World Moto Inc (fka FARE)

[Richie R]

Facebook feedback, looking good ,SEC had only three comments.


From World a Moto Facebook page
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World Moto Hi

We would like to post updates but we are currently in the S-1 process related to the April 7th financing.

During the S-1 process a "quiet period" must be observed which means companies are legally restricted from all promotional activities. Here is some info about quiet periods (from Wikipedia):

Quiet period

From Wikipedia, the free encyclopedia

In United States securities law, the quiet period (or waiting period) has "historically [meant], a quiet period of time extended from the time a company files a registration statement with the SEC until SEC staff declared the registration statement effective. During that period, the federal securities laws limited what information a company and related parties can release to the public."

Under the rules of the Securities Act of 1933, as modified June 29, 2005, electronic communications, including electronic road shows and information located on or hyperlinked to an issuer's website are also governed. The rules changes of June 29, 2005, also included various changes which "liberalize permitted offering activity and communications to allow more information" for certain qualifying organizations.

Guidelines

During a Quiet Period, a publicly listed company cannot make any announcements about anything that could cause a normal investor to change their position on the company's stock. Normally, that means the company does not discuss any of the following:

New deals or wins signed in that current quarter.
Announcements about previously sold implementations going live are allowed, but must be explicitly described as such
Management changes
Progress against company goals
Major product or service announcements
Major partnership announcements

http://en.wikipedia.org/wiki/Quiet_period

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We anticipate that the S-1 process will soon be complete as the last round of comments from the SEC was only 3 comments.

Best,

WM