You can find this analysis in pdf file here: https://www.dropbox.com/s/p2vndwo7vk30quy/sos%20analysis%202021%20march.pdf?dl=0
SOS analysis 13th of March 2021
This is an analysis that intends to inform every single retail investor for important facts and data regarding SOS Limited stock. All this information based on doxing I have made regarding the company SOS Limited and all effective factors so far involved in the price move of its stock. I hope that summarizes many other information published in reddit and stocktwits last 1 month or so. In order to make it easier for all to verify the information laid here, I will refer also every single link that gives the proof of evidence. This is not a consultation for trading, it is a report from a retail investor who reads and searches very well the company he invested in so to be sure for the potential expected in the upcoming period.
SOS Limited activities
Although SOS Limited has been connected strongly with BTC, the company has a plenty of different activities:
· 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.
You can find this information here:
https://service.sosyun.com/sos_en/news_list_210309.html
MINING CRYPTO ACTIVITY
The most interesting for retail investor activity. SOS Limited achieved to buy 15,465 mining machines from a company which did not want to uncover identity. The buy of these rigs is already payed despite a small amount left just before arrival of the 3rd batch. This, because mining machines are in great luck last 6 months and some producers have signed exclusive sales to some bitcoin mining companies. All these machines are used already and seems to be the fastest solution to start mining cryptocoins.
From the total 15,465 rigs, the first batch of 5,000 rigs arrived on 9th of February and are already online mining. The second batch of 5,000 rigs arrived on 24th of February and are still under installation to work next few days. The third batch of 5,465 rigs will arrive on or about 15th of April 2021 and are going to be functional in early May.
It is vital to understand that SOS Limited is mining BOTH BTC and ETH, which is very good because ETH has a greater potential than even BTC according to crypto experts. First batch of miners are mining BTC, the second batch will be online for BTC and ETH mining and the 3rd batch is upon decision of the company what to do.
CURRENT RIGS AND FUTURE ACQUITION OF MINING RIGS
What kind of rigs has SOS Limited bought? According to the company in PR given here https://service.sosyun.com/sos_en/news_list_210309.html they bought Momentum T2T and A10 Pro models. Which models are these and which their specifications?
As we do not know exactly the number of each model in the lot bought, I have made a reverse calculation to check how many miners (dividing total Hashrate of each cryptocoin with each type rig’s Hashrate) have been in the published mining ability by SOS Limited:
BTC:541 Petahash/37 Terahash = 541000 Th/37 Th= 14,621 mining rigs
ETH:1082 Gigahash/500 Megahash = 1082000 Mh/500 Mh =2,164 mining rigs
If we add the numbers of BTC and ETH rigs, we have a total of 14621+2164= 16785
And the vital question is: Where are the rest of 16785-15465= 1320 rigs?
The answer is possibly in the specific comment of SOS Limited right here: “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.”
That means, SOS Limited bought a lot of used machines, which have characteristics same or similar to these models and are going to give a TOTAL HASHRATE POWER of 541P for BTC and 1082G for ETH mining. Because this is the important thing: The acquired Hashrate of the lot of rigs and not the models. Why? Because they are used and maybe there are changes in the components like all we do in our personal computers; imagine that we are talking for machines working 24/365 which may had damages and needed the replacement of parts. This is not a fraud statement made by SOS Limited but a realistic view of an investor for a lot of used machines SOS bought because they could not find stock of BRAND NEW mining rigs in 2021.
We expect SOS Limited to announce cryptocoins mined and then we will see in practice if the announced ability of 541P for BTC and 1082G for ETH is real or not. But this can happen only after the installation of the last (3rd) batch which will arrive on 15th of April and will get functional early May 2021.
Will SOS Limited stop buying miners in 2021? I think will NOT (my opinion). There is a lack of miners because of the outstanding need globally but they will surely seek for new or used rigs as they have Chinese to negotiate and it is easier to make it happen (1) and also plenty of cash to give for these buys (2) which will be analyzed later in this report. Around 300 million of $ in cash today and they already payed 20 million $ for these 15,465 rigs (“The Company has already paid for all three batches, with a small holdback that will be paid upon delivery of the third batch.”).
