We may maintain insurance against some, but not all, of these potential claims, and the levels of insurance we do maintain may not be adequate to fully cover any and al
We have experienced net losses in each period since inception... LOLOLLXZXZZZZZZ
TRAINWRECK! Our business has generated net loses, and we intend to continue to invest substantially in our business. Thus, we may not be able to achieve or maintain profitability. We may not be able to secure financing on favorable terms, or at all, to meet our future capital needs.
For the quarter ended March 31, 2021, our note payable borrowings totaled $3,555,000 and our note payable repayments totaled $1,466,719. The net cash provided by financing was requiring a substantial portion of our cash flow from operations to be dedicated to the payment of obligations with respect to our debt, thereby reducing our ability to use our cash flow to fund our operations, lease payments, capital expenditures, selling and marketing efforts, product development, future business opportunities and other purposes. We have experienced net losses in each period since inception. As of March 31, 2021, we had an accumulated deficit of $10.4 million. We have funded our operations since inception primarily through equity financings, bank credit facilities, and capital lease arrangements. We do not know when or if our operations will generate sufficient cash to fund our ongoing operations. In the future, we may require additional capital to respond to business opportunities, refinancing needs, challenges, acquisitions, or unforeseen circumstances and may decide to engage in equity or debt financings or enter into credit facilities for other reasons, and we may not be able to secure any such additional debt or equity financing or refinancing on favorable terms, in a timely manner, or at all. Any debt financing obtained by us in the future could also involve restrictive covenants relating to our capital-raising activities and other financial and operational matters, which may make it more difficult for us to obtain additional capital and to pursue business opportunities, including potential acquisitions.
We will need to generate and sustain increased revenue levels in future periods in order to become consistently profitable, and, even if we do, we may not be able to maintain or increase our level of profitability. We intend to continue to expend significant funds to expand our marketing and sales operations, develop and enhance our software platform, upgrade our data center infrastructure and services capabilities and expand into new markets. Our efforts to grow our business may be more costly than we expect, and we may not be able to increase our revenue enough to offset our higher operating expenses. We may incur significant losses in the future for a number of reasons, including the other risks described in this prospectus, and unforeseen expenses, difficulties, complications and delays and other unknown events. If we are unable to achieve and sustain profitability, the market price of our common stock may significantly decrease.
Our sales model is based on earning the relationship with the store. There is no cost for the store to onboard and have access to the SurgePays platform fintech services. In other words, we establish relationships with retail stores by enabling them to offer their underbanked customers life enhancing services such as prepaid wireless payments, loading debit cards, activating gift cards, funding mobile apps such as Amazon and iTunes. There is no out of pocket cost for the store owner who earns a commission per transaction. Since these sales are more transactional based, SurgePays usually realizes gross margins of 3%-4%. These services are offered through a platform integrated into our wholesale marketplace which enables us to utilize the relationship, built based on these initial no-cost services, to upsell merchants by enticing them with lower prices on the most popular product categories sold in convenience stores. These products include bagged snacks, personal care items, herbal stimulants, energy shots, dry foods, CBD products, cell phone accessories, novelties, PPP products, processed meats, automotive parts among others, are sold at higher margins ranging from 12%-37%.
ECS primarily offers prepaid wireless payments to over 8,000 independently owned convenience stores. The value of the acquisition was more focused on the relationships with these stores and the ability to integrate the Surge Blockchain wholesale marketplace into the ECS software platform to create a significant increase in both revenue and gross margins per store. The integration of the software platforms was completed in mid-2020, however due to the COVID-19 pandemic and the various restrictions imposed nationwide, salespeople were unable to visit stores as planned and the rollout of the wholesale marketplace was pushed to 2021. While this did cause an unexpected delay in our expected jump in revenue and gross margins per store, it allowed our software developers to further enhance our offerings by integrating with more manufacturers and fintech providers to strengthen our sales and revenue skew once restrictions were lifted.
