FingerMotion Retains Attorney Mark R. Basile to Investigate Stock Performance
FingerMotion, a leading mobile services and data company, has announced that it has retained attorney Mark R. Basile and his securities litigation firm, The Basile Law Firm P.C., to investigate recent activities surrounding the company’s stock performance. The move comes in response to potential market participants utilizing unlawful means to impact FingerMotion’s shareholders, including the publication of a research paper by Capybara Research.
Martin Shen, CEO of FingerMotion, expressed his satisfaction in welcoming Mr. Basile to the legal team. He highlighted Mr. Basile’s expertise in understanding how dilution funding and certain market participant activities negatively affect retail shareholders. Mr. Basile’s firm has been at the forefront of battling dilution funding for the past eight years, securing a landmark decision in 2021 against a toxic lender that has saved millions of dollars for numerous public companies.
The Basile Law Firm P.C. has also been actively pursuing RICO actions against known dilution funders for the collection of unlawful debt. Their efforts have resulted in the Southern District of New York denying a toxic lender’s motion to dismiss RICO claims. The firm has published articles and advice for companies that suspect they may be victims of dilution, counterfeit shares, and market manipulation.
FingerMotion is an evolving technology company with a core focus on mobile payment and recharge platform solutions in China. As its user base continues to grow, the company is developing additional value-added technologies to offer its users. FingerMotion aims to rapidly expand its user base through organic means and create an ecosystem of highly engaged users utilizing its innovative applications. The company envisions serving over 1 billion users in the Chinese market and expanding its model to other regional markets in the future.
For more information about FingerMotion, please visit their website at https://fingermotion.com/.
Contact:
FingerMotion, Inc.
Email: info@fingermotion.com
Phone: 718-269-3366
Safe Harbor Statement:
This news release contains forward-looking statements within the meaning of applicable United States securities laws. These statements are based on forecasts, future results, estimates, and assumptions made by the management of FingerMotion. While the company believes these expectations are reasonable, they are subject to various risks and uncertainties that may cause actual future results to differ materially. Factors that could contribute to such differences include economic and market conditions, changes in the Chinese telecommunications market, technological failures, and cybersecurity breaches. The company disclaims any obligation to update or supplement any forward-looking statements.