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$644. Look at all that money they're making!
Wow. Uber bought out World Moto and kept the buyout so secret that no one knew to buy stock.
.0007 is the ultimate conspiracy theory.
If I was in a position to negotiate a government contract the last company I would consider doing business with would be the one who's license had been revoked, phone disconnected, no email address, no website, no prior sales clients for testimonials, no history of product use and behind on financial statements.
Why? Because that isn't a company that sounds like it will be around when I need product support. And yet somehow this doesn't make sense to people.
And for all of you who have been here for as long as I have you remember that story about Julpas was followed up by this article. Along with the same crazy rumors of how Richard Branson was investing in World Moto because of these pics.
http://www.elements-magazine.com/2010/12/richard-branson-must-shave-his-legs-for.html
LOL!!!!!
Dec 19th 2012
"World Moto CEO Paul Giles stated, "Having Tom Kruesopon on our board brings tremendous value to our company with his extraordinary experience and vast network of business and government contacts. Without question he has shortened our path to success in the Thai market, SE Asia and beyond."
https://finance.yahoo.com/news/world-moto-inc-advisor-prime-210500975.html
I think we've heard this story before.
That's what you get with Q's that aren't audited and no employees.
If you look at the last couple Q's they report more dilution but they're not updating the OS.
I wish I believed that. When you have a dozen reasons that don't agree with you, it probably isn't true.
Lol! Best post of the day. The PPS was at .05 prior to the dilution.
The notes they owe are pretty real and Paul no longer has the protection of the LLC.
Do you think pretending the notes don't exist when they come due will prevent further dilution? I don't think the real world operates that way.
Another stellar trading day. Suppressing the trade volume must also be part of the conspiracy.
Which PR's are you talking about? This one that said Moto-Meters would be hitting the streets of Bangkok in April 2011?
https://www.google.com/amp/s/www.wired.com/2011/03/entrepreneur-brings-meters-to-motorcycle-taxis/amp/
Or maybe this one that said World Moto was 'shipping' and 'fulfilling orders' in October of 2015?
http://www.prnewswire.com/news-releases/world-moto-begins-moto-meter-shipments-300153711.html
The first PR never happened, you are able to admit this, right?
The 2015 10K showed $1,500 in revenue for those 'shipments' and 'fulfilled orders'. Nothing else since then. There hasn't been a PR since April of 2016.
So what PR's are you talking about? I'm assuming this post was written to me, so what have I been wrong about?
The answer is pretty simple.
http://www.worldmoto.com
(646) 810-8781
http://nvsos.gov/SOSEntitySearch/mobile/default.html?st=c&ss=World%20Moto%20#Details
$1,300 traded on Friday. Wow look at all that money being made.
Yawn. For reasons already stated World Moto is not attempting to sell anything.
It's only a matter of accepting reality. No website, no phone, no email, license went into default and is now revoked, no more contact through social media, no PR's, no communication of any kind.
The only people not willing to accept the truth are those who have lost money and are holding on to hope that this will someday come back to life. If World Moto still had a plan they would not have dropped off the face of the earth. No one runs a company like that and no honest person can dispute that.
World Moto's end game has already come and gone. It's obvious they aren't trying to sell anything the company no longer exists.
Here's a classic post from Feb 2013 for anyone who doubts Sujitta
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=84701056
Does it really matter? The company no longer exists. It will never release another PR and we will never hear from them again.
Anyone still believing in this company believes in stories of Chinese people using Wechat to hail motorcycle taxis that don't exist.
It's like dumb and dumber taping heads on dead birds and claiming world moto is about to hit it big when they know the bird is dead. Just dumb and dishonest.
He no longer has the legal protection of the LLC so any future debt he incurs he would be personally liable for.
That's fine. I don't believe in coincidences and it's hard not to notice how the dates match up. And the obvious.. there was no reason for the pps to suddenly shoot up to .0065 in one day and settle above .002 for a few weeks while tens of millions of shares traded. Then the day the license is revoked the pps starts to crash back to .001? Looks like insider stuff to me.
Conversion and dilution are the same thing and it makes the price go down not up. Before they started diluting the stock the pps was at .05. What I'm suggesting is price manipulation before the license was revoked. They probably released the 2nd Q on the 31st and it posted on the 3rd.
I used to think World Moto would sit idle for awhile until regulation started to pass and then pursue sales. But with the company letting their website go, disconnecting their phone number and having no valid email address it's obvious they are not trying to sell anything.
It's hard to prove price manipulation. All I know is the dates match and the pps shot up with no other obvious news to explain it. Date of revocation is easy to see.