10
There is substantial doubt about our ability to continue as a going concern.
The report of our independent registered public accounting firm on our consolidated financial statements for the years ended December 31, 2020 and 2019 included an explanatory paragraph expressing management’s assessment and conclusion that there is substantial doubt about our ability to continue as a going concern within one year after the financial statement issuance date, citing our recurring losses and cash used from operations among other factors.
For the quarter ended March 31, 2021, our note payable borrowings totaled $3,555,000 and our note payable repayments totaled $1,466,719. The net cash provided by financing was requiring a substantial portion of our cashflow from operations to be dedicated to the payment of obligations with respect to our debt, thereby reducing our ability to use our cash flow to fund our operations, lease payments, capital expenditures, selling and marketing efforts, product development, future business opportunities and other purposes.
Our ability to continue as a going concern will be determined by our ability to generate sufficient cash flow to sustain our operations and/or raise additional capital in the form of debt or equity financing. We believe that the inclusion of a going concern explanatory paragraph in the report of our registered public accounting firm will make it more difficult for us to secure additional financing or enter into strategic relationships with distributors on terms acceptable to us, if at all, and likely will materially and adversely affect the terms of any financing that we might obtain.
We are dependent upon the receipt of additional capital investments and other financings to fund our ongoing operations and to execute our business plan. If we are unable to continue to secure funding and capital resources on reasonable terms, we may not be able to implement our plan of operations. We may be required to obtain alternative or additional financing from financial institutions or otherwise, in order to maintain and expand our existing operations. The failure by us to obtain such financing would have a material adverse effect upon our business, financial condition and results of operations.
Our financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Our financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern within one year after the date that the financial statements were issued. We may be required to cease operations which could result in our stockholders losing all or almost all of their investment.
LMFAO! DILUTION MACHINE!
https://docoh.com/filing/1392694/0001493152-21-014729/SURG-S1A
We are dependent upon the receipt of additional capital investments and other financings to fund our ongoing operations and to execute our business plan. If we are unable to continue to secure funding and capital resources on reasonable terms, we may not be able to implement our plan of operations. We may be required to obtain alternative or additional financing from financial institutions or otherwise, in order to maintain and expand our existing operations. The failure by us to obtain such financing would have a material adverse effect upon our business, financial condition and results of operations.
Our financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Our financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern within one year after the date that the financial statements were issued. We may be required to cease operations which could result in our stockholders losing all or almost all of their investment.
NEWS! JUST FILED S-1 FOR 29,904,000 SHARES AND WARRANTS!
https://docoh.com/filing/1392694/0001493152-21-014729/SURG-S1A
We are dependent upon the receipt of additional capital investments and other financings to fund our ongoing operations and to execute our business plan. If we are unable to continue to secure funding and capital resources on reasonable terms, we may not be able to implement our plan of operations. We may be required to obtain alternative or additional financing from financial institutions or otherwise, in order to maintain and expand our existing operations. The failure by us to obtain such financing would have a material adverse effect upon our business, financial condition and results of operations.
Our financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Our financial statements do not include any adjustments that might be necessary should we be unable to continue as a going concern within one year after the date that the financial statements were issued. We may be required to cease operations which could result in our stockholders losing all or almost all of their investment.
whoopsies! flipin and a flopping! LOLOLXXZZAAAAZZZZ
WE KNOW THAT THE $100,000 WORTH OF SHARES COX HAS TO HAND OVER EACH MONTH ONLY GROWS AS THE PRICE GOES LOWER AND LOWER....
IF COX WANTS TO AVOID SINGLE DIGITS HE NEEDS TO REALLY COME UP WITH HIS BEST BULLSHIT STORY TO DATE...NO MORE STUPID NAME CHANGES AND OTHER LIGHTWEIGHT SCAMMER STUFF....COX REALLY NEEDS TO PUT ON HIS BEST SCAMMER SHOW SOON! COME-ON COXY YOU CAN DO IT!
