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SOS Limited surged 37% in premarket trading

Tiger Newspress2021-04-07

SOS Limited stock surged 37% in Wednesday premarket trading.

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchasedSOS Limited("SOS" or the "Company") (NYSE: SOS) American Depositary Shares ("ADSs" or "shares") between July 22, 2020 and February 25, 2021, inclusive (the "Class Period"). SOS investors have until June 1, 2021 to file a lead plaintiff motion.

On February 26, 2021, Hindenburg Research ("Hindenburg") and Culper Research published reports regarding SOS, alleging that the Company was a "pump and dump" scheme that used fake addresses and doctored photos of crypto miners to create an illusion of success. The reports pointed out that SOS lists a hotel room as the company’s headquarters and questioned whether SOS purchased mining rigs from HY International Group New York Inc. ("HY"), which appeared to be a shell company. They also claimed that FXK Technology Corporation ("FXK"), which SOS announced it would purchase, was actually "an undisclosed related party shell." Moreover, the reports noted that the photographed SOS "miners" weren't the A10 Pros the company claimed to own but were actually Avalon's A1066 miners. Hindenburg went even further and found the original images from SOS's site belonged to a rival RHY.

On this news, the Company’s share price fell $1.27, or 21%, to close at $4.77 per share on February 26, 2021.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论26

  • NanOo
    ·2021-04-08
    Sos be up.. just bought my first option 😞😞
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  • mcwood
    ·2021-04-07
    [得意] 
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  • etf29
    ·2021-04-07
    Confused
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  • Nachstratbe
    ·2021-04-07
    Tp 10?
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  • 琪琪_土豆
    ·2021-04-07
    To the moooooon 🦸‍♀️
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  • AlphaKK
    ·2021-04-07
    It's yoyo time. Up and down, up and down.[鼓掌] 
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  • 2c3154a7
    ·2021-04-07
    Shortist use this news to cover back & long SOS instead 
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  • Oth
    ·2021-04-07
    Weird things are happening, maybe used as a pump and dump
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    收起
    • dandan_4896
      i love u
      2021-04-07
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    • Oth
      What?? O.O
      2021-04-07
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    • doubleZ
      Nothing weird @Oth . Is just normal for stocks that are heavily base with insiders.
      2021-04-08
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  • DOEE
    ·2021-04-07
    我们一切资讯都来源于媒体。他们制造了另外一个世界的假象,而真像是我们所不知道的。看看美国选举看看新闻联播。
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  • BigRobin
    ·2021-04-07
    Like and comment pls thanks 
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  • Hweeee
    ·2021-04-07
    amazing
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  • Zarkness
    ·2021-04-07
    Lawsuit against sos and its share price soar instead of dip. What’s happening?
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    收起
    • Zarkness
      Ya. Then its stock market we Are in. Confirmed
      2021-04-09
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    • Zarkness
      Lol
      2021-04-09
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  • Altas
    ·2021-04-07
    Wow 
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  • nujnay
    ·2021-04-07
    comment pls thanks
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    • jijimo
      Comment back please
      2021-04-07
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    • nujnay
      👍🏻👍🏻👍🏻
      2021-04-07
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    • pkycme
      F
      2021-04-07
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  • Easonlin
    ·2021-04-07
    Don’t how this stock goes 
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  • Kkoh
    ·2021-04-07
    What happen? Any news on the surge?
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  • Jeremyyeojc
    ·2021-04-07
    Apes are here...another gme moment..hold on to your potatoes..
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    收起
    • Nickeando
      Love the apEs [眼眼]
      2021-04-07
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  • Jeremyyeojc
    ·2021-04-07
    Apes are here...hold on to your potatoes...
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  • Jocelynocy
    ·2021-04-07
    Gogo
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  • howlhjustin
    ·2021-04-07
    Let’s goooo
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