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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (66749)	7/17/2021 12:31:51 PM
From: E_K_S	1 Recommendation Recommended By Lazarus Read Replies (1) \| Respond to of 78764

Re: SURG You might want to look at the March 2021 10K and the subsequent Form S1 dated 6/17/2021. --------------------------------------------- Probably one of the most interesting Fintech companies I have seen w/ services targeted to the underbanked, low income and/or 3rd word country users. They call themselves a 'blockchain' fintech company w/ a proprietary platform (valued at $4.29 million) but more importantly with a growing number if Customer Distribution Contracts that they are still refining based on expanding business model: 1) True Wireless is licensed to provide wireless services to qualifying low-income customers in five states. Revenues are recognized when the services have been provided and the government subsidy has been earned. 2) Surge Blockchain revenues are generated through the SurgePaysPortal multi-purpose software are recognized when the goods and services have been delivered and earned. 3) LogicsIQ is a full-service digital advertising agency and revenues are recognized at a period in time once performance obligations are met and services are provided as customer deposits are received in advance. The majority of the revenue is recognized within the month the obligation was created and recognized, after the lead is identified and sent to the customer. 4 )ECS is a leading provider of prepaid wireless load and top-ups, check cashing and wireless SIM activation to convenience stores and bodegas nationwide. Revenues are generated and recognized at time of sale. -------------------------------------------------------------------- SurgePays, Inc. Launches New Custom Private Label Gift Card Program For Its Independent Retail Store Clients ISO Program We understand the ISO (Independent Sales Organizations) market for wireless top-ups has changed significantly over the last 15 years. This is why we are proud to lead with our own MVNO (LocoRabbit) spiffs and incentives that we control. In addition, we understand the value of maximizing the relationship with store owners, so we developed the wholesale e-commerce platform to drop ship the top 100 C-store products direct to your stores. The payments for all goods are ACH’ed with the wireless top-ups, so the process is seamless for salespeople – all you have to do is create awareness of these products, push them and the mailbox money comes monthly! ------------------------------------------------------------------ ------------------------------------------------------------------ SurgePays 2020 Revenue Increases 111% Year-Over-Year To $54.4 Million ----------------------------------------------------------------- SurgePays, Inc. Retires Additional Debt SurgePays, Inc. (OTCQB:SURG) ("SurgePays" or the "Company"), a blockchain fintech company building a next generation supply chain network that offers wholesale goods and financial services for the underbanked more cost efficiently than traditional distribution models, today announces that it has retired an additional $1.48 million in debt above and beyond the previously retired $1.17 million of debt as announced on March 17, 2021. Cash on hand and proceeds from the Company's recent bridge financing were used to retire the combined $2.65 million in debt since January 1, 2021. --------------------------------------------------------------- How about those Covid Stimulus Loans too? Notice all the 3.75% loans due in 2050 -------------------------------------------------------------------------------------- Company is still not profitable but has sufficient resources (capital/equity) to expand their Fintech services working w/ small convenience store, mini-mart, tienda, and bodega owners to sell/collect offer payment services. Maybe even develop a direct payment platform (using Bitcoin or other digital payment system) to transact all items in these small remote family owned stores (around the world). What about developing a 'Money Transfer' payment service similar to Western Union that sits on top of their Network platform? Lots of possibilities . . Their most profitable segment is/was their TW wireless cell phone (pay as you go) service. Three Months Ended 3/31/2021 $200K profit from $628K Revenues! They need to develop a better Money Transfer/Deposit network (similar to Western Union but lower fees) so transfers can be made directly into their Network from US. I still see a lot of pieces to their service that can be bolted on (w/ little to no regulations too). FWIW, I use H2O wireless for my cell phone(s) as it serves my needs and this is one of their IPO suppliers. Not a Value play but an inexpensive Fintech investment AND generates Revenues w/ 2 profitable divisions and only a Market cap of $3.5 million (includes 924K warrants). Link to S1 dtd 6/17/2021. Lots of room for growth IMO. Discloser, very small position bought earlier this week @ 0.10/share.