Naz Uplist? 833 DAYS AND COUNTING!LMFAO!SCAM 100%
Surge Holdings Inc. Files Application for Uplisting to the NASDAQ Capital Market
Download as PDF
March 06, 2019 8:05am EST
MEMPHIS, Tenn., March 6, 2019 /PRNewswire/ -- Surge Holdings Inc. ("Surge") (OTCQB: SURG), a Memphis-based Technology and Blockchain FinTech Software Company is pleased to announce today it has filed an application for uplisting on the NASDAQ Capital Market.
SurgeHoldings Logo (PRNewsfoto/Surge Holdings)
"We believe uplisting from the OTC Market to the Nasdaq Capital Market will increase corporate visibility, improve liquidity, and broaden awareness in the financial markets," stated Brian Cox, Surge's CEO and Chairman of the Board. "An up-list will open the investment opportunity to a larger pool of investors and help create greater shareholder value. We have made significant progress in strengthening our financial performance, governance and liquidity, positioning the Company for future growth and profitability. A listing on the Nasdaq Capital Market is a natural progression for the Company and our shareholders."
The Company's common stock will continue to trade on the OTCQB under its current symbol, SURG, during the NASDAQ review process and while the Company prepares to meet all the requirements for uplisting to NASDAQ.
About Surge Holdings Inc:
Surge Holdings Inc. is a publicly traded company headquartered in Memphis, TN. Surge wholly owns and actively operates subsidiaries that utilize emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked. Surge products are delivered to a nationwide network of convenience stores and corner markets connected to the SurgePays Wholesale Marketplace Portal software platform. Current focus and holdings include Blockchain FinTech Software as a Service (SaaS) subsidiaries, Reloadable Debit Cards for the unbanked and Telecommunications subsidiaries. Surge Holdings, Inc is traded under the stock ticker symbol: SURG.
For more information on Surge Holdings and its subsidiaries, please visit: https://surgeholdings.com
SINGLE DIGITS COMING! DUMP DUMP DUMP!
CMON COX WE NEED MORE BULLSHIT!
FREE RENT FOR ALL MANAGEMENTS PRIVATE BUSINESS'S!
COX PROVIDING FREE OFFICES TO MANAGEMENTS PRIVATE COMPANIES!
ONCE AGAIN COX RIPPING OFF SHAREHOLDERS...ENDLESS DILUTION LIES AND THIEVERY
COX WILL USE ANY EVENT TO CREATE A PRESS RELEASE...FUNNY HE DIDNT RELEASE NEWS ABOUT TRIPLING THE NUMBER OF OFFICES????
FUNNY THERE WAS NO 8K FILED EXPLAINING THE EXPANSION????
WE ALL KNOW WHY!!!!!!
BUSTED! Glass Mountain Capital, LLC IS OWNED BY SURG COO Anthony P. Nuzzo, Jr. WHICH JUST HAPPENS TO BE THE SAME EXACT NEW SURG OFFICE LOCATION THAT QUIETLY APPEARED IN THE 10K WITHOUT ANY NEWS OR OFFICIAL 8K OF A MATERIAL EVENT. LOOKS LIKE SURG SHAREHOLDERS ARE PAYING FOR NUZZO'S OFFICE NOW TOO! ....SEC WILL BE HAPPY TO LOOK INTO THIS!
ITEM 2. PROPERTIES
We presently occupy space at 3 locations: 3124 Brother Blvd, Suite 410, Bartlett, TN 38133, (This building is owned by an entity owned by Mr. Cox, our CEO and Chairman and the controlling shareholder of the Company), 1375 E Woodfield Road, Schaumburg IL 60173 and1615 S Ingram Mill, Building B, Springfield, Missouri 65804.
