SurgePays Inc (SURG) News

Still Bullish here, easy double in short term.

Surgepays! Easy Double from here.........winner!

Ascendiant Capital maintains buy on Surgepays scam, lowers price target to anything still above the price of all its SURG options. LOL.

you fishing...? lol

Still upset SEC said go pound sand after the baseless complaint? lolzzzzzzzzz

Is that what your insider SurgePays, Inc. scam-buddies are manipulating?

Nice Chart.......Surg poised for an easy double or more before Christmas.

SURG...............................https://stockcharts.com/h-sc/ui?s=SURG&p=W&b=5&g=0&id=p86431144783

lolzzzzz. $4 to $1.41 since you 'loaded' in March/April. Only gone down, never came close to going up or $9. SURG scammer. lolzzzzz

Shake the hand of Cox the grifter...and lose everything you have.

Glad I sold thousands at $9, now reloading for easy triple or more! lolzzzzz. Winner!

$SURG what-a-dilution machine! 3M to 20M shares since the reverse split and the big money launder.

BYON $1.42 Glad I shorted @ $9... what a scam! Go COXY WOXY!

You're shorting SURG now? SURG $1.44. 5-year low.

SURG new low. Maybe Brian Cox can get back to his solid business practices like BLITZ and selling PPE.

SURG new 52 low

Liar. SURG looking weakest in years.

SurgePays, Inc. losing money yet Brian Cox wants to spend $5M precious dollars on buying his company's own massively diluted stock?

I'm surprised someone is still promoting this scam.

SURG, looking strong.........stock buy back! Easy Double!

SurgePays Scam $SURG trades 3-cents from 5 year lows.

While skank CEO Kevin Brian Cox awards himself $5 Million to $8 Million in salary plus cash bonus and stock award compensation, per year.

SurgePays, Inc. = Insiders self-enriching SCAM!

Fact.

Analysts jump right on board to support this scam company too.

SurgePays Scam $SURG trades 8cents from 5 year lows.

While skank CEO Kevin Brian Cox awards himself $5M to $8 Million in salary and cash bonus and stock award compensation per year.

SurgePays, Inc. = SCAM!

Fact.

Analysts jump right on board to support this scam too.

Fact.

Coxy's SurgePays self-dealing scam paying himself hugely!


Chief Executive Officer

In December 2023, the Company finalized the terms of its employment agreement with its Chief Financial Officer as follows:

1. Term – through December 31, 2028
2. Base salary

a. For the year ended December 31, 2023 - $750,000,
b. For each year thereafter an increase of 3%

3. Annual cash bonus

a. For the year ended December 31, 2023, and all other years throughout the term of the employment agreement - $870,000.

4. Restricted Stock Awards

a. Effective March 1, 2024, future stock awards totaling 2,500,000 shares of common stock.
b. The shares will be issued and vest as follows:

i. 500,000 shares ratably over the period July 2024 – December 2024 (83,333 shares per month over a six-month period). The fair value of this grant was $3,800,000, based upon the quoted closing price of $7.60/share, 500,000 on June 1, of each subsequent year (2025, 2026, 2027 and 2028), at which time these shares will have their fair value determined. These shares have no stated performance or service requirements, other than to be remain as the Chief Executive Officer, and the expense will be recorded on the grant date; and
ii. Shares shall immediately vest if any of the following occur and the Chief Executive Officer is employed by the Company at the time of:

1. Death,
2. Total disability,
3. Termination without cause; and
4. Change in control

5. Annual Revenue Goals (only one (1) award per goal may be earned until next threshold is achieved

a. $250,000,000 – value of restricted stock award will be $6,250,000,
b. $500,000,000 – value of restricted stock award will be $25,000,000,
c. $1,000,000,000 – value of restricted stock award will be $50,000,000,
d. $2,000,000,000 – value of restricted tock award will be $100,000,000; and
e. Each additional $1,000,000,000 – value of restricted tock award will be $50,000,000,

6. Annual EBITDA Goals (only one (1) award per goal may be earned until next threshold is achieved

a. $50,000,000 - value of restricted stock award will be $2,500,000,
b. $100,000,000 - value of restricted stock award will be $5,000,000; and
c. Each additional $50,000,000 - value of restricted stock award will be $2,500,000

7. Market Capitalization Goals (only one (1) award per goal may be earned until next threshold is achieved

a. $250,000,000 - value of restricted stock award will be $25,000,000,
b. $500,000,000 - value of restricted stock award will be $50,000,000,
c. $1,000,000,000 - value of restricted stock award will be $100,000,000,
d. $2,000,000,000 - value of restricted stock award will be $200,000,000; and
e. Each additional $1,000,000,000 - value of restricted stock award will be $100,000,000

8. Other

a. Vacation,
b. Car allowance of $500 per month; and
c. Home office expense reimbursement of $667 per month,
d. 401(K) plan participation,
e. Life insurance; and
f. Liability insurance

See Note 9 regarding the vesting provisions of these shares.

