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Have to agree with Sewer. 3+ years waiting for WM to bring products to market, they claim they have but don't file a 10K to report it. The company is doing this to themselves.
Thanks for this.
If Lisa leaving is the reason the 10K hasn't been filed then why wasn't that stated in the 12b-25. Why hasn't an 8K been filed stating she resigned.
Too many things don't add up with this company.
Ah I see what you're saying. I missed the last part of your post. Thanks
30 calendar days would be Sunday May 15th.
If you are right and WM had 30 days from the 15 day extension the 10K would need to be filed today.
Deadline was March 31st. It's 42 days past due.
Congratulations georgelars1 you win the Academic Decathlon award
World Moto has 3 separate filings with the Nevada Corporation Commission.
World Moto Inc just went into default on 03/31/16.
World Moto Holdings Corp is current.
World Moto Technologies Corp is current.
The Corp in default is registered in New York. The other 2 that are current are registered in Thailand.
How about renewing a business license. Does that take longer too?
So you're saying WM can continue not filing annual and quarterly reports and not face delisting?
What comments?
The comment about not soliciting business in Africa was the whopper of the day!
World Moto's 10K will tell us whether we can believe the PR's and emails or not. I agreed to play nice until then.
It doesn't matter what I believe it only matters what I know. I know we were told sales would happen in 2013. We all invested and to date there hasn't been any reported sales.
I wasn't bashing the company with my comment it was a basic observation. If WM was on the verge of breakout with millions in revenue people would take notice and invest. The pps would be higher than it is today.
If this company is on the verge of making tens of millions of dollars why is the stock worth a fraction of a penny? Do you really think nobody else out there recognizes an opportunity like this?
Col where are you getting this info that Paul invested $1 million of his own money into this company?
He is paying himself a salary from loans taken out against the company. What are you not getting about how wrong that is?
Per FINRA if you miss two filings in a 24 month period your stock is delisted
Re PM Thank you!
Quote from the article 3.5 years ago
Nigeria is one of many countries where distributors, moto taxi operators, and officials have expressed strong interest in the Moto-Meter, and feedback from initial discussions has been entirely positive. Establishing a physical presence in the city is now essential for the Company as it enters the process of formalizing these discussions into a clear plan to introduce the Moto-Meter into Lagos and cities across Africa. World Moto intends to commence shipping inventory to this part of Africa by the third quarter of 2013.
They stated they were soliciting business in Africa. They have a presence in Nigeria. They will be shipping inventory by the 3rd quarter of 2013.
I guess World Moto missed the memo where they opened a regional office in Lagos to solicit business.
http://www.marketwired.com/press-release/world-moto-inc-opens-north-african-regional-office-lagos-nigeria-150-million-market-otcbb-fare-1743053.htm
Strong hold = big loss = firm grip
No manipulation needed. Just don't file the 10K. The pps will drop due to lack of confidence in the company.
I'm guessing you know more about this topic than I do but from what I've read FINRA reverts to the initial filing deadline. Non EDGAR filers are given 60 days but I'm not sure how that works when a company operating in Thailand was incorporated in the U.S.
What does a fifth character "E" indicate for an OTCBB security?
The fifth character "E" on an OTCBB trading symbol indicates that FINRA does not have information which demonstrates that the issuer of the security is compliant with the filing requirements of Rule 6530, either because the issuer is delinquent in the required filings, has filed an incomplete filing, or, for non-EDGAR filers, such as banks filing with the Office of the Comptroller of the Currency and certain insurance companies, where FINRA has not been provided a copy of the most recent filing.
The purpose of appending an "E" to the security symbol is to alert all interested parties that the security will be removed from the OTCBB unless evidence of compliance is provided prior to the end of the applicable grace period (30 days for EDGAR filers, 60 days for non-EDGAR filers). Anyone possessing evidence of compliance with Rule 6530 may provide that information by contacting FINRA Market Operations.
- See more at: http://www.finra.org/industry/faq-otcbb-frequently-asked-questions#sthash.Wiz9ewYC.dpuf
finra.org
Aren't we officially over 30 days at this point? CFO or no CFO they need to file their reports.
If World Moto was a P&D I don't believe they would file patents like this
http://patents.justia.com/patent/20130006722
http://www.google.im/patents/US20130006722
Her title was Secretary and Treasurer. Her LinkedIn profile says she's a CPA. I couldn't find anyone in their filings listed as CFO.
World Moto's CPA left when the 10K was due. I don't know what impact this has on filing, GBH CPA's are listed as World Moto's independent accounting firm
http://www.gbhcpas.com/accounting-firm/contact-us
I asked Patrick about possible SEC actions against them for not filing and this was his response
'There are no SEC violations per se. As we are trading on the OTC Markets, there are different rules. See http://www.otcmarkets.com/learn/otc-market-tiers - note that this doesn’t mean any changes in the way that the stock is traded.'
Thanks Col
I just received the same response from him.
Has anyone had an email reply from Patrick lately?
Thanks.
Here on iHub. I haven't seen that designation before.
Does anyone know why the PL was added to the stock symbol today?
World Moto, Inc. (PL (FAREE)
You don't think a positive PR to counter a not so positive 10K is a probable strategy for WM? I wouldn't be surprised to see this but it certainly wouldn't be because of a couple $1,300 stock purchases.
I read about the Start Smiling campaign about two years ago but haven't heard any recent news. Their FB page hasn't been updated since December. What news are you looking at?
This is what I found on late filing
"However, if a company fails to file the missing report within the extended time period, no further extensions will be available and the SEC will consider the company to be delinquent as of the original due date of such report and is less likely to provide relief for the missed filing. For instance, if a company misses the extended deadline for a 10-K by a day, the SEC will consider the company to be delinquent for 16 days, not just one day."
http://www.lexology.com/library/detail.aspx?g=55c21e49-088b-4d06-ac42-dd1da71bb1f0
Thanks for sending this. World Moto was incorporated in Nevada so I believe they are still considered a U.S. company. Does anyone else know the answer? If that's the case they could potentially be dropped from the exchanges by this weekend?
The 10K will be 30 days late on Friday. At what point will they start facing penalties for not filing?
There hasn't been any news of the Moto Meter running in Bangkok.
Ok Col
I will bite my tongue until the 10K comes out.
HailYes
I just checked the area again. Same 22 cars in the same place. Something isn't right with this.