HERE IS THE LINK TO GLASS MOUNTAIN...SCROLL DOWN AND YOU CAN SEE THEY OCCUPY LIST THE IDENTICAL ADDRESS...
http://www.glassmountaincapital.com/
1375 E Woodfield Rd
Suite 400
Schaumburg, IL 60173
877-214-0276 (Toll Free)
info@glassmountaincapital.com
And the 3rd address is for Winfrey's business....so all the managements private business get free rent! Below the address listed in the SURG Q1 and of course no 8-k filed of news expaling why...
1615 S Ingram Mill, Building B, Springfield, Missouri 65804.
https://www.dnb.com/business-directory/company-profiles.electronic_check_services_inc.4df799dcaa1b721967199381561df1b3.html
https://ir.surgepays.com/company-information/management-team
https://missouri-company.com/co/electronic-check-services-inc
On January 30, 2020, the Company entered into a Membership Interest Purchase Agreement (the “MIPA”) by and among the Company, ECS Prepaid, LLC, a Missouri limited liability company (“ECS Prepaid”), Dennis R. Winfrey, an individual, and Peggy S. Winfrey, an individual (together, the “Winfreys”), whereby the Company purchased from the Winfreys all of the Membership Interests of ECS Prepaid owned by the Winfreys (the “ECS Prepaid Membership Interests”). In consideration for the ECS Prepaid Membership Interests, the Company issued to Suray Holdings LLC, an entity jointly controlled by the Winfreys, 450,000 shares of Common Stock of the Company.
COX TWITTER PROFILE IS COMICAL...HE LEFT OUT THE PART ABOUT BEING A FRAUD AND BULLSHITTER...
Brian Cox
@kbriancox
Memphis born and bred. SurgePays CEO (Stock Symbol: SURG) - Energy. Discipline. Relentless Execution. O-Lineman 4life. Opinions are mine.
HOW COME NOBODY BELIEVES ANYTHING THE CEO SAYS? LOLXZXZZZ!
.117 WHO KEEPS DUMPING! LOLOLXAXZZZZZZZZ!!!!
Naz Uplist? 831 DAYS AND COUNTING! LMFAO! YUP 100% SCAM/BULLSHIT!
Surge Holdings Inc. Files Application for Uplisting to the NASDAQ Capital Market
Download as PDF
March 06, 2019 8:05am EST
MEMPHIS, Tenn., March 6, 2019 /PRNewswire/ -- Surge Holdings Inc. ("Surge") (OTCQB: SURG), a Memphis-based Technology and Blockchain FinTech Software Company is pleased to announce today it has filed an application for uplisting on the NASDAQ Capital Market.
SurgeHoldings Logo (PRNewsfoto/Surge Holdings)
"We believe uplisting from the OTC Market to the Nasdaq Capital Market will increase corporate visibility, improve liquidity, and broaden awareness in the financial markets," stated Brian Cox, Surge's CEO and Chairman of the Board. "An up-list will open the investment opportunity to a larger pool of investors and help create greater shareholder value. We have made significant progress in strengthening our financial performance, governance and liquidity, positioning the Company for future growth and profitability. A listing on the Nasdaq Capital Market is a natural progression for the Company and our shareholders."
The Company's common stock will continue to trade on the OTCQB under its current symbol, SURG, during the NASDAQ review process and while the Company prepares to meet all the requirements for uplisting to NASDAQ.
WOW! First Blockchain Company to Sign with Government Entity
YOU ALREADY KNOW...100% AN OLD CLASSIC COX BULLSHIT BUT FUNNY TO READ!
January 25, 2018
Surge CEO Brian Cox states: “Partnering with the OML will rapidly accelerate the expansion of our distribution and transaction network throughout the state of Oklahoma.” Cox continued, “This is huge too, because we are the first blockchain company to sign a deal with a government entity.”
Oklahoma has more than 1.7 million households within its more than 500 municipalities across the state. Due to the vast rural areas, many of those homes are not conveniently located near municipal offices to pay their utility bills. Most of these rural municipalities lack the ability to receive payments outside of regular office hours. Surge payment software will provide these utility customers a convenient method to pay their bills at local stores on the Surge network. In addition, it will allow municipal governments to foster economic growth in their communities by partnering with private sector businesses.