Naturally I wept

Ha! See that $2.5M money launder "goodwill" shuffled to ClearLine Mobile, Inc.

Wouldn’t touch it with a barge pole

You're long this scam?

I am peeing tears

SURG 136 week low!

SURG - 136 week low today!

(click link to load 3 yr. weekly chart)

SURG new 52 week low

SURG $1.99. Down 27% today. -$0.66 per share loss. YoY that's $1.06 per share lower.


Surgepays (NASDAQ:SURG) reported quarterly losses of $(0.66) per share. This is a 265 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $15.086 million which missed the analyst consensus estimate of $15.154 million by 0.45 percent. This is a 57.96 percent decrease over sales of $35.886 million the same period last year.



Not long now to hit my $1.50 share short cover target. Probably should wait to cover until SURG is in penny land back under $1 per share again.

.

New 2 year SURG low today. You're waayyy underwater.... still ..... and again.
Your Brian Cox scam is being seen for the scam it is.

Heck of an engulfing candle on today's SURG big price drop.

Shorts have yet covered on this garbage scam company.
Brian Cox has to bottom feed on government handouts. ACP is done. Extreme SURG revenue drop still onging.
And you're once again underwater on $SURG.

I see Surg shooting up through $5 very soon.

SURG, easy double from here!

$SURG new 2-year low. Back to OTC-like business-as-usual.

Now you're desperate. As we see in your stock pump.


$SURG

Underwater is more like it.

SURG well undervalued.

Why Cable and Telecom Stocks Were Soaring Today
Story by Billy Duberstein • 4d • 3 min read

The Affordable Connectivity Program (ACP) is alive

Yesterday, a bipartisan group of Senators introduced an amendment to the 2024 Federal Aviation Administration (FAA) Reauthorization Act, which would provide roughly $6 billion in funding toward the Affordable Connectivity Program (ACP), along with another $3 billion to "rip and replace" equipment from Chinese telecom equipment providers ZTE and Huawei.
Telecom and cable stocks have been facing headwinds, as the current ACP, which provides a $30 per month broadband subsidy to low-income households, is in its final month of funding. Thus far, Congress has balked on continuing to fund the program or find room for it in the federal budget. If the subsidy were to go away, some 23 million households would either not pay their bills or pay only a portion to their current broadband provider, creating a big risk for those providers.

But late Tuesday, a bipartisan group of six Senators introduced an amendment that would attach the ACP to the FAA Reauthorization Act, which must be passed at some point.

Notably, the amendment is a modified form of the ACP bill that was shot down earlier this year. It shrinks the subsidy by about $1 billion from $7 billion to $6 billion, lowering the wage threshold for subsidy qualification while also implementing measures meant to curb waste and abuse.

On their recent conference calls, Charter, Comcast, and Shenandoah all referred to the expiration of the ACP as a potential risk for elevated churn in the upcoming second and third quarters. Charter noted it had 5 million ACP customers out of its roughly 30 million (or 17%) residential relationships. Comcast has about 1.4 million ACP recipients out of about 31.6 (4.4%) million residential customers. And Shenandoah said it had less ACP exposure than large players, at less than 4% of its customer base.

Therefore, should the program be revived, that would be a relief to all these companies' financials. It's a bit curious that Shenandoah is up much more than the others, given its lower proportion of ACP customers. But Shenandoah is a much smaller company at just a $900 million market cap, and positive or negative news tends to have an outsized effect on smaller-cap companies. Shenandoah had also seen its stock essentially cut in half in just the past five months or so. So, it was perhaps due for a bounce on any good news.

SURG looking strong......looking forward to earnings!!!!!!

$SURG gaps at $2.12 & $1.88: $SURG on its way back down to fill.

The federal government should just force the telcom/ISPs to provide no-cost or very very low-cost internet. Back in the new internet day corporate America was looking to cover internet as free for everyone, to get America online. It certainly can do it for low-income Americans.

Internet was created by the govt. Now, $50/month base for internet is standard corporate rip-off provided by initial govt handout. Yes, networks were built yet efficiencies lead to lower costs, not higher costs that we experience. Further, govt is reliant upon the quasi-private ISP networks and network operators to deliver all internet traffic and much data to the govt.

The Affordable Connectivity Program (ACP) is yet another corporate giveaway, evidenced clearly by scam SurgePays, Inc. raking in millions in revenue on internet infrastructure it does not own or operate. That's waste and abuse as fueled by govt spending.

Rather, simply have govt force the hand of public/private ISPs and telcoms to provide free or very very low-cost internet to those eligible for the ACP program. Corporate can absorb the costs just fine.

SurgePays, Inc. an OTC scam company without ACP proves ACP is a waste of govt money.

.

Thurs last chance for ACP vote link... https://broadbandbreakfast.com/discharge-petition-on-fate-of-7-billion-acp-now-active/

Coxy gunna have to find another GOV program to scam...whoopsie!

Whoopsie! SURG heading higher.........load them up!

$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!