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today is classified as heavy volume. look at below pps. nickel eow. 4's and 3's next. maybe a fluff pr to get back to an 8 then a tank to a penny. they say 3rd week but when they say that it means the next so look to the last week for it to come out or after close that second to last friday. looking to get out even with the little pump that will come. what a waste of nearly two years locking up money in this turd. management blows and starting to look like they are bottom feeders. no products just ideas any one of us could do. better we just make our own company and launch a moto meter and wheelies. wouldn't take us nearly two years to get to market either.
i think you are right about orders. i doubt they have any. i can't see why this hasn't fallen to sub penny yet... any thoughts there?
it'll get back up there. just may take a year or more.
that would be quick. i was thinking that nickel hit would happen eow or next but you may be right. it'll likely hit the 4's though before this next fluff news that might bounce it up to a dime for a quick second. then new lows. i'll average down in low 5's and 4's for the pump this month so i can get out. too bad they can't get their shit together and seem to be worried about themselves rather than us.
is this cc going down today sometime??
close in mid 7's today probably 6's next week??? why don't you wait till next week and thereafter to keep buying? just curious
dumb question but why does the chart i have show a 5 cent move on a day back in april i think??? is that just an error?
nobody has anything to say about that s1???
it's nice you guys still believe there will actually be concrete "production" and/or "sales" news this month. wonder what happens with all you guys if the news is just another delay like we normally get.
smart move. should have done the same.
wtf? how can you tell if someone is thai or anything for that matter? what a dick thing to say.
i guess our ideas of tanking vary greatly
Just frustrated. I'm in it high enough now that I don't have a choice but to sit long. Makes me want to never trade stocks again. Not sure how I missed all this LOL.
You got it lol. So much for this pos not tanking.
you obviously haven't been reading. i agreed. the point is when do they catch up to wm's idea with a real product?
hope i'm wrong. and hope you guys can throw this all in my face.
oh, absolutely easy to dismiss. However, they have products. WM doesn't. Its just a matter of time till they have what WM does. I agree WM's "ideas" are superior. They just still have no product and no sales. Leads me to believe they have no demand in their market either.
what happens to wheelies when these guys do something similar??? http://www.lunasee.com/motorcycle-video/
have we already talked about this company??
i'm just as ignorant my friend. ;) its just my opinion. its weird we haven't heard from them and we are 3 weeks out on so called "production" news. everything happening is weird and it's all just my opinion. things just seem sketch to me now.
i'm betting a week end close of low 8's to high 7's. jeep guy makes a good point. no demand post/info. weird.
lol. look they have so much money they are opening up in amsterdam. another down day on positive news here we come.
Eco-Tek Worldwide CEO Speaks About the Company's Future Plans
Last update: 28/04/2014 11:00:47 am
Eco-Tek Worldwide CEO Speaks About the Company's Future Plans
TORONTO, ONTARIO--(Marketwired - Apr 28, 2014) - (OTCQB:ETEK)
I came to join Eco-Tek in June of 2013 and immediately recognized that it was a great little Company with truly fantastic products but, with the passing of its founder more than a year earlier, it had lost its direction. Even best lubricant in the world and the best oil cleaning system won't sell themselves.
Job one was to get more customers. A new team of seasoned professionals joined the Company, most them on performance based renumeration, and they had kicked up our sales. We have been achieving a 50% growth in sales per quarter and we are convinced that we can sustain this kind of growth in revenue for the foreseeable future. Next we had to increase our margins. Working with our suppliers and using smart cost controls we have brought our margins from low 30s to high 40s. Our distribution partners in North America were focused on smaller customers and our international success with larger customers in the mining, construction and transport sectors showed us that we should change up our distribution in North America. In April we started that process with North Dakota and we will add about 10 more distribution partners in North America over the next year. Overall Eco-Tek expects to have revenue of $2.2 million to $2.8 million in 2014.
