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some thank FARE still has Legs. Wouldn't it be nice to hear that they have raised money or have a partner for their patents.
FARE may not be dead if they have raised funding per their last 10q I believe there is a reason they killed World Moto Web site.
If depends if FARE issues a new 10q.
surprising- more buys then sells today
10q - should be out tomorrow?
Next week we hope to see the 10q. If the company has raised money to develop inventory, hire support staff and fund enhancements, watch for big jump in price.
If FARE has raised money, then they may have funds for another year!
ha, ha maybe
it will go to near ZERO unless FARE has a plan
Tblessed, FARE is not dead in my opinion. You just don't work away from the patents. Nothing has changed, the market is emerging. Sira Lanka has mandated moto taxis meters- other will follow.
No doubt this is a long shot, but the company is SEC Compliant, raising money and no longer has web site- appears more going on than appears. Surprising no one is selling! today.
Paul created 22 patents in 22 countries- what does he has to apologize about. He has no control of market.
I didn't know new 10 q is out?
Maybe 10Q will be released soon?
10q may shed some light on FARE
ha, ha...I think 22 patents with 40% to market is good enough
app companies bared from doing business with Moto Taxis. Better get facts right. Thailand hasn't mandated meters for Moto Taxis YET!...obviously longs waiting for Mandates like Sri Lanka and parts of India.
And they are banned from Moto Taxis in Thailand
It may be difficult to ignore the moto meter market for Grab or other!...especialty in Asia where the market is mostly moto taxis.
As Grab ends auto focus, they may focus on Moto Taxis in Asia- a bigger market than autos. Isn't our board member from Singapore?
Grab is in the process of raising $2.5 billion for it ride hailing service in Southeast Asia, but that hasn't stopped the Uber rival from tapping banks for $700 million in debt facilities to develop its business.
The Singapore-based company said it had pulled in the financing from "leading global and regional banks" to expand its car rental fleet in Singapore and Indonesia, two of its key markets. This debt facility takes Grab to over $4 billion in funding. It raised $2 billion from SoftBank and China's Didi in July, with $500 million set to be added by other backers soon.
This new capital will be put to work purchasing vehicles which can then be provided to drivers on a leased basis. The overall aim is to use this flexible financing option to add drivers who can't afford to buy cars to its platform. The company claims 1.8 million drivers across its seven countries in Southeast Asia. That number, it added, is three times higher than it was in January.
Singapore and Indonesia have been targeted for different reasons. Singapore, a strategic market, is one of the most expensive markets in the world for buying a car hence Grab believes leasing could enable for would-be drivers to work for its service.
Indonesia, the world's fourth largest population with 260 million people, is seen as a huge opportunity for ride-sharing companies but the economic issues are different. There many who might benefit from driving for Grab, Uber or local rival Go-Jek lack consumer credit options to buy a car. That leaves leasing as their best immediate move.
"With these debt facilities, Grab will make more cars available for rental, provide more favourable rental terms and services for driver partners, and increase the supply of vehicles on the road, making rides faster and more affordable for passengers," the company said in a statement
Grab claims to have around 63 million mobile downloads. Uber doesn't release data for the region but anecdotal evidence suggests that, across the region, Grab has its overtaken its U.S. rival. A TNS survey commissioned by Grab came to the same conclusion, with the Asian firm said to control over 70 percent of the private hire market where both companies compete.
Meanwhile, in Singapore, Grab is making moves to shore up the licensed taxi space, too, after it teamed up with public transportation firm SMRT. The partnership enables Grab to work with SMRT's licensed taxi and private car fleets, while introducing hybrid and fully electric
vehicles in the future.
get real, this is a high risk investment, either they have partner or not. I believe they will succeed.
Joe, I hope you know something others don't ?
22 patents in an emerging market- pretty exciting in my opinion.
yes, may be another five years -)
Emerging market- give it five years minimum! Of course everyone will want the latest technology, convenience, etc.- while satisfying the existing taxi meter consortium and government mandates. This is why the Moto Meter is so exciting!
UberMoto is not dead
MM controlling sp for a long time- 5's one day, 4's the next. WM needs to show it's hand to move sp. If nothing to show, this will continue for a long time- hopefully to mandate contract in a country they have patents.
suggest you find some new adjectives for my post . Yes the patents are worth $1Billion in my opinion. This is based on the projected revenue for 5 years for Moto Taxis in world.
Any holes in technology can easily be fixed- patents last for many many years- everyone know this!
Uber or other as a partner is what is needed to make WM a success. A company that can market MM to the Moto Taxi marketplace. MM with it's unique APP support is a winner.
Might be a good time to get back in- if they have partner with deep pockets this can still happen
something is happening?
Seems logical to me that the patented moto meter will have a market as more countries mandate meters on moto taxis- just a matter of time. WM needs a deep pocket partner to market around world...I'm still Long.
In 40% of world, only FARE can sell APP enabled moto meters- patented protected
Yes, FARE is waiting for mandates in the 22 countries that it has patents- 40% of the worldwide market...this is why patents are worth $1 Billion
Have you forgotton mandate in Sri Lanka and some cities in India?
no a done deal yet- waiting for mandates?
Are you talking about the CEO who oversaw 22 patents in 22 countries, who signed off the 10K, is SEC Complaint, who is raising $340K for continued operations and who may be working with a deep pocket partner??
I'm sure surprised MM doesn't let FARE run a bit and get a higher price for dumpers. Lot's of shares traded for a 'supposedly' dead company.
Taxi companies fight back against Uber and Ola in India. Folks, this is an emerging market- it will takes years before it is sorted out. FARE's 22 patents in 22 countries will be a player!
By Aditya Kalra and Paresh Dave
NEW DELHI/SAN FRANCISCO (Reuters) - An Indian taxi company has stepped up its legal challenge against local competitor Ola and U.S. rival Uber, alleging the firms are abusing their market position, and believes that planned investments in both by Japan's SoftBank underscore its view.