SurgePays Inc (SURG) Quote

$SURG $1s coming.

!Whoopsies! headed lower every day!

I suppose Nasdaq wasn't presented SurgePay's cooked books where the CFO resigned because he refused to sign off on the 10-K.

It does seem like Nasdaq lists scams with some frequency where previously it had appearance of integrity.

Maybe Nasdaq lamented when days later after the new listing all that fraudulent SurgePays naked short selling washed money through 18.5 X the entire SURG outstanding in a day.

Why ask to rehash it? That's weird.

IF it was a SCAM, then how was it upgraded up to the NASDAQ? lolzzzzzzzzzzzz

So just trade. You don't deny SurgePays is-a scam!

SURG moving up again! Nice loading under $4.00 again! lolzzzzz

Even Maxim, SurgePays's financier, changed $SURG from buy-to-hold rating.

Now notice how Ascendiant Capital scammers today rated SURG a buy even with the national Affordable Connectivity Program ending full ACP payments this month. Does scammy Ascendiant Capital have inside knowledge to know that the ACP will be refunded?

Funny, because Ascendiant 11 months ago did the exact same buy price target adjustment from $11.50 to $10.00. Looks like scammers just republished year old news as if it is new.

If ACP does get refunded, watch your short.

Without ACP, SurgePays is a short sell, where SurgePays, Inc. will continue to go right back to its lame misleading books cooking OTC type company.

https://www.sec.gov/news/press-release/2021-24 SEC Charges Investment Adviser and Others With Defrauding Over 17,000 Retail Investors

Washington D.C., Feb. 4, 2021 —
The Securities and Exchange Commission today charged three individuals and their affiliated entities with running a Ponzi-like scheme that raised over $1.7 billion from securities issued by a New York-based asset management firm and registered investment adviser, GPB Capital. The SEC also charged GPB Capital with violating the whistleblower protection laws.

The SEC’s complaint alleges that David Gentile, the owner and CEO of GPB Capital, and Jeffry Schneider, the owner of GPB Capital’s placement agent Ascendant Capital, lied to investors about the source of money used to make an 8% annualized distribution payment to investors. According to the complaint, these defendants along with Ascendant Alternative Strategies, which marketed GPB Capital’s investments, told investors that the distribution payments were paid exclusively with monies generated by GPB Capital’s portfolio companies. As alleged, GPB Capital actually used investor money to pay portions of the annualized 8% distribution payments. GPB Capital and Gentile with assistance from Jeffrey Lash, a former managing partner at GPB Capital, also allegedly manipulated the financial statements of certain limited partnership funds managed by GPB Capital to perpetuate the deception by giving the false appearance that the funds’ income was closer to generating sufficient income to cover the distribution payments than it actually was.

The SEC’s complaint further alleges that GPB Capital and Ascendant Capital made misrepresentations to investors about millions of dollars in fees and other compensation received by Gentile and Schneider. As alleged, the fraudulent scheme continued for more than four years in part because GPB Capital kept investors in the dark about the limited partnership funds’ true financial condition, failing to deliver audited financial statements and register two of its funds with the SEC. GPB Capital allegedly violated the whistleblower provisions of the securities laws by including language in termination and separation agreements that impeded individuals from coming forward to the SEC, and by retaliating against a known whistleblower.

“As alleged in our complaint, the defendants told investors that they would be paid distributions from profits of the portfolio companies when, in reality, many of the payments were being made from the investors’ own funds,” said Richard Best, Director of the SEC’s New York Regional Office. “This action shows our continued pursuit of those who deceive investors and conceal their misconduct to reap profits for themselves.”

Jane Norberg, Chief of the SEC's Office of the Whistleblower, added, “Whistleblower protections are a cornerstone of the SEC’s whistleblower program. The charges filed today reinforce the Commission’s commitment to protecting whistleblowers from retaliation and attempts to stifle the free flow of information to the Commission about possible securities law violations.”

The SEC’s complaint, filed in federal court for the Eastern District of New York, charges Gentile, Schneider, GPB Capital, Ascendant Alternative Strategies, and Ascendant Capital with violating the antifraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934, and Lash with aiding and abetting certain of those violations. The complaint also charges GPB Capital and Gentile with violating the antifraud provisions of the Investment Advisers Act of 1940 and charges GPB Capital with violating the registration and whistleblower provisions of the Exchange Act and the Advisers Act’s custody and compliance rules. The complaint seeks disgorgement of ill-gotten gains plus prejudgment interest and penalties.

The SEC appreciates the assistance of the U.S. Attorney’s Office for the Eastern District of New York, Federal Bureau of Investigation, Financial Industry Regulatory Authority, Alabama Securities Commission, Illinois Securities Department, South Carolina Office of the Attorney General’s Securities Division, Office of the Georgia Secretary of State’s Securities Division, Missouri Securities Division, New Jersey Bureau of Securities, New York State Office of the Attorney General, and Texas State Securities Board.

