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exactly! why sell it now...I am fine losing another $447
you mean the crook who is CEO?
at this point I own 300k shares of the company and have been holding them for 3 years. They are so worthless to me at this point that I am holding onto them as well. As for why the company has not disappeared yet, I am not sure. right now I believe that the principals of the company own a large chunk of shares, as well as the creditors that torched them with some pretty horrible funding deals. Eventually, if they don't ever have any filings, or get to the end of this year and don't show any substantial sales, the company will be gone. They have no money to operate, so unless they were able to secure real purchase orders and convince someone to finance the orders, they wont be able to continue as an ongoing concern.
hahaha that would be a different Tom Wiseman buddy.
i think all except blind fools on this board think so as well. You live in the same dream world that I lived in 3 years ago when I started following this BS company.
Tom was on the yahoo message boards for years on this stock....he guessed correctly that FARE would go to "nothing", which it is very close to...however, you can go back and read his posts and learn that he is an illiterate fool, he just happened to guess correctly that the people who run World Moto are crooks. His posts were humorous, yet annoying.
hahahah you are always good for a laugh when I am having a bad day.
believe that to be sarcasm...
they didn't.
its because they have no sales
not sure you can even consider them a company at this point....although COL will tell you that they aren't filing because they have so many revenues that they cant keep up! haha what a joke.
what is really funny about that is that RXMD actually has revenues and even turned a profit in their last quarter.....how is FARE doing?
fair enough, that makes sense. ill take fault on that one, as I did not even look at the price.
not according to yahoo...now shows to be down 35% with 3.5 million shares traded
YAHOO SHOWS IT TRADING UNDER FARE AGAIN, 1.5 MIL SHARES TRDADED AND STOCK DOWN 40% THIS MORNING....
COL317- seriously man, come on. I know you want this company to do well, and most of us here do (other than Sujitta and Nmills) but at the end of the day, your ra ra ra attitude is pretty annoying. They haven't filed for the same reason this company hasn't done anything they said they would in the last 5 years. they have incompetent management and don't have any money...it costs money to get audited and file your reporti9ng, and they have none. that is the more logical reason as to why it hasn't happened yet.
that is 100% incorrect. My family and I run a large business in San Antonio and I request quotes from people ALL OF THE TIME and I would say that about 50% of the time I don't buy what I ask to get quoted.
LMFAO- now the Moto-meter and HailYes can fight terrorism? hahaha... these guys are just so unbelievably full of shit.
.01, sorry, not 1
1 would be more realistic. this wont ever be a multi billion $ company.....
oh wait...most of us on this board have....!!!! ouch...but I wont be giving them any more of my money until they return some of it to me....
who on would want to give these failed managers their money?
Only if you consider going from $0 to $0 steady growth....
meaningless
How can you say that they don't put out "pump press releases???" that is in essence all that they put out.
I am long FARE only because I don't seem to like my money...but COL is a whole new level of pumper that I have not yet witnessed before. He is either just completely brainwashed by these BS PR's that get released or he is a genius....I would go with the former
better way to state that would be "if revenues are ever realized" that is a much more realistic way of putting it.
I have never quite seen the likes of a pumper like you....what would make you think that they have anything other than their useless PR's coming out? they have no sales....if they did we would know by now.
Richie....I am sure we all have read the PR release. You have been around long enough to know that it still means nothing at this point. Great, so they have someone to produce the meters. He states in the PR that now they can fill purchase orders? Maybe I missed something here, but I don't remember them ever announcing that they actually had any purchase orders....only that they had "sales inquiries.."
anyone can create a press release stating nothing, which is basically what they have stated in all press releases for the last three years.
by the way, 2012 is not when the moto-meter was first introduced. Giles has been "working" on this since late 2010, maybe even earlier and was supposed to have the first trial run of it in Bangkok, Thailand in March of 2011....so it has been over 4 years since this trial run was supposed to have happened and how many moto-meters has Thailand ordered from them?
This last press release about "sales inquires" also means nothing, as the market has obviously realized since the stock has done nothing but go down (other than the first day) since the press release.
many of us have been on this message board and the yahoo message board for years now talking about the same hopes and dreams for this company, but at the end of the day they have done nothing with the product.
Yes they claim they are ready for global sales and production, but with no orders for the product, what are they going to produce? at some point they aren't going to have access to any money and the company will disappear.
hahahahaha...chart means nothing on a stock like this....all that matters are sales, and they have none.
Haven't been on the board in a while, but just spent about 10 min reading some of the latest posts. This board is always good for a laugh.
The bottom line is this. We all think that the products are cool. The problem with the company is management and demand for the product. right now there is no demand for the product and I don't see any demand for it in the foreseeable future. everything about the moto-meters is going to be based on government mandates. until it is a requirement for motorcycle taxis to use the meter, they have no reason to want to use it.
if the products had any demand for them, funding would not be an issue. there are a ton of investors around the world that would be willing to invest in a product like this if they thought there was demand and thought that it was something they could make money with. that doesn't exist, so they are having to fall back on companies like Aegis that just completely rape them on funding and ultimately control a major qty of stock. yes they have a reason to try and pump up the share price of the stock in order for their shares they received for the funding to make a profit for them, but even a little jump in share value can make them a lot of money in a short period of time.
This is a tock that is a long shot. It could pay off tremendously if the mandates ever happen, or it could take too long and the company could go backrupt. This is the type of company you throw a little extra cash into that you can live with losing for the opportunity to make a killing if things ever fell into place.
the pumpers on the board are definitely a good laugh. no news that comes out is going to mean anything unless it is news of a giant order for moto-meters or wheelies. Giving a meter to a college class or "breaking amazons delivery record" don't mean anything at this point.
so I think all of us would benefit from not hearing the " this stock is going to be at $2 by year end" or tomorrow is going to be the day. Just buy the stock or don't buy it and then sit back and enjoy the ride...up or down...
I think waiting on your reply about your conversation with Smyth.
all of those prices are pipe dreams without sales, boys...
not really the point...why would you be asking who is selling. if new investors bought in before that big jump up, why wouldn't they sell and take profits while this thing tumbles back down to what it is actually worth.....actually it is already overvalued for someone who has zero in revenue.
investors that have been in here since tow years ago have lost more than 60-70%. I was one of those investors, so I sold every share I had when it jumped to $.06 just to make the money back that I had already lost. right now I am waiting for sub $.02 again before even thinking about putting any money back into it.
Many of these people have been patient for more than 3 years...only so long you can let these people take your money and run.
You use way too many exclamation points...
exactly, well not exactly...I don't think 10 or 100 meter sales will take it off like a hellcat...but nothing good will happen without sales announcement. they will need to sign up sales of 1k-10k units to send this thing up where you guys are dreaming it could be. But the perfect question was asked on here earlier...if they get an order, who will finance it and how long until it is delivered and they are paid for them...
Only people that are out of touch are those that believe that this stock will go anywhere without any sales....it is easy to release news saying we are ready to sell something....but if you don't sell it you are still worth nothing to your shareholders or potential shareholders.
I hope all of the bitter naysayers (myself included) were wrong and they actually sell something. I am sitting on about 140k shares...