Replies to post #11743 on World Moto Inc. (fka FARE)

[Sujitta]

so what will happen when the company gets the next $500k?

Well, here is the math:

the company stated they would run out of money around Sept. 15th. So consider the cash position at $0.

so they get $500k but as of June 30th they had the following short term liabilities:

Accounts payable and accrued expenses $112k

So in the 4 months since then, how much more in short term payables have they accrued?

I would assume they pinched pennies since the end of June but I would assume at least another $100 to 200k. It has been 4 months since that filing, the next 10q is due I believe Nov. 15. That's when we will see the numbers but that is for the period ending The end of August.

So out of the $500k they will need to payout a decent chuck just to catch up on their bills. And what does that leave left?

you can do the math. They could always issue stock for services but auditors can't take stock. And I am not sure who on their payroll (the locals) would either. And what about R&D, and SG&A? that's hard cash expenditures.

I really believe they have been in non operational mode since June.

The lights are on but no ones home.

Quiet period? Please..... what a ruse...... they claim quiet period but then post on Facebook that business has never been better and as a sign an insider bought some stock. Some quiet period....... It's all B.S......

Accelerated effectiveness date? everyone does that.... common practice......

So what is the excitement all about?

You guys are excited that a non-existent 'quiet period' will end?

You are excited that they will get $500k and after they catch up on their bill they will be left with a couple hundred k?

You are excited that this round of financing will give Aegis stock at below a penny a share and the issuance will be well over a 100 million shares?

You are excited that they will be burning through $50-70k a month going forward and will run out of money AGAIN in 3-4 months?

All you have to do is read through their own estimates of the use of proceeds to see their products are not close to being finalized. Do you think they have finished product ready to sell? Nope. Read their latest filing and how they plan to use the money... they say themselves there is a lot more work to be done before their products are ready for sale.

I get it that many of you are looking for the next pump so you can get out..... noble effort and the smart thing to do.