The SEC’s investigation was conducted by Kristin M. Pauley, Lindsay S. Moilanen, Kerri L. Palen, David Stoelting, Neal Jacobson, Melissa A. Coppola, Alistaire Bambach, and Sheldon L. Pollock, and supervised by Lara S. Mehraban. The SEC’s examination that led to the investigation was conducted by Anthony P. Fiduccia, Kristine E. Geissler, Todd Naznitsky, Amritpal Sidhu, Merryl Hoffman, and Thomas J. Butler. The litigation will be led by Mr. Stoelting, Ms. Pauley, and Ms. Moilanen.


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SURG looking Good! Another load well under $4.00, Easy double!!!!!

Weak hands buy the downtrend.

Booooooom!!!! Love weak hands!!!!!! Easy double! lolzzzzzzzz

Reloaded under $4.00!!! Weeeeeeeeeeeeeee

NASDAQ stocks are the best!!!!!!!!!

10-K: the Company has seen a steady flow of tradeable warrants being exercised as of the new year. In January 2024, 4,125 warrants were exercised at $4.73 for cash proceeds of $19,511 and in February 2024, 1,773,606 warrants were exercised at $4.73 for cash proceeds of $8,389,156. The outstanding warrant balance as of February 29, 2024 is 3,468,355. As long as the tradeable warrants are in the money, the Company expects to see continued exercise of warrants for the remainder of the year, as these tradeable warrants expire in early November 2024.

$SURG back below pre-Nasdaq price levels.

Coxy siphoning $4,758,088.74 in 33 monthly payments. That’s $144,184 per month for 33 months. That’s for a while back selling his regulatory in legal trouble True Wireless company for just $10.00 and Coxy got tons of $SURG shares.

$SURG gap below at $2.12. And at $1.88.

Now that $5s then $3s hit, trend-line broken, support broken, $SURGIE has no real support now until low $2s.

Never buy a stock that the Institutional holding are only 7%...they know the scams!
https://finviz.com/quote.ashx?t=SURG&ty=c&ta=1&p=d

$3.75... just another $3 down to go! whoopsies!

Headed back to OTCBB...cook the books!

I may start to cover shares around .75 cents... maybe

Here come the $3's... shareholders now very underbanked! whoopsies!

Last $4.16 Still short from $9.20 !!! I love Coxy Woxy!

SO glad I shorted this @ $9.20...easy money when you understand this scam!

Insiders and employees all dumping and shorting!

Thanks for the cheap entry read this wow https://clearline.me/service/marketing-automation-2/

Coxy and his cronies all shorting SURG is a sign the end is near!

Maxim Group Downgrades SurgePays Inc. (SURG) to Hold from Buy.

https://www.streetinsider.com/dr/news.php?id=22923617


SURG down 30% seems many shareholders have downgraded SurgePays, Inc. to a Sell.

"If the ACP is not funded, we will look to increase revenue growth in our planned non-subsidized MVNO business and Comprehensive Platform Services through organic sales, key hires, and, as opportunities arise, complimentary acquisitions that are synergistic and accretive to our business model.” Back to the OTC scam model we were before.
https://www.globenewswire.com/news-release/2024/03/12/2844995/0/en/SurgePays-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results.html

"If the ACP is not funded, we will take the resources dedicated to the subsidized MVNMO business and move into the non-subsidized MVNO quicker than currently planned. We believe there is an opportunity to accomplish both goals, expand subscribers and add stores simultaneously. We also believe there is an opportunity to convert the subsidized subscribers into a non-subsidized plan. Those individuals currently utilizing the ACP may be looking for an alternative." 10-K 2023: https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1392694/000149315224009661/form10-k.htm#lop_024

"quicker than currently planned." Meaning SurgePays has no plan. Other than raking in government handout money.

Why not have the "quicker" plan anyway? It's been six years of nothing growth and diminished revenues until ACP handouts showed up.

"We believe there is an opportunity to accomplish both goals, expand subscribers and add stores simultaneously."
Same as before ACP, where Brian Cox scammed shareholders, enriching himself first, shareholders never, year after year, never growing but losing the number of SurgePays stores. Those ECS "points of sale" stores were purchased, and then only decreased in total number since purchased by Surge Holdings, Inc. from 9,500 points of sale to 8,000 points of sale.

Where are these points of sale "stores" SurgePays falsely calls stores? Where can shareholders go to a SurgePays, Inc. store to top-up or purchase their mobile plan or phone card? SurgePays keeps that a secret, never publicized, why?, because SurgePays convenience stores don't exist.

