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Keep in mind the same product launch promises were made in previous 10K's. Why do you think we became the stuck holders that we are.
Although Alien could be the exception. For someone who has nothing invested he is highly motivated to bash World Moto each and every day. Who knows. I don't get why anyone would waste so much energy being so negative about something that does not affect him in any way whatsoever. So I'll give you that. Maybe he's our paid basher.
Where did I say that? This is a huge market. HUUUUGGE. I said there is no buyout and no way to download HailYes.
Cueva, you should go back through my posting history. It was me who read the 10K and me who suggested the $1,500 in revenue was most likely a few sales to distributors.
I'm one of the few who actually reads this stuff.
There are no paid bashers on this site. There is also no Uber buyout in the works. One more thing that seems to be lacking is a large dose of reality. Every single explanation you site for a buyout is more realistically explained as a company working with very little cash just trying to stay alive. It's been said here 1,000 times and if you don't believe it then read the financials. The explanation comes straight from World Moto. Their meter is too expensive for taxi operators and they are relying on regulation that has yet to be passed that will help them sell these things. No bashing here. I simply bothered to read their financials and can use logic to see the situation for what it is. Claiming there is a buyout in the works is pure fantasy. There is no one outside of this forum discussing this.
Please find a way to download HailYes and find ANYTHING other than your own personal opinion that a buyout is in the works. You can't do either and you know you can't. Please prove us wrong Cueva. Find the proof.
The charts don't lie Sewer.. lol.
There are no dealers. HailYes signed up licensees and partners, neither of which provide tech support for the app.
I think you're thinking of the dealers for the Meters. Why would an app need a dealer?
We KNOW there's like 25 million people using HailYes in China. There is no way to prove this, but we KNOW it. Surely at least ONE person out of 25 million has needed tech support at some point. Are they being directed to the lawyers too? And is the ability to get that number only available in China?
How does Uber negotiate a buyout with World Moto? The Q released yesterday still lists their out of order phone number. With the website down they aren't even receiving emails.
Are they sending smoke signals back and forth? Or do you think they are negotiating by mail.
The only thing that seems certain is the same posts will be posted and the same comments will be made by the same people tomorrow as were posted yesterday, last week and last month.
The only Q I'm seeing is the one ending March 31st.
Where is the Q? I can't find it.
Lol. We shall see. Let's hope they aren't scrambling to get current so the note holders can start converting shares again.
They showed $1,500 in rev on the last K. Probably the sale of a dozen meters to select distributors.
There is a reason they said shipping Meters instead of selling Meters. World Moto always uses vague wording leaving everything open to interpretation. If it isn't a clear message then it's just fluff news wanting you to believe something that hasn't really happened.
They probably don't even know it's down. No one at the wheel anymore.
So far the company exists to convert shares for cash. The day World Moto sells something and reports a profit you and I can have a conversation about that. Until then we only have hundreds of thousands of dollars in new debt every quarter to talk about. Don't get me wrong, I'd love to talk about ANYTHING else. But World Moto doesn't communicate with anyone to give us anything else to talk about.
Union Capital is a hard money lender. The convertible debentures they issue are called death spiral financings as they covert shares that drive the pps to 0. They only way out is to pay these guys off which so far they have not been able to do. We see this in the Q when they report no revenue and show old notes being rolled over to new notes.
We read the K's and Q's to see what their debt and earnings are. The financial health of the company.
They rolled over $110,043 in old notes to new ones.
They issued more stock to borrow $220,713 in new notes.
Now we wait for the next Q to see how much more debt they incurred from April to June.
Here is the pertinent info -
Revenue
We have generated no revenues for the three month periods ended March 31, 2016 and 2015.
Unregistered Sales of Equity Securities and Use of Proceeds
On January 11, 2016, the Company entered into a convertible notes with Union Capital for an aggregate principal amount of $31,639, to settle for the convertible note and accrued interest of the Vis Vires Note #1 dated July 10, 2015.
On January 11, 2016, the Company entered into another convertible note with Union Capital for an aggregate principal amount of $31,639 to settle for the convertible note and accrued interest of the Vis Vires Note #1 dated July 10, 2015.
On January 11, 2016, the Company entered into a third convertible note with Union Capital for an aggregate principal amount of $71,639 to settle for the convertible note and accrued interest of the Vis Vires Group #1 dated July 2015.
On January 25, 2016, the Company entered into a convertible note with Union Capital for an aggregate principal amount of $25,963.
On January 25, 2016, the Company entered into a 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 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 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 convertible note with Union Capital Backend Note #14 for an aggregate principal amount of $66,750.
I haven't had a chance to read this yet
http://seekingalpha.com/filing/3419482?app=1&uprof=45&utoken=e2038c389a5a428a907cda8542ada6cc
Something happened recently I'll give you that. The pps shot up in price and continues to hold above .001. Why? The people on this board search the web more than anyone and there is no news to support the increase in value.
It's an interesting and debatable conversation Cueva. It would be a home run for us if it happened. But is it being discussed anywhere other than here on iHub?
Jr, you chart companies with earnings. World Moto trades on optimism and pessimism. Charts are useless when a company's stock is traded on emotion. We know a PR equals a bump in pps followed by a reversal days later because the company has no earnings.
We have another 10K due in a little over a month. No doubt Uber will file theirs on time. World Moto.... ?
Yes we are used to Meters here and places like Europe and Australia but have you ever taken a car taxi in SE Asia or Africa? I get so irritated having to negotiate fares since no one uses Meters that I usually end up renting my own car or motorcycle or just hiring a private driver to drive me around whenever I'm ready to go somewhere. I get what you're saying. I've spent a lot of time traveling around really poor countries like the ones World Moto wants to sell Meters in.
Sorry Cueva we disagree on this. I think the cost relative to their income is one of the biggest challenges for World Moto.
Aka the taxi mafia.
I've addressed this in the past. Motorcycles and tuk tuks can be financed. Meters can't. The cost of these Meters relative to their pay depending on the country is typically 1 - 3 months salary. They're too expensive.
World Moto also addresses this in their 10K.
Yes. I was the first to post that here. Going cashless would be a good reason for Meters.
Yes. I just got back from Sri Lanka. I've also recently been to Thailand and Cambodia.
Mandating the use of Meters means more taxes paid to the government. It absolutely makes sense. The challenge is that most of these governments are corrupt and are already being paid off by the taxi operators to keep running as a cash business.
That is their business strategy. They state this in their 10K. They need regulation to be passed so that a government can subsidize the cost to the taxi operators.
That's the problem.
We are all left to guess. If you owned a company with great potential why would you do that. There is no valid reason I can think of. Being silent does not help the business.
I don't think it's about the $10 either. They don't answer emails, they have no phone, not active on FB or any other social media. I'm wondering if anyone is even paying attention. I don't think Mark Green is around any longer and Paul has never been accessible. I've never seen a CEO show so little interest in promoting his own company.
The only people talking about a buyout are the people on this board. Why are they talking about a buyout? Because ubermoto sounds like worldmoto. Jr, it's all just wishful thinking. There is no buyout.
Why is their website offline again? The company I work for makes $1.5B a year. We have a pretty amazing website that's never been suspended. Why? Because business depends on it. World Moto has stated since the beginning that due to its limited cash resources it intended to use social media to spread its message, to get the word out. It currently has no functioning website and hasn't been active on social media in nearly a year.
You're defending the indefensible.
Cueva, this happened almost 2 years ago
http://www.prnewswire.com/news-releases/world-moto-begins-moto-meter-production-with-krystal-microsystems-300120450.html