World Moto Inc. (fka FARE)

[Jeep_Guy]

Far too much energy is being spent discussing the fantasy of Uber buying out World Moto.

If World Moto has a future it's in regulation of motorcycle taxis and tuk tuks by mandating the use of Meters. Uber serves a very small percentage of the taxi market. For the majority of people who are not technologically advanced enough to own a smart phone (only 17% of Indians own a smart phone) a metered taxi system is where World Moto could do well.

It isn't a coincidence that World Moto stopped communicating and essentially dropped off the face of the earth after proclaiming it was 'shipping Meters' leading people to believe it was actually selling Meters. They don't want to admit they lied and I think the company will be quiet until it finally has sales to report. Question is can they hold out long enough before they can no longer trade stock for cash?