On my opinion, I think that they can raise the number of their rigs to 100k as they do have the ABILITY to achieve it.
I do not expect SOS Limited to announce the search they do for mining rigs because all mining companies do their best to find machines. I believe that from time to time they will announce future purchases after they have sealed the deals only and possibly without publishing the identity of the sellers (for reasons I mentioned previously).
With these 15,465 rigs mining activity is going to be according to SOS Limited:
1st batch: 175P for BTC
2nd batch: 175P for BTC and 350G for ETH
3rd batch: 177P for BTC and 706G for ETH
According to precise mining profit calculators, giving the ability of 527P for BTC and 1056G for ETH giving:
BTC: 1.91 BTC/day, 58.10 BTC/month, 697 BTC/year, which equals with BTC price of 55,000$ => 697*55,000$= 20.77 million$ profit per year
ETH: 64.43 ETH/day, 1,933 ETH/month, 23,520 ETH/year, which equals with ETH price of 1,774$ => 40.96 million$ profit per year
BTC mining calculator: https://www.buybitcoinworldwide.com/mining/calculator/
ETH mining calculator : https://www.cryptocompare.com/mining/calculator/eth?HashingPower=1082&HashingUnit=GH%2Fs&PowerConsumption=1&CostPerkWh=&MiningPoolFee=1
TOTAL PROFIT FOR 2021 CRYPTO MINING
Assumptions for the calculation
1) BTC price for calculations = 55,000$ and ETH price for calculations = 1,773$
2) Total Hashrates for BTC and ETH were divided by the total number of rigs to have the average Hashrate of each rig. For BTC 527P/14238rigs and for ETH 1056G/1408rigs. This average hashrate was imported in calculations for every batch of rigs.
3) Energy consumption costs calculated having an average of 3100W for each BTC rig (consumption of T2-T model) and 1350W for each ETH rig (consumption of A-10 Pro+ model).
4) I have picked the later dates to get online 2nd batch and 3rd batch of rigs, expected dates I mention are upon the period needed for 1st batch to get online (14 days-9th Feb to 23rd Feb).
Calculation of Energy Cost for Mining
Energy for the mining activity is with Hydropower company Leibodong in Definite Agreement (renewable energy, environmentally friendly) with a cost between 0.22-0.38 RMB/Kwh. An average cost is 0.3RMB which is equal to 0.0461$/Kwh. This cost for energy gives to the mining activity, a total energy cost/year for BTC mining (estimated 14,621 rigs of 3.1KW) of 18.05 million$ and ETH mining (estimated 2,164 rigs of 0.95KW) of 0.83 million $.
Total profit of mining BTC and ETH (if crypto prices do NOT raise at all) will be yearly (ONLY having these 15,465 rigs installed) around 64,47 million$.
Break even point for BTC mining and ETH mining (the price of crypto where company has no profit and the cost of energy is equal to the value of mined crypto) is for BTC 25,223$ and for ETH 35$. Below these prices company has damage and above these prices SOS Limited has profit from mining.
PRICE OF SOS LIMITED AND ATTACKS IN RECENT PERIOD
Most of the retail investors are very unhappy with the price of the stock SOS Limited has. Since the peak of 17th of February 2021 (12.8$) the stock has declined with a minimum price of 4.77$ on 26th of February 2021. Let’s see the reasons analyzed and understand where we are and where we can go.
SOS Limited has made several Registered Direct Offerings for a huge amount of money in a very short period, guided of the peak of the stock even in 15.86$. Every company with common sense chooses a very good momentum for the price of stock to make offerings because in this specific period the shares will be absorbed more easily by the market. You can not avoid a small decrease of the price but usually, after a Direct Offering, stock flies high as it becomes stronger by increasing its market cap with new money from investors. Let’s see the list of Direct Offerings and Warrants’ Exercise made:
Direct Offerings and Warrants’ Exercise
SOS Limited got tons of cash in 2021. In 41 days (from 8th of January to 25th of February) SOS Limited got in total 317.7 million $:
8th of January 2021: 25 million $ in Registered Direct Offering https://service.sosyun.com/sos_en/news_list_210108.html
12th of February 2021: 110 million $ Registered Direct Offering
https://service.sosyun.com/sos_en/news_list_210212.html
18th of February 2021: 86 million $ Registered Direct Offering
https://service.sosyun.com/sos_en/news_list_210218.html
25th of February 2021: 96.7 million $ Exercise of Warrants
https://service.sosyun.com/sos_en/news_list_210225.html
CASH OF SOS LIMITED
This amount of cash is great for the size of SOS Limited and its market cap it has. Almost 40% of its current market cap is money in cash. Huge offerings in a short period of time produced a great cash ability for the company. Cash is a tool for several things: To buy more miners during 2021 (a), to establish earlier Crypto-Insurance Service and Crypto-bank, the first of its kind in planet (investment in new services-expansion of current services) (b) and to buy back shares in order to fight Short Funds (c).
