Lind Partners Statement On FingerMotion, Inc.; Says 'Anonymous Individuals Alleging That Lind Partners Has Taken Naked Short Positions In FingerMotion Are Disseminating False Information'
Portfolio Pulse from Benzinga Newsdesk
Lind Partners has issued a statement regarding false allegations that they have taken naked short positions in FingerMotion, Inc. (NASDAQ:FNGR). They clarified their holdings, stating they own 3,215,296 shares, including shares issuable upon conversion of a convertible note, representing a 6.8% stake. They also hold 1,000 common shares with no other financial instruments related to FingerMotion. Lind Partners warns the public about misinformation spread by anonymous individuals for personal gain. They note FingerMotion's share price increased significantly since their investment.
December 21, 2023 | 2:04 pm
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POSITIVE IMPACT
Lind Partners, a significant investor in FingerMotion, Inc., has publicly refuted allegations of naked short selling and clarified their current holdings. This may reassure investors and positively influence FingerMotion's stock price in the short term.
The clarification from Lind Partners regarding their investment in FingerMotion could alleviate concerns among investors about potential naked short selling. This transparency may lead to increased investor confidence and a positive impact on the stock price in the short term, especially given the history of the stock's performance post their investment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100