FingerMotion Inc (FNGR) News

"If it turns out that people are illegally short selling the stocks, the "perpetrators need to be criminally prosecuted," - Truth Social Spokesman (June 16th)

This fight is about stock settlement.
How many shares did the company issue?
How many shares did brokers allow to be… https://t.co/9H9QoyNjsv pic.twitter.com/FB6OnAQir5— kristen shaughnessy (@kshaughnessy2) June 17, 2024

$FNGR

Look at this headline!

"South Korea Threatens Life in Prison for Illegal Short Selling"

Also illegal short selling ban expected to continue until at least March 2025

"The government will increase financial penalties and jail terms up to life imprisonment for illicit… pic.twitter.com/vDghDuXb8R— kristen shaughnessy (@kshaughnessy2) June 13, 2024

How about it, USA?

$FNGR

Coming dividend/Warrant, exercisable at $7
Trading below $3.
Contract with a major mobile manufacturer, yet tba.
$100+ million is the rumor.
Univest waits in the wings; wants/needs those warrants (before they pounce, imo)
A MASSIVELY shorted ticker that’s forced multiple,…— 🦉🐝 (@ItsStillMeAlby) June 8, 2024

$FNGR

Trouble at Lind Partners? Their website is down and no one is answering their phones? @FingerMotionInc long ago paid off Lind's toxic note.
Now what happens to the reported hundreds of millions of counterfeit shares in $FNGR? @HAMShortkiller @WilliamPFarran1 @BasileEsq https://t.co/GzKxg4q8kH— kristen shaughnessy (@kshaughnessy2) June 8, 2024

$FNGR

$FNGR Lower the special dividend Strike Price and since its will trade THE SHORTS will have to cover
10% of 230,000,000 short or 23M more of a PAPER THIN special dividend When it starts trading pic.twitter.com/USwKsI3qef— HAM (@HAMShortkiller) June 6, 2024

$FNGR

Read this twice - @BasileEsq has found another way to attack market manipulation

How is the @PCAOB_News verifying audits of public companies that are being manipulated - are its auditors ignoring the counterfeit shares in stocks? https://t.co/YMFrR8lQc8@HAMShortkiller… https://t.co/5XkErNCkUE— kristen shaughnessy (@kshaughnessy2) June 3, 2024

$FNGR

$FNGR I guess the $JPM rumor is on the NOSE. In THE filing. GET ready. Do Your homework.

227,000,000 naked shorts to cover. And Maybe Just maybe a $100,000,000 Rev deal?

Fork you Jeff Easton https://t.co/dKnNQAO1Cg— HAM (@HAMShortkiller) June 2, 2024

$FNGR

$FNGR
"It is currently working and negotiating with one of the largest phone distributors in China to be among the first partners launching services on the platform"

You found a great nugget of info @EdwardDresp in @FingerMotionInc 10khttps://t.co/Zv5QgRAwz0@HAMShortkiller… https://t.co/rzBt46GkcJ— kristen shaughnessy (@kshaughnessy2) June 1, 2024

$FNGR

The future of mobile tech is here with 6G, set to revolutionize the digital landscape! OPPO’s whitepaper's from Mobile World Congress 2024 highlight 6G’s potential in Mobile AI Computing and the Mobile Metaverse. @fingermotioninc (@Nasdaq: FNGR) leads innovation in mobile… pic.twitter.com/3Tem7rd1HZ— FingerMotion (@FingerMotionInc) May 30, 2024

That should be anytime now...

glad that is behind us, hopefully the S.E.C. now gets off it's ass and ok's our S-3a.....

FingerMotion Reports FY 2024 Financial Results
FingerMotion
Thu, May 30, 2024, 9:00 AM EDT

SINGAPORE / ACCESSWIRE / May 30, 2024 / FingerMotion, Inc. (NASDAQ:FNGR) (the "Company" or "FingerMotion"), a mobile services and data company, is pleased to report its financial results for the year ended February 29, 2024. To review the full financial results, please view the Company's recent 10-K filing at www.sec.gov/edgar/search, which should be read in connection with this news release.

