SurgePays Inc (SURG)

[StockItOut]

Benzinga: "What are your fees, what you charging?"

Summary of the Benzinga All Access interview. March 4, 2022.

Benzinga: "You need to make a buck as well, so how do you make a buck through that (bitcoin transaction fees)? What kind of fees are you chargin?"

Brian Cox: "Definitely not 15% (chuckle, chuckle). Hey, but keep in mind, we bring in a total comprehensive, uh, suite of underbanked financial,products..., so we're makin' money on ten different things, let's say for example, if I get your convenience store, everyone one of those pre-paid wireless customers can pay their top-ups... " and on and on... local store-branded gift card, gift card racks, etc. "we're makin' a cut, you know you don't go into WalMart and ask 'well you know, if you're only makin' 10 cents on a gallon of milk how you're gonna..'" And then, "you're not gonna talk to anyone that pulls your door comin' in with a one-off products." Except convenience stores already don't sell products from distributors with one-off products.

Bull shitter!

So, SurgePays Inc. a big board nasdaq listed company will not tell the Market and its shareholders what its margins are!!! Laughable! Cox did: "Definitely not 15% (chuckle, chuckle)."

_____

Cox claims they got all their new broadband customers by signing people up in tents outside convenience stores, around the country, in 14 states.

But recent SEC filings, 10-Q (or was it 10-K) claims that all current mobile broadband sales were local to the Memphis area.

Where are those convenience stores Mr. Cox?

Your sales are across the country in supposed convenience stores, yet all your initial and recent new broadband customers are from the Memphis area.

_______

Cox stated he invested over $7M of his own money into SurgePays. Really?!

Where in the SurgePays SEC filings does it show CEO Brian Cox invested $7M of his own money into SurgePays Inc.? Nowhere! Nope! Or... where?

Was it Cox's recent buying of 1.5 million SURG shares before the 1:50 reverse split and nasdaq listing? Those CEO buys seems perfectly timed with press releases (pump) and mainly timed perfectly to save the $SURG chart from seriously breaking down.

'Cause personally buying shares of your own scam company is not "investment" in the company. But Cox misleads the viewers to presume he's talking about capital investment into SurgePays. Is Cox maybe talking about his original investment in True Wireless that Cox sold to Surge Holdings when he was CEO of KSIX Media that transformed into Surge Holdings where Cox continued as CEO and enriched himself. ''Cause SurgePays just sold True Wireless for $10.00 (yes, 10 bucks) after SurgePays and also Cox were sued and Oklahoma regulatory authorities filed complains against each.

_______

Thoses 1099 product rep contractors that acquired the SurgePays 8,000 stores, SurgePays did not 'get them'. In fact, SurgePays bought those 8,000 (was 9,800 stores) stores already in place when it purchased ECS from a scam pink sheet company GBT Technologies ($GTCH) on Sept. 30th, 2019, where ECS had and has continued only and always cost more money (lost money) than the supposed revenues SurgePays claims that ECS sales brings in. And SurgePays later lost about 2,500 of those "points of sale" stores too.

https://www.marketscreener.com/quote/stock/SURGE-HOLDINGS-INC-64307096/news/Surge-Holdings-Announces-Asset-Purchase-Resulting-in-the-Addition-of-9-800-Retail-Locations-and-an-E-29331904/
__

And so, those 8,000 stores, across the country in many states, that are well outside the local Memphis area where SurgePays signed-up all those new broadband customers on the past few months at 1,500 per day (over 1 new mobile broadband customer per minute), Cox is saying that those contractors and the stores themselves at 8,000 locations set-up tents to sell and acquire 1,500 new broadband customers per day? Where some towns where those 1099-contactor-acquired convenience stores are in small small towns that have populations under 1,500 people, under 3.000 people, etc., and yet all these 8,000 stores are signing up 1,500 customers per day for mobile broadband EBB Program services? Ha! Right........!!!

Cox goes on to say these 1099 product reps are not very good at sales.

The guy (Cox) is an idiot.

Cox's Southern boy football star sales swagger ain't cutting it.
__

These same 160 or so 1099 product reps that supposedly got the 8,000 stores (it used to be over 10,000 stores that the 10-K refers to as "points of sale") supposedly all "experienced and compliant minded",as Cox said they are, supposedly all set-up tents outside convenience store to sell and acquire 1,500 mobile broadband customers per day.

Cox can't keep the lies and the facts straight! He never will either. Terrible CEO. If you're going to run a scam, ya gotta know the difference.

_______

SurgePays hired an in-house sales team. They did that years ago now, and their "store" count dropped from 10,000 plus to 8,000 even after recent acquisition of 500+ stores from Commander Communication Wireless. Commander Communication wireless which weirdly SurgePays is not selling mobile service or mobile broadband under (go figure... another pink sheet type acquisition?).

https://www.bloomberg.com/press-releases/2021-07-20/surgepays-inc-acquires-commander-communication-a-provider-of-prepaid-wireless-payment-products-to-approximately-500

______

SurgePays is a scam. And Cox is stupid enough to go live, that he avoided ever doing for years. The kids are smarter than Brian Cox.

Pure example when Cox did what he labeled a Surge Holdings Inc. (previous name) company "Conference Call" on January 9th, 2020, that was a paid-for-promotion stock promoting service interview with no one calling-in, no one able to call in, and pre-arranged questions asked by Stuart of SmallCapVoice.com to Cox by the paid interviewer.
https://www.globenewswire.com/news-release/2019/12/23/1964155/0/en/Surge-Holdings-Inc-Announces-CEO-Conference-Call-Scheduled-for-January-9th-2020.html

________


Too bad no one asked Mr. Cox about the 40,000 AATAC convenience stores that he and SurgePays Inc. failed to install their SurgePays blockchain Portal into.

https://www.prnewswire.com/news-releases/surge-holdings-partners-with-aatac-to-place-surgepays-blockchain-portal-into-40-000-retail-locations-300803857.html

Brian Cox, CEO of SurgePays Inc. completely abandoned the AATAC convenience store acquisition and SurgePays Portal installations, that 'amazing' blockchain SurgePays Portal. Completely abandoned, never a mention by Cox or by SurgePays, or by CFO Tony Evers, or within SEC filings, except the $500,000 drip fee SurgePays paid yo AATAC.

https://www.globenewswire.com/news-release/2019/05/16/1826154/0/en/Surge-Provides-Update-on-Rollout-of-SurgePays-Network-and-Announces-15-Increase-in-Revenue-to-3-9-Million-for-the-First-Quarter-of-2019.html

https://www.globenewswire.com/news-release/2019/07/18/1884657/0/en/Surge-Holdings-Announces-Launch-of-SurgePays-Network-Installations-with-AATAC.html
Brian Cox, July 18, 2019: "Our goal is to increase the amount of [AATAC store] installations over the next 2-3 months, with the ultimate goal to install the system in at least 3,000-4,000 locations per month."


And yet... Total abandonment!


_________


Questions were not pre-planned. Nice to see!

Benzinga All Access interview. March 4, 2022.