For all the above reasons CASH is a MUST HAVE parameter. Without them, no development for the company. I have to add that SOS Limited has ZERO DEBT so it is not chased by Bank Institutions for loan payments. For every single retail investor, this “Zero Debt” feeling is very well known, how great it is.
HINDENBURG AND CULPER REPORTS
I will offer you a wide analysis for Hidenburg and Culper companies just because it does worth the reading for every single retail investor to see WHO said WHAT for SOS Limited and caused a great damage in stock’s price.
These 2 “companies” (I will explain the reason I put them into brackets) came in a very sensitive moment for SOS: BTC has made a correction from 57,425$ on 21st of February 2021 to 48,149$ on 25th of February giving a great decrease in the price of the stock. Additionally, on 25th February, SOS Limited had scheduled Exerrcise of Warrants with a value of 96.7 million$ (which was known to the owners of the Warrants => so Institutional Investors only). The stock was in the most sensitive (and lower) point just before starts to cover the height to a new All Time High price.
The day after, the “Reporting companies” came with plenty of Tweets in Twitter and PR to all the biggest websites for stock news (Yahoo, Prnewswire etc)…
PS: No big website ever searched Who is Hidenburg and Culper. They published without comment the PR. Have they been payed for this? Who payed them? It is important to know who promoted this Bad News Attack which is far away of “A bad tweet from a stock activist”…
HINDENBURG RESEARCH
On 26th of February 2021, Hindenburg Research made via their Twitter account attack to SOS Limited accusing the company as a Scam Company, with no rig farms, no HQ, no existence, having a PT of 0$.
They claimed that they sent a Chinese to HQ address and found nothing, the websites of possible partners/suppliers of SOS are fake and stolen from others etc etc. Many responses from retail investors have proven the false points in Hindenburg report. But before this, we have to see some important things:
This was the initial statement of Hindenburg: “We are short $SOS”. It is a statement that has to do with a way to avoid some legal actions: When you state that you DO have a conflict of interest, then you have the motivation stated why your optical view is to PROVE that company is a SCAM. So, you are excused to use every single point in your report, to prove and if you are false, it was the optical view you had (I have put money in so my interpretation of data was emotional. In case of Hindenburg, they are not neutral, like so many analysts post “at the time of this post, Mr. X does not have any interest in this stock”.
The second point is the “legal disclaimer” they have, on their website, where they have NOT yet published the report for SOS (it is still in Twitter account as tweets…):
“However, all information contained herein is provided “as is” and Hindenburg Research, LLC (“Hindenburg”) expressly disclaims making any express or implied warranties with respect to the fitness of the information contained herein for any particular usage, its merchantability or its application or purpose.”
“In no event shall Hindenburg be responsible or liable for the correctness of any such material or for any damage or lost opportunities resulting from use of this data.”
“You should assume that as of the publication date of any report, post or communication referencing any publicly traded security, Hindenburg (possibly along with or through our members, partners, affiliates, employees, clients, investors, industry contacts and/or consultants) may have a position in the stock covered herein, and therefore stands to realize significant gains in the event that the price of stock moves.”
As you see, Hindenburg, does not guarantee that reports are ACCURATE and TRUE but puts a Legal Disclaimer because they know very well that many things of their reports are proved as FALSE in hours/days after publication. And they are used to NEVER express apologies for these FALSE statements.
Before going to “investigate” (very common verb used by Law Firms) the report, we have previously to check WHO is Hindenburg Research and what history and web say about them. We care of WHO said WHAT, we do not stay only in Reports.
