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I'm not knocking Col, and I'm sure there is 5 M downloads- I'm just saying we have no facts on HellYes. How are people using it? How do they like it? With 5 million users, somewhere there must be a news article?
Blind Faith may be the way some people invest...but not a good idea IMO
sold or partnership...but WM MM no longer exist in market.
No reported user testimonials on HellYes...seems a bit strange for a viable product...yeh? Without market feedback- Not a product worth speculating about IMO
seems obvious to me WM sold out months ago. Maybe new next generation meter is planned by new owner?
we've been through this...who do call to order a MM?
we all want the MM to be a huge success, but before we buy a new car with our wonderful investment (that has loss 99% over the years), we should understand what's happening...not europa
that was 5 to 6 year ago...what has happened in the interim?...worst product launch I've ever seen...maybe time for new management don't you think
Why take it off the market?
Did the moto meter ever work??
> no reported satisfied users
> Why take it off market- tech issues?
> was this a scam from the beginning?
> what happened to Wheelees?
Many unknowns- not a company to have confidence in- High Risk
I'm still buying because I like high risk!
Thanks for some sanity here!
really, how do you know that the plan isn't to take the company 'private'?...happens often. I'm sure Giles owns majority and he can do whatever he wants. The point is don't be so confident it will work out as you think. If FARE hits- you (me) will be a very lucky guy(s) but I know 99.9% of sub penny stocks fail.
With nearly 20M shares, I certainly hope WM has worked out a good deal to someone to build/market meters- but this is a pure speculation stock at this time.
No one on this board knows what might happen. If I was running company, I would take it private and screw the share holders.
That's not how it works...'people' are betting money and the stock is $.002- that's what the market believes the the company is worth. A few people on this little board believe otherwise. Real investors don't waste their time on BB. But- good luck!
Can't do anything without audited 2016 financials. Whatever is happening happened many months ago 'in principle' when WM killed their Web site.
I doubt we will do a royalty, why kill WM Web Site if you were selling royalty unless royalty was from a company who could market worldwide?
Do we have a patent in Cambodia? Note: we have no IP protection in India- anyone can build a moto meter. Fortunately, 22 patents in 40% of moto market. Can't sell to everyone
Maybe never- lot's of factors- if royalty prob. not possible. If buyout with company with deep pockets- maybe possible. This is a HIGH RISK company with 2 employees, billions of shares out, no Web site or phone number- trading at less than $.002.
JR- this would put Market Cap at over $1B...doubtful
A royalty agreement might be a possibility- not as good as a buyout for share holders but still OK
Yes, the WM moto meter is dead but the IP lives for years. Not reasonable that anyone would buy a meter from a 2 person company with no Web site or phone number- so someone will introduce the patented meter- who and when is the question? and how will it affect WM share holders?
nmills- are you saying WM is working with Indian gov't?
Welcome to ELCOT
Electronics Corporation of Tamil Nadu Limited (ELCOT) is a wholly owned Government of Tamil Nadu Undertaking, registered under the Indian Companies Act, 1956, as a Company with the Registrar of Companies, Tamil Nadu on the 21st day of March 1977. ELCOT was established with the main objective to promote, establish and run State Public Sector Enterprises for Electronic items; manage, supervise, finance, advise, assist, aid or collaborate with any association, firm, company, enterprise, undertaking, institution or scheme for the advancement and development of all branches of electronics and of industries and business concerns based on or relating to electronics.
Col, have you been able to verify the missing link video and the statement 'uber moto and moto meter'?
The new moto meter product better be good and have a world wide product launch introduction. The 'window of opportunity' only last so long.
Maybe, but no one is buying tens of millions of shares. A 'real leak' rather than 'just speculation' that meters are relevant would be nice to drive price 10x.
It may be months before we hear anything...I wouldn't count on end of month.
How would this change the competition in India and the news reports that mandate 'meters'. Someone will control the market with meters- either WM (no longer marketing meters) or someone else??
Yes, we have effectively closed down, no Web site or phone number and we've still increased in share price....doesn't make sense unless something is happening. The 'market' always knows...IMO.
strange no leaks on what is happening one way or the other!
Market Valuation:
Analyst base Market Cap on high flying companies such as Uber, Snapchat, Instagram at 10X revenue or revenue potential. Uber has a Market Cap of $50B to $100B.
The WM IP in 22 countries for moto taxi meters has the potential of $100M revenue in the near term for a very deep pocket company to develop. At 10X this puts Market Cap at $1B for a buyer motivated.
This is how I value the IP.
Snapchat Sets Valuation At $19.5 - $22.2 Billion Ahead Of IPO, At Low End Of Range....NOT PROFITABLE,
Can't change the past! What's important is the IP in 22 countries for vehicle management systems for auto's and moto's and what WM will do with it? I've invested in the IP and value of having the only moto meter in 22 countries...I've put a value at $1B, we will see soon one way or other.
It seems reasonable to me that WM closed their doors AFTER they sold company. Maybe the buyer wants to control the narrative for some reason. If WM wanted to just license the technology, they would have kept Web site...IMO
Jeep is a very smart guy, he likes to play with this board. He has provided great DD.
Absolutely not...I invest because it makes sense to me. I don't care what anyone else believes.
Yes, our value is in the IP and the $500B taxi meter market. A company like Uber has the resources and the desire to control the worldwide market. They are a visionary company just like WM- a perfect fit IMO
It's a DONE DEAL whatever it is? It happened when WM closed the door about 1-2 months ago. Now we wait to see what it is.
A buyout of $400M plus stock is a reasonable number imo. WM is 'KAPUT'- they don't have tens of millions dollars to build product and market worldwide- immediately!
Yes, WM- it's worth more than this 5 to 10 years from now!
oh really, how would buy a MM today??
A buyout price of $0.20 pps is fair I think, plus stock in buying company.
Can't- no Web site or phone number
Fact- WM is no longer selling meters....period. Either buyout has already happened or we are licensed technology (but this would require a new Web site)
Thank you (and Jeep, Joe and others) for your DD. I'm still buying.