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Investigation announced for Investors in shares of SOS Limited (NYSE: SOS)

03-18-2021 03:39 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in SOS Limited (NYSE: SOS) shares over potential securities laws violations by SOS Limited.

An investigation for investors in SOS Limited (NYSE: SOS) shares over potential securities laws violations by SOS Limited.

An investigation was announced concerning possible violations of securities laws by SOS Limited in connection with certain financial statements.

Investors who purchased shares of SOS Limited (NYSE: SOS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by SOS Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based SOS Limited, a technology company, provides marketing data, technology, and solutions for emergency rescue services to corporate and individual members.

On February 26, 2021, Hindenburg Research and Culper Research published reports regarding SOS Limited, 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 Limited lists a hotel room as the company's headquarters and that SOS Limited purportedly bought mining rigs from a fake shell company. 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.

Shares of SOS Limited (NYSE: SOS) declined from $15.88 per share on February 17, 2021, to as low as $4.21 per share on February 26, 2021.

Those who purchased shares of SOS Limited (NYSE: SOS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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