“We appreciate the endorsement of our software capabilities and impact on utility companies, local businesses and ultimately making life more convenient for many residents of Oklahoma. We will pursue the same model in other states.” added Cox.
For more information, go to surgeholdings.com and subscribe to the Instant News Alerts in addition to real-time Company information and market updates, news, blogs, investor relations materials, and more.
JUST KEEP DUMPING LIKE THE CEO!
FAKE REVS...FAKE OFFICES... REAL DUMPING! LOLOLXZXZLOL!
MR FAKE HANDSHAKE COX loves photo opps doing those staged handshakes..he always makes sure to pose with his forearm fully flexed and then posting them on twitter...he has these pics all over his office hoping people see his flexed arm...if they dont say anything he points out his arm and tells them how strong he is....he must be a super cool guy just like he says! LOL
.Here is a pic with the mayor of Oklahoma City after claiming HUGE news...only to find out it was all bullshit again...but hey he got to flex is arm for another fake photo...
But they converted the fake call center into a fake phone programming room...with the fake fish COX bought at a garage sale...LMFAO! Notice he calls it "MY FISH" wow he is my hero....LOLOLXZXXZZZ
Brian Cox
??
@kbriancox
·
Mar 22
Converted this call center room in our Memphis office to a phone programming room. (And yes they asked to put my fish on the wall!)
Typical fake handshake Cox...likely never paid for the phones...
BTW COX HAS REMOVED ALL THESE VIDEOS FROM THE WEBSITE BUT THEY WILL ALWYAS BE ON YOUTUBE....SORRY COX YOUR LIES ARE HERE TO STAY!
JUST FOR LAUGHS YOU HAVE TO WATCH COX TALK ABOUT 20,000 ANDROIDS HITTING HIS LOADING DOCK AT THE 2MIN MARK....THE ENTIRE BULLSHIT VIDOE WE NOW KNOW WAS 100% FROM THE PASTIME MOU TO THE BULLSHIT SURGE VISA...AMAZING THIS GUY IS NOT BACK IN JAIL.... 2 MIN MARK
Naz Uplist? 830 DAYS AND COUNTING! LMFAO! YUP 100% SCAM/BULLSHIT!
Surge Holdings Inc. Files Application for Uplisting to the NASDAQ Capital Market
Download as PDF
March 06, 2019 8:05am EST
MEMPHIS, Tenn., March 6, 2019 /PRNewswire/ -- Surge Holdings Inc. ("Surge") (OTCQB: SURG), a Memphis-based Technology and Blockchain FinTech Software Company is pleased to announce today it has filed an application for uplisting on the NASDAQ Capital Market.
SurgeHoldings Logo (PRNewsfoto/Surge Holdings)
"We believe uplisting from the OTC Market to the Nasdaq Capital Market will increase corporate visibility, improve liquidity, and broaden awareness in the financial markets," stated Brian Cox, Surge's CEO and Chairman of the Board. "An up-list will open the investment opportunity to a larger pool of investors and help create greater shareholder value. We have made significant progress in strengthening our financial performance, governance and liquidity, positioning the Company for future growth and profitability. A listing on the Nasdaq Capital Market is a natural progression for the Company and our shareholders."
The Company's common stock will continue to trade on the OTCQB under its current symbol, SURG, during the NASDAQ review process and while the Company prepares to meet all the requirements for uplisting to NASDAQ.
About Surge Holdings Inc:
Surge Holdings Inc. is a publicly traded company headquartered in Memphis, TN. Surge wholly owns and actively operates subsidiaries that utilize emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked. Surge products are delivered to a nationwide network of convenience stores and corner markets connected to the SurgePays Wholesale Marketplace Portal software platform. Current focus and holdings include Blockchain FinTech Software as a Service (SaaS) subsidiaries, Reloadable Debit Cards for the unbanked and Telecommunications subsidiaries. Surge Holdings, Inc is traded under the stock ticker symbol: SURG.