FY 2024 Financial Summary (results expressed in US$ unless otherwise indicated):

Reported annual revenue of $35.79 million which was an increase of $1.74 million or 5% compared to FY 2023 (includes Telecommunications Products & Services businesses, SMS & MMS, and Big Data);

Reported Year over Year annual growth in Telecommunications Products & Services business revenue of $5.78 million or 21% compared to FY 2023;

Reported Year over Year annual decline in SMS & MMS business revenue of $3.94 million or 60% compared to FY 2023;

Reported Year over Year annual decline in Big Data revenue of $0.11 million or 25% compared to FY 2023;

Reported gross profits of $3.86 million which was an increase of $1.54 million or 67% compared to FY 2023;

Reported annual cost of revenue of $31.93 million which was an increase of $0.19 million or 1% compared to FY 2023;

Reported operating expenses of $7.68 million which was a decrease of $1.31 million or 15% compared to FY 2023;

Reported annual net loss of $3.76 million which was a decrease of $3.78 million or 50% compared to FY 2023;

Basic and Diluted loss per share of $0.07;

At February 29, 2024, FingerMotion had $1.52 million in cash, a working capital surplus of $11.97 million and a positive shareholders' equity of $12.06 million;

At February 29, 2024, total assets were $18.81 million, total current liabilities and total liabilities were $6.75 million; and

52,545,350 common shares were issued and outstanding as of February 29, 2024.

Strong revenue growth year over year highlighted the financial performance.

"The Company experienced a transitional year toward higher margin endeavors and product diversification," stated Martin Shen, CEO of FingerMotion. "The rise in gross profit came from our Telecom Products and Services business while we continued to invest in the future with our insuretec partners. Our goal of eradicating debt was successful and we hope that our margin building initiatives will continue to build our balance sheet as we transition into a new era of growth. Our launch of cloud-based services is growing and expected to be a significant driver in the coming year, along with growth in our lifestyle app and other new initiatives."

General and administrative expenses increased by $908,368 or 16% during the year which was primarily attributable to a range of costs tied to meeting operational and administrative requirements domestically and internationally. Marketing costs decreased $290,239 or 67% resulting from a focus on just the telecommunications segment. Research and development expenses decreased by $97,990 or 12% due to savings from data access and usage fees charged by the telecom companies.

About FingerMotion, Inc.

FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.

For more information on FingerMotion, visit: https://fingermotion.com/

Company Contact:

FingerMotion, Inc.
For further information e-mail: info@fingermotion.com
Phone: 718-269-3366

Investor Relations Contact:

Skyline Corporate Communications Group, LLC
Scott Powell, President
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: info@skylineccg.com

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". We have based these forward-looking statements on our current expectations about future events or performance, including expected revenues. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to manage its VIE contracts; the ability of the Company to maintain its relationships and licenses in China; adverse publicity; competition and changes in the Chinese telecommunications market; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Report Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to our securities.

SOURCE: FingerMotion




https://finance.yahoo.com/news/fingermotion-reports-fy-2024-financial-130000643.html

Good earnings report excited about the future

Thank you. Should be a lot of fun. It's been a long time.

Should be very close.
Hearing they are waiting for sec approval on their earlier S3 filing first.

https://fingermotion.com/templates/fingermotion/files/new_sec_filings/FNGR%20(FingerMotion%20Inc.)%20Registration%20statement%20under%20Securities%20Act%20of%201933%20(S-3)%202024-04-09.htm

The company makes it sound like the 3A process is close. do you have any idea how long it could take ?

$FNGR Update on S-3A process:
Ex-Div Date determined after Notice of Effectiveness😉— FingerMotion (@FingerMotionInc) May 22, 2024

Da Ge, developed by @FingerMotionInc (@Nasdaq: $FNGR) , connects subscribers with a vast network of independent service stations offering a range of premium car care services including washing, detailing, protective films and more!

