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Amazing optimism and you're right. Digital currency and crypto is the future and it's coming fast. More and more people will follow into the space. Huge potential and many companies buying BTC to.
I agree completely, History in the making!!
Yes BTC will be 100k by years end and COIN will be over 1k agree. I have been in BTC since 2018 and understand the purpose and advantages. Will be huge. This is a buy soon for long hold. Good luck
Insane volume, agree 1000 this is a winner but has to settle for now. GL
Big thanks to u WebSlinger. Watching your price open updates and adjusted to $385, filled me at $381 and out at $415. Appreciate your assistance. Cheers and good luck. Watching rest of day. Cheers
Can't see you getting em there but good luck. Ideally they show the ask few minutes before we open. Someone said 15 min warning, we'll see. COIN
Have order in at $378. You don't think we get filled? Don't want to miss it.
Looks like they went short at $1 cause there is no way we down to 94 cents unless they shorting at or over $1. Was an awesome day to pretty damn bad.lol New 52 week high and smacked. Thought we could hold that dollar but looks like will be tough to get back there. Good luck
I hear u. Here, yes they are on reddit. https://www.reddit.com/r/SOSLimited/
They replied yest buddy. newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210309:nPn1XmQm7a&default-theme=true
Maybe u should look at current news. They are legit and will be one of the biggest players in BTC and crypto mining.
Patience is needed here and once BTC clears 60k all will be good and you and your short buddies will be squashed. Switch sides bro the upside is much bigger. Good luck
SOS Responds to Frequently Asked Questions from its Shareholders
PR Newswire
QINGDAO, China, March 9, 2021
QINGDAO, China, March 9, 2021 /PRNewswire/ -- SOS Limited, a corporation organized under the laws of the Cayman Islands (NYSE: SOS) (the "Company," "we," "us" or "SOS") issued responses to frequently asked shareholder inquiries today. These responses were issued in an effort to facilitate communications with its shareholders and improve investor relations. The questions and answers appear below.
Q: What is the nature of your business?
A: We provide a wide range of data mining and analysis services to our corporate and individual members, including providing marketing data, technology and solutions for insurance companies, emergency rescue services, and insurance product and health care information portal in China. Our mission is to make it easier, safer and more efficient for our clients to obtain and process the data of their target customers.
We primarily address the large unmet demand for marketing-related data for clients such as insurance companies, financial institutions, medical institutions, healthcare providers and other service providers in the emergency rescue services industry by creating a SOS cloud emergency rescue service software as a service (SaaS) platform.
Recently, we have launched our crypto mining business, and aim to start infrastructure services in blockchain security for our big data insurance marketing as well as provide insurance and banking services for digital assets and crypto currencies.
Q: What is your address?
A: Our headquarters were previously located in Shijiazhuang, China at Building B Floor 14, Lehuo Building, No.128 Yuhua West Road, Qiaoxi District, Shijiazhuang, Hebei Province. As previously announced on July 31, 2020, we agreed to relocate our headquarters to the Qingdao Free Trade Zone. The free trade zone offers a number of government-subsidized benefits and privileges to corporate residents. To take immediate advantage of these benefits and privileges, the free trade zone allocates a temporary address to each corporate resident during the construction of the resident's permanent address. Our temporary address was 888 Changbaishan Road, Jiudingfeng Building Suite 8888, Qingdao Area, China (Shandong) Pilot Free Trade Zone, Qingdao China. This is a shared, virtual address used by all new residents. The use of temporary corporate addresses is standard practice in the free trade zone. After completing construction and installing our furnishings, we recently moved into our new headquarters building located at Building 6, East Seaview Park, 298 Haijing Road, Yinzhu Street, West Coast New District, Qingdao, China.
In addition to our headquarters, the Company has a number of different locations throughout China for branch offices and subsidiaries. In particular, our crypto currency mining rigs are located is various, confidential locations. We relocate our mining rigs from time to time in order to take advantage of lower electricity costs. The Company does not disclose the exact address of the mining rigs in order to maintain the security of the rigs and to protect them from our competitors.
Q: How did the company acquire crypto currency mining rigs, in spite of a world-wide shortage of such rigs? Who is HY International?
