It’s been a while since I discussed Surgepays (see here and here), and the recent Q3 results as well as my recent chat with the CEO are a good opportunity to provide an update about the company.Thanks for reading ToffCap! Subscribe for free to receive new posts and support my work.
Once bitten, twice shy. A lesson in doing my DD on the CEO properly for me. Too many contingent factors for this to be anything other than an 'option' (and hence very small) trade
I traded SURG and made some money when they first announced some big numbers based on ACP. The CEO issue has kept me away. It’s not completely fair as he may very well be innocent, but there is a meaningful probability he l isn’t. Also in my one brief interaction with him he doesn’t have that mature CEO/leader vibe.