World Moto Inc (fka FARE)

[Sujitta]

http://www.sec.gov/Archives/edgar/data/1492151/000106299315004621/form424b3-333195710.htm

this is their latest filing. Look at the bottom of page 10 and the top of page 11...... they didn't have mush cash to work with..... We don't know if they have raised additional capital since then, but if they didn't these guys are dead broke. They will raise more money but at these price levels it will be so destructive to the capital structure of the company ......

Also think about the NEW short term liabilities they are accruing ...... when they do get more money they will need to use a big chunk of it just to catch up.

Sorry to be so mechanical in my analysis it's just that when you look at the hurdle they have to climb over just to stay alive, I just don't see it.