Replies to post #29449 on World Moto Inc. (fka FARE)

[alien42]

a smart phone is 5-10 x the cost of a $125 Moto Meter

so according to you, smart phones cost $625 to $1,250.

a $1,250 smart phone is laughable, at best.

Col, are you aware that most third world nations get our tech leftovers?

so let me ask you this, what do you think a several year's old first or second gen smartphone costs? here's a hint, it's less than a single MotoMeter.

the simple fact is that the numbers you just presented are completely inaccurate.

[Cueva]

good point

[Jeep_Guy]

Col the cost of a smart phone in the U.S. is much higher because we make more money than people in 3rd world countries. It is all relative to income.

A smart phone in Nigeria is about the same as a moto-meter

https://www.jumia.com.ng/smartphones

Same in Sri Lanka

https://ikman.lk/en/ads/mobile-phones-in-sri-lanka-429

People cannot afford to buy phones outright there. They sign service contracts just like we do here.

There is no financing available for a moto-meter. Assuming a person making $177 per month would pay cash $150 or $125 for a meter is unrealistic.

If a government in one of these countries does pass taxi regulation they will also have to subsidize the cost of the meters to the taxi companies. It's the only path that leads to large scale sales.

[msripley]

Strong words, yeah! This stock seems to be getting ready to pick the direction of its next move.