Before I joined the Company, it became a public Company by way of an RTO. The group that arranged this fairly expensive process funded the Company by Convertible Promissory Notes and Promissory Notes. The Company borrowed about $900,000 over the course of last year to pay for its costs associated with filing, legal, accounting and audit work with regards to being a public Company. This group ceased to provide funds in August of 2013 and Eco-Tek has gone to the financial markets to obtain financing since that time. A large portion of the outstanding debt from the period up to August 2013 could have been converted into huge numbers of shares and the Company has taken steps to minimize the impact of this issue by changing out the notes that could have converted for many hundreds of millions of shares for ones that convert for only millions of shares. These conversions have occurred between December 2013 and March 2014 with little or no impact on our shares. The Company has also made arrangements with other note holders to convert their notes into preferred shares that will not impact the common share dilution. The Company also has about $475,000 in debt to the original founding shareholders and they have also agreed to convert to preferred shares. This action plan will take about three more months to complete and it has has two major benefits. One: it significantly reduces the potential dilution. While the total conversion number would vary with share market price, we believe that the overall impact of our action plan will have reduced dilution by about 1.3 billion shares. Two: it almost eliminates the Company debt, new debt excluded. We expect the fully diluted share number to be between 650 million and 750 million plus new shares attributable to stock options.
I and many of our senior staff are taking the major portion of our pay as stock options. This action has two large benefits for the Company. First it conserves cash, which is always a valuable commodity for a growing Company, and second its aligns the interests of our team with our shareholders. I like to have everybody in the canoe paddling with the Company.
The Company plans two more action items with regards to our share structure. First, in the next short while, we will file for a change in the Authorized Shares from 7 billion to 1 billion, and second, once we have completed the conversions and debt elimination as outlined above, we will commence a buyback program to reduce the total outstanding issued shares by about 250 million. We expect this program to take about a year.
Eco-Tek is a great little Company about to get much bigger. We were six hard working people in June of 2013 and we are now a strong team of twenty-seven that grows every month. We will still have our ups and downs but we are inspired by our recent successes and excited by our prospects. We expect to have bright future, make good money and have some fun. We invite you come along and help us on our journey.
Eco-Tek Group Inc. (OTCQB:ETEK)
About Eco-Tek Group Inc.:
Eco-Tek Group Inc., based in Toronto, Ontario was founded in 2009. Dedicated to the development and marketing innovative and cost effective "green" lubrication products for the transportation, industrial and marine industries and development by their experienced chemists and engineers with extensive knowledge in the science of lubrication and related studies. Eco-Tek Group Inc. is dedicated to formulating cutting edge products that make a significant contribution to the reduction of fossil fuel consumption while enhancing quality and performance.
Eco-Tek Group Inc. has marketed the company's products in Ontario for the past number of years and has established a solid base of highly satisfied customers. Recently Eco-Tek has established distributors in South America, and Europe and is now expanding its operations across North America and around the world.
Submitted on behalf of its board
Safe Harbor:
This press release may contain forward-looking statements with respect to business conducted by Eco-Tek Group Inc. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such forward-looking statements include those that express plan, anticipation, intent, contingency, goals, targets, or future developments and/or otherwise are not statements of historical fact. The words "potentially", "anticipate", "could", "calls for", and similar expressions also identify forward-looking statements. The Company does not undertake to update any forward-looking statements. Factors that could affect actual results include, without limitation, risks associated with: the Company's ability to successfully obtain patents for its technology and the adequacy of such patents; the introduction of competitive technology; the Company's ability to develop, manufacture, license, or sell its products or product candidates; the Company's ability to enter into and successfully execute any license and collaborative agreements; the adequacy of the Company's capital resources and cash flow projections, the Company's ability to obtain sufficient financing to maintain the Company's planned operations, or the risk of bankruptcy; other risks that may be described under Certain Risks and Uncertainties Related to the Company's Business, as contained in the forthcoming Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.F.
Eco-Tek Group Inc.
Stephen Tunks
President
1-888-970-3265 TOLL-FREE
Info@ecotekworldwide.com
wow this is ridiculous. down over 5.5% today so far. i guess i just don't understand this stock. nothing but good news and all this. earnings this week yeah? christ.