Hindenburg Research is a website. As you can see in the link https://hindenburgresearch.com/ they do not have physical address, no phone number, no names of team. Just a contact form and an email. The only name mentioned in their website is the Founder “Nate Anderson” CFA, CAIA. I searched for this person and found that “Nate Anderson” is “Nathan Anderson” (why they have given nickname of “Nate” instead of formal “Nathan”?). According to his profile in LinkedIn, Nathan Anderson CFA, CAIA has as in Contact Info as company website, NOT the Hindenburg Research website BUT Clarity Springs website.
Which is Clarity Spring?
I visited the website https://www.clarityspring.com and there is NO website. It is a dead link.
So, I decided to search further. In order to understand where Nathan works. And I found this:
https://startup-map.berlin/companies/clarityspring
Clarity Spring started on 2015 to work, having founders 2 men, Dmitriy Yermolayev and Jeff Katz. NOT Nathan.
I could not be happy and I searched further to find more information for this Clarity Springs company. And I visited Bloomberg https://www.bloomberg.com/profile/company/1390771D:US where I found more information:
So, Clarity Spring has been a BROKER company specializing in “buying and selling securities such as stocks etc”. Fine. There is also the physical address in NY and a phone number for this company (finally a regular contact information for the company). What made me unhappy was the number of employees: ZERO. And this triggered me further to search even deeper….
So I went to the next stop of my journey:
https://pitchbook.com/profiles/company/83191-78#overview
And this “Out of Business” made me think that I should continue searching this to cross-check the TRUTH:
https://www.crunchbase.com/organization/clarityspring-inc
We have to STOP here and check some things:
a) Nathan Anderson seems to be among the other 2 founders of Clarity Spring.
b) The company has the same phone number/address we found earlier in Bloomberg
c) The “out of business” status in pitchbook is evaluated here by giving Operating Status “Closed” and also Closed Date “Dec 2018”.
So Nathan Anderson is NOT any more in Clarity Springs but does not give any contact detail of Hindenburg Research (physical address, phone number) where he is a “proud” Founder.
Nathan Anderson profile in LinkedIn is valuable for research. At first, I found a second person working there:
I do not know how many people Hindenburg has to hire “Director of Human Resources” but I am very curious to see a number of 30+ there…. I have to mention also that Nathan Anderson has targeted long ago the crypto sector. The proof is laid in his profile of course. 4 years before liked (very much) a post of Ari Paul (CIO of BlockTower Capital) having this inside:
Everyone who speaks English understands what the author wants to say…. There is no need for comments. BUT, all these made me search even deeper for Hindenburg Research till I find more information. And I visited opencorporates website where I found this:
https://opencorporates.com/companies/us_ny/5471661
So finally, I have an address (different from Clarity Spring’s) and an incorporation of 9th of January 2019. I then checked in NYS Department of State/Division of Corporations/Entity Information and found this link:
As soon as I found incorporation date of 9th of January 2019, I realized that I have seen reports with EARLIER DATE than this in the website of Hindenburg Research:
So, if Hindenburg has been incorporated in January 2019 (according to the OFFICIAL DOCUMENTS OF NYS), who has issued these reports BEFORE January 2019? They have signed these reports as “Hindenburg Research” despite they did NOT exist (so issued by a ghost-company).
You should read the Disclosure they have in all of their reports. You can read below “report” for MARATHON of 2017:
Disclosure: I am/we are short MARA, RIOT, COOL.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Use of Hindenburg Research’s research is at your own risk. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. You should assume that as of the publication date of any short-biased report or letter, Hindenburg Research (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a short position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein declines. Following publication of any report or letter, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. However, such information is presented “as is,” without warranty of any kind – whether express or implied. Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein. Hindenburg Research and the terms, logos and marks included on this report are proprietary materials. Copyright in the pages and in the screens of this report, and in the information and material therein, is proprietary material owned by Hindenburg Research unless otherwise indicated. Unless otherwise noted, all information provided in this report is subject to copyright and trademark laws. Logos and marks contained in links to third party sites belong to their respective owners. All users may not reproduce, modify, copy, alter in any way, distribute, sell, resell, transmit, transfer, license, assign or publish such information.
