SurgePays Inc (SURG)

[StockItOut]

Jay Jones CEO of 321Commincations, company of which Brian Cox is a minority shareholder, and has been shareholder of 321Communications for years.

Looks like Jay Jones is just another insider, as just placed on the SurgePays Inc Board of Directors. Also makes sense how Jay Jones' recent statement is so riddled with bullshit and misinformation.

2019 Q3 10-Q
https://www.sec.gov/Archives/edgar/data/1392694/000149315220021781/form10-q.htm

For the nine months ended September 30, 2020 and 2019, the Company purchased telecom services and access to wireless networks from 321 Communications in the amount of $168,714 and $499,356, respectively. These costs are included in Cost of revenue in the condensed consolidated statements of operations. The Company’s Chief Executive Officer is a minority owner of 321 Communications.

2019 10-K
https://www.sec.gov/Archives/edgar/data/1392694/000149315220008410/form10-k.htm

For the years ended December 31, 2019 and 2018, the Company purchased telecom services and access to wireless networks and access to from 321 Communications in the amount of $704,683 and $1,016,393, respectively. These costs are included in Cost of revenue in the Consolidated Statements of Operations. Mr. Cox is a minority owner of 321 Communications.

At December 31, 2019 and 2018, the Company had trade payables to 321 Communications of $140,927 and $52,161, respectively.

2018 Q2 10-Q
https://content.edgar-online.com/ExternalLink/EDGAR/0001493152-18-011739.html?hash=80c2b1570f14831b25c26e875b0fb680ae89651b26af00774e0d1ce0eb5947bd&dest=EX32-1_HTM#EX32-1_HTM

For the six months ended June 30, 2018 and 2017, the Company purchased telecom services and access to wireless networks from 321 Communications in the amount of $602,265 and $850,996, respectively. These costs are included in Cost of revenue in the Statement of Operations. The majority owner of the Company is a minority owner of 321 Communications.

At June 30, 2018 and December 31, 2017, the Company had trade payables to 321 Communications of $76,118 and $132,404, respectively.

2017 10-K
https://www.sec.gov/Archives/edgar/data/1392694/000149315218005000/form10-k.htm

Oops, no mention of 321Communications Inc. within the Surge Holdings Inc. 2017 Annual Report.
CEO Cox was hiding this information in 2017, of SurgePays Inc transactions with 321Communications Inc.

SurgePays Inc.
is an insider self-dealing, debt cycling,
share swapping scam!

Fact.