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How specifically do you know that?
They let their license go into default. It stayed that way for a year and then it was revoked. They let their website go. They didn't just take it down they gave up their domain name. They shut off their phone. They no longer have email accounts.
If a woman did these things to you, you would know you've been dumped.
The company is gone.
Sri Lanka mandated the use of the meter. A Sri Lankan company was there ready to fill the need for meters.
In India the only known meters in use were made by Pulsar Technologies.
2 mandates. 2 companies that sprang up to fill the need. The Moto Meter looks like it's top notch. Like they're trying to sell a BMW to a taxi company who needs a fleet of Prius's.
There is no company and there are no sales. No one is selling the meter or it's patents.
The reason these posts all sound the same, thee reason there's never anything new is because the company folded. It's gone. Done.
Sahara is an Arabic word for desert. You don't call it the desert desert. You call it the Sahara.
You nailed it Cueva. A patents value is based on revenue the product generates. What seems like a great idea has no value until it's received positively by the public with sales.
That's the missing piece. No sales ever = little to no value. That could change with some contracts and sales but there is no longer a company who can make deals. They're gone.
I noticed that too. Link Lanka is offering financing for their meters. Another component WM never figured out to make it affordable to the end buyer.
No doubt the funding continued from June through at least March.
It's another form T trade.
Yesterday you said there are no new people, it's the same 12 people posting. Now today you talk about new people on the board. You should take your own advise and find a story to stick to.
Sujitta answered this question here
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=132834400
People want to believe the recent activity is related to insider trading. We know the company has massive debt that's being converted.
I'm smart enough to admit Sujitta knows more about shorting and trading stocks than I do and I know this company has never traded large volume without news.
I think everyone would like to see something positive posted here that could be verified.
Comments like 'Uber is buying World Moto', 'World Moto is in great shape' and 'World Moto is worth a billion dollars' are fake news if you can't provide facts to back them up.
I'm not going to list everything.
That's because you have nothing to list.
My post was pretty clear. Provide evidence of what you claim to be true.
I have provided evidence of everything I've said. World Moto is out of business. They have no way to contact them and they haven't been active on social media since last year. It no longer has an LLC they let it go. They have never sold any meters.
These are called facts. The only response you have is 'soon' and kaboomb'. These are not facts. This you being you and not providing anything to back up your claims that WM is even a functioning company.
I don't know who has it out for Mike. That guy can't get anything to stick.
Clearly a few of us are a little salty over this company. I'll let Sewer defend himself but I know the guy invested 60K+ into this company. Can't say I blame him for a bad attitude. If there was anything legitimate about WM they could at least communicate through FB. 5 months ago someone told you they were still alive on their YouTube channel. But they can't say one word on FB?
My posts get deleted all the time. Pretty sure it isn't Sewer.
It's hilarious the two of you don't understand an answer.
People like you who think a non existent company has patents worth billions of dollars and a meter that's going to revolutionize the world are still buying the stock.
Then Sujitta answered your question. The note holders are purchasing the stock.
Your question has been answered twice now.
My point exactly. To believe in FARE is to believe in the unknown and unverifiable. If there were a bigger picture there would be evidence to verify. But there isn't.
The obvious answer is there are people like you who believe they have patents worth billions of dollars and the meter is going to revolutionize the world.
The reality is people like me realize the company went out of business because they racked up debt and never sold anything.
So your argument is the convertible debentures that are clearly defined in their filings are imaginary and instead millions of shares are trading daily for a product that has never been purchased by anyone.
That a stock trades on the faith a non existent company might be making secret deals that no one can verify and this is the reason for today's high volume trades.
That a non existent company with patents worth billions of dollars has a stock price of .0006.
Wanting something to be true does not make it true.
Even people with little knowledge of stock trading know stock prices are affected by earnings and news. World Moto has neither earnings or news.
What they do have, what is verified to be factual, are convertible debentures. Toxic financing and dilution.
When the stock continues to trade and you're looking for the reason why, the answer is obvious. Companies don't succeed or fail based on faith that an unknown event is happening. With no news and no earnings you're left with toxic financing.
Suggesting something big is happening with a company that just shut its doors is laughable at best.
Most people know exactly what's going on. Nothing. World Moto no longer exists.
It's probably just a coincidence that Link Lanka's meter is half the cost.
10,000 rupees is $65 USD.
http://www.lankabuysell.com/Cars/Link+Taxi+Meter/clz012
According to this they've been around since 2010 and their meter is patented.
http://www.sundaytimes.lk/120617/BusinessTimes/bt06.html
After reading this maybe they do need a meter.
http://www.foxnews.com/tech/2017/07/03/couple-charged-almost-900-for-milwaukee-uber-ride.html
But But But..
UBER!! Lol
Hopefully that happens before deregistration. Who knows how much time is left.
The MM's ran it up once to .002. Maybe they will do it again. No mystery here Joe.
Just the facts Col. World Moto no longer exists. Your posts are unverifiable and untrue.
My guess is we will never hear from World Moto again.
I always assumed World Moto would just sit idle until mandates hit and then try to pursue sales. But they folded instead. Why? It wouldn't appear their technology is as valuable as you claim.
Many people believe World Moto should have sold a lot of meters too.
In Oct 2015 World Moto releases a highly suspicious PR claiming to be shipping meters. It doesn't say who the buyers were, how many units were sold, or where specifically they were going. The timing of the release coincided with the 3rd Q of 2015 knowing no more filings were due for 6 months. This is where World Moto's story ends. The company folded right here.
In the spring of 2016 Lisa quits. No more SEC filings to verify any sales from the previous PR. The LLC is due for renewal and Paul does not renew the license. Then Patrick quits. Fast forward 6 months and the 2015 10K is released showing they recorded $1,500 in revenue. No more PR's. No talk of sales publicly or in filings.
Spring of 2017 the website is taken offline and eventually given up. Their phone number is disconnected. Their email accounts are gone. The LLC goes from default to revoked. Paul had a year to fix this and instead gave it up. Paul has been in hiding for years.
The end of World Moto is clearly defined for any and all to see. There is no pretending. World Moto no longer exists.
It's called debt conversion. 50 million shares is $30,000. What huge Uber buyout do you suppose is going on that the has recorded the largest trading day in years at an amount equal to $30,000. I invested $20,000 in this company. Sewer invested $60,000. So you think Uber is buying them out and $30,000 traded is linked to insider info?
All this talk of a buyout is nonsense. There are 20 different things that all lead to the same conclusion. World Moto is out of business and debt continues to be converted. Yet you guys keep dreaming up buyout scenarios that have zero credibility. Show me any evidence that Uber or any other company is negotiating a deal with this now defunct entity. You can't because there is none. It isn't happening. Sorry.
'Something is going on'
Yes it's called conspiracy theories. World Moto no longer exists.
It's called debt conversion. You should read about It.
Clearly not. In the land of FARE it is always attributed to 'something big is about to happen' despite the fact nothing big has ever happened.
Joe made a good point earlier. When you hit green for no reason it's not a bad play to sell and watch the pps fall again. That's all this has ever done.
50 MM traded today. That's never happened without news and WM no longer puts out news. My bet is on conversion.
It's just BS Cueva. There is no release of anything that will happen this year.
3,000,000 shares is $1,800. Expensive coffee. I don't have time to look at the filings right now but it wouldn't be hard to see what was signed a year ago with 12 month notes.