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The last trade of the day yesterday was a form T trade. Where do those come from?
In case you missed the memo, there is no company to report revenue. World Moto is out of business. Their LLC has been revoked. Their business doesn't exist. When you don't have a business you don't report revenue.
The trade volume of the last few days is note holders converting shares.
One thing for sure, it proves Paul knew the gig was up prior to March 2016 which is why he never renewed the license at that time.
FARE's business license changed from Default to Revoked on 03/31/17.
Maybe there was interest. The company is still out of business now.
I post information that is factual. Like World Moto being out of business. Their LLC was revoked and they let the website go. They don't have a phone number or email address. You can't contact them. These are facts.
You post things that you KNOW. I just don't know how you know them. Can you explain? You posted this 2 years ago -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116647965
Uber's board members recently forced CEO Travis Kalanick to resign. What do you think Col, did they make him resign so they can close the World Moto deal?
World Moto's FB has been abandoned and it only takes a $10 trade to make the stock close in the green. You're probably on to something here. Keep up the good work.
I'm just looking for an exit strategy pattern. Not sure what it is yet but hopefully something better than .0005.
I don't think buying stock in a company that went out of business is a good idea.
The 1st and 2nd Q's for 2016 were filed about 40 days apart. After the filing of the 1st Q and before the filing of the 2nd the pps went from .0005 to .002+ and held there for weeks. 10's of millions of shares traded. The 2nd Q was filed at the exact same time World Moto's LLC was revoked and the pps crashed back down to .0005.
I'm not an insider so I can't answer the how or why. But that happened.
The filings are related to the debt. Read the filings. The only sections updated are the debt. The answer is right in front of you.
The company that was called World Moto no longer exists. That is a fact and not an opinion. It's products are not for sale. That's what happens when you go out of business.
There is no other. World Moto is out of business.
I posted this on March 9th
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129344971
Everyone knew about Sri Lanka when I posted this. It still doesn't change the fact that World Moto is out of business and it's IP is worthless.
It's over. No one is selling or manufacturing the Moto-Meter.
Richie
World Moto is out of business. It no longer exists. The Moto-Meter isn't for sale. It's done. It's gone. You can't buy it and no one is manufacturing it. The IP isn't for sale nor is it worth anything. It's a taxi meter with blue tooth and it didn't sell.
This company and its products are done.
And of course the obvious. It is no longer a company.
The 10K did not say HailYes was being relaunched in Thailand. That's not what the filing said. It specifically said HailYes would be introduced outside of Thailand.
The Moto-Meter is their flagship product. All of the most recent PR's were focused on the meter. The last 3 filings didn't mention any update to their business strategy for the meter. It contradicts what they were saying in the filings.
My opinion, and this is the most likely scenario, is that there is no launch, relaunch, update, nothing, happening with HailYes. World Moto now has a virtual office for no other reason than to keep filing and rolling over notes. There is no product update happening this year. It's just a rouge as part of them keeping the filings current.
Soon it will be November and we will be told World Moto intentionally kept the pps where it's at for tax purposes. This conversation has been going on for years with no results. Nothing is happening with this company.
Why not talk about what you would do if you won the lottery. The chances of winning are about 1 in 200,000,000 which are better odds than Uber buying WM. Or another topic could be what life would be like living on the moon. None of these things will ever happen.
Let's say you were the owner of this company and what you say is true, they are just waiting for a contract. That would imply they still intend to operate as a business.
Would you take your website offline and let the domain name expire? Also allowing the LLC to become revoked? We both know the answer is no.
I think what you are having a hard time wrapping your head around is that you assume these are honest business people like yourself.
I could spend (can't really call it investing) $50 tomorrow and buy stock at .001. The market cap would double. That's an example of the IP doubling in value?
Paul won't answer you. He's too much of a coward and a thief. You know this.
So the company is closed and testing is still being done. To what, get out from underneath the convertible notes?
No. IP value is determined by demand and sales revenue. If World Moto can't sell their meter it isn't worth anything. It doesn't matter how much they spent developing it or how many patents they have.
What does that have to do with Uber? The only people using Uber and World Moto in the same sentence are the people on this board.
TBlessed you are seriously misinformed.
I just posted about this yesterday. Uber has no intent to conform to regulations in any country. Uber is fighting many lawsuits and in every one of them they are arguing that they are not a taxi service therefore they do not need to conform to regulations. Here is a perfect example of what's happening in Spain -
https://techcrunch.com/2017/05/30/spains-taxi-drivers-stage-another-anti-uber-strike/
Uber is lobbying for rule change. There is absolutely no will on their part to get a license or to use meters in order to operate in Spain. They are trying to change the laws there.
There is no relationship between Uber and Paul Giles or what was World Moto. It is not being discussed anywhere in the world other than this forum.
The only person talking anything about IP is Cueva. I'm not sure how it looks like anything related to IP is happening when there is no evidence to support that.
There is no company to sue. Giles no longer has the protection of the LLC.
If they had a $100M escrow in the works why would they unwind their business. The answer is they wouldn't. World Moto no longer exists.
I knew the gig was up in Oct 2015 when WM released their PR saying they were shipping meters with no specific information as to who bought them or how many were sold. We had to wait 6 months for the 2015 10K to come out and that's when they stopped filing.
Anyone willing to see we were being lied to figured this out.
Yes the truth sounds negative because the truth is negative. I crawled under a rock. It's 107 here today and it's actually cooler under the rock. Thanks. Also my pie hole is closed. Thank you for allowing me to continue texting though.
Apple rhymes with Snapple
Apple is buying Snapple?
I think the only thing World Moto is waiting on is a cocktail and a lap dance.
Ride hailing companies have no use for a meter. Government municipalities may mandate them for registered motorcycle taxi drivers. That would be great for any company who is actually open for business.
What about that wasn't factual?
Lol - $91 just increased the pps from .00052 to .0008
Which will soon make the driver as obsolete as the meter.
Rumor has it World Moto has a working phone number but you have to live in India to use it. It won't work anywhere else. That's technology for you!
Uber's success was built on developing technology that doesn't require the use of meters. That's like saying Apple should invest in pay phones.
There is only one example of Uber complying with regulations by installing a small number of meters in cars in an Indian province. That had nothing to do with World Moto and nothing to do with motorcycle taxis.
Uber is dealing with dozens of lawsuits over its business model. Their strategy is to argue they are not a taxi service therefore they do not need to comply with regulations. There is no need to speculate you can easily research this. Uber's strategy is to fight the lawsuits. It is not showing any interest in complying with regulations.
Because I own stock in this dead company.
I never stated my opinions about people buying stock. I only post in response to people saying this strategy to appear like they have gone out of business is somehow a good thing. It's sad that people choose to ignore facts and instead believe in rumors.
All of that has happened since the last PR yet they are still hanging on the last PR.