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They used to delete anything negative. Makes me wonder why those posts are still up.
Mark hasn't responded to me in months. His emails bounced back to me while the website was down but they are going through again now. I sent to invest@ and info@.
Reading the posts being left on FB it doesn't look like their account is being monitored any longer.
I tried contacting him through LinkedIn and also on the email address he used to register his domain names but he never responded.
India has states and territories. This article talks about a proposal in Maharashta to require Meters however I don't if it's been passed or implemented yet.
https://www.google.com/amp/www.hindustantimes.com/mumbai/transport-authorities-draft-plan-to-introduce-motorcycle-cabs-in-maharashtra/story-O2BgG6Z9PnUu8VUpLUP15N_amp.html
#30000
Who could forget this little nugget while we pretend World Moto was the victim of a stock promo.
http://promotionstocksecrets.com/net-profits-ten-inc-npft-soon-to-be-world-moto-inc/
The focal point for India should be the mandated use of meters as that is a roadblock for GPS Apps used by Uber and Ola. That does not mean World Moto will ever sell a meter there but it doesn't close the door on them either.
Don't forget the motorcycle taxi industry is currently an unregulated cash business. These operators won't willingly change without regulation.
Maybe, maybe not. These companies are running into regulatory issues in places like India because they use GPS instead of meters.
Successful businesses find a way to differentiate themselves from the competition. Since GPS is big issue with regulators it would seem like an easy fix for one company to adapt a meter that works with a Hailing App.
So far the main players in the motorcycle taxi arena are UberMoto, GoJek, GrabBike and Ola. There is more room to grow there pending the regulatory hurdles each of those companies are going through.
I found it. I've never seen that version of it before. The site it's posted on is 3 years old. All the other meter pics and vids look like this
http://www.designdirectory.com/princedesign/Motocycle-Taxi-Meter-Innovation-in-100-Years-Fastcompany?AspxAutoDetectCookieSupport=1
I guess I should have dumbed my question down a bit. What website did you find that pic on Col?
Where did you find that? It's redesigned from the previous model.
That would be a best case scenario if it were true. After 4 years of this company's reclusiveness and overtly vague PR's it's hard to have confidence in them.
I don't see any issue using a Virtual/shared office for their business. If what World Moto has disclosed is true and their Meters are ready for production they don't need a brick and mortar office. A Virtual office is a sensible way to save on overhead expenses.
The real issues are obvious. There is no way to contact them. Virtual offices like the one they have also offer answering services. There is no reasonable explanation as to why they aren't utilizing that.
The situation is pretty obvious. There are no sales being made when the company has no working phone number and our emails are being returned. Common sense.
How old is this?
Have you ever asked about the website? What about HailYes being used by Lyft and Uber?
They have no phone number. They are no longer responding to emails. They don't have a website. They are no longer updating social media sites. If we can't reach them then anyone wanting to purchase meters from them aren't reaching them either.
This is total BS. Mark Green doesn't communicate like that. I've received no correspondence from him since September.
Q's aren't audited. This board has become a complete farce.
The 10K was brought current so they could continue diluting the stock. They have no website, no phone number, no business license and they don't respond to emails or update any social media sites. If we can't contact World Moto then no investors are contacting them either.
You people talking about buyouts and great things happening are living in fantasy land.
There are plenty of pics of meters that have been produced.
Had to reread this article -
https://www.google.com/amp/www.proactiveinvestors.co.uk/companies/amp/news/122811
This talks about equipping rickshaws with Meters. No Moto taxis in Sri Lanka and currently metered rickshaws are only in Colombo and Negombo.
On a side note Sri Lanka had the world's tallest Christmas tree this year at 73 meters. Pretty cool to see!
The website has been suspended due to non payment. Non payment is the only reason a site is placed in suspense. Do you honestly think when you update a website it notifies people the account has been suspended?
Hello from Sri Lanka
I'm currently staying in the Galle Fort at the southern end of the island. Definitely worth the travel it's pretty exotic here. I hired a private driver to get around while I'm here who's a wealth of knowledge.
I'm curious to learn more about World Moto's Sri Lanka negotiations as there are no motorcycle taxis on the island. I didn't want that to be true but after he told me that I scanned through my Lonely Planet and sure enough the public transit only mentions autos, trains, buses and Tuk Tuks.
http://www.lonelyplanet.com/sri-lanka/transport/getting-around/local-transport
About 1/3rd of the Tuk Tuks are metered. So far I've seen 3 different types of meters but no Moto Meters. It would be great to get some clarification from World Moto that they are pursuing the Tuk Tuk market as that is the only market that exists here.
