@SECPaulSAtkins How Information Was Obtained
The information was obtained through research and review of publicly available trading data, Level 2 market data, FINRA short sale reports, and SEC filings.
@SECPaulSAtkins Violation of Federal Securities Laws
· Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 (market manipulation and fraud)
· Reg SHO (which governs short selling and requires locates)
· Potential naked short selling
· Abusive Failure to deliver (FTD) patterns
@SECPaulSAtkins In December 2023, Lind Partners issued a public statement denying naked shorting allegations related to FNGR . The timing and public nature of this denial, combined with subsequent events, merit investigation.
@SECPaulSAtkins The convertible notes were executed prior to the August 28 collapse with conversion prices of **$0.81 and 0.19, making these notes deeply in-the-money for the institutional investor. This structure suggests a coordinated exit strategy for short sellers.
@SECPaulSAtkins G. FingerMotion has called a special meeting with proposals including:
1. Approval of issuance of 19.99% or more of outstanding shares upon conversion of two $5.0 million senior secured convertible notes
2. Increase authorized shares of Common Stock to 500 million.
@SECPaulSAtkins Jolie Kahn's Background includes previous leadership roles at companies that have faced financial distress:
Former CEO of AVAX One Technology, Ltd. (June 2024 – July 2026)
Former Interim CFO of GlucoTrack, Inc. (2019–2023)
CFO of Ocean Biomedical, Inc. (March 2024–June 2025)
@SECPaulSAtkins E. Leadership Change Timing
On August 4, 2026, the company filed an 8-K disclosing:
· Martin Shen resigned as CEO and Director
· Jolie Kahn was appointed CEO and Director effective the same date
This leadership change exactly 24 days before the August 28 manipulation event.
@SECPaulSAtkins At 1,139.50%, daily interest is approximately 3.12%. A short position held for one month would incur ~93.5% interest. These rates are unsustainable for legitimate short positions and suggest extreme desperation or synthetic share creation.
@SECPaulSAtkins D. Borrow Rate Anomalies
The borrow rate for FNGR shares has reached historic levels:
Date Borrow Rate
August 31, 2026 (AM) ~504%
August 31, 2026 (PM) ~785%
September 1, 2026 ~1,057%
September 2, 2026 (AM) ~1,139.50%
September 2, 2026 (PM) ~575%
@SECPaulSAtkins C. Reporting Discrepancy
The reported short interest for FNGR is approximately 1.36M–1.76M shares . This number is not commensurate with daily short volume of 850M shares, suggesting the vast majority were covered intraday or represent undisclosed naked shorting.
@SECPaulSAtkins B. Extreme Short Volume vs. Public Float
On August 28, 2026, FINRA-reported data indicates:
· 850,088,321 shares were sold short
· This represented 68.18% of the day's total trading volume
· The public float is approximately 46 million shares
· Short volume was 18× the float
@SECPaulSAtkins This complaint concerns suspected market manipulation, specifically an extensive campaign of naked short selling, in the common stock of FingerMotion, Inc. (FNGR) on August 28, 2026, and the surrounding period.
@FingerMotionInc The Hook
1,057% borrow rate.
850M shares shorted in one day.
46M public float.
FNGR is not a normal stock. It's a market anomaly.
Let me break down why this matters. 🧵👇
#FNGR#ShortSqueeze#NakedShorting
@AquariusAngel24 If you haven’t seen this, Please watch and send this out to everyone! Thank you for all your help and updates. https://t.co/Kyjl8SrWQM