Eco-Tek Worldwide Provides Information With Regards to the Late 10K
Last update: 28/04/2014 6:30:50 am
Eco-Tek Worldwide Provides Information With Regards to the Late 10K
TORONTO, ONTARIO--(Marketwired - Apr 28, 2014) - Eco-Tek (OTCQB:ETEK) operates two subsidiaries. Our Toronto group focuses on lubricant and oil products and does most of its business in the Greater Toronto Area. It has hundreds of transactions with retail stores like Midas, Goodyear and Speedy and the average invoice is in the hundreds of dollars. This operation has had its books ready on time. The Canada operation works from Ottawa and deals with our distribution customers in countries around the world and with our growing list of distributors in North America. It has a few dozen invoices that average in the tens of thousands of dollars. The papers and files for this operation are fine and complete. The accounting group performing the electronic entries were not up to the task and they have been replaced. Eco-Tek has brought in a Certified General Accountant to perform this bookkeeping function and have retained their services on an ongoing basis. They will consolidate the accounts and pass the completed work product to the Auditors this week. The Audit team has indicated that they will be ready to file one to two weeks thereafter.
The impact on the late filing on the Company's ongoing business is nil. The impact on the Company's stock is only that we cannot issue any new shares until the 10K is filed.
Eco-Tek is a great little company with a bright future. We are maintaining growth at about 50% per quarter and that stretches us a little thin sometimes. We make a few mistakes, fix them and try to make different ones next quarter. We get better each time. These filings will get done. The next ones will also get done. Meanwhile, the business continues to grow and our prospects continue to get better.
About Eco-Tek Group Inc.:
Eco-Tek Group Inc., based in Toronto, Ontario was founded in 2009. Dedicated to the development and marketing innovative and cost effective "green" lubrication products for the transportation, industrial and marine industries and development by their experienced chemists and engineers with extensive knowledge in the science of lubrication and related studies. Eco-Tek Group Inc. is dedicated to formulating cutting edge products that make a significant contribution to the reduction of fossil fuel consumption while enhancing quality and performance.
Eco-Tek Group Inc. has marketed the company's products in Ontario for the past number of years and has established a solid base of highly satisfied customers. Recently Eco-Tek has established distributors in South America, and Europe and is now expanding its operations across North America and around the world.
Submitted on behalf of its board
Safe Harbor:
This press release may contain forward-looking statements with respect to business conducted by Eco-Tek Group Inc. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such forward-looking statements include those that express plan, anticipation, intent, contingency, goals, targets, or future developments and/or otherwise are not statements of historical fact. The words "potentially", "anticipate", "could", "calls for", and similar expressions also identify forward-looking statements. The Company does not undertake to update any forward-looking statements. Factors that could affect actual results include, without limitation, risks associated with: the Company's ability to successfully obtain patents for its technology and the adequacy of such patents; the introduction of competitive technology; the Company's ability to develop, manufacture, license, or sell its products or product candidates; the Company's ability to enter into and successfully execute any license and collaborative agreements; the adequacy of the Company's capital resources and cash flow projections, the Company's ability to obtain sufficient financing to maintain the Company's planned operations, or the risk of bankruptcy; other risks that may be described under Certain Risks and Uncertainties Related to the Company's Business, as contained in the forthcoming Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.F.
Eco-Tek Group Inc.
Stephen Tunks
President
1-888-970-3265 TOLL-FREE
Info@ecotekworldwide.com
www.ecotekworldwide.com
(MORE TO FOLLOW) Dow Jones Newswires
April 28, 2014 08:30 ET (12:30 GMT)
yeah ok but you still have no answer either. i've been here when there was only a couple people posting and have this thing sub 2's. just asking a question man. don't get your knickers in a twist.
so if it doesn't hit by may i guess i just don't know what that means for us as shareholders???? i just loose everything i have then?