For more information on Surge Holdings and its subsidiaries, please visit: https://surgeholdings.com
Follow CEO Brian Cox on Twitter for thoughts, insight, and progress of not only the short-term goals prioritized in this update, but relevant and material news for Surge: https://twitter.com/kbriancox
DOWN SHE GOES .12 DUMP DUMP DUMP!
COX ONE TRICK PONY...NEWS THAT EXPIRES THE SAME DAY!
I'M DISAPPOINTED IN THE LACK OF BULLSHIT FROM COX
HE REALLY IS SLACKING...BACK IN THE DAY WE USE TO GET SOME HIGH QUALITY BULLSHIT BUT NOW WE DONT EVEN GET ANY NEWS OF FAKE HANDSHAKES AND THOSE GREAT VIDEO'S AND OPENING ONE LINERS HE PAYS FOR..
"WELCOME TO THE SHOW BRIAN.... THANKS FOR HAVING ME....ANYTIME BRIAN AND THANK YOU FOR PAYING US WITH SHAREHOLDER $$$ TO PUT THIS BULLSHIT INTERVIEW ON OUR WORTHLESS BULLSHIT SITE...IF IT WERENT FOR SCAMMERS LIKE YOU WE WOULDNT EXIST...SO SHALL WE GET RIGHT INTO THE BULLSHIT! "
BWWWWWWAAAAAAAAAAA HAAAAAAAAAAAAAAAAA!
Naz Uplist? 828 DAYS AND COUNTING! LMFAO! YUP 100% SCAM/BULLSHIT!
Surge Holdings Inc. Files Application for Uplisting to the NASDAQ Capital Market
Download as PDF
March 06, 2019 8:05am EST
MEMPHIS, Tenn., March 6, 2019 /PRNewswire/ -- Surge Holdings Inc. ("Surge") (OTCQB: SURG), a Memphis-based Technology and Blockchain FinTech Software Company is pleased to announce today it has filed an application for uplisting on the NASDAQ Capital Market.
SurgeHoldings Logo (PRNewsfoto/Surge Holdings)
"We believe uplisting from the OTC Market to the Nasdaq Capital Market will increase corporate visibility, improve liquidity, and broaden awareness in the financial markets," stated Brian Cox, Surge's CEO and Chairman of the Board. "An up-list will open the investment opportunity to a larger pool of investors and help create greater shareholder value. We have made significant progress in strengthening our financial performance, governance and liquidity, positioning the Company for future growth and profitability. A listing on the Nasdaq Capital Market is a natural progression for the Company and our shareholders."
The Company's common stock will continue to trade on the OTCQB under its current symbol, SURG, during the NASDAQ review process and while the Company prepares to meet all the requirements for uplisting to NASDAQ.
About Surge Holdings Inc:
Surge Holdings Inc. is a publicly traded company headquartered in Memphis, TN. Surge wholly owns and actively operates subsidiaries that utilize emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked. Surge products are delivered to a nationwide network of convenience stores and corner markets connected to the SurgePays Wholesale Marketplace Portal software platform. Current focus and holdings include Blockchain FinTech Software as a Service (SaaS) subsidiaries, Reloadable Debit Cards for the unbanked and Telecommunications subsidiaries. Surge Holdings, Inc is traded under the stock ticker symbol: SURG.
For more information on Surge Holdings and its subsidiaries, please visit: https://surgeholdings.com
Follow CEO Brian Cox on Twitter for thoughts, insight, and progress of not only the short-term goals prioritized in this update, but relevant and material news for Surge: https://twitter.com/kbriancox
I BET THE SEC WOULD LOVE TO HEAR WHAT Carter Matzinger and David Ansani HAVE TO SAY ABOUT THE FREE RENT FOR THE OTHER BOARD MEMBERS PRIVATE BUSINESS'S....