A: In January 2021, SOS announced that it was expanding its existing secure and insurance business into the protection of crypto currencies and digital assets, which have historically suffered from a high incidence of theft and loss. The Company also saw certain synergies and opportunities to expand its business into crypto currency mining. Through its industry connections, the Company identified an entity in Shenzhen, China that was offering a number of used mining rigs for sale. The Company felt this was a good opportunity to accelerate the Company's expansion into crypto-mining and to build capabilities that would enhance our digital security and insurance businesses.
An important consideration for the seller was to preserve the confidentiality of its identity. In order to do this, the seller established HY International Group New York Inc. ("HY International") as its U.S. affiliate. This U.S. affiliate was the contractual counterparty who sold 15,645 used mining rigs to the Company.
Q: What is the status of these mining rigs?
A: The first batch of 5,000 rigs was received on or about February 9, 2021. The second batch of 5,000 rigs was received on or about February 24, 2021. The third batch of 5,645 rigs is expected to be delivered on or about April 15, 2021, although the actual delivery date is subject to a number of factors which could accelerate or delay their delivery. The Company has already paid for all three batches, with a small holdback that will be paid upon delivery of the third batch. The first batch of mining rigs have been put into operation, and are subject to intermittent down-time for maintenance, adjustment and reconfiguration.
Q: What are the specifications and models of these mining rigs?
A: The mining rigs purchased from HY International were previously used. They are designed to mine Bitcoin and Ethereum. The mining rigs are of various specifications. Some of the rigs include components which are similar to those contained in the HY-Momentum T2T and HY-A10 Pro, although they are not necessarily these particular branded models. You can find a video of some of our mining rigs at http://www.sosyun.com/.
Q: What is the status of the Company's acquisition of FXK?
A: FXK Tech Corporation ("FXK") is a blockchain service provider organized under the laws of British Columbia, Canada. SOS and FXK entered into a non-binding letter of intent on January 18, 2021 for SOS to acquire FXK. As previously announced on January 19, 2021, the letter of intent was non-binding in nature, subject to due diligence, negotiation and execution of a definitive acquisition agreement, SOS board approval and NYSE approval. Since January 18, the Company has been conducting and has now concluded due diligence on FXK. After discussion among the Company's board of directors, SOS has determined for various reasons, not to pursue the transaction with FXK.
Q: Where can I find more information about the Company?
A: The ADRs of the Company are publicly listed on the New York Stock Exchange. As such, we are subject to the information reporting requirements of the United States Securities Exchange Act of 1934, as amended, that are applicable to foreign private issuers. In accordance with these requirements, we file annual reports on Form 20-F, reports of foreign issuers on Form 6-K and other information with the SEC. You may inspect, read (without charge) and copy the reports and other information we file with the SEC at the SEC's Public Reference Room located at 100 F Street, N.E., Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an internet website at www.sec.gov that contains our filed reports and other information that we file electronically with the SEC. We also maintain a corporate website at http://www.sosyun.com/, where you can find further information about us.
Forward-Looking Statements
Certain statements made herein are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include the Company's expected delivery of mining rigs, the anticipated hash power of our mining rigs, our intention to provide blockchain security services and insurance and banking services for digital assets and crypto currencies, and the business plans, objectives, expectations and intentions of the Company. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. SOS may not realize its expectations, and its beliefs may not prove correct. Due to known and unknown risks, our actual results may differ materially from our expectations or projections. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
View original content:http://www.prnewswire.com/news-releases/sos-responds-to-frequently-asked-questions-from-its-shareholders-301243460.html
SOURCE SOS Limited
This is a massive coordinated short attack on SOS. Once they stop this short manipulation it will squeeze hard. Hold tight will be back above $7 quick. This company is legit and will be one of the biggest miners. Once BTC goes back to $58k and continues higher, SOS will be over $10. Guaranteed winner. Gonna need extra patience but will be worth it. GL
LONG SOS
I agree 100%. Elon Musk tweeted about it, Chamath Palihapitiya got involved and 1 of the Winklevoss brothers to. Also, the media blasting it gave it tons of exposure.
It's just crazy GOLD BUFFALO. What a nutty week. Did bring me joy I have to admit lol
Wow that's beyond embarrassing, limiting them to 5 shares of a 60 cent stock. RH is finished
Ya I believe they have not covered. How about the new short positions taken? Little re squeeze. Could tell by the trading that they still have more to go. Unless they're covering 1-10 shares at a time, lol. Volume too low, still a few days before they're finished. Will be a bag fest we know that but for now, it's a good vs bad fight and these young RH boys are not backing down.