I thought there was some rule stating this has to be penny by may??? that isn't going to happen now. so now what?
don't kid yourself man. we all agree they have potential to nail a buck but that gets farther away each month they go with no products out and no sales. and you are right a whole multitude of things could drive this. that means just as you think it can rise so quickly it can also drop to sub penny levels since they have nothing as of right now. i already said before there are other companies penny or sub penny that are making revenues. WM isn't and its scary where it is. and it is also important about the salary because that is wasted capital in my opinion. why should he ( or any of them ) be overpaid when they can't even do they're basic jobs and get filings out on time???
we'll be lucky to see the 10 by close on friday. confidence on it is now long lost. there is no bs excuse to be late like this. there is plenty of time to have these things done beforehand. anything else is a lack of leadership. say what you will, but that is the bottom line. and what happens next time he's late? there isn't going to be a "we switched" excuse to use again. not bashing but this being late thing is quite absurd. whether it comes today or next week its still late. i'm guessing we will all be buying some 5's and 4's before we see it drop though.
so much for that ;)
agreed. entirely too much salary for these guys imo.
say what you will but we all know the 10 is well past late. this should be no surprise to anyone.
News.
Moto-Meter(TM) Granted a Patent in Morocco Until 2033
Last update: 21/04/2014 5:57:19 am
Moto-Meter(TM) Granted a Patent in Morocco Until 2033
NEW YORK, NY--(Marketwired - Apr 21, 2014) - World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY) ("World Moto" or the "Company") is pleased to announce that it has been awarded a patent on the Moto-Meter(TM) technology until 2033 in Morocco. Changing the way the world goes around, World Moto is a global authority on the $500 billion dollar a year motorcycle taxi industry and inventor of the Moto-Meter(TM), Wheelies(TM), and Yes(TM).
Africa is home to the highest population of motorcycle taxis on earth, where vast fleets ply the streets to provide essential mobility for up to half a billion people each day. World Moto's success in securing patent protection for the Moto-Meter(TM) in Africa's 1st, 2nd, and 5th largest economies (Nigeria, South Africa, and Morocco, respectively), gives it a commanding position to access the vast opportunities from the Mediterranean Sea in the north all the way south to Cape Town.
World Moto has filed for patent prosecution of its Moto-Meter(TM) technology in 61 countries throughout Asia, Africa, Europe and the Americas. These countries were carefully selected to cover most of the world's mototaxi and autorickshaw fleets and population. Morocco granted the patent as filed, with no changes or office actions required on any of its 28 claims, and will remain in force until March 6th, 2033. Nigeria was the first locality to complete its investigations and issue a patent. Mexico and South Africa were the second and third countries, respectively, to grant or signal their intention to grant a patent. Together these four countries have 380 million people or 5% of the world's population. The remaining 57 countries are currently in the substantive evaluation period and are expected to complete their investigations within the next four years. Based on its success in Nigeria, Mexico, South Africa, and Morocco, and its original favorable review from the Patent Cooperation Treaty Examiner, the Company expects ultimately to be awarded a patent in every targeted jurisdiction.
Morocco is one of many countries where distributors have expressed strong interest in the Moto-Meter(TM).
About Morocco: Morocco, officially the Kingdom of Morocco, is a country in North Africa, bordering the North Atlantic Ocean and the Mediterranean Sea. Morocco has a population of over 33 million; its largest city is its main port, Casablanca. A historically prominent regional power, Morocco is a major tourist destination and home to many multinational companies attracted by Morocco's geographical and cultural proximity to Europe. Morocco is a major player in the African economic affairs, and is the 5th African economy by GDP (PPP). Morocco is a member of the World Trade Organization and included in the European Union's European Neighbourhood Policy (ENP).
Note that the World Bank estimates that the numbers of motorcycle taxis will increase by more than 50% over the next five years. Also note that saturation of the Moto-Meter(TM) is projected to reach 100% within three years of introduction in any given market and that its life expectancy/repurchase cycle is estimated at three years. Market estimates do not include potential revenue from the Company's other products and services, such as the Wheelies(TM), Yes(TM), mobile commerce, advertising, accessories, servicing, calibration and all associated offerings.