My guess is that the latest run in the pps was related to their license revocation. Funders cashed in before it was revoked. The last trading day FARE was at .002 was March 30th. After the license was revoked the pps immediately started crashing back down to where it is today.
Easy enough to figure out. Their license went from default status to revoked after 1 year of being delinquent. That date would have been Monday April 3rd, the same day as their last filing.
Lol. In due time the SEC will pull their registration. There's your Kaboom.
The company no longer exists. It doesn't get any more straight forward than that.
Not sure what you didn't understand about my post #33870
I check that site every few weeks. It's been about a month since I last checked. It was in default the last time they filed, as I've already said. Their license is now revoked.
When a corporation is revoked it is no longer permitted to do business under the corporate license. An Annual List and renewal documentation along with a check for $6,300 now has to be mailed to the NV SOS.
It's just more proof there is nothing happening with World Moto. Unless and until the LLC is brought current World Moto no longer exists.
That's incorrect. The previous filings were done when the LLC showed the license was in default just like their other entity World Moto Holdings Corp still currently shows.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=kbQcIMT7eInBPLdKPr3usw%253d%253d&nt7=0
World Moto Inc is how they file with the SEC and that entity has now been revoked by the State of Nevada.
You would be wise to understand what's going on here.
I guess someone can't handle the truth.
The LLC for World Moto Inc has been revoked.
http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=cH7y4Sa2L1Zq%252fR9TArqsyA%253d%253d&nt7=0
The link I provided is from the State of Nevada. It says it's revoked.
Someone correct me if I'm wrong but without a valid business entity World Moto can no longer raise capital and has no reason to file with the SEC again.
I want a contract for meters. How do I contact the company? Secret, non public phone number? Or maybe they negotiate in person only and use tactics to avoid lip reading.
This is from the 2015 10K -
Outstanding as of November 7th 2016 1,490,145,045 shares
This is from the 2nd Q for 2016 -
Outstanding at March 18, 2017 1,490,145,045 shares
This is also from the 2nd Q for 2016 -
During the six months ended June 30, 2016, the Company issued 523,366,065 shares of common stock for the conversion of notes payable and accrued interest in the amount of $498,458.
It's obvious they aren't updating the OS in their financials.
That was 11 months ago. At that rate it's safe to say the current OS is over 3 billion today.
The company hasn't been silent. It has been talking to us all. have you been reading what they say?
This is the only thing that's brewing -
During the six months ended June 30, 2016, the Company issued 523,366,065 shares of common stock for the conversion of notes payable and accrued interest in the amount of $498,458.
On January 25, 2016, the Company entered into a third convertible note with Union Capital for an aggregate principal amount of $25,963.
On January 25, 2016, the Company entered into a fourth convertible note with Union Capital for an aggregate principal amount of $46,765 to settle for the convertible note and accrued interest of the Vis Vires Group dated July 27, 2015.
On February 1, 2016, the Company entered into a fifth convertible note with Union Capital for an aggregate principal amount of $60,000.
On February 19, 2016, the Company entered into a convertible note with GW Holding Group Note #1 for an aggregate principal amount of $38,000.
On March 30, 2016, the Company entered into a second convertible note with GW Holding Group Note #2 for an aggregate principal amount of $30,000.
On March 30, 2016, the Company entered into a sixth convertible note with Union Capital Backend Note #14 for an aggregate principal amount of $66,750.
On May 20, 2016, the Company entered into a third convertible note with GW Holding Group, Note #3 for an aggregate principal amount of $37,050.
On January 11, 2016 the company entered into a backend convertible note with Union Capital, Union Capital Note #8. On May 23, 2016, the company received the first disbursement #1 of the note in the amount of $10,188.
On June 24, 2016, the Company received second and third disbursements #2 & #3 of the backend convertible note, Union Capital note #8 in the amount of $10,000.
On May 20, 2016, the Company entered into a backend convertible note with GW Holding Group, Note #4 for an aggregate principal amount of $37,050. On June 24, 2016 The Company received the first disbursement #1 of this note in the amount of $10,945.
What Joe posts here are his opinions. He doesn't know anything more than anyone else here. Everyone here has the same set of facts that World Moto has not reported any sales or revenue. They do not have a secret phone number and email that they refuse to make public. Anyone posting this shouldn't be taken seriously.
Paul makes $100K USD /yr salary from WM per filings. They pulled out over $200K in new notes just in the first 6 months of 2016. The exchange rate is 35/1 in Thailand. Yea, I'm still sticking to that theory.