Reward-cycle dependency
Ontario
Joined March 2025
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Paragon_73 retweeted
Almost like this is a set up prior to some more Equity share awards - all this from a fluff pr - as their shareholders (all) are down 80-90% from there shady ways.
Paragon_73 retweeted
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As a shareholder, some context: this company was facing a liquidity crisis and going-concern warnings, running an unprofitable pet food business that posted a $3.2 million operating loss in its latest reported quarter. The "no debt and $60 million in assets" line is polished PR. What actually rebuilt the balance sheet was Eric Jackson's AI platform — and the ELOC, a $50 million equity line of credit with Keystone Capital Partners. That is dilution, not operating business .
$SRXH
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On October 27, SRX Global posted a celebration of its CFO, Nina Martinez, for making the Tampa Bay Business Journal's 2026 40 Under 40 list, from more than 400 nominations. The post credits her with the restructuring, the $55 million acquisition of EMJX, and a debt-free balance sheet with roughly $60 million in treasury assets.
Let's be clear about where that balance sheet came from. It didn't come from operations. Halo sells about $3.4 million a quarter — at a loss. It came from dilution: 268 million common shares, 117 million Exchangeable Shares, and 44 million warrants issued in the EMJX deal, taking book equity from $0.4 million to $143 million in one stroke. And $80 million of that is intangibles — the booked value of Jackson's platform itself.
The liquidity that made any of it possible came from Eric Jackson. Investors didn't show up for a pet food company. They showed up for Jackson, his platform, and his track record. I know of 0 shareholders - who put money into this company for any other reason.
And yet the post celebrating the EMJX acquisition doesn't mention Jackson once. The same week, Jackson scrubbed SRX, EMJX, from his bio, his weekly AMAs went silent, and he told a shareholder he "wasn't involved in cero at all... I don't know a thing about it." The man who built the thing is being erased from the story while executives collect awards for it.
Meanwhile the stock sits at $1.01, down more than 90% on the year, after kissing $1.00 twice in a week. Shareholders paid for all of this. Shareholders are the ones holding the dilution.
So here's the question shareholders deserve an answer to: Are these clowns positioning for equity stock awards? For doing what exactly? Halo Profitable is the only way they should get this.
Paragon_73 retweeted
Totally an $OPEN and $SRXH specific problem. 😏
Great time to invest in companies with asymmetric opportunities when things flip.
Paragon_73 retweeted
$SRXH @RyanGosling @mikealfred @ericjackson @saylor
@APompliano @BrianSozzi @YahooFinance If you know you know.
$SRXH
I want to be clear with shareholders.
I recently pushed for a shareholder count and the possibility of calling a meeting. That came from concern there might be internal issues at the board level. After Eric Jackson’s recent comments on X congratulating the team for the hard work on the merger and related execution, I no longer believe that is the right read. I am stepping back from that effort.
The retail count I have compiled is over 15%. I am keeping that record on file. If something material goes wrong later, that count gives holders a documented, serious voice. For now, I am not using it to force a meeting.
CC @ericjackson @SammyDorf @KentCunningham
2/6 Some shareholders have received a response from IR indicating a tentative annual shareholder meeting in November. I also wrote the company requesting a date for an official count and gave a two-week window. They have not replied. That is their right.
On a positive note, they are reaching out to shareholders. There is a Webull seminar scheduled for September 30.
I was too blunt in public comments about compensation and process. That was not helpful. I own that.
3/6 I know many holders are skeptical after the merger-day selloff and what followed. The broader market has been weak. On that session I believe a number of so-called longs sold, other selling hit at the same time, and stop-losses cascaded. Transfer-agent related selling may have added pressure. That is my view, not a fact. Do your own research.
4/6 I came into this name on the thesis and the work ahead. Like many of you, my $SRXH position has been badly damaged. My choice is to keep trusting Eric Jackson and let the team execute. I do not see evidence of the internal board problem I was worried about. This structure is still new. Patience is the job now.
5/6 I am not aware of dilution against that count. There have also been multiple signs consistent with buybacks in recent sessions. Verify it yourself. I am not asking anyone to follow me.
6/6 I am done pushing for a special meeting. If November’s annual meeting is confirmed, that is the proper venue. I will keep watching filings, IR, and execution.
Not financial advice. Do your own research.
Paragon_73 retweeted
With the recent Trump/ Greenland news, just a reminder about $SRXH position in $GRML and the large role rare earth metals will play in the AI power supply. 👀
Paragon_73 retweeted
I have an idea for $SRXH
Hope the management team can listen to my advice.
If management truly believes the stock is significantly undervalued, why not aggressively buy back shares at these levels?
Buy back undervalued shares → reduce the share count → potentially improve per-share value and market confidence → wait for the valuation to recover → raise capital later at a much higher share price.
For example, if $SRXH needs to raise $100M:
At $1/share → 100M new shares
At $2/share → only 50M new shares
Same $100M raised, but with 50% fewer new shares issued.
Instead of raising capital aggressively while the stock is undervalued and heavily diluting existing shareholders, buy back shares when they’re cheap and raise capital when the valuation is stronger.
Of course, a buyback doesn’t guarantee the stock price will rise. But if management believes the current valuation is far below intrinsic value, this could be a much more shareholder-friendly capital allocation strategy.
$SRXH Stockholder of SRX Global Inc.
September 10, 2026
Via Email
SRX Global Inc.
