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True. I wasn't able to inspect 6,000 tuk tuks. I also only went to Seim Reap and didn't make it to Phnom Penh.
I'm guessing I'm the only person on our board who's been to Cambodia in the last 12 months who's able to share what I saw and I didn't see anyone using meters.
Col
Have they mentioned anything about Sri Lanka? I'll be there on the 16th. I fly into Colombo and have 10 days to check around.
If you read the link to the site you attached it says there's a different charge for locals and foreigners so there isn't a set fare. I was in Cambodia in January. No Meters.
I tried using HailYes when I was in Bangkok in December 2015. Never worked. I tried using it every couple weeks thereafter and it never worked. The app showed available cars but over time I noticed they never moved and were the same cars every time I logged in. The app also never allowed for a credit card function.
Now the app is no longer available.
I have emailed Mark twice and he has never responded to my questions about HailYes. These all sound like bad things to me. I'm not sure how they seem positive to others.
Ya man!
Idk Sewer.
I emailed Mark a few weeks ago when I noticed the app was no longer available on the App Store. I never received a response back from him. Now Uber and Lyft have a Hail Yes app. Who knows. I know some will speculate about a buyout. For those who do it looks like HailYes is still available for Android so I'm having a hard time making a connection. Seems very coincidental that World Moto's app disappeared and now Uber and Lyft have one with the same name. Unfortunately my opinion is a coincidence is all it is.
I'd love to hear otherwise but World Moto never communicates. I'm in the Cayman Islands for a Caribbean Thanksgiving. Saw this and thought I'd share.
The Meter was ready to go back in 2011. They said so in their PR's.
50+ million shares this week. How many next week? That's only $30K. They signed $600K in notes last year that will be converted to stock and sold.
You said the same thing last year. And the year before that. And the year before that.
Have you had any contact with World Moto lately?
That would be the ideal situation. Unfortunately they have already established their path of toxic death spiral financing to raise capital. I will agree with Joe that this is a terrible management decision.
They also said they sold all of the first run. Per the motherboard pic on FB I counted at least 85 units. They reported $1,500 in revenue. Do that math.
Remember that was info on the 10K meaning they claimed they sold the units in 2015.
As companies like Union Capital flood the market with shares you have an opportunity to buy tens of millions of shares. There is practically no limit to how much you can buy.
The question of the day is what are you going to do with them? I've had my stock for nearly 4 years and it has only decreased in value. Buying stock and then selling for a loss so you can have a bigger write off isn't sound money management.
Check out the manipulation of trades today. More conversions being made and silence from the company.
I'm assuming he is under the impression he can write off the current loss of his holdings which you cannot do. Maybe patternseeker thinks this way too. His posts on this topic never make sense either.
I've written Mark twice in the last couple weeks with no response. Anyone else heard from him lately?
That doesn't make sense. You would only have a write off if you sold your shares for a loss.
30+ million shares since Monday is definitely not a coincidence.
I think the answer is obvious and I've stated it several times.
World Moto's hail mary will be government regulations and if they happen they will have the only moto-meter of it's kind to pitch.
If and until that happens they will keep diluting the stock to pay themselves and the hard money lenders.
You can claim bad management all you want but the fact is their business model relies on regulation that hasn't passed yet. I would agree it was a bad management decision to sign for the toxic financing.
According to the 10K the actual cost to file was around 43K.
The 100K estimate was a made up guess just like all the secret government contracts that haven't been disclosed yet
Ok. How do they do that when the cost of the meter is so expensive relative to the areas they wish to serve?
If you had bought your shares at a 60% discount and then sold them you would have made a nice profit like the loan sharks who made the loans to World Moto did.
But you didn't. And that's the difference.
You can't wait 8 years for a tech idea to break. 8 years ago my laptop weighed about 10 lbs. The difference is Dell had 8 years of strong sales to keep updating.
World Moto is hoping to cash in on government regulations when and if they ever happen. Looks like they will, maybe, someday. Until then the plan is to continue diluting the stock with toxic financing which in turn pays their salaries. If they cash in on regulation then it's a huge pay day. If not they made great money financing debt for profit.
And that folks, is where we're at. Don't expect any revenue in the upcoming Q's. Don't expect any revenue until you actually read regulations have passed and contracts have been made. Pretty easy to see what's going on.
All the 10K affirms is they took on more debt and had no revs.
It also reaffirms the company's reliance on regulation and mandates which we know through today's date this has not happened. Based on what we know it's safe to assume there are no revs on the soon to be released Q's.
My posts about World Moto have been spot on and this one will be as well.
As of November 7, 2016, there were 1,490,145,045 shares of common stock outstanding.
The 10K states the company has 2 employees. Paul and Chris. So who is Mark Green?
I've been saying this for 2 years. Although the 10K says so far in 2016 Paul has only been paid around $20K USD.
My post from 04/21/16
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122100978
Total revs for 2015 = $1,521
'As of November 7, 2016, there were 17 shareholders of record of our common stock'
I bought the iPhone 7 a few weeks ago and I just noticed the HailYes App did not transfer over. I searched the App Store and it is no longer available. I went back to the original Market Wired PR for the app and clicked on the App Store link, no longer available.
Safe to say Wheelies and HailYes are dead. After a year of waiting it sounds like this week we will finally see what the fate of the company is.
I will be happy to see World Moto act like a legitimate company. That is after all why so many have such a negative sentiment.
Keep in mind the 10K will only bring us current through 4th Q 2015. Good to see it's been filed.
You guys actually READ the previous SEC filings right? As in open the page and read the whole filing?
Anyone who has already understands why this company hasn't sold a bunch of meters and it has nothing to do with a drug charge from the 80's or laziness.
It's spelled out in the filings. It's straight from World Moto. Their business platform relies on government regulation of the motorcycle taxi industry. It relies on governments subsidizing the cost of the meter after mandated use has been passed. The cost of the meter relative to the market they are hoping to sell in is sky high.
None of this has happened yet. All you have to do is read what World Moto disclosed to everyone over and over again.
The manipulators must be the same people who play .05 slots at the casinos.
There is a seller and buyer in every transaction.
I thought FARE couldn't be shorted with a STOP?
Since pattern won't answer my question would anyone else like to explain his theory?
Why does World Moto need our shares when they are sitting on nearly 3 billion authorized shares that haven't hit the market yet?
How will they magically sell a million meters after they have bought all of our shares back?
How does sitting on outdated technology make it worth more in the future?
Can anyone site an example of a company that produced a product but refused to sell it until they crashed the stock price and washed investors out instead of selling the products that brought investment into the company?
It sounds like you are unfamiliar with this company's past.
There is no manipulation happening here. You need to research toxic death spiral financing. Convertible debentures. This is how World Moto raised capital to meet cash flow needs. The key in signing toxic notes like these is you need to be making revenues when the notes come due. That didn't happen and now we're seeing the notes converted to shares to meet their financial obligations. That is share dilution resulting in a worthless share price.
The only manipulation we have ever seen is World Moto promising we are 'almost there' for the last 5 years. In 12 days it will have been 1 full year since World Moto released their last financial statement. A PR in Oct 2015 stated they are now shipping meters with no mention of sales since and no filings to validate their claim.
The goal here is to sell meters and make money. This is the 4th year that you've claimed World Moto is purposefully not selling products to instead run a tax haven.
I dare you to give a logical explanation as to why they want our shares when there are close to 3 billion authorized shares waiting to hit the market.
September is spelled wrong?