From My Understanding Brian Cox and team have shown that they are truly committed to driving the success of Surge Holdings. In the past 9 months they have cleaned up all the debt, restored the company to fully reporting and audited. He has comprised an all star management team as well as himself and Mr. Nuzzo have not taken any salary for their work for the past 9 months.
Let’s go through the merger deal from the 8k and your statements are true but what most missed is this:
"(5) The Parties acknowledge that the payment to the Shareholders of TW of $1,500,000 in cash and the issuance of 45 million warrants to purchase the common stock of Parent for $.50 for five years from the date of issuance, which had been previously discussed by the Parties as part of the consideration for the Merger, is no longer part of the consideration for the Merger by the mutual agreement of the parties.”
How many people would give up a cash payment of $1.5M and 45 million in warrants as well as not pay themselves anything. The reason is Brian and management want to make sure the Surge is in the best position to succeed. AND the team isn’t in the company for a quick payday they are in it for the long haul and getting the company to the ultimate level of success. They are in 2 of the biggest growth sectors out there, Fintech and Telecom.
KSIX Holdings, would not have had the money to acquire True Wireless and would have added massive dilution in order to raise the money to do so AND that stock would not have necessarily been in friendly hands or multiple groups. True Wireless and the management absolutely deserve the shares they are receiving and have added an enormous amount of value to the company. Whats more is now all the shares that were issued are in the company's hands, where the stock cannot be sold and added to the float since they are held under a drip rule where they can only sell a minimal amount. If they do you will see a “FORM 4” On top of that Brian added the hold time from 6 months to a year. Either way the company is not looking to sell shares at these levels.
With the Outstanding going up this doesn’t raise the float right? Investors start to worry about the short term price when really we should be worried about the long term unless you are looking to sell right now or if the company was raising money (which it isn’t). With that being said the float is what affects how much buying or selling it takes to determine the price.
Now that the merger has been completed they can move forward with all the announcements and inform the investment community. Prior to this any updates were going to be met with concerns/doubts about the merger.
Please lets look at what Brian stated in the CEO Vision in addition to the divisions that have been rolled out already.
Here are other highlights I expect in the near term:
Align with an elite professional services company to enhance Surge’s shareholder profile of institutional investors and quality stakeholders looking to the future instead of a short-term flip.
Finalize the incorporation of True Wireless into our business reorganization.
Continue exponential network and revenue growth of SurgePays while keeping the growth of this platform transparent on the Revenue Dashboard.
Onboard the first Oklahoma rural municipality to utilize Surge Blockchain SaaS.
Rollout a steady stream of new telecom products including SurgePhone wireless.
Begin distribution of our custom manufactured “5” Androids that can be used with SurgePhone or any GSM wireless service. (online and merchant channels)
Push forward the distribution of subsidized wireless products in at least 30 additional states utilizing online marketing.
Continue to establish relationships with more direct Social Media Marketing clients with a focus on nonstop selling and revenue growth accountability.
Engaging a software firm to build our own cryptocurrency exchange that will be launched online and provide a module to plug into SurgePays, thereby bringing the unbanked into the new digital asset era.
Surge Mining expansion through manufacturing and licensing our own custom SurgeAhead GPU worker rigs.
This is just the beginning of what is being created and there is plenty more updates coming very soon. Ask yourself with the value added here from the new team that came in and took over if they are worth what they are being paid. The foundation has been laid and the company is ready and is moving forward on all fronts.
AI
