ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
SurgePays Inc

SurgePays Inc (SURG)

2.94
-0.05
(-1.67%)
Closed July 13 4:00PM
2.93
-0.01
(-0.34%)
After Hours: 7:59PM

Calls

StrikeBid PriceAsk PriceLast PriceMidpointChangeChange %VolumeOPEN INTLast Trade
2.500.300.750.550.5250.000.00 %067-
5.000.030.030.030.030.000.00 %0179-

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Puts

StrikeBid PriceAsk PriceLast PriceMidpointChangeChange %VolumeOPEN INTLast Trade
2.500.050.500.050.2750.000.00 %036-
5.001.402.752.052.075-0.09-4.21 %24637/12/2024

Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
VEVVicinity Motor Corporation
$ 0.7131
(122.15%)
116.26M
QLGNQualigen Therapeutics Inc
$ 0.428851
(108.89%)
420.2M
IVPInspire Veterinary Partners Inc
$ 10.52
(88.19%)
41.79M
TOYOTOYO Company Ltd
$ 2.699
(74.13%)
56.65M
NISNNiSun International Enterprise Development Group Company Ltd
$ 9.11
(51.33%)
7.4M
SISIShineco Inc
$ 0.8446
(-60.16%)
6.71M
MCACMonterey Capital Acquisition Corporation
$ 3.54
(-49.50%)
364.7k
MCACUMonterey Capital Acquisition Corporation
$ 7.64
(-28.40%)
2.61k
GENEGenetic Technologies Ltd
$ 0.80
(-27.93%)
780.46k
KZIAKazia Therapeutics Ltd
$ 0.8975
(-27.62%)
25.62M
QLGNQualigen Therapeutics Inc
$ 0.428851
(108.89%)
420.2M
MAXNMaxeon Solar Technologies Ltd
$ 0.237
(-1.54%)
286.13M
NVDANVIDIA Corporation
$ 129.24
(1.44%)
251.65M
AGRIAgriFORCE Growing Systems Ltd
$ 0.1001
(21.92%)
192.82M
LCIDLucid Group Inc
$ 4.25
(25.00%)
167.79M

SURG Discussion

View Posts
StockItOut StockItOut 2 weeks ago
$SURG new 2-year low. Back to OTC-like business-as-usual.
👍️0
StockItOut StockItOut 2 weeks ago
Now you're desperate. As we see in your stock pump.


$SURG
👍️0
StockItOut StockItOut 2 weeks ago
Underwater is more like it.
👍️0
SurgeGuy2.0 SurgeGuy2.0 2 weeks ago
SURG well undervalued.
👍️0
Televet Televet 2 months ago
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.
👍️0
SurgeGuy2.0 SurgeGuy2.0 2 months ago
SURG looking strong......looking forward to earnings!!!!!!
👍️0
StockItOut StockItOut 3 months ago
$SURG gaps at $2.12 & $1.88: $SURG on its way back down to fill.
👍️0
StockItOut StockItOut 3 months ago
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.

.
👍️0
bUrRpPPP! bUrRpPPP! 3 months ago
Thurs last chance for ACP vote link... https://broadbandbreakfast.com/discharge-petition-on-fate-of-7-billion-acp-now-active/
👍️0
bUrRpPPP! bUrRpPPP! 3 months ago
Coxy gunna have to find another GOV program to scam...whoopsie!
👍️0
SurgeGuy2.0 SurgeGuy2.0 3 months ago
Whoopsie! SURG heading higher.........load them up!
👍️0
StockItOut StockItOut 3 months ago
$SURG $1s coming.
👍️0
bUrRpPPP! bUrRpPPP! 3 months ago
!Whoopsies! headed lower every day!
👍️0
StockItOut StockItOut 3 months ago
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.
👍️0
SurgeGuy2.0 SurgeGuy2.0 3 months ago
IF it was a SCAM, then how was it upgraded up to the NASDAQ? lolzzzzzzzzzzzz
👍️0
StockItOut StockItOut 3 months ago
So just trade. You don't deny SurgePays is-a scam!
👍️0
SurgeGuy2.0 SurgeGuy2.0 3 months ago
SURG moving up again! Nice loading under $4.00 again! lolzzzzz
👍️0
StockItOut StockItOut 3 months ago
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.