When do you think they announce new shares? Has to happen but price has to go way down first or they would have done it already imo.
Have a good weekend
I am pretty sure they can't be borrowed as long as u put a sell order in much higher and leave it. That's how u lock up your shares.
I don't think so, Not enough shares for them to cover yet. Low volume tells us they're a lot of holders. Last hour will be pretty telling. Sideways trading, also no good for flippers. After lunch I see a pop then who knows. GL
I wouldn't touch them either. I'm with TD and RBC. Gotta give those guys credit thou for keeping up the fight. Everyone knows many gonna get fleeced eventually. Craziest thing I've ever seen in the market. GL to u
How they cover with this volume lol. No chance, will take more than a couple days. I'm a bit surprised they can't take it down more. People really pissed after RH burned them yest.
Wrong. GameStop and AMC shares rally Friday as Robinhood allows limited buying
Wow would it ever. Been fun trading it lately. Let's go TLRY
Thanks bud, I'll keep my eye on it. GL
I fully agree, today was the first cycle. New highs tomo. They're not done with it yet. No shares to cover.
That's awesome Scotty, I made 90k on my NIO so all good lol. Been in since $5 in May 2019. Cheers to stellar moves
That means the hedge funds and Nasdaq are coming LOL. Thanks again for being real and honest. People are gonna get hosed good there. Appreciate u and Huggy and Ten Kay. They say if you can help one person than you've done well. Hopefully some followed your guys truths and facts.
No problem check it out. It's pricey but worth it.
Ya this one has issues gaining any kind of momentum. Pumps for a day then they smack it down again.
Yes Aruba is beauty.I stay at the RIU Antillas. There's 2 of them basically connected. I stay at the adults only one. It is much more private and huge beach area that is not packed. The RIU Palace is for families. If you stay at the adults resort you can go to the other for dinners and meals. The casino is also better at the Palace. Guests who stay at the family resort can not visit the other as well. One of the best islands imo. Good luck with your stocks.
Thanks man, I had cleared out before 10am yest. Made 40% plus recovered my losses. Actually it's going to pay for a week all inclusive in Aruba.
Needed serious patience. Good luck
Well thanks a lot boys, held this for over 17 months averaged down to under .02 Only took year and a half to make my money back and turn a decent profit. Good luck to you guys, Hope it can run again.
Looks like Andrew has LEFT the building. The thing most people don't get is he rarely tells when he leaves the party and reverses position. LOL some will find out the hard way. Hard Left!!!
LOL oh damn I better sell. If you think it's going to 30 hold your short. You're about to get crushed. Hope u have a big roll lol
He is a bit crazy. Not sure why he picked the most resilient stock in the market to short.
Chinese investors and others not gonna let it go much lower. Tomo earnings will be good. NIO over $50 tomo. Better close or you'll only be eating rice for awhile.
My mistake and I have no problem admitting it.
Trump could be referring to another strategy that’s used by real estate developers. The tax code allows qualified real estate professionals — like Trump — to deduct "huge amounts of depreciation," he says.
"With a guy like Trump, involved in real estate, he could have millions of write-offs," Bezozi says. "It's not atypical for someone like that."
All you need is the best accountants I guess.
That is bullshit. NO ONE EVER PRE PAYS TAXES. Go look it up. Regurgitation without doing 2 minutes of research lol
100% The country is already screwed. Politics is now about getting back at the other side. The divide will continue and probably get worse. It is hilarious. They will find out in the near future that there god like figure pulled the greatest con in the history of the world lol
Nope I am holding now just like most who got sucked in this am.
Unbelievable pretty much everyone who bought today is down substantially. Wow terrible pump and dump.
He's def not a fan of shorters. At least he didn't say the stock was to pricey lol. Hopefully like someone else said he gave us the bad now and tomo the goods.
Had the same question myself. Kinda unbelievable. Tomo pre market will be the real tell but not sure what he was thinking or what he smoked lol
How could he be so stupid to say what he did. Totally screwed holders. Tanked almost immediately after he said batteries won't be mass produced till 2022. Brutal timing and terrible decision to announce that now. Very disappointed in him.
WRONG COMPANY BRO LMAO.