$SOS was recently attacked by short sellers
Diupdate
SOS Limited (NYSE:SOS) stock is up 40% today with 2 specific catalyst:
1. Hindenburg Research said that they are short
SOS, they believe to be an obvious China-based shell game reanimating the corpse of a former China based company that earlier imploded 90% from its highs.
They think SOS is a $0 and has significant regulatory risk.
2 . All Shares and Warrants in the recent Direct Offering forSOS cannot be exercised until SOS is trading above 30$ for 10 straight days. Institutional Investors believe SOS hits at least $30, otherwise they would not have agreed to the purchase agreement. Very Bullish.
SOS will be the biggest cryotomining stock in the world when all rigs are installed.
1. Hindenburg Research said that they are short
SOS, they believe to be an obvious China-based shell game reanimating the corpse of a former China based company that earlier imploded 90% from its highs.They think SOS is a $0 and has significant regulatory risk.
2 . All Shares and Warrants in the recent Direct Offering for
SOS cannot be exercised until SOS is trading above 30$ for 10 straight days. Institutional Investors believe SOS hits at least $30, otherwise they would not have agreed to the purchase agreement. Very Bullish.SOS will be the biggest cryotomining stock in the world when all rigs are installed.Catatan
SOS Limited Responds to Misleading "Short and Distort" AllegationsSOS") was recently attacked by short sellers with distorted, misleading, and unsubstantiated claims regarding the Company. The Company also believes certain social media accounts of some Company board members may have been impersonated or disabled for short periods of time. The Company believes these attacks were purposefully designed to manipulate the price of the Company's shares, with the aim of causing a stock price decline in order to economically benefit the short sellers, to the detriment of the Company's public shareholders.
SOS stands behind the integrity of the Company and remains committed to maintaining transparency and the highest ethical principles. SOS reserves all rights that it may have against these short sellers and will defend itself vigorously against those behind these attacks and misleading allegations.
finance.yahoo.com/news/sos-limited-responds-misleading-short-130000831.html
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