.
👍️0
SurgeGuy2.0 SurgeGuy2.0 3 months ago
SURG looking Good! Another load well under $4.00, Easy double!!!!!
👍️0
StockItOut StockItOut 4 months ago
Weak hands buy the downtrend.
👍️0
SurgeGuy2.0 SurgeGuy2.0 4 months ago
Booooooom!!!! Love weak hands!!!!!! Easy double! lolzzzzzzzz
👍️0
SurgeGuy2.0 SurgeGuy2.0 4 months ago
Reloaded under $4.00!!! Weeeeeeeeeeeeeee

NASDAQ stocks are the best!!!!!!!!!
👍️0
StockItOut StockItOut 4 months ago
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.
👍️0
StockItOut StockItOut 4 months ago
$SURG back below pre-Nasdaq price levels.
👍️0
StockItOut StockItOut 4 months ago
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.
👍️0
StockItOut StockItOut 4 months ago
$SURG gap below at $2.12. And at $1.88.
👍️0
StockItOut StockItOut 4 months ago
Now that $5s then $3s hit, trend-line broken, support broken, $SURGIE has no real support now until low $2s.
👍️0
bUrRpPPP! bUrRpPPP! 4 months ago
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
👍️0
bUrRpPPP! bUrRpPPP! 4 months ago
$3.75... just another $3 down to go! whoopsies!
👍️0
bUrRpPPP! bUrRpPPP! 4 months ago
Headed back to OTCBB...cook the books!
👍️0
bUrRpPPP! bUrRpPPP! 4 months ago
I may start to cover shares around .75 cents... maybe
👍️0
bUrRpPPP! bUrRpPPP! 4 months ago
Here come the $3's... shareholders now very underbanked! whoopsies!
👍️0
bUrRpPPP! bUrRpPPP! 4 months ago
Last $4.16 Still short from $9.20 !!! I love Coxy Woxy!
👍️0
bUrRpPPP! bUrRpPPP! 4 months ago
SO glad I shorted this @ $9.20...easy money when you understand this scam!
👍️0
bUrRpPPP! bUrRpPPP! 4 months ago
Insiders and employees all dumping and shorting!
👍️0
Perillo1964 Perillo1964 4 months ago
Thanks for the cheap entry read this wow https://clearline.me/service/marketing-automation-2/
👍️0
bUrRpPPP! bUrRpPPP! 4 months ago
Coxy and his cronies all shorting SURG is a sign the end is near!
👍️0
StockItOut StockItOut 4 months ago
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.
👍️0
StockItOut StockItOut 4 months ago
"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.
👍️0
StockItOut StockItOut 4 months ago
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.

.
👍️0
Perillo1964 Perillo1964 4 months ago
https://www.freepress.net/news/press-releases/hundreds-members-congress-join-support-new-funding-acp-program
👍️0
StockItOut StockItOut 4 months ago
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.”
👍️0
StockItOut StockItOut 4 months ago
Wow, that SurgePays ParichuteConnect deal, huh?
How's that working out?

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

Creepy ParichuteConnect.
👍️0
StockItOut StockItOut 4 months ago
LOL
👍️0
bUrRpPPP! bUrRpPPP! 4 months ago
ACP shut down because scammers and lowlifes made a living off the underbanked!
👍️0
Televet Televet 4 months ago
Hope we get an update on ACP.
👍️0
Monksdream Monksdream 4 months ago
SURG 10Q due March 12
👍️0
StockItOut StockItOut 4 months ago
3-days-straight close under-50-dma. $SURG-is-a-short. Back-to-$5,-then-$3.
👍️0
Samir80 Samir80 4 months ago
https://seekingalpha.com/article/4676703-surgepays-taking-to-neutral-given-acp-uncertainty-downgrade
👍️0
StockItOut StockItOut 4 months ago
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
👍️0

Your Recent History

Delayed Upgrade Clock