On February 11, 2021, both Carter Matzinger and David Ansani tendered their resignations from their positions as members of the Board of Directors (the “Board”) of SurgePays, Inc (the “Company”), effective immediately.
THEY LIKELY WANTED NO PART OF THE FREE RENT SCAM AND GOT THE HELL AWAY FROM THIS SCAM....
SALES AND REVS DOWN AGAIN...SHAREHOLDERS PAYING RENT FOR MANAGEMENTS PRIVATE COMPANIES OFFICE SPACE....
ONCE AGAIN COX RIPPING OFF SHAREHOLDERS...ENDLESS DILUTION LIES AND THIEVERY
COX WILL USE ANY EVENT TO CREATE A PRESS RELEASE...FUNNY HE DIDNT RELEASE NEWS ABOUT TRIPLING THE NUMBER OF OFFICES????
FUNNY THERE WAS NO 8K FILED EXPLAINING THE EXPANSION????
WE ALL KNOW WHY!!!!!!
BUSTED! Glass Mountain Capital, LLC IS OWNED BY SURG COO Anthony P. Nuzzo, Jr. WHICH JUST HAPPENS TO BE THE SAME EXACT NEW SURG OFFICE LOCATION THAT QUIETLY APPEARED IN THE 10K WITHOUT ANY NEWS OR OFFICIAL 8K OF A MATERIAL EVENT. LOOKS LIKE SURG SHAREHOLDERS ARE PAYING FOR NUZZO'S OFFICE NOW TOO! ....SEC WILL BE HAPPY TO LOOK INTO THIS!
ITEM 2. PROPERTIES
We presently occupy space at 3 locations: 3124 Brother Blvd, Suite 410, Bartlett, TN 38133, (This building is owned by an entity owned by Mr. Cox, our CEO and Chairman and the controlling shareholder of the Company), 1375 E Woodfield Road, Schaumburg IL 60173 and1615 S Ingram Mill, Building B, Springfield, Missouri 65804.
HERE IS THE LINK TO GLASS MOUNTAIN...SCROLL DOWN AND YOU CAN SEE THEY OCCUPY LIST THE IDENTICAL ADDRESS...
http://www.glassmountaincapital.com/
1375 E Woodfield Rd
Suite 400
Schaumburg, IL 60173
877-214-0276 (Toll Free)
info@glassmountaincapital.com
And the 3rd address is for Winfrey's business....so all the managements private business get free rent! Below the address listed in the SURG Q1 and of course no 8-k filed of news expaling why...
1615 S Ingram Mill, Building B, Springfield, Missouri 65804.
https://www.dnb.com/business-directory/company-profiles.electronic_check_services_inc.4df799dcaa1b721967199381561df1b3.html
https://ir.surgepays.com/company-information/management-team
https://missouri-company.com/co/electronic-check-services-inc
On January 30, 2020, the Company entered into a Membership Interest Purchase Agreement (the “MIPA”) by and among the Company, ECS Prepaid, LLC, a Missouri limited liability company (“ECS Prepaid”), Dennis R. Winfrey, an individual, and Peggy S. Winfrey, an individual (together, the “Winfreys”), whereby the Company purchased from the Winfreys all of the Membership Interests of ECS Prepaid owned by the Winfreys (the “ECS Prepaid Membership Interests”). In consideration for the ECS Prepaid Membership Interests, the Company issued to Suray Holdings LLC, an entity jointly controlled by the Winfreys, 450,000 shares of Common Stock of the Company.
WHY DOES THIS POS ALWAYS GO RED AFTER COX BULLSHIT NEWS?
DUMP DUMP DUMP! SAME OLD SCAM!
FUNNIEST CLOWN SHOW IVE SEEN YET!
JUST PRERECORDED BULLSHIT AS USUAL...
LMFAO..$.13's already dump dump dump!