Replies to post #18129 on SurgePays Inc (SURG)

[StockItOut]

Outstanding Nov 2nd will be just 3,276,726 shares.
(that's 163,836,317 / 50 = 3,276,726)

Dilution deal close Nov. 4th, will add 9,200,000 shares. At a 16% price discount to the Nov. 1st closing price.

Total outstanding on Nov. 2nd will be 3,276,726 shares.

Total outstanding on Nov. 4th will be 12,476,726 shares.

Share price of $1.92 equates to the $17.62M company valuation before Reverse Split.

Nov. 1st company valuation of $17.62M with close price of $0.1079, with 163,836,317 shares outstanding.

Consider the new cash of about $16M ($19.78M before discounts and commissions), would bring today's Nov. 1st valuation inclusive of added cash, to a valuation equivalent share price of about $2.69 per share.

Nov. 2nd conversion share price is $5.395.

Financing is massive dilution.

Consider too, SurgePays is junk, and already tremendously over valued.

[bUrRpPPP!]

SADLY ANYONE HOLDING SHARES WILL LIKELY NOT EVEN BE ABLE TO SELL UNTIL AFTER A HUGE HAIRCUT...MANY TIME SCAMMERS LIKE COX DONT WANT YOU TO SELL YOUR SHARES TO COMPETE WITH THE SHARES HE WILL BE DUMPING ON THE MARKET...