Attn: Board of Directors, Chief Executive Officer, and Corporate Secretary
801 US Highway 1
North Palm Beach, Florida 33408
Investor Relations
KCSA Strategic Communications
Attn: Valter Pinto, Managing Director
[email protected]
Re: Request that SRX Global Inc. promptly notice and hold its 2026 Annual Meeting of Stockholders for the election of directors
Ladies and Gentlemen:
I am a stockholder of SRX Global Inc. (the “Company”). I am writing to request that the Company promptly notice and hold its 2026 annual meeting of stockholders so that all stockholders may vote on the election of directors.
I have consulted Delaware counsel regarding the Company’s obligation under Section 211 of the Delaware General Corporation Law. This letter states my position as a stockholder. It is not a legal opinion and is not a solicitation of proxies.
1. Last annual meeting
The Company’s Form 10-K filed in December 2025 states that the last annual meeting of shareholders was held on December 18, 2024 and that the next annual meeting had not then taken place. Directors were described as elected at the annual meeting to serve for one year or until successors are elected and qualify.
2. The December 2025 written consent did not give every stockholder a vote
On or about December 17, 2025, the Company reported that holders of approximately 45.42% of outstanding voting power approved certain matters by written consent, including the naming of Simon Conway, Michael Young, Joshua A. Epstein, and Sammy Dorf as directors, to terms expiring at the “2026 annual meeting of shareholders.”
A written consent by a portion of the vote is not an annual meeting. Stockholders who did not execute that consent had no opportunity to vote for directors in an open meeting. The Company’s own 8-K language assumes a 2026 annual meeting will occur.
3. Section 228 and Section 211 are different
I do not dispute that DGCL § 228 may permit stockholders to approve certain corporate actions without a meeting. That is not the question.
DGCL § 211(b) requires an annual meeting for the election of directors unless directors are elected by written consent in lieu of an annual meeting as that subsection permits. If the consent is less than unanimous, it may substitute for an annual meeting only if all directorships that could be elected at an annual meeting then held are vacant and are filled by the consent.
The December 2025 consent was not unanimous. The Company’s Form 10-K filed shortly before the consent identified the same four individuals as directors already serving. A non-unanimous consent that names sitting directors does not meet the special conditions in § 211(b) for replacing the annual meeting.
4. The meeting is overdue
Under DGCL § 211(c), if no annual meeting is held, and no qualifying written-consent election occurs, for 13 months after the last annual meeting, any stockholder or director may apply to the Delaware Court of Chancery for an order that a meeting be held. Thirteen months after December 18, 2024 ran in approximately January 2026.
The Delaware Court of Chancery applied this distinction in Wright v. Silver Creek Pharmaceuticals, Inc., C.A. No. 2023-1044-LWW (Del. Ch. Mar. 27, 2024). Sufficient voting power for a § 228 consent does not mean the consent replaces the annual meeting under § 211.
Request
I respectfully request that the Board and management:
(a) confirm in writing the date on which the Company will notice and hold the 2026 annual meeting of stockholders for the election of directors;
(b) provide all stockholders a full opportunity to vote at that meeting; and
(c) respond to this letter within fourteen (14) days of receipt.
If the Company does not promptly notice and hold the meeting, I reserve all rights available to a stockholder under 8 Del. C. § 211(c) and other applicable law, including the right to seek an order from the Court of Chancery.
Counsel I have consulted is in a position to represent a group of stockholders if that becomes necessary.
Please direct the Company’s written response to me by email, using the address from which this letter is sent. Please also place this letter before the full Board of Directors.
Very truly yours,
Stephen L
Stockholder of SRX Global Inc.
cc: Kent Cunningham, Chief Executive Officer
Nina Martinez, Chief Financial Officer
Michael Young, Simon Conway, Joshua A. Epstein, Sammy Dorf, Directors
Eric M. Jackson, President, EMJX Platform and Head of Asset Management
$SRXH
Retail update, then I’ll stay quiet until there’s a real next step.
I’ve spoken with Delaware counsel about the annual-meeting obligation. Last annual meeting was Dec. 18, 2024. In December 2025 the company used a written consent from about 45% of the vote to name directors already on the board. That is not the same as an annual meeting where every stockholder can vote. Under DGCL §211, a non-unanimous consent like that does not automatically replace the meeting. That is the argument under review.
Counsel can represent a group of stockholders if this goes beyond letters.
I have been tallying a meaningful retail block. I am not calling a 10% meeting yet. The company has not shown its hand. No point forcing the wrong process first.
If you hold for the long term and want to be counted later, keep your brokerage statements. Do not send account numbers or logins to anyone on X, including me.
Not legal advice. Not a solicitation. Just the follow-up I said I would post.
@ericjackson @EMJCapital @KentCunningham @SammyDorf
Nina Martinez, CFO
Directors: Michael Young, Simon Conway, Joshua Epstein
Paragon_73 retweeted
$SRXH
DAY 17! Still waiting on Form 4s 👀⌛️
@KentCunningham
@ericjackson
Nina Martinez
Michael Young
@SammyDorf
Simon Conway
Joshua Epstein
Time to show the conviction we all have for months and get this train moving out of the station. LFG 🚂🚂
Paragon_73 retweeted
$OPEN Building wealth isn’t done without conviction. Business execution continues to trend higher and point to long-term success and control of housing. Mortgage rollout last week was huge. SECONDARY SERVICES and the “shopification” model @nejatian is bringing. That’s my bet. LFG
