FingerMotion (OTCQX: FNGR), a mobile data and services company, announced that the OTC Markets Group informed the company that it had become aware of promotional activities in the United States regarding shares of FNGR’s common stock. OTC Markets requested FingerMotion comment on the activity. In the announcement, FingerMotion observed that the company was made aware of promotional activity encouraging investors to purchase FNGR stock the same day — July 28, 2021 — that OTC Markets had contacted the company. In response, and on the same day, FingerMotion released a press release regarding its application to have its common stock listed on the Nasdaq Capital Market. The company noted that certain promotional materials in the form of a newsletter had been prepared and distributed by parties the company was unaware of; FingerMotion was not involved in the activity and had no control over the newsletter content. According to the announcement, the company noted that it does not believe any information contained in the promotional materials was false or misleading. “However, it is possible that certain excerpts might be read as misleading and/or incomplete, and readers should not place undue reliance on the promotional materials,” the press release stated. “The company is not able to comment on information about the industry or the market as we cannot determine the accuracy or legitimacy of the sources. Specifically, the company does not condone the use of sensational language to describe the company’s business prospects or the growth potential of the company’s industry. The company notes that investing in the company’s securities involves certain risks and uncertainties which investors should review prior to making any investment decision.”
To view the full press release, visit https://ibn.fm/M26sS
About FingerMotion Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. FingerMotion is one of only a few companies in China with access to wholesale rechargeable minutes from China’s largest mobile phone providers that can be resold to consumers. 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 more than 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, please visit www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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