World Moto Inc (fka FARE)

[Jeep_Guy]

'This company, in the past, has a history of putting out fluffy PR'

Since all we're doing at this point is putting out conspiracy theories as World Moto no longer communicates, how about this -

Yes World Moto does have a history of putting out fluff PR's that have never come to fruition (look it up if you don't know what it means)

World Moto thought it was close to signing a contract in 2015 so it waited until just a couple days after the end of the 3rd quarter to release a PR stating they are 'shipping meters and filling purchase orders'. They very carefully word that in order to leave it up to interpretation. They release this PR knowing they have 5 months before they have to file again hoping that they do consummate an order but the order never goes through and no sales have been made. Now they're stuck with no other options other than to stop filing 10K's and Q's until they do eventually sell some meters. 1st Q, nope. 2nd Q, nope. It's better for them to save face and go on as a non reporting company rather than disclose they lied.