Surge Global Energy, Inc. (fka SRGG)

[Orangeman3]

You are correct there is no evidence of dilution. But on Aug 24 they filed a SB 2 for 14 selling shareholders and the total amount of shares is 14,249,730 and thats quite a bit for a company with 28,970,000 S/O. So investors that read and understand toxic filings sit on the sidelines and wait. It takes 3 to 9 months to get approved depending on the letters of comments from the SEC to the company. Some times the company puts out a blockbuster PR to offset the sellers from the SB2. Plus those 14 people do not have to sell there stock. Yes SB 2s, S 8s, and REGDEX filings are called TOXIC filings and I Hub has a board for them under TOXIC
Plus l think in July another SB 2 was filed for over 18 million shares That took place when the PPS was .42 these filings scare investors away. Going back further Feb 27 they filed a 424B3 to increase the S/A from 75 million to 200 million S/A And on Jan 3 they filed a REGDEX l dont know if was for one million or 5 million dollars. But all those filings hurt the PPS

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5394739

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5284370