Replies to post #34874 on World Moto Inc. (fka FARE)

[alien42]

the IP has no value, that is just a simple known fact.

anyway you look at it, be it the actual market cap of the stock, the valuation in filings, or that the FARE meter is still unproven and has never been shown to function in a real working environment.

it's vaporware worth absolutely nothing.

[sewer182]

Just one question. Late 2015. WM "sold" $1500 worth of meters to three countries. Sort of like samples to be tested. What happened? No sales resulted from the tests? If WM's meters are so good how come in over 1.5 years, NO SALES? Please let me see how that gets spun. Explained.

[Sujitta]

Cueva, you do realize that patents are 'worked around" all the time? Their patents are not strong at all and if you have been around patent issues you would know that.

[Sujitta]

Cueva, the patents are owned by the parent, WM, a Nevada LLC.... oooops! that doesn't exist anymore.

Well, straight from WM's latest 10k:

Inability to protect our proprietary rights could damage our competitive position.

We have filed several United States and foreign patent applications covering certain aspects of the Moto-Meter and our Wheelies product. There can be no assurance as to the breadth or degree of protection which existing or future patents, if any, may afford us, that any patent applications will result in issued patents, that our patents or future trademarks, if any, will be upheld if challenged or that competitors will not develop similar or superior methods or products outside the protection of any patent issued to us.

Although we believe that our current products, patent applications and trademarks do not and will not infringe patents, trademarks or violate proprietary rights of others, it is possible that our existing intellectual property may not be valid or that infringement of existing or future patents, trademarks or proprietary rights may occur. In the event our products infringe patents or proprietary rights of others, we may be required to modify the design of our products, change the name of our products or obtain a license. There can be no assurance that we will be able to do so in a timely manner, upon acceptable terms and conditions or at all. The failure to do any of the foregoing could have a material adverse effect upon our Company. In addition, there can be no assurance that we will have the financial or other resources necessary to enforce or defend a patent infringement or proprietary rights violation action. Moreover, if our products infringe patents, trademarks or proprietary rights of others, we could, under certain circumstances, become liable for damages, which also could have a material adverse effect on our Company.

[Sujitta]

Cueva, it even gets funnier..... from the company's latest 10k:

Patents

Patents are initially measured based on their fair values. Patents are being amortized on the straight-line method over the estimated useful life of 10 to 20 years.



And guess what?

the Auditors placed a ZERO value on their patents....it's not like they forgot to do it, it's just that the auditors don't believe they have any value. In their SEC filing the company lays out how the patents would be valued and the auditors said ZERO.