Bird Dog Research

Investment Research firm. Opinions are our own. Not Financial Advice

[Bird Dog Research @BirdDogResearch]

Aqua Metals, Inc ( $AQMS ) is operating their lithium-ion battery recycling facility illegally and does not have the required permits to handle hazardous waste or the appropriate air permits.

1/8

[Bird Dog Research @BirdDogResearch]

No ACP funding in Government funding bill signed yesterday. Tick Tock $SURG

[Bird Dog Research @BirdDogResearch]

@TNF3412 You obviously know nothing about $SURG. 95% of their revenue comes from ACP. Thats the definition of dependent

[Bird Dog Research @BirdDogResearch]

$SURG down almost 40% in past week on earnings and ACP funding fears. How are people still risking their capital in this company with potential ACP shutdown in <1 month?

[Bird Dog Research @BirdDogResearch]

We warned this day might come in our $SURG report. Election year puts ACP funding in the crosshairs. @SurgePays

https://t.co/1uHZt3GgN2

[Bird Dog Research @BirdDogResearch]

@ResearchGrizzly Was looking at this yesterday. Reeked of bullshit

[Bird Dog Research @BirdDogResearch]

Disclosure: We have taken a short position in Aqua Metals, Inc. This communication represents our opinion, and we encourage every reader to do their own due diligence.

8/8

[Bird Dog Research @BirdDogResearch]

Aqua Metals, Inc ( $AQMS ) is operating their lithium-ion battery recycling facility illegally and does not have the required permits to handle hazardous waste or the appropriate air permits.

1/8

[Bird Dog Research @BirdDogResearch]

$AQMS submitted initial documentation for their Class II Air Permit on January 17th, 2023 and filed a request for confidentiality on March 24th, 2023. As of today, NDEP has not officially received an application for Air Permits by $AQMS.

7/8

[Bird Dog Research @BirdDogResearch]

@kbcox Found the website:

[Bird Dog Research @BirdDogResearch]

$SURG @kbriancox What is your affiliation with Galaxy Distribution Inc?

It has the same address as SurgePays, is currently registered to your VP of Sales(formerly registered to Board Member David May) and received a $1.2M dollar commission in 2022 from @SurgePays .

1/4

[Bird Dog Research @BirdDogResearch]

@kbcox What is your affiliation with "ACP 4 You LLC" that is registered under your EVP of Sales and at the same address as True Wireless?

[Bird Dog Research @BirdDogResearch]

@FCC @BrendanCarrFCC @SECGov @JRosenworcelFCC @FccOig when are you going to do something about @SurgePays $SURG