Replies to post #9929 on World Moto Inc (fka FARE)

[Jeep_Guy]

Quote from the Jan 6th press release about the wheelies -

DMC recently concluded an extensive proof of concept phase that included demonstrations of their capabilities to meet the Company's rigorous standards for manufacture of printed circuit boards, injection molded components, conformal sealing and assembly of the Wheelies device. The successful completion of this phase and the subsequent agreement between the Company and DMC signifies the beginning of the production stage of Wheelies.

This strategic alliance allows the Company to move immediately into limited production of the Wheelies device, which involves low volume production runs of tens to hundreds of units in order to refine the production yields, increase the efficiency, and decrease warranty and support costs of the manufacturing process. DMC will provide their experienced research and development team to assist in the design of the automated test and analysis fixtures and programs required to optimize this system. The Company anticipates the limited production and optimization stage to last approximately 6 months, after which full commercial production will commence.

[sewer182]

Doug, if you do the math, it was little over 300k shares. has anybody given thought to a mistake in the reporting. Maybe he has not sold any shares.