SurgePays Inc (SURG)

[StockItOut]

Brian-Cox-as-CEO-of-KSIX-Media chose to reward himself bigtime!

He had his company, KSIX Media Holdings, acquire True Wireless, and bury it in a triangular reverse merger, still resulting in the same single company, now called Surge Holdings, Inc. Fact!

Below listed are the goodies Cox gave himself, of course knowing that the federal Lifeline program which gave all True Wireless its revenue was wrapping and True Wireless was going to now be losing revenue and income big time.


So. Cox as KSIX Media CEO pulled a scam to transfer his soon-to-be-failing True Wireless company assets into KSIX Media but change the name to Surge Holdings, as if it was all a new company. It wasn't.

Here's the goodies Cox awarded himself:

In addition to the 12,000,000 shares of Company Common Stock and $500,000 cash which has been paid to the shareholders of TW, at the Closing of the merger transaction, the shareholders of TW will receive the following as additional merger consideration:

* 151,707,516 shares of newly-issued Company Common Stock, which will give the shareholders of TW, on a proforma basis, a 69.5% interest in the Company’s total Common Shares.

* An additional number of shares of Company Common Stock, if any, necessary to vest 69.5% of the aggregate issued and outstanding Common Stock in the shareholders of TW at the Closing.

* A Promissory Note in the original face amount of $3,000,000, bearing interest at 3% per annum maturing on December 31, 2018.

* 3,000,000 shares of newly-issued Company Series A Preferred Stock

https://www.sec.gov/Archives/edgar/data/1392694/000149315218005000/form10-k.htm


Cox just transfers one scam company to another, and (look at the filings history) delays every SEC financial reporting filing to keep the market and shareholders as far behind as possible.

Expect another reverse merge, another reverse split, another big give-a-way to himself and other shareholders.


Surge Holdings is a debt cycling, share swapping, mngt self-dealing scam.

Glad we agree!