Replies to post #11750 on World Moto Inc. (fka FARE)

[dkl165]

Let's just set the record straight, I think the quiet period is as much baloney as you do. All I can do is tape my mouth shut to stop myself from saying "your mom" insults about this company.

[Rek415]

Aegis is not getting 100,000,000 shares of stock, at least not with the current price level. As of right now they'd get around 50,000,000. Unless I'm reading this wrong, the amount of stock they get is based on the current share price on the date the S-1 is approved and the stocks are issued to them. Look at the most recent S-1 registration from 10/16 (Page 9) and you can see the breakdown. Essentially, Aegis gets stock equivalent to $1,347,825.

That is probably why the stock is so cheap right now. Aegis wants it as cheap as possible so they get more shares for their investment. The stock is down about 50% in the last few weeks with no news at all. FARE wanted to keep the price high so they wouldn't have to give them as many shares, hence the whole CEO buying stock fiasco. It all makes a lot of sense to me, but doesn't seem like something any of them would bother doing unless they thought the company was going somewhere.