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I agree with you Col. Sales and revenue will impact the pps positively.
You do realize that nothing WM says can be verified until April now right? That means KABOOM has a 4 month wick, if there are sales to verify.
Sell volume = downward pressure on pricing.
Here's the question of the day
Why are World Moto's SEC filings ignored on this board and private unverifiable emails regarded as the holy grail?
There is one thing I believe whole heartedly as should every shareholder on this board. If World Moto had revenues we would already know about it. Anyone who thinks otherwise I believe is sadly mistaken.
Facts don't matter here.
They are not counting on revenues. I posted this on 11/23 and it is cut and pasted from the latest SEC filing to which amazingly some people choose to ignore.
...Given our cash position of $1,100 as of November 18, 2015, and the proceeds from our convertible debt and equity financings, management believes that our cash on hand and working capital are sufficient to meet our current anticipated cash requirements through November 25, 2015...
...We are targeting an additional $500,000 over the next 12 months in additional working capital...
...Accordingly, we expect to continue to use debt and equity financing to fund operations for the next twelve months...
It's straight from World Moto. They are counting on debt and equity financing to pay their salaries.
They have intentionally withheld any alleged sales and have outright stated they need more toxic financing to pay the bills.
I realize what everyone's opinions are. I'd like to hear it from him.
Hi georgelars1
You have a few of us curious as to why Patrick Smythe said the NY office isn't staffed. Are you affiliated with WM?
Sell volume = downward pressure on pricing.
Correct
Look at the bid to ask. Bid volume is sell volume because it has the potential to move the pps down.
Nearly all volume on the sell side today.
History tells the story a little differently than described. Here is the news article for you all to read and draw your own conclusions.
http://www.newsweek.com/sex-bets-and-bikers-168350
I did the same thing.
The address he quoted is the same address listed on World Moto's website.
I believe you
meant to say cosa nostra. Which doesn't really exist anyway just a bunch of wise guys working in construction and waste disposal.
Nov 11th - in response to my question regarding KCSA
Dear Xxx
World Moto has decided to take back the IR and PR functions internally.
Regards
Patrick Smyth - Corporate Advisor
www.worldmoto.com | World Moto Inc. | OTC: FARE
I don't think you're short and I have no reason not to believe you. My point was only that we should keep everything in perspective until news comes out.
Hard to say.
The product is a great idea but as many have pointed out WM has to get in front of the toxic financing they signed up for.
Wake
Always have to play the devils advocate. No way to know who George is as his profile was just recently created and we heard from him for the first time 4 days ago. If he is an employee it's the first time a WM employee has stated so while posting on this board in the 3 years I've been here.
Opinions on this board are as divided as US politics. Everyone has an opinion and everyone believes firmly theirs is right.
Col
I would love nothing more. Great Xmas present while I'm sitting on the beach in Koh Pha Ngan.
In all fairness
George could be a short in disguise. It's all here say until we see verifiable news.
George Townsend founded the original Motometer which sold 10,000,000 units in 1912.
Did anyone get my Townsend reference? I thought someone would respond to that....
Wake
Your posts are great, thank you for that!
World Moto has already publicly stated they are filling orders and shipping meters so his comments are not new. Patrick Smythe indicated management would consider releasing numbers prior to the next Q. His comments aren't violating anything.
Thank you George.
Thank you from all of us who have invested in World Moto. We are excited to read the upcoming news.
I've been waiting for three years. I'm getting good at waiting.
It would be awesome of you George, outstanding if I may, if you could enlighten us on how you know news was supposed to be out today.
.0018 would suggest many others agree.
Your last name clearly is not Townsend!
Where is the big news?
I understand and appreciate you posting these.
What I don't understand is why all of our updates are not coming direct from WM.
You can post 20 emails a day from him
Unverifiable emails are the reason the pps sits at .0019.
WM is withholding sales data.
Why
It's 11/24/15
Where is the big announcement
I'm still hopeful dkl. Just disappointed.
Rich Pharmaceuticals has been ever so quiet on the PR front about their intellectual property - so is World Moto.
The Company balance sheet.. still looks like one of a company in the business of developing, manufacturing, and selling small boilers aimed at farmers primarily in Southeast Asia – their former business plan when they were still Nepia Inc - Netprofitsten was in business to produce digital yearbooks before it merged and purchased the intellectual property of World Moto.
Rich Pharmaceuticals increased the authorized common shares - check
416.7 for 1 forward stock split - check
With no funds to move forward, a spammed promotional campaign hit - check
When that failed to be productive, Rich Pharmaceuticals turned to Asher Enterprises - check
Rich Pharmaceuticals Inc. is non-revenue generating - check
Hopes are high for many that the momentum can continue - check
RCHA's current value is zero - World Moto....?
Selling wouldn't benefit me I'm down 91%. I recently hedged myself in case WM can say something positive enough to get back to green but c'mon. Hard not to look at RCHA and wonder.
Yes Sujitta I see the trends you look for.
They are withholding information from share holders
Why
Here is some fun reading
From the 10Q
On March 26, 2015, the Company entered into a convertible note with Macallan Partners for an aggregate principal amount of $112,000 with a $12,000 OID and $7,500 in deferred financing costs for broker fees.
On Feb 5th 2015 Aim High Profits published this piece on RCHA which discusses the financing it received from KBM Worldwide (connected to Asher Enterprises aka Curt Kramer) and Macallan Partners. http://www.aimhighprofits.com/rich-pharmaceuticals-inc-rcha-stock-defies-gravity-2015-32714
Here is the latest 10Q and pps for RCHA http://biz.yahoo.com/e/151123/rcha10-q.html http://finance.yahoo.com/q?s=RCHA
Read the Aim High Profits article and tell me the whole thing doesn't sound eerily similar to netprofitsten and world moto.
The other mods
are always open to discussion. Were my questions too hard to answer?
Here is the answer to one of my questions and of course the answer makes it unverifiable for 4 more months
Revenue Recognition
The Company recognizes revenue only when all of the following criteria have been met:
. Delivery has occurred or services have been rendered
I think this says it all
Given our cash position of $1,100 as of November 18, 2015, and the proceeds from our convertible debt and equity financings, management believes that our cash on hand and working capital are sufficient to meet our current anticipated cash requirements through November 25, 2015...
...We are targeting an additional $500,000 over the next 12 months in additional working capital...
...Accordingly, we expect to continue to use debt and equity financing to fund operations for the next twelve months...
The only item missing is the expectation of revenues in the 4th quarter or at all in 2016.
In previous posts you stated Aegis had first right of refusal to additional financing. How does this work? Is Curt Kramer able to control this because he now has an ownership stake?
So this toxic death spiral share diluting penny stock financier now owns 10% of WM?
Stocksgonewild.. Please add this question to the rest -
Why does WM continue to seek toxic financing that dilutes shareholder value if sales are revenues are imminent?
Yes it is a statement of ownership.
Can someone please explain what I'm reading here?
http://ih.advfn.com/p.php?pid=nmona&article=69411086
Thanks for this.
It would be nice to know if WM is competitive with costs. In a previous email to Col317 they quoted $2.00 for the Bangkok market which is much different than Indonesia.
Too bad WM was not listed as one of the three already operating there. I like the concept of catering to female riders I wonder if WM has considered a similar model.