World Moto Inc (fka FARE)

[Jeep_Guy]

It sounds like you are unfamiliar with this company's past.

There is no manipulation happening here. You need to research toxic death spiral financing. Convertible debentures. This is how World Moto raised capital to meet cash flow needs. The key in signing toxic notes like these is you need to be making revenues when the notes come due. That didn't happen and now we're seeing the notes converted to shares to meet their financial obligations. That is share dilution resulting in a worthless share price.

The only manipulation we have ever seen is World Moto promising we are 'almost there' for the last 5 years. In 12 days it will have been 1 full year since World Moto released their last financial statement. A PR in Oct 2015 stated they are now shipping meters with no mention of sales since and no filings to validate their claim.