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$SOS reported FY21 sales of $358.042 million, versus $50.317 million In FY20.
Whats the dillio? anyone go to wisconsin and see if they are legit?..
"SOS" formerly "XRF" after exiting the Chinese loan sharking business and suddenly becoming an "emergency rescue services business" (Whatever happened to that exciting venture anyways?)
After noticing how hot BTC was Wang and the gang didn't bother wasting time to change the ticker again after suddenly becoming a "bitcoin mining cryptocurrency" company with ZERO evidence of any mining machines in Wisconsin or at the abandoned chicken farm in rural China or anywhere else.
All as the authorized share count keeps skyrocketing with offering after offering after offering with no actual news and nonstop dilution.
9. As a special resolution, to approve and adopt an amendment and restatement of the Company’s Fifth Amendment to the Memorandum and Articles of Association to increase the authorized share capital of the Company
https://www.sec.gov/Archives/edgar/data/1346610/000121390021033344/ea142952ex99-1_soslimited.htm
https://www.sec.gov/Archives/edgar/data/1346610/000121390022017661/ea157918-424b5_soslimited.htm
At least there's a state of the art fire suppression system in the building/barn with kicked in doors sans doorknobs but a brand new sign:
___________________________________________________________________
China Rapid Finance Announces Change of its NYSE Ticker Symbol to "SOS" to Highlight Emergency Rescue Services Business
SHANGHAI, July 10, 2020 /PRNewswire/ -- China Rapid Finance Limited (NYSE: XRF) (the "Company") today announced that the Company's ticker symbol on the New York Stock Exchange will change from "XRF" to "SOS," effective at the start of trading on July 20, 2020.
Mr. Yandai Wang, CEO of the Company, said, "We are excited to be able to align our NYSE ticker symbol with the 'SOS' brand in recognition of our ongoing transition out of the fin-tech business and into the emergency rescue services business. This change will provide for better alignment between the core business operations of the company and its stock symbol which we believe will lead to better investor understanding. It also makes it clearer what the business focus and its primary source of earnings will be going forward."
There is also a proposed change in the Company's name from "China Rapid Finance Limited" to "SOS Limited," which is pending approval at the Company's annual general meeting of shareholders to be held on July 17, 2020. If approved at the meeting, the effective date of the name change shall also be July 20, 2020. In conjunction with the name change, the Company's CUSIP will change from "16953Q204" to "83587W106."
Holders of existing American Depositary Receipts ("ADRs") would be required to surrender their existing ADRs in exchange for new ADRs that reflect the new corporate name and CUSIP and should contact the Company's depositary bank, Citibank, N.A.
About China Rapid Finance Limited
China Rapid Finance Limited (NYSE: XRF) is a holding company operating primarily in the emergency rescue services business. The Company provides a wide range of emergency rescue services to its corporate and individual members in China through its operating subsidiary, SOS Information Technology Co., Ltd. ("SOS"). SOS also provides various types of membership cards to individual members in large corporations as part of employee benefits. Its products include SOS Medical Rescue Card, SOS Auto Rescue Card, SOS Financial Rescue Card, and SOS Life Rescue Card. SOS utilizes cloud and other cutting-edge technologies to provide emergency rescue services in a new fashion, including its app based mobile platform, cloud call centers and large data centers. SOS has contractual service agreements with major banks, insurance companies, internet companies, and telecom providers in China.
https://www.prnewswire.com/news-releases/china-rapid-finance-announces-change-of-its-nyse-ticker-symbol-to-sos-to-highlight-emergency-rescue-services-business-301091455.html
Was this the big PR you were waiting for?
SOS Ltd. Announces Pricing of Approximately $20 Million Registered Direct Offering
https://www.prnewswire.com/news-releases/sos-ltd-announces-pricing-of-approximately-20-million-registered-direct-offering-301514660.html#:~:text=QINGDAO%2C%20China%2C%20March%2031%2C,to%20purchase%20approximately%20%2420%20million
We shall know soon enough. But I think it is as well and time to start $ cost avg. now
Its a good entry price.
Bought 1100 shares at .52 today. I figured if someone's willing to fork out $20 million at .56 I'll buy 1100 at .52 haha.
$SOS communication today another offering before SCAM is delisted.
https://finance.yahoo.com/news/sos-ltd-announces-pricing-approximately-130000349.html
Criminal there has been zero communication to shareholders
And why was this stock at .91 a week or two ago?
And why was this stock at .91 a week or two ago?
Wisconsin up an Running as of today so is the Texas Mining site I'm loaded and just waiting on the PR. How do I know this? Because I actually do my DD unlike shorts who can only say Scam or Fake but can't back it up. By the way did you see the DOJ is now considering Racketeering Charges for The Short Selling Scams we've been dealing with. I hear Leavenworth has a Great Matzo ball.soup.LOL
CHARTS!!!!!!WHERE ARE THE EARNINGS....LMFAO
Hmm. I'm liking the Chart and news from Wisconsin is very close
LOOLLLL Trusting a Chinese company, go figure, lmfao, I can sell u the BROOKLIN BRIDGE..
The addressees are still in China !!! IT SPELLS TROUBLESSSSS AND MORE TROUBLESSSSS
Just lost 10% in 10 minutes. I literally bought the stock sitting at a stop sign for .87-.88 and by the time I got to my destination less than 15 minutes later it had already tanked to .81.ill just stick to hold for a while. GL.
Loaded at premarket. Feels like it's time and we are in a reversal from bottom yet to be confirmed
$SOS for now 261M+ after another R/S, name change, new "business" it's anyone's guess.
Niagara Development who they keep claiming to have a partnership with never even heard of them.
$SOS 79c still laughing? Where'd all the pumpers go?
I warned this was a SCAM and no one listened.
Yes it is times infinity.
It's a bear market overall.
Yes, sellers appear to be losing momentum so the price action could change at any time.
This is definitely one to watch.
I noticed that. This thing is still tanking. Geez
There has been zero activity on this board. What happen?? Everybody must have taken their money back to AMC
Added some today at 1.07. if it goes any lower then it could go to .0001. If not then maybe this is the bottoms. This is a total gamble based on the fact it's fallen almost 90%
Some big players in otc buying. I have not. But it’s interesting
Any reason for the move today?
SOS moving head quarters to US?
CWB
SOS - Wednesday Rundown, Thursday Expectations
waiting for 2 dollars then I might load some more
$SOS: 3.50 to $4 very possible today
Hmmmmmmmmmmmmmmmmmmmmmmmmmmmm...................
ME LIKEY
Only $3 now in PreMarket
GO $SOS
This was the wrong investment for me. All the other stocks popped and this will probably stay here until 2022 if we are lucky. Thanks for the opinions on the other ones. SOS was supposed to launch a coin base equivalent and that why i bet on the company but I was wrong to that IMO and it cost me a pretty penny.
Going to hold for the earnings and I still hope its 300% revenue increase.
I have done well with the new ones to the Crypto mining game. I stumbled on one that I had traded earlier-OLB. Because they JUST got into Crypto mining. Up since they raised the capital to start the mining.
MKTY is interesting with their EcoChain subsidiary.
MARA and RIOT is known by too many people --and therefore is overvalued IMO
SOS needs to put out some news that would show me that they are making some progress on Crypto producgioin.mining.revenue.
GLTU
for some reason it doesn't move. it's been basically in the 2s and 3s most of the year.
this probably won't move till 2022 earnings.
Nice Flag riding the Fib at 2.88 we could break 3 for good here
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