FARE is exploding off the $0.06 base!
Update: FARE has been making a highly explosive move up on accelerating volume after the Company announced in the 3rd week of November that Fast Company has released a feature article on World Moto's newest product "Wheelies."
Changing the way the world goes around, World Moto is a global authority on the $500 billion dollar a year motorcycle taxi industry and inventor of the Wheelies and the Moto-Meter, the world's first motorcycle taxi meter.
FARE is the old pick from APS which they ran in December 2012 through January 2013 before letting it go. I suspect they no longer have anything to do with FARE.
To get the inside scoop on FARE subscribe to OTCMagic.com right now. Also everyone should know, we have something HUGE coming!
What FARE lacks for in fundaments they certainly more then make up for that with hype and hot air. APS claims in their FARE alert "FARE is the world's first motorcycle taxi meter according to CNN, Newsweek and Moneylife! The Times named FARE's technology "one of the most significant innovations of this decade" and Fast Company declared it "The First Real Taxi Meter Innovation in 100 Years… a $3 billion dollar idea.
The playing field on the OTCBB changes very quickly and what works great one day may not work at all several weeks down the road. APS and many big promo groups have made a history of highly explosive picks with little or no fundamentals to back them up and they are now targets for the ever increasingly aggressive short position often reffered to as "the short ball wrecking crew" made of marginal MM’s, accredited investors and shady investment houses.
In the past these shorts which I suspect short up to 50% of all buy volume coming into the market on any given trading day were content to give an APS pick a few weeks to breath, give it a chance to do something so they can continue shorting it at higher price levels. However those days seem to be gone; they know the pick is fluff the day its announced and they are already shorting the stock to high heaven and planning their orchestrated attack that will surely destroy FARE just as fast as it destroyed SVEN.
Conclusion: APS new pick FARE has little fundamentals to back up the hype and represents a highly risky trade here. Now that the promotion is over the stock has nowhere to go but down; a few months out FARE will trade at or near a Penny; count on it.
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World Moto, Inc.
Kevin S. Crutchfield
SYMBOL: OTC: FARE
World Moto, Inc. (OTC: FARE) was incorporated in the State of Nevada on March 24, 2008 for the purpose of offering interactive software products for the creation of an interactive digital yearbook designed for fundraising for the military.
On September 1, 2012, the Company entered into an Asset Purchase Agreement with World Moto (Thailand) Co., Ltd. World Moto a corporation established under the laws of the Kingdom of Thailand.
Capital Change=shs increased by 181 for 1 split. Pay date=11/08/2012.
APS Alert on World Moto, Inc. (OTC: FARE)
Dear Fellow members,
We are proud to present to you one of the most amazing company we've ever come across in our years of experience!
Our brand new pick is : World Moto Inc. (OTCBB: FARE) FARE is the world's first motorcycle taxi meter according to CNN, Newsweek and Moneylife! Act fast while shares are still trading for very low prices. We believe FARE holds the potential to be a multi-bagger!
The Times named FARE's technology "one of the most significant innovations of this decade" and Fast Company declared it "The First Real Taxi Meter Innovation in 100 Years… a $3 billion dollar idea."
Research shows there are currently well over 20 million motorcycle taxis in more than 100 countries worldwide! This could leave room for FARE to generate hundreds of millions in revenue from their tracking device. Especially when you consider that they are among the FIRST to bring such a product to the market!
Most countries with motorcycle taxis already have strict bylaws that require automobile taxis to be equipped with a taximeter, and the global trend is toward mandatory use of meters for motorcycle as well. The advent of FARE's Moto-Meter should allow similar strategies to be applied to this thriving new industry!
Grid lock traffic in countries like China, Thailand, Indonesia, and Nairobi have helped the motorcycle taxi industry swell up to the Titanic sized industry that it is today, bringing in $500 billion each year! This is our opportunity of making things fair for our members with a pick that should fare strongly in this holiday season!
We urge members to act fast before low priced shares disappear. This is our Holiday gift to our members and we strongly feel FARE could be trading at much higher prices very soon!
Your AwesomePennyStocks Editor.