Learn more here: https://t.co/QhtAr8CEiN pic.twitter.com/k0VlfBSR95— FingerMotion (@FingerMotionInc) May 22, 2024

$FNGR

Here's why the market maker exemption..which legally allows naked short selling to provide 'liquidity' ... is an abused privilege

Example:
One person gets the market maker exemption and then "rents out" their exemption to many other hedge funds so they can also naked short… https://t.co/YfKrKmmHND pic.twitter.com/HauDsDaZ2i— kristen shaughnessy (@kshaughnessy2) May 22, 2024

$FNGR

South Korea Expected to Continue Short Selling Ban

"...South Korea has no plan to lift a ban on stock short-selling until it can put a system in place to stop big investment banks engaging in illicit trading practices, Yonhap news reported on Wednesday, citing a presidential… https://t.co/DPETax7WGA pic.twitter.com/AXMG7dGyz8— kristen shaughnessy (@kshaughnessy2) May 22, 2024

$FNGR

$FNGR $GTII anther great clip https://t.co/rDa3sNVe02— HAM (@HAMShortkiller) May 21, 2024

$FNGR

$FNGR $GTII told you spoofing. And scalping same thing as stealing https://t.co/8v4gMp9hn4— HAM (@HAMShortkiller) May 21, 2024

$FNGR

"... I think there's a lot of bad actors here....we're not going to let up"

"...something doesn't make sense. I've run a lot of investigations and this one smells just as dirty as all the other investigations that I've had to run into government malfeasance here. I think there's… https://t.co/JplCAbuGfR pic.twitter.com/6kruR9w6Vz— kristen shaughnessy (@kshaughnessy2) May 19, 2024

$FNGR

"...there's many statutes here that have been broken at the federal level.."

How much longer can politicians and regulators look the other way?

"...We know that this is totally unusual.
It looks really bad on every government agency and that's why we're working with Congress.… pic.twitter.com/B9qGqBupx1— kristen shaughnessy (@kshaughnessy2) May 18, 2024

$FNGR

Demand Trade Settlement.

"So how is it that on one day 2.3 million shares are not able to close?
Who is doing that?

It's can't be our retail shareholders. I don't think we have any retail shareholders that have two million shares.

So somebody that's involved in the… https://t.co/BiMbzKuUxy pic.twitter.com/rcLj4nua5K— kristen shaughnessy (@kshaughnessy2) May 18, 2024

$FNGR

These slides will be on the truck today outside the SEC, FBI and DOJ.

We need the CAT system to stop the counterfeit shares flooding our financial markets. @HAMShortkiller and @WilliamPFarran1 have been hard at work. @denniskneale @faulkingtruth @BasileEsq @DevinNunes… pic.twitter.com/gcFiA5vXV7— kristen shaughnessy (@kshaughnessy2) May 13, 2024

$FNGR

Florida state attorney general asked to investigate illegal short selling @DevinNunes calling out "Citadel, Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital" again. Along with
"prime brokers, clearing brokers, executing brokers, options market… pic.twitter.com/ESE7W4q1RV— kristen shaughnessy (@kshaughnessy2) May 10, 2024

$FNGR

South Korea's financial regulators expect to wrap up illegal short selling investigation by end of the year.

"We've completed investigations into some companies and made significant progress with three others. About five companies remain, and, if possible, our goal is to wrap… https://t.co/KX3kncBu5d pic.twitter.com/Wy6d9bfCMZ— kristen shaughnessy (@kshaughnessy2) May 9, 2024

$FNGR

Growth company for sure

The celebration continues. We are still proud of this milestone. Thank you. https://t.co/WVbQnuk3g7— FingerMotion (@FingerMotionInc) May 7, 2024

A combined $40 Million fine to Credit Suisse and Nomura for illegal short selling.."about half the amount of naked short selling transactions"

While the fines have proven not to stop illegal behavior, the last lines of this article suggests these fines are a polite warning to… https://t.co/InlAVW8MCC pic.twitter.com/06v2dqCcw0— kristen shaughnessy (@kshaughnessy2) May 7, 2024

Big question for @FinancialCmte before their vote Tuesday, May 7th...