Reading the above disclosure, you can easily understand that these guys have tried to protect themselves (as much as they can) of being suited by stock companies and investors. They admit that there is guarantee for the accuracy of this report and that if you use the report, they are not responsible for the results that will come up.
In case someone chase them, do you believe that they will search for monay to cover law firm’s expenses? They are acting -obviously- in close partnership with Short Funds which give them the money (plenty of money) to act and I suppose on my personal opinion that they have signed a full legal coverage in case of “accident”. When they attack a company and decrease 20-30-40-50% its price, they have gained so much money that a legal fight for them means the expenses for fill up the tank of our car (for regular retail investors).
CULPER RESEARCH
We are talking for a TOTAL GHOST website. No founder, no personnel. Just a website with first page a BIG and well defensive “Disclaimer” and Reports. Reports made without signature, with no liability. The funny thing is that the name of “Culper” is also “stolen” by the “Culper Spy Ring”, also called “Culper Ring”, an American intelligence organization that was put together and managed by Maj. Benjamin Tallmadge for the Continental Army during the American Revolution.
https://www.britannica.com/topic/Culper-Spy-Ring
These guys are ghosts because they do not have the guts to be in the light. CLSK tried to chase them on January 2021 and I think that they still try to find out who is behind these. A good consultation is to “follow the money” and check WHO shorted hard just before issuing this report for them… this is the edge of the rope that will guide them outside of labyrinth Culper has built with anonymous website. No physical address, no phone number, not even an email address; just a contact form:
At the same time, the “Reports” of this GHOST WEBSITE can trigger (I will explain later how) many Law Firms to “investigate” the victims of their “Reports” and NONE lawyer in the past has searched WHO is Culper and uncover him. I think this is an “investigation” and not “please send us information of how many stocks you had, what price bought them and what price you sold them with loss, we are in lack of data”…
So, for Culper Research until I have more information about these GHOSTS, I say keep that they short stocks BEFORE issuing the reports and this is a 1st-page statement in their website:
You should assume that Culper (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a position in any securities covered herein. Following publication of any research, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions.
I have to remind you that they are NOT journalists, not reporters. They are short sellers or/and partners to Short Funds who only gain money by shooting against stocks. So they are brokers who say what they say in order to have profit and they cover themselves behind anonymous reports and legal disclaimer for uncertainty of data.
Such statements, estimates, projections and opinions may prove to be substantially inaccurate and are inherently subject to significant risks and uncertainties beyond Culper's control.
Disclaimer available at https://culperresearch.com/ to evaluate the above phrases….
LAW FIRMS THAT FOLLOWED HINDENBURG AND CULPER “REPORTS” AGAINST SOS
So far (13th of March 2021), these law firms have published in all big stock news websites (yahoo finance, newswire, business wire), alerts for “investigation” against SOS based on Hindenburg and Culper “Reports”:
1) Hagens Berman
2) Pomerantz
3) Levi & Korsinsky
4) Bragal Eagel & Squire
5) Kehoe
6) Howard G. Smith
7) Frank Cruz
8) Glancy Prongay & Murray
Yesterday, Hindenburg Research attacked Lordstown ($RIDE) stock with a report and automatically, some law firms published again alerts in big stock news websites. Some of them are:
1) Frank Cruz
2) Hagens Berman and others….
Common thing in every single such publication is the HUGE COST, as you can easily understand… websites do NOT publish for free anything…. Who pays for this cost? Law Firms or someone else (just asking)?
All these “Alerts” have in common the same philosophy in their texts:
Do you see the word “POSSIBLE” and “POTENTIAL” before “Law violations”???
All law firms ask from investors to contact them. In order to give “information” regarding the “investigation” of “possible violations”? NO.
They seek the authorization of investor to fill an action against SOS Limited to recover damages and get up to one third of this money. So they ask you to authorize them to demand your loss and then you get only 67% of what the court decided (if you prove it) because 1/3 goes to the Law Firm. Do not you believe it? Check below:
SOME GENERAL INFORMATION REGARDING LEGAL ACTIONS FOR STOCKS
A very nice reference to check is this: https://www.secwhistlebloweradvocate.com/sec-whistleblower-frequently-asked-questions/
SEC receives 20,000 cases and conducts about 2,000 investigations. And if there is no strong evidence to proceed, SEC will not choose to investigate at all. Understand?
