SurgePays Inc (SURG)

[SurgeGuy2.0]

Actually that is False: Surge eliminated $1.47M in Convertible debt. Whoops? Kind of blows that whole theory up right?

NEWS> KSIX Eliminates $1.47 Million in Convertible Debt Recovers over 20 Million Shares of Previously Issued or Reserved Stock.

KSIX Media Holdings, Inc. (OTC: KSIX) LAS VEGAS, NV- a company focused on Telecom, Media and Blockchain FinTech and Cryptocurrency applications announced it has entered into settlements with creditors which eliminates approximately $1,470,000 of convertible debt and recovers 1,782,000 shares of Company stock previously issued to a creditor. In addition, the settlements result in the release of an additional 18,745,015 shares of Company stock which had been reserved for the benefit of the creditors.

Specifically, on December 5, 2017, KSIX Media Holdings, Inc. and certain of its subsidiaries (collectively, the “Company”) entered into a Settlement Agreement with Salksanna, LLC relating to two separate promissory notes, each in the original principal amount of $53,542.33. Under the terms of the Settlement Agreement, the Company paid Salksanna $110,000 cash in full satisfaction of all amounts due pursuant to the promissory notes.