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If all of that were true they would not have stated in the last two Q's they have ceased operations. Anyone following this company from the beginning knows WM was pumping out news before events ever happened.
Please give us one example of a company who pretended to go out of business as part of their business strategy.
The pps for the most part has been stuck here for what, 2 years? No one here can state things are looking positive. Why not wait and see if they ever come out of hiding and prove they're still in business before you give them more of your money?
What could they have done to World Moto? They never had a working app and they never sold any meters. Hard to do anything to them when they never functioned as a company.
The announcement of shipments in Oct 2015 was a major milestone for WM
http://www.prnewswire.com/news-releases/world-moto-begins-moto-meter-shipments-300153711.html
'World Moto... today announced that it has begun to ship and fulfill purchase orders for the Moto-Meter™.'
'This inaugural shipment of Moto-Meters is a major milestone," said Paul Giles'
'The Moto-Meters are being shipped to customers in Asia and Africa... The Company estimates that after introduction to a region, demand for the Moto-Meter™ will continue to grow, taking approximately three years to reach market saturation. (It's been 2 years and there have been no sales)
Investors should consider this situation seriously. World Moto has confirmed no sales after 2 years of investor speculation. No sales indicates there is no demand for the Moto-Meter.
It's also worth noting that World Moto claimed to have begun shipments and fulfilling sales orders to an unregulated market. World Moto alternatively states in their filings that they are relying on regulation to succeed in Meter sales. It's worth noting because it is conflicting information and we can now see that no sales ever occurred.
I do find it amusing that you don't read the filings. Don't you think you would have a better understanding of this company if you actually took the time to read them?
If you did you'd know WM specifically mentions being in contact with the government of Brazil yet in all your predictions for a MM market you fail to mention one of the key markets WM claims to be working in.
The filings are current through June 2017 and each K and Q state no revenue. That means -
No MM sales. All the hype over shipments in Oct 2015 amounted to nothing. There have been no sales of the MM from Oct 2015 through June 2017.
No HailYes downloads. It has now been confirmed by World Moto.
These aren't opinions and there is no way to misinterpret the data. No sales and no downloads per World Moto.
I agree. With no website and no ability to contact them they aren't in a position to accomplish anything.
After following this company for 4.5 years it seems reasonable to me that the content in these filings is just a bunch hot air with debt disclosure.
Per their filings they need to raise $280K to continue their operations.
"In order to execute on our business strategy, we will require at least $280,000 in additional working capital over the next 12 months, commensurate with the operational needs of our planned sales and marketing, public relations, development and distribution efforts."
"While obtaining $280,000 will allow us to execute on our business strategy over the next 12 months, commensurate with the goals for our planned marketing and sales, public relations, development and distribution efforts, we are actually targeting an additional $70,000 over the next 12 months in additional working capital in order to increase our growth plans on an expedited basis."
That's the company talking to you. No plan to sell patents or partner with anyone.
It doesn't matter if it's $5 or $5 million. They have not sold the patents and per the filings they do not intend to sell the patents. That is the conversation we are having.
You need to actually read the filings. You claimed to have read the patents now it's time to read the filings. They intend to sell more stock to raise capital. They state that in their filings.
Just like they state they have never trade marked anything. Those were fake TM's after Yes, HailYes and Wheelies. World Moto lies.
World Moto stated they have ceased operations but quoting World Moto makes someone a naysayer? That's the best comment yet. They let their LLC and website go and then they file their K and Q's and actually state they have ceased operations and people here are making up excuses and pretending it isn't real?
Fred Rogers in his red sweater couldn't lead the trolley to a more hilarious make believe story.
World Moto has no employees to pay. They have no office to conduct R&D. Their virtual office cost is $700 per year. The $280K they need will go to paying the company's only 2 remaining employees, Paul and Chris.
In the 10Q they filed YESTERDAY for the period ending June 2017 they estimated needing $147,000 to further develop and engineer the Moto-Meter.
Do you bother to read this stuff?
So they just randomly left that out of their filings eh?
'Many believe'
How many people are in that room with you Cueva?
Don't forget they are operating in Thailand. $280,000 is nearly 10 million Baht. Do you have any idea how much money that is there?
Keeping their filings current doesn't mean they are still in business it just means Paul wants to keep his lifestyle going in Thailand.
If the people posting to this board can't contact World Moto then no one is doing business with them. Why is this concept so difficult to understand?
