Home > Boards > US OTC > Delisted > World Moto Inc. (fka FARE)
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Saturday, September 09, 2017 4:26:28 PM

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The announcement of shipments in Oct 2015 was a major milestone for WM

http://www.prnewswire.com/news-releases/world-moto-begins-moto-meter-shipments-300153711.html

'World Moto... today announced that it has begun to ship and fulfill purchase orders for the Moto-Meter™.'

'This inaugural shipment of Moto-Meters is a major milestone," said Paul Giles'

'The Moto-Meters are being shipped to customers in Asia and Africa... The Company estimates that after introduction to a region, demand for the Moto-Meter™ will continue to grow, taking approximately three years to reach market saturation. (It's been 2 years and there have been no sales)

Investors should consider this situation seriously. World Moto has confirmed no sales after 2 years of investor speculation. No sales indicates there is no demand for the Moto-Meter.

It's also worth noting that World Moto claimed to have begun shipments and fulfilling sales orders to an unregulated market. World Moto alternatively states in their filings that they are relying on regulation to succeed in Meter sales. It's worth noting because it is conflicting information and we can now see that no sales ever occurred.

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