SurgePays Inc (SURG)

[Zorax]

SP understand using a small time tenn 'auditor'.
SP makes most it's income from stock sales and stock/warrants manipulations. Their product isn't out in the market place in any appreciable manner, and fins are questionable due to 6 owners all owning the sub companies intertwined. SP is 13,538,000 in the red, and have never shown a year to year profit. While the 6 'officers' give themselves multi millions in salaries, benefits and extra stock compensation.

Claims 34 employees, minus the 6 or 7 officers, roughly 24 other people work for SP at any given time and they are not all full time and they seem to rip people off on hours.

SP also appears to be ripping the US government off with subsidized income for 'devices' they supposedly sell to low income or government welfare people.

https://www.indeed.com/cmp/Surge/reviews?fcountry=ALL

https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=116574423&type=PDF&symbol=SURG&companyName=SurgePays+Inc.&formType=10-K&formDescription=Annual+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2022-03-24&CK=1392694

About SurgePays, Inc.
SurgePays, Inc. is a financial technology and telecom company focused on providing essential services to the underbanked community. The
Company’s blockchain fintech platform utilizes a suite of financial and prepaid products to convert corner stores into tech-hubs for underbanked
neighborhoods. The Company’s telecom subsidiaries provide mobile broadband, voice and SMS text messaging to both subsidized and direct retail prepaid
customers.
SurgePhone Wireless and LocoRabbit Wireless
SurgePhone, a wholly owned subsidiary of SurgePays, is a mobile virtual network operator (MVNO) company with 2 branded channels of
business. SurgePhone is licensed by the U.S. Federal Communications Commission (the “FCC”) to provide subsidized mobile broadband services to
consumers qualifying under the federal guidelines of the Affordable Connectivity Program (the “ACP”). The ACP (the successor program, as of March 1,
2022 to the Emergency Broadband Benefit program) provides SurgePhone up to a $100 reimbursement for the cost of each tablet device distributed and a
$30 per customer, per month subsidy for mobile broadband (internet connectivity) services. SurgePhone has received approval to offer subsidized mobile
broadband in these 14 states: California, Colorado, Florida, Illinois, Maryland, Mississippi, Missouri, Nevada, New Jersey, Ohio, Oklahoma, Rhode Island,
Tennessee, and Texas.

The market price for our shares of Common Stock may also be affected by our ability to meet or exceed expectations of analysts or investors. Any
failure to meet these expectations, even if minor, may have a material adverse effect on the market price of our shares of Common Stock.
We currently do not intend to pay dividends on our Common Stock. As result, your only opportunity to achieve a return on your investment is if the
price of our Common Stock appreciates.
We currently do not expect to declare or pay dividends on our Common Stock. In addition, in the future we may enter into agreements that
prohibit or restrict our ability to declare or pay dividends on our Common Stock. As a result, your only opportunity to achieve a return on your investment
will be if the market price of our Common Stock appreciates and you sell your shares at a profit.

9 lawsuits pending.