Col can you email and see if they will answer any questions about this? I'm here for another week I'll keep looking although I think any possibility of finding metered Tuk Tuks will mostly be in Colombo but also possibly in Kandy.
Their website has been suspended again.
It's what motivates me to go to work. I love traveling and seeing other cultures. My travels throughout SE Asia are why I initially bought stock in FARE.
Good source btw. I use LP for all my travels.
K10,000 is $7.50 for all day transport.
Good to know they have motorcycles now.
I was traveling around in Burma a few years ago exploring the old capital of Mandalay. I couldn't find any taxi's. But I did find a guy who had made an extra seat on the side of his bicycle with some wood and an extra wheel. I chatted him up and hired him for the day to peddle me around and show me the city.
He spent 8 hours peddling me around. At the end of the day I asked him how much he wanted and he wouldn't answer. Just kept saying whatever you think is fair. What's fair? $50? $20? I really didn't know. But since he wanted me to start I hit him up for $5. I thought that would be a good starting point and I hoped it wouldn't offend him.
I lost count at how many times he thanked me for $5. At least a dozen times. I couldn't believe how ecstatic he was that I gave him $5. As soon as I said goodbye to him I looked up average wages in Burma. Turns out I gave him a week's pay for one day of work.
I think many people are underestimating the cost burden of the Moto-meter in these poor countries.
Col the cost of a smart phone in the U.S. is much higher because we make more money than people in 3rd world countries. It is all relative to income.
A smart phone in Nigeria is about the same as a moto-meter
https://www.jumia.com.ng/smartphones
Same in Sri Lanka
https://ikman.lk/en/ads/mobile-phones-in-sri-lanka-429
People cannot afford to buy phones outright there. They sign service contracts just like we do here.
There is no financing available for a moto-meter. Assuming a person making $177 per month would pay cash $150 or $125 for a meter is unrealistic.
If a government in one of these countries does pass taxi regulation they will also have to subsidize the cost of the meters to the taxi companies. It's the only path that leads to large scale sales.
My point is you have to consider the cost vs their income. No one in Sri Lanka is going to pay an entire months income on a meter.
The average wage in the US is $3,700/mo. Do you think a person earning that would spend $3,700 on a taxi meter?
$5,000??
Here are several listings for tuk tuks in Lagos. The most expensive translated to USD is $1,895.
http://ikorodu.jiji.ng/motorcycles-and-scooters/new-piaggio-keke-tricycle-3843758.html?cur_pos=6&pos=6&page=1
This is from the 10K
Our products may be subject to price sensitivity in certain markets, which may negatively impact our revenues and operating results.
Our products, such as the Moto-Meter and Wheelies, will be offered in developing market economies. As a result, the Moto-Meter may be considered expensive for the small operators of moto-taxis, many of which are individually owned. Therefore, we may have issues in being able to establish a market for the products and penetrating the market as we try to expand it. To achieve market penetration, we may have to produce a lower cost models or reduce the price of our product offerings, the latter of which would curtail our anticipated margins and may have an adverse effect on our ability to operate and expand our business.
Why does it seem reasonable to you that a taxi operator would pay $150 for a meter?
The average Nigerian makes $480 USD per month.
The average Sri Lankan makes $177 USD per month.
To the Nigerian that's 1/3rd of his income. To the Sri Lankan it's nearly an entire month's income.
That is why the mandate is crucial to World Moto's success. It is unaffordable to the operators.
The devil is in the details. Or so they say.
http://www.zerohedge.com/news/2016-12-09/cash-no-longer-king-phasing-out-physical-money-has-begun
The last email I received from Mark was on 09/28. I have never been rude or disrespectful in my correspondence. He simply no longer responds.
I will, but first I have some unholy cash Christmas purchases to make.
I'm not a religious person but I would imagine a cashless society in biblical terms probably means a society where we don't have to pay for things? Like a Buddhist monk lifestyle?
Lol.. I think Modi is attempting to stomp out the tax cheats more so than catering to Christian Bible beliefs. Let me ask Vishnu, Shiva and Brahma what their take is.
Interesting times in India
India is attempting to advance an agenda of a cashless society. They have banned 500 and 1000 rupee notes and are currently raiding people's homes confiscating gold and jewelry. The 500 and 1000 notes account for 85% of the money supply. 500 rupees is equal to $7 USD.
Theoretically this would push the taxi industry into an app based payment structure as people will have to start paying with credit. We've been waiting for regulation of meters but banning cash could have the same effect.
Thanks. I'll be checking as many as I can while I'm there.