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Personally, I don't expect a PR for months- until Brazil, Haiti, Africa, Asia, Europe moto taxi mandates develop.
I'm relaxing in the Southern Calif smoke today
Yes, this is what's called dilution funding. Funders get their money back by selling shares- normal and no big deal. Focus on how many brought shares today (prob. expecting PR tomorrow
Jeep, RELAX
Meters have been sold for over 100 years- the Patented MM (avail. in 22 counties) is a patented vehicle management system designed to work with APPS underwater and on Elephants.
Yes you are right, 10k (not 10q) is supposed to be audited- suggest you sue them
So, you admit the 22 patents are a BIG DEAL!
too many to count anymore...ha, ha
Yes, we think differently- I'm big picture you're detail. I accept WM FAILED in marketing MM, they need a partner with very deep pockets. The fact that WM is SEC Compliant with NO WEBSITE indicates to me a deal is in the works. Stay tuned.
Jeep, they have NO WEBSITE so this meaningless and obviously a mistake. Sue them for lying on 10K
Col, it seems reasonable that WM decided Web site is no longer needed- surely it wasn't the $10 fee to renew. The market isn't ready yet for MM, but it will be someday...and a deep pocket partner will step in.
The MM works fine, the company is raising money for updates. Most all products are updated on a regulated basis. FARE has no money to market products, partnership is only option IMO
Let's hope it's a deep pocket company who knows the worldwide market such as Uber or other.
Buy Out seems to be in works. WM no longer has a Web site, name change coming?
Why Patents are worth $1 Billion:
> Patents control 40% of future Moto Taxis mandates- worldwide
> Moto taxis revenue far larger than auto taxis
> Estimated revenue over 10 years is $20 billion (my guess)
> value based on 5% of estimated revenue
I would start at $2 Billion and negotiate down to $1 Billion
22 patents...maybe more now! Obviously, Meters shipped were demo systems. Most companies do what ever it takes to sell a new product- no doubt WM sucks at this! I don't know why and don't like to waste my time/ money- I'm hoping for a deep pocket marketing partner- if it happens great, if not I'll sell my Jeep.
Greece, Sri Lanka and India are NOW mandating METERS...hard to argue this!
22 patents in 22 countries...hard to argue about this.
APP has 5 million downloads and is used in Taiwan!
Yes, it works but who cares...22 patents and APP can easily be improved if necessary...but of course you know that
WM has 22 patents in 22 countries. I estimate this is worth over $1Billion.
With an emerging market, and as gov'ts regulate taxis around the world, Greece, Sri Lanka, India already- this represents 40% of the moto taxis worldwide. The APP enabled meter also works in auto taxis and gives them easy APP access at very competitive prices!
Emerging Market takes time. They are SEC compliant and raising money to continue business. We'll see what happens over the next year.
Day traders looking for a PR today don't understand FARE. It may be a long time before a contract.
it will take only one contract and this is 10 to 100 bagger!
10q statement. Note: raising $280K for marketing, sales, PR, etc. Not much money to be a market leader. Without a contract or deep pocket partner- prob. not a high growth company
Our current cash requirements are not insignificant due to planned development and marketing of our current products, and we anticipate generating losses. 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.
Our management believes that we should be able to raise sufficient amounts of working capital through debt or equity offerings, as may be required to meet our short-term obligations. However, the incurrence of indebtedness would result in increased debt service obligations and could require us to agree to operating and financial covenants that would restrict our operations. Additionally, our ability to raise additional capital may be limited due to the grant of a security interest on all of the assets of the Company to secure the obligations under the convertible debentures issued on January 25, 2016, February 1, 2016, February 16, 2016 and the convertible debentures issued on March 30, 2016. Changes in our operating plans, increased expenses, acquisitions, or other events, may cause us to seek additional equity or debt financing in the future. We anticipate continued and additional marketing, development and distribution expenses. 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.
Countries are mandating APP companies to work with Taxis- it's just a matter of time before the Moto Meter 22 patents kick in!
Greece wants to force Uber into hiring full-time taxi drivers
Greece, a country with a lot of debt and an angry taxi lobby, is the latest to ponder anti-ride-sharing legislation. The country reportedly plans to force ride-sharing firms like Uber and Taxibeat to ink three-year contracts with licensed drivers, effectively turning them into full-time employees. Operators would need to buy taxi licenses be subject to stricter rules than currently allowed, according to Reuters.
Greek's taxi drivers have reportedly lobbied the government to make the changes, saying that drivers using the new services have lower barriers to entry. "You can't have a group of professionals being normally taxed ... and a few others not paying at all for the same job, because there [are no set rules]," taxi union head Thymios Lyberopoulos told Reuters.
The MM is a patented technology that is state of the art and APP enabled. Just a matter of time before a contract...but they need a deep pocket partner who can market product- WM can't!...and per 10q, has no plans to do so.
We all know the moto meter market is just now emerging in Sri Lanka and India. Gov'ts want to regulate moto taxis just as they do auto taxis. Common sense would tell you this will happen over time.. I'm holding Long and buying more when I can- this is a high risk until we get a contract- I'm betting this will happen.
WM has demonstrated the MM for years. It even works under water. And, if you read patents, it's a Auto Technology Management System for AUTOS, Motos, Elephants, Boats, Trains, Bikes, Donkeys, etc....most anything that moves people and is APP compliant.
$170K for inventory and training!
They have had no difficulty raising money....but it's dilution funding until they get a contract.
EMERGING MARKET....but a high risk bet unless they have deep pocket partner.
depends if they have a deep pocket marketing partner....with the $340K they can hold out for one more year.
and who pays off the debt? what happens to patents? Why raise $340K to build inventory and training?
WM has $7M invested, 22 patents around world, raising $340K to cover one year burn rate- why in heaven would they sell shell with debt for $25K....fear tactics never work
you must be Al Gore
no, FARE has 22 patents in 22 countries that may be worth a lot of money. I wouldn't sell patents for less than $1Billion...JMHO ...but without news High Risk.
FARE IS HIGH RISK- a long shot, pure speculation but possible huge upside- know what you are buying...IMO
And yet they are SEC CURRENT and raising money for training! Suggest you sell if you don't see the opportunity.
As you know the MM is the ONLY Meter that supports APPS from anyone- UBER, Lyft, Mom and Pop, etc....READ THE PATENTS!
Yes, and over the length of patents it potentially represents $billions in revenue, that's why patents are so valuable
Yes, no patents (yet) in Sri Lanka or India- but watch for orders, especially Airport Taxis who need APP support!
We are waiting to find out if WM has a deep pocket partner to market the MM worldwide- Brazil, Africa, Asia, Europe, Haiti, etc...you know like the the emerging market to install meters on Moto Taxis- a market much larger than Auto Taxis. The 22 patents potentially control 40% of world market. Sri Lanka and India are the first to Mandate Meters!