Check another thing now regarding the violation of Securities Exchange Act of 1934:
Maximum fine of $5 million for making false statements.
Search in websites for legal actions against public companies and gaining of losses.
Despite some testimonials (some $billion cases) against Pharmaceutical, Big Tobacco and Automotive companies (for deaths, accidents, health damage in general) I could not find WINS that prove the effectiveness of these law firms. Maybe (it is possible) to avoid publish these “small” cases in their websites. But on the other hand, if they are Law Firms for BIG FISH then why do they involve with penny stocks and their investors?
Anyway, I decided not to go further for Law Firms as they have a Constitutional Role for the Defence of the Rights of every citizen, in his and theirs view for Justice. And everyone is responsible for the legal actions he starts until the end of the case in a court or in a negotiation without court.
PENDING EVENTS IN NEAR FUTURE-TIMELINE
15th-31st of March: 5,000 rigs of 2nd batch to work mining BTC and ETH
1st-15th of April: 5,465 rigs of 3rd batch to arrive for installation
30th of April: Annual Earnings' Report for 2020\*
1st-15th of May: 5,465 rigs of 3rd batch to work mining BTC and ETH
15th of May to 15th of June: Q1 2021 Earnings Release
*Outstanding Revenue Growth Expected for Full Year 2020
Based on information available as of today, full year 2020 revenue is expected to be approximately $49.5 million, representing growth of 451% compared to that of 2019. The revenue's robust growth is primarily due to the effective execution of the Company's business transformation strategy, which enabled us to cease our legacy peer-to-peer lending business and focus on providing 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. The gross margin is expected to be approximately 9%, up from 5% last year. US GAAP net profit gain is expected to be approximately $3.1 million. https://www.prnewswire.com/news-releases/sos-ltd-announces-estimated-fiscal-year-2020-financial-results-301196617.html
As calculated before, crypto mining activity in 2021 will offer an approximate total of $80 million to the revenue of the company (add mining/year of BTC and ETH), only with these 15,465 mining rigs. If SOS Limited buys more rigs, the added amount for revenue (and accordingly the added profit) will be outstanding.
ENDING COMMENT
I did not write this analysis in order to guide you to buy, hold or sell this stock. Feeling in the center of a spam attack, as an owner of shares in SOS Limited, I thought that is better to gather some interesting things which happened the last weeks. These last weeks when new people expressed interest for SOS Limited and were not here when some things happened.
I did not get into the details of “Reports” by Hindenburg and Culper not because I wanted to avoid issuing the false points mentioned in them; already simple retail investors have published point to point some posts, making these “Reports” totally inaccurate. A very solid answer to the “Reports” of Hindenburg and Culper was the Scorpion VC report with the title “SOS LTD -A potential stock company that has been maliciously shorted” (http://www.scorpio.vc/pdf/210303/c02406db-fa23-4943-9c7f-445b041f4728.pdf) having a very interesting paragraph for Future Prospects:
Scorpion VC prediction for SOS future
SOS also is the only (as far as I can know) mining company which published videos of its mining rigs https://service.sosyun.com/sos_cn/sosVideo.html
PRICE TARGET OS SOS
Scorpions VC made their analysis (check the link above) and gave a Price Target of 40$. According their increase in revenue in all other activities (cloud services, insurance and hosting for data of companies) plus the development of serious crypto mining activity, the share is going to explode and reach the price of other crypto miners such as MARA and RIOT. If we consider that SOS Limited will be able to offer the 1st Crypto Bank and Crypto Insurance in the planet, maybe the PT of 40$ seems too moderate. Future will show us the truth.
All calculations of averages, costs, profits, gains and other results are explained, so to be evaluated, verified, cross-checked by anyone. All results are approximate, with the greater possible accuracy a retail investor could have in his calculations, based on data which are online.
GOOD LUCK TO ALL IN EVERY SINGLE STOCK YOU INVEST. DO YOUR DD AND DECIDE.
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