World Moto has claimed they have moved, down sized, and ceased operating to cut back on their expenses yet they still need $280,000 to continue their operations? It's been almost 5 years of false PR's and no sales ever.
If World Moto believed in their products they wouldn't have let their LLC and website go and they would continue updating shareholders on FB. It doesn't get any easier to explain and understand than that.
Yea in Zimbabwean Dollars. Maybe even more than that.
I know, right? How stupid and ignorant that the funders would stipulate that in their loan terms.
Pretty impressive that 5 million people downloaded an app that doesn't work and not one person wrote a review about it.
Their website no longer exists
Their phone number is disconnected
They have no email address
Their LLC has been revoked
They have abandoned their social media sites
And most importantly, they stated in their last 2 Q's that they have ceased business.
What more evidence do you need?
Is it at all a factor that they just brought current through June their filings and there is no mention of selling patents? You've been saying this for a year and nothing in the filings.
To all who consider this the life saving meter that just bought Uber, do any of you actually read and understand what is in their filings?
They posted another for June 2017
http://ih.advfn.com/p.php?pid=nmona&article=75602487
I picked up on that as well. Everything in their business overview states they are planning to do this and planning to do that. Nothing has ever resulted in revenue. They stated they are planning on obtaining more loans. That's the one statement we can believe in.
They stated in the K their audit cost $20K. the Q's are not audited and have little expense.
They file to continue borrowing. They are cashing in $300K a year and have ceased operations. They stated this in their filings. Why make assumptions when the info is published for you to read?
During the fiscal year ended December 31, 2016, we issued 523,366,065 shares of common stock at a fair value of $542,905 to settle convertible notes in the amount of $199,114, accrued interest of $1,968 and derivative liabilities of $212,105.
Yet the stated OS still remains the same as it did in 2015 at 1,490,145,045 shares as of August 11th 2017.
I don't see how these have been audited.
The Company temporarily ceased operations in Thailand and reduced its operating costs during the three months ended June 30, 2017.
Still out of business.
They just posted the June 2017 Q which officially brings them current.
During the fiscal year ended December 31, 2016, we received an aggregate of $320,625 from the issuance of convertible promissory notes.
Our operating expenses were $213,097 for the year ended December 31, 2016.
In order to execute on our business strategy, we will require at least $280,000 in additional working capital over the next 12 months, commensurate with the operational needs of our planned sales and marketing, public relations, development and distribution efforts.
Estimated expenses for 2017
Moto-Meter $147,000
Wheelies $3,000
Yes and HailYes $35,000
Total $185,000
The company has ceased operations and they have no employees but still require $280,000.
Accumulated deficit to date $7.5 million
Total revenue to date around $2K?
This is not a real company. There is no road to success with numbers like this. These guys are simply cashing in shares.
Thanks
Approximate Number of Holders of Common Stock
As of November 7, 2016, there were 17 shareholders of record of our common stock.
Is this really stating there are only 17 people who own this stock?
If you would give me World Moto's contact info I will call and let them know about the TM infringement.
What's their phone and/or email?
And yet Cromulent Labs did exactly that. They Trade Marked Hail Yes in November 2016
https://trademarks.justia.com/872/36/hail-87236332.html
The fact that Hail Yes Black and Pink have no user reviews on the App Store and the apps are not available on Google Play doesn't sound any alarm bells for you? They may have an app with a similar name but their apps aren't out there. The Black and Pink apps had 3 updates in a row at the end of 2016 when they were launched and no updates since then. These are all signs Cueva.
Or how about the fact that it was posted here Hail Yes is trade marked by Cromulent Labs and HailYes is trade marked by World Moto. If there was a partnership why are the names different and why does each company have their own trade marks?
This is pretty basic stuff here.
There was 1 trade today. The bid was .0003. The ask was .0004. The trade was made at .0004 so it was registered as a buy.
Odd that there are no user ratings for Hail Yes Black or Pink on the App Store and that neither of these apps are available on Google Play.
He doesn't understand what buys and sells are. He thinks the 9.7 million shares registered as buys means there was strong buying today.
Msripley has to be a bot. None of these posts ever make sense.
There were 11 trades made today. 7 were made at the bid price and 4 were made at the ask price. All trades were made within a range of .0001.
I'm not seeing what is significant about today's anemic trades.
Careful Myantis. You're going to be labeled too dumb to see there's something big going on with talk like that.
I think you mean the dilution has temporarily stopped.