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Great easy way to gain more dealers and expand the distribution network.
Highest volume of the year?? People jumping on this as they see the growth potential. Remember folks...very low float as well.
Up 17.9% to 0.4362!!!
96K shares sold in 9 mins
Great news today! Target PPS just got pushed even higher!
GO $SURG
Commitment to 40,000 new store locations!
Las Vegas, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Surge Holdings, Inc. (OTCQB:SURG) the Las Vegas-based telecom and Fintech software company intending to become the country's leading provider of technology and consumable products to convenient stores, today announced an MOU commitment of 40,000 new store locations utilizing the SurgePays Blockchain SaaS portal with a commitment of $1,500 per month in sales per location.
"We have worked relentlessly over the last year aligning our products and support while engineering our SurgePays e-commerce portal to gear up for this type of rollout with a great company like Pastime Foods," said Brian Cox, Surge Holdings CEO. "This is just the start of our push to add products and services to our SurgePays merchant portal while we aggressively add convenient stores and corner markets to our expanding merchant network."
Pastime Foods CEO Tim Riedel stated, "This venture will enable Pastime Foods to utilize the technology offered by Surge to increase efficiency and sales while expanding our market reach footprint."
Surge will begin delivering certain Pastime Foods products through the SurgePays portal while additionally offering the Surge Fintech and Telecom suite of products to all locations. Pastime Foods will leverage existing contracts, contacts and retail relationships to accomplish these initial joint rollout goals.
Cox Added, "We anticipate this rollout to be completed within the next 12 months. Surge should see an annual impact of $720 Million top line sales after 40,000 stores have been on-boarded. Additionally, I see our relationship with Pastime Foods growing far beyond this 40,000 store rollout."
Yes it's a whole new ballgame once the numbers start coming out about the sales of these phones and word starts to spread about Surge's services. Nice growth expected here!
I believe they are still working on the free cell phone plan. It's a completely different plan then the tiered ones they are currently offering. The logistics are still being worked out on the Free plan but it is still in the works.
Does this mean the original 20,000 are currently for sale and another 20,000 will be for sale soon. Total of 40,000 phones? Wow!
All-time new volume HIGH? Could we set a new high of share volume today?
It's HOT HOT HOT! Shares flying off the shelf this Monday morning!
I just can't get over how low the float is on this puppy. This is going to get so exciting
Barchart showing 100% buy...top 1% direction!
All indicators pointing to buy!
https://www.barchart.com/stocks/quotes/SURG/opinion
Welcome back to the .40s!
Something's brewing! Almost 100K shares... PPS growing nicely!
Right do the math people! So far Brian Cox has followed through on any plans he's made so far no reason to think he wouldn't follow through on all of this. When I'are more folks going to jump on this train?
And potentially making many more connections for deals to close in the near future!
"NO SLEEP TILL NASDAQ" this is the CEOs - Brian Cox's saying.
This is where were heading folks.
Go $SURG
Up 12% with nice bids on deck...what's going on?
Do these projections sound about right?
Do the math $1500 revenues projected per store with 15,000 projected locations. $22.5MM revenues per month!!!
Hold on tight folks this is going to a heck of an adventure!
$SURG
GLTA
Read the strategy and operational initiatives! So glad to be invested in this company! A year from now we'll look back and think about these beginning stages of the company and how much growth there's been.
I'm so sick of Doyle saying he's trying to make potential investors aware of shenanigans. I don't really see any CEO shenanigans. Ok we're down 4% right at the moment so what. People have spent $40,000 on shares today. So many great projects going on and real revenue growth is happening.
Go $SURG longs!
GLTA
Last week was the last dip. Investors jumping in! Nice growth this week!
$SURG
GLTA
Interesting - Sign Me Up!
Dumb question but how are revenues generated when you offer a free wireless service?
I thought I read before that they are going to have ads play every time a person clicks to open their cell phone's internet and/or a 10-20 advertisement plays everytime a call is made? Not sure if these details are correct?
Or do they just make money on the sale of the phone and other add-on services?
Everything seems to be trending in the right direction! Hard work and smart decisions by Cox's team = positive growth!
I'm optimistic. I live in a gentrifying neighborhood in a city and I see how the low income people live. Everyone has smart phones even the 13 year olds in the low income housing. People will buy their phones anywhere especially when word gets out about the great deal Surge has on their plans. 20,000 phones to hit the shelves soon at thousands of locations!
GO $SURG
Ok makes sense. Very interested to see who it might be!!
Could it be one of these?
T-Mobile?
Boost?
MetroPCS?
Sprint?
Or would it be a marketing firm?
Overall looks like investors are satisfied. There would have been a selloff and 25% decline in stock price if investors were not happy with what they saw I the fins released yesterday.
This is steady growth folks!
30,000 shares sold in the first half hour after the financials came out!
Stock price gone up in the last 15 mins.
I see surg remains profitable!
For how many projects this company has going on...long term bank debt is very low and to be profitable with this growth is amazing!!
That's HUGE! I can feel the revenues growing as I type this!!!
Almost 1.4 million volume in the past 2 weeks. That's outstanding with a stock that has a float as low as 18 million. Hoping most of those 1.4 million are in the hands of longs...
Right with a low float of only 17 million shares...anything could happen
Would be great to have a mini-breakout day. Like 20-25% increase! But I'm fine with the steady increase. Any green movement is great. Currently have my sell set at $1.78... lol
Ending the day at close to 230,000 volume - the highest one day in the past 10 months. It's just getting started folks.
Go SURG
$SURG
GLTA
Barchart now showing current direction in top 1%
https://www.barchart.com/stocks/quotes/SURG/opinion
Up 71% since 7/9/18
This is no silly pump. People are seeing all the positives to this company. Financials out soon.
So many great projects in the works...why wouldn't people want to jump on this train???
Whoa...and the report says that may be conservative!!!
Great company report / review!
CONCLUSION
Marrying a history of success in the space by its CEO with unique, compelling offerings, Surge Holdings, Inc. is primed to emerge as a leader in serving small businesses and underserved, unbanked and underbanked consumers. Surge is targeting the bill payment and prepaid wireless services segment, a multi-billion-dollar opportunity. Based on industry estimates, the market is huge. Currently, 77 million customers utilize prepaid wireless services, growing to 93 million along with 58 million unbanked or underbanked. Plus, hundreds of thousands of business are prime targets as Surge merchant and ISO network members.
Surge’s innovative integrated approach has already resulted in a tremendous deal with the Oklahoma Grocers Association that if fully deployed, could be worth as much as $100M in annual revenue alone. Clearly, the Company’s Blockchain Fintech platform will attract similar arrangements.
Our preliminary estimates could prove to be conservative as the timing and order of magnitude of business could result in exponential, sequential top-line growth. At present, we forecast $25.3M in sales this year and $65.5M in revenue next year with EPS of $0.13. In our view, the stock reflects legacy business only and the near-term bottom while even our muted forecast should generate major upside. Our $3.25 target is based on 25x FY19E EPS and 4.2x FY19E sales. We rate these shares Speculative Buy.