Notice Surge Blockchain, LLC, the division of SurgePays, Inc. that as Surge Blockchain sells goods at SurgePays convenience stores, has in effect no revenue, just $38,466 as "Other" revenue for all of 2023.

Did Tony Evers as SurgePays, Inc.'s.'s CFO again move and shift revenues on the books, as they've done for years, even prior to Evers as CFO? Is Surge Blockchain revenue now being cooked as in-part Surge Fintech revenue? Disaggregated cooking the books income used to be the SurgePays, Inc. standard.

ACP govt socialism for corporations, masked as assistance to low-income folks.

Congress should pass a bill forcing without compensation (at minimum without profit) the Internet Service Providers and the MNVO's to provide no-cost internet to U.S. households living near the poverty line.

Govt just wants as many as possible on internet to track and categorize them, as performed through shareholder owned corporations, who then also obtain and exploit the data. All internet traffic gets directed to govt entities (e.g. the NSA).

Proof of government's corporate socialism is all the profit SurgePays acquires from government handout money.

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https://www.freepress.net/news/press-releases/hundreds-members-congress-join-support-new-funding-acp-program

After hours $7 to $5.50 dump.

If the ACP is not funded, we will look to increase revenue growth in our planned non-subsidized MVNO business and Comprehensive Platform Services through organic sales, key hires, and, as opportunities arise, complimentary acquisitions that are synergistic and accretive to our business model.”

Wow, that SurgePays ParichuteConnect deal, huh?
How's that working out?

10-Q update? on that SurgePays ParichuteConnect deal you touted here?

Creepy ParichuteConnect.

LOL

ACP shut down because scammers and lowlifes made a living off the underbanked!

Hope we get an update on ACP.

SURG 10Q due March 12

3-days-straight close under-50-dma. $SURG-is-a-short. Back-to-$5,-then-$3.

https://seekingalpha.com/article/4676703-surgepays-taking-to-neutral-given-acp-uncertainty-downgrade

Lies-don't-cover-fact-that ACP stopped taking new applications a month ago.

And that current ACP enrollees are slated to have their ACP subsidy stop at or near the end of April, 2024.

That's in a month and a half.

Thousands and thousands of SurgePays ACP customers will lose their free service, and will drop their SurgePays broadband.

That's a lot of bill collecting and customer service hassle SurgePays will have to deal with when those folks also get billed the full cost instead of $0 a month.

Where is guidance from SurgePays, Inc.?

"The ACP Is Winding Down
The Affordable Connectivity Program stopped accepting new applications and enrollments on February 7, 2024. The last fully funded month of the program is April 2024."
https://www.fcc.gov/acp

FCC: April is last month for Affordable Connectivity Program payments
https://www.msn.com/en-us/news/politics/fcc-april-is-last-month-for-affordable-connectivity-program-payments/ar-BB1jnF3D

oh, those unprofitable other money streams? those ones? this scam lucked out with ACP, and then a congressman had to stop by to either cover for SurgePays, Inc.'s massive number of FCC violations or to see what the scam company is about.

think about it, that SurgePays would give you my cell phone number with my SurgeWireless customer account information so that you could then call to harass me each time I posted here.

Smells like another scam!

Funny, as the company has multiple money streams.......nice try though. lolzzzzzzz

Does not matter. Brief hold until funding, of which Congress passed a bill today! lolzzzzzzzzzzz, there is no chicken little with sky falling......market reflects such today.

You sure it's not salami?

Yeah, only way SurgePays, Inc. makes money is with government handouts. ACP is like food stamps for SurgePays, Inc.

Socialism, as government handouts for SurgePays, Inc. is only how SurgePays is profitable.

Fact.

Yup, we knows ACP sign-ups stopped. FCC requirement. Therefore we knows SurgePays is no longer signing-up new ACP accounts. And ACP accounts means no SurgePays revenue growth. Likely attrition of customers too, therefore lowering SurgePays revenues.

Total baloney, especially given all the current folks are still getting paid so there has been no impact on revenue.......and ACP not taking applications until Gov program funded. Given we are on a CR, that is not surprising.......will be resolved soon enough.

What nose dive? Link? Program has not been cancelled. Nice try.

The analysts trading this thing don't seem to care SurgePays revenues must have dropped when ACP stop taking new applications a month ago. What processionals bought $15M in SURG shares knowing soon likely that SurgePays might or would likely have huge revenue drops with looming end to ACP? Those analysts supporting SurgePays, Inc. are seemingly professional wallstreet scammers.

Now that the Affordable Connectivity Program ceased taking new enrollments, we know for certain that SurgePays revenue has nose dived straight down for the past month or longer.

$SURG setting up to drop back to $5s.