I like this letter from oct.....
Dear 7777,
Chris graduated from Caltech which is the most prestigious science institute in the world. He is a scientist and engineer - not a stock trader as evidenced by the fact that he hasn't sold a share of stock in his entire life. Those remarks are old, categorically false, and the individuals making them also try to have it both ways, for example, "They shorted and made millions" and "they are idiots for holding onto their shares" and "Too lazy and stupid" (ad nauseam).
The truth is that everyone has held with the hope that one day their shares will be worth something sizable. The opportunity itself (the market) has only grown, as a recent quote from the CEO shows:
"in addition to representing a market over 15 times larger than automobile taxis, motorcycle taxis are the lifestyle choice of billions, and mototaxi operators are the messengers, deliverers, and personal assistants to which everyone naturally turns. More so than the automobile taxis, this is the strategic segment which needs to be captured in order to become a global leader in local transport and commerce. And World Moto continues to be one of the only public companies actively pursuing this industry."
World Moto is uniquely positioned in a global industry that has risen at a phenomenal rate despite a series of recessions worldwide. This is a recession-proof sector that remains virtually untapped and World Moto is selling the only portable taximeter built for motorcycle taxis - the Moto-Meter. The product is now patented in 21 countries (and counting) covering more than 2 billion people and 40% of all motorcycle taxis in the world. Here is quote on the economic value of the MM Patent: "the economic value of our Moto-Meter patent is enormous. Just the single continent of Africa has the ability to generate well over 20 billion in Moto-Meter purchases alone during the patent's lifetime." Since WM's CEO made that comment, the Company has announced 18 new countries that have granted its Patent: China, the world's most populous country (millions of mototaxis), Dominican Republic with 500k+ mototaxis, and 16 nations across Africa, home to the highest populations of mototaxis on earth. World Moto has now been granted patents in 38% of the targeted territory, with the remainder expected to complete their substantive examination periods in the coming months.
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Respectfully, it is not the best use of time to keep circling back to address those sorts of remarks.
Kind regards,
Mark Green
Mark Green
www.worldmoto.com | World Moto Inc. | OTC: FARE
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