World Moto CEO Paul Giles stated, "Once again, the economic value of our Moto-Meter(TM) patent is enormous. Just the single continent of Africa has the ability to generate well over $20 billion in Moto-Meter(TM) purchases alone during the patent's lifetime. Now with protection in the 1st, 2nd, and 5th largest African economies and the remainder of the applicant countries expected to follow, the Company is looking forward to sales from this region in the coming year, and the positive affect this technology will offer the people of Africa."
Copy of Moto-Meter(TM) patent for Morocco is posted at www.facebook.com/worldmoto
About World Moto
World Moto, Inc. is the global authority on the $500 billion a year motorcycle taxi industry and creator of the Moto-Meter(TM), Wheelies(TM), and Yes(TM).
Products/Services:
The Moto-Meter(TM) is a landmark device that CNN, Newsweek, Wired, Moneylife, among others, are calling "the world's first motorcycle taxi meter" and "world's first portable taxi meter" and "first-ever black box for motorcycles," while the Times named it "one of the most significant innovations of this decade" and Fast Company declared it "The First Real Taxi Meter Innovation in 100 Years... a $3 billion dollar idea."
Wheelies(TM) display static and streaming media on the wheels of motorcycles and automobiles, providing a unique and beautiful new mobile medium for advertising, broadcasting, self expression and publishing. According to Fast Company, Wheelies(TM) "invents a new kind of screen -- and one that's potentially ubiquitous... It's best seen to be believed."
Yes(TM) is a personal retail and delivery service that makes local commerce as convenient as the Internet. Simply tap an app and get refreshments, toothpaste, diapers and other necessities delivered anywhere in less than 15 minutes. Yes(TM) is your e-service.
Videos:
Moto-Meter(TM): http://www.worldmoto.com/videos.php
Wheelies(TM): http://www.evenbiggerthing.com
Yes(TM): http://www.worldmoto.com/yes.php
To find out more about World Moto, Inc. (OTCBB: FARE) (OTCQB: FARE) (BERLIN: WM7) (BERLIN: A1J8SY), please visit:
Website: http://www.worldmoto.com
Facebook: http://www.facebook.com/worldmoto
Details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's EDGAR database.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the United States Securities Act of 1933, as amended and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, use of proceeds and size of market for Moto-Meter. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Media Inquiries
Email Contact
Investor Inquiries
World Moto, Inc.
Investor Relations
Telephone: (646) 810-8781
Email Contact
(MORE TO FOLLOW) Dow Jones Newswires
April 21, 2014 07:57 ET (11:57 GMT)
no bro.... i don't want them at a nickel again. I just think that is where they are headed with all things considered.
My deleted post wasn't towards you man. It was to patternseeker. Apparently he is the only one allowed to talk trash on here to you, jeep guy or whomever without having posts deleted. He gets it back and you guys delete my post. I know you have been right with this stuff and I agree on most of your points, so I'm not sure how/where I offended you..
right because you are the one doing all the buying. should be a discount for you. what a tool. you add nothing to this board. surprised mods are still letting you post here. clown.
"Accordingly, we expect to continue to use debt and equity financing to fund operations for the next twelve months, as we look to expand our asset base and fund marketing, development and distribution of our products."
yep my thoughts exactly. also will re note what the general said that they have no plans on revenues in the next 12 months. i'm doing the same and selling my position and will revisit sometime in the future. sorry for being a terd the last few days but this copmany with this management team is going no where fast. back to lows in the next few months in my opinion. good luck to you guys.
if these guys really are getting their product out and making some good dough i don't see why this can't go to .50 and i dont think it has to take two years to get there either. any thoughts on this other than the run up would be a huge percentage gain??
thats exactly what i've been saying.... make some then send them over.... when did i say anything different? the point here is to make the damn things. hell make anything at this point. and they need another 2mil to operate this year too. call it a mil since they locked up the first one already.