Thank you for the feedback but I believe you misunderstand how the liquidation preference works. There is no hard cap nor treasury intervention on SURGE.
SURGE has a liquidation preference of $1. In the open market, any price is possible as determined by the market itself
If someone sells SURGE for less than $1, they are selling it below the liquidation preference (floor value) of $1. This represents them selling it at a discount to the market. If someone wants to buy a lottery ticket for $1 at a gas station and sell it for $0.72 outside the gas station to someone else; does that mean lottery tickets don't cost $1?
I would dive into the docs more to understand market pricing. It will always be magnetized to $1 as some will understand the liquidation preference and others will not.
The presale of SURGE sold out just ~10 days ago. The price at the end of the presale was ~$0.55 because of the declining HIVE price (which SURGE's presale was priced in).
The average purchaser of SURGE bought at ~$0.72. The price of SURGE in the presale was 4 HIVE
So in USD terms, the average SURGE buyer has lost 0% (slight 11% gain, actually). In HIVE terms, SURGE is trading for ~5.50 HIVE which represents a 37.50% gain in just 10 days.
SURGE is performing exactly as expected. Perhaps taking longer to magnetize to the peg than many would hope but that is far from saying that its broken. The market is just exiting presale buyers who are happy with an 11% - 37.50% gain. As the peg is regained, people will look back at $0.72 post-sale SURGE and wish they bought more.
You MORON! Following your analogy. Lottery tickets are valued at ZERO dollar. Always.