Are you trying to help market makers, banks, hedge funds BLOCK the CAT system from tracking their trades?

The CAT system goes into effect this month and will be able to spot illegal trades and market… https://t.co/3OZaibKZLv pic.twitter.com/bPq2IfogfJ— kristen shaughnessy (@kshaughnessy2) May 6, 2024

$GTII

$FNGR its not IF it’s WHEN will we CASH out on this short squeeze

225,000,000 naked shorted shares PLUS 2.2M Real shorts have to cover

LIFE CHANGING for sure pic.twitter.com/9D0OZPVhhb— HAM (@HAMShortkiller) May 6, 2024

South Korea's Financial Regulators say 7 more foreign banks caught doing $156 Million in illegal short selling of 164 Stocks.

HSBC, BNP Paribas, Credit Suisse ( UBS) already fined.

(Links to 3 articles)⏬️

Bloomberg :
"South Korea’s financial watchdog said it has so far… https://t.co/oZRBs2XCli pic.twitter.com/3xseSKCMyL— kristen shaughnessy (@kshaughnessy2) May 6, 2024

$FNGR

FNGR............................https://stockcharts.com/h-sc/ui?s=FNGR&p=W&b=5&g=0&id=p86431144783

That's a big Deal - good info

Revolutionize your car care routine with @FingerMotionInc (@Nasdaq: $FNGR) De Ge app! 🚗

Join our community of 650,000 active subscribers and tap into a network of 20,000 car care service stations across China. https://t.co/uNIE1YNKg3 #DeGe #FingerMotion #EVRevolution pic.twitter.com/aRevvyr7Kk— FingerMotion (@FingerMotionInc) May 3, 2024

It's not going to end well for the shorts

$FNGR total Counterfeit shares sold

220,000,000. Real short 2.2M to buy back

$4.73. And they are in the RED. All of them pic.twitter.com/jNNmOfWFqK— HAM (@HAMShortkiller) May 2, 2024

$FNGR

📱We are now on Instagram and Facebook, follow @FingerMotionInc (@Nasdaq: FNGR) now!

Instagram: @fingermotionofficial
Facebook: @FingerMotion #FingerMotion #MobileInnovation #TechRevolution #FollowUsNow pic.twitter.com/5hG44RnidR— FingerMotion (@FingerMotionInc) May 1, 2024

pretty please !!!

Drain the swamp

$FNGR game set Match WATCH this and send to everyone you know. $DJT has the Power to end it. https://t.co/p11e1gVzBw— HAM (@HAMShortkiller) April 30, 2024

https://twitter.com/iBurntOut/status/1785049412558835901

🔔 Don't Miss Out! @FingerMotionInc (@Nasdaq: $FNGR) Rings the @Nasdaq Closing Bell Today at 4pm EST!#FingerMotion (Nasdaq: $FNGR), a pioneering consumer data company, will be making its mark at the iconic Nasdaq MarketSite in Times Square. In celebration of this momentous… pic.twitter.com/FIrU4t3U1V— FingerMotion (@FingerMotionInc) April 29, 2024

Good info got my GTC orders in at high number

$FNGR Longs remember $4.75 and all the naked shorted shares are UNDER WATER. Not some

all 220,000,000. $GME shorts didnt have this problem
until stock passed $25 area $FNGR has them almost in the RED without covering 1 share THINK ABOUT that

Real short is just DEAD 2.2M— HAM (@HAMShortkiller) April 29, 2024

Can't wait

$FNGR Cant thank them enough for all they are doing

stop the counterfeiting pic.twitter.com/hvuSDhEzlK— HAM (@HAMShortkiller) April 27, 2024

No idea. Could be any day now.

https://www.sec.gov/edgar/browse/?CIK=1602409&owner=exclude

Any idea how long it is until Finger announces the warrant dividend??