Home  »  Market Insights   »  SOS stock declines in the pre-market session. Let...

SOS stock declines in the pre-market session. Let’s find out why?

SOS Ltd. (SOS) stock plunged by 3.97% at the last trading close while the SOS stock continued to decline by 5.75% in the pre-market trading. SOS is a new blockchain-based and big data-driven marketing and solution provider in China. SOS has a membership base of about 20 million people. SOS has recently begun to prepare for the launch of its cryptocurrency mining business, as well as developing protection and security monitoring systems for digital assets and cryptocurrencies.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


What is happening?

The critical June 1, 2021 lead plaintiff deadline is being reminded by Rosen Law Firm, a major investor rights law firm, to purchasers of SOS Limited shares between July 22, 2020 and February 25, 2021, inclusive (the “Class Period”). If anyone bought SOS shares during the Class Period, they might be eligible for payments under a contingency premium plan, which means they won’t have to incur any out-of-pocket fees or charges.

Insight of the lawsuit

According to the case, defendants made false and/or misleading claims and/or refused to reveal facts during the Class Period, resulting in a scheme that:

  • In its SEC filings, SOS misquoted the true identity, location, and/or presence of at least one of its principal executive offices.
  • SOS fabricated HY International Group New York Inc. and FXK Technology Corporation, which were either unidentified associated parties or companies.
  • SOS had misrepresented the kind of mining rigs it claimed to have acquired, as well as their presence.
  • As a consequence, defendants’ official statements at all applicable times is materially inaccurate and deceptive. Investors were allegedly harmed until the real facts were revealed, according to the complaint.

How Rosen Law Firm works?

The firm advises clients to hire experienced legal advisors with a proven record of performance in senior positions. Firms who issue notifications often lack equivalent expertise or capital. The Rosen Law Firm is a global plaintiff representation firm that specializes in equity class actions and shareholder derivative cases. Also, the Rosen Law Firm has won the biggest equity class action case ever against a Chinese company.

Leave a Comment

Your email address will not be published. Required fields are marked *

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts

Biotech Stocks to Buy for Sep-2021

Biotechnology (biotech) refers to the use of microbes and cellular biology in health-related research and development. It is not just therapies that biotechnology companies develop.

635

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam