Surge Global Energy, Inc. (fka SRGG)

[e-ore]

SRGG - From 10q filed 5/15/12:

"Total assets $2,929,341"
"Total liabilities "348,235"

And we have a market cap of $937,492 (at .026)?

Changes coming:
"We are, and have historically been, an oil and gas exploration and development company. However, at this time because of our lack of working capital, our primary objective is to pro-actively seek to monetize our investment in Andora Energy Corporation at a reasonably acceptable price, and then to invest the proceeds into one or more attractive business opportunities, without being specifically confined to oil and gas exploration. Since we have not been able to date to sell our Andora shares, we are also trying to maximize shareholder values by seeking a merger partner and/or to acquire an oil and gas property through a leveraged buyout. In order to maximize shareholder value, the Company will consider business opportunities that are not confined to oil and gas exploration so long as the Company would be in compliance with the Investment Company Act of 1940, as amended."

They have the ability to do a leveraged buyout with such a strong balance sheet

And they paid off their convertible note from Asher Enterprises. Asher won't get any discounted shares :)
"The Company paid the outstanding Note in full, including interest and a 40% prepayment penalty, on February 20, 2012."