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Live Updating

Babubd

09/20/23 1:40 PM

Post #7

$5 plus!

Babubd

08/10/23 3:24 PM

Post #6

SGLY is gonna Explode upwards any day now. Not selling till Dollars.

subslover

06/13/23 4:25 PM

Post #5

Oh this baby is running!

Triple nickle Free

06/13/23 4:24 PM

Post #4

Here it goes

willlbone

11/17/22 11:02 AM

Post #3

So UGLY.

samsamsamiam Free

05/05/22 9:10 AM

Post #2

Hindenburg Research - Singularity Future Technology/SGLY

https://hindenburgresearch.com/singularity/

Singularity Future Technology: This Nasdaq-Listed Company’s CEO Is A Fugitive, On The Run For Allegedly Operating A Massive Ponzi Scheme
(NASDAQ:SGLY)
Singularity’s CEO, Yang Jie, is a fugitive on the run from Chinese authorities for running an alleged $300 million Ponzi scheme that lured in over 20,000 victims.
Yang Jie fled to the U.S. while at least 28 other individuals involved in the case were sentenced to prison terms ranging from 6 months to 15 years. Chinese media and our own checks with local authorities confirm that Yang Jie still has an outstanding arrest warrant in China.
After escaping to the U.S., Yang Jie also allegedly forged Chinese state documents in an attempt to prove his innocence. As a result, and according to a police document cited by local media, Chinese police have added forgery to his list of suspected crimes.
In 2016, after evading authorities in China, Yang Jie became the largest shareholder and VP of Finance for a Nasdaq-listed lending company called China Commercial Credit.
One of Yang Jie's relatives, a key Ponzi fundraiser served as director at China Commercial Credit. The company failed after reporting massive losses. A prospective China Commercial Credit partner later accused Yang Jie of colluding with a rogue employee to misappropriate $3.5 million in assets.
Currently, Yang Jie has been “hiding out” in plain sight as CEO of U.S.-based, Nasdaq-listed Singularity.
Until late last year, the company now known as Singularity was a small Chinese-focused logistics company. In November 2021, Yang Jie took over as CEO and the company pivoted into cryptocurrencies.
Singularity had entered into a JV to produce crypto mining equipment in October 2021 and, in January 2022, disclosed a massive $200 million order from a subsidiary of a U.S. listed China-based crypto company called SOS Limited.
In other words, Singularity apparently expects investors to believe that it engineered, designed, tested, began to mass-produce, and sold hundreds of millions worth of crypto miners all within 3 months of its announced business pivot.
Singularity's massive mining rig deal appears to be a brazen undisclosed related party deal. Yang Jie’s wife has served as VP of the SOS subsidiary that made the $200 million order. Yang Jie also controls an entity based at the exact same address as the SOS subsidiary.
Additionally, a Hindenburg investigation last year found that SOS Limited seems to have fabricated key aspects of its own pivot to cryptocurrency. The company’s stock has fallen 90% since our research was released, and SOS recently disclosed an SEC investigation relating to our report.
We see little evidence that Singularity's "proprietary" crypto mining rigs ever existed in the first place. The photos and descriptions of Singularity's miners match precisely with another brand called KOI Miner.
In April 2022, Singularity announced an up to $250 million partnership with a 10 GW+ capacity U.S. power producer called Golden Mainland.
Golden Mainland’s website was registered just 1 day before the Singularity press release, and the entity was incorporated just 6 months earlier. We found no indication that the prospective partner owned any energy assets, much less 10 GW+ worth.
We also found no evidence that Golden Mainland has a headquarters or any employees aside from its founder, who used a Gmail address on the SEC filing detailing the supposed $250 million deal. We believe Golden Mainland is a blatant fabrication.
We think Singularity is an extremely obvious total scam, with little to no actual business operations. Given that CEO Yang Jie helped usher in the implosion of another Nasdaq-listed company (China Commercial Credit), along with a massive Ponzi scheme in China, we expect he will continue until he is stopped.
We have shared our findings with Nasdaq and authorities.

Initial Disclosure: After extensive research, we have taken a short position in shares of Singularity Future Technology, Ltd. (NASDAQ:SGLY). This report represents our opinion, and we encourage every reader to do their own due diligence. Please see our full disclaimer at the bottom of the report.
Read The Full Report Here