{"id":847,"date":"2013-01-14T08:57:00","date_gmt":"2013-01-14T08:57:00","guid":{"rendered":"\/?p=847"},"modified":"2013-03-25T20:14:42","modified_gmt":"2013-03-25T20:14:42","slug":"world-moto-inc-otcfare-f-k-a-net-profits-ten-inc-trying-to-get-by-without-aps-pump","status":"publish","type":"post","link":"\/articles\/world-moto-inc-otcfare-f-k-a-net-profits-ten-inc-trying-to-get-by-without-aps-pump\/","title":{"rendered":"World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc Trying to Get by without APS Pump"},"content":{"rendered":"

\"4FARE_chart.png\"Last Wednesday, Awesome Penny Stocks (APS) stopped the pump on World Moto, Inc. (OTC:FARE<\/a>) f.k.a. Net Profits Ten Inc. FARE<\/a> had already started its fall, but without the pump efforts it’s on its own. <\/p>\n

On Friday FARE<\/a> closed down another 21.02% at $0.0849 after 46 million shares had changed hands. Friday’s close was down more than 70% from the peak of the pump.<\/p>\n

Also on Friday, FARE<\/a> filed an 8-K<\/strong> concerning a share purchase agreement with an undisclosed investor who bought about 3.7 million shares for $1 million. On Friday he was down about 69% on his investment or about $690 thousand. Since the shares are restricted, the investor can’t even sell them.<\/p>\n

While this $1 million is a considerable amount of money for FARE<\/a>, it’s only half of what they said they’d need before beginning sales. The stock performance could also get in the way of any future equity financing.<\/p>\n

According to the filing the deal had been closed last Tuesday, but for some reason the company didn’t make any announcement. If FARE<\/a> decides to make one today, that could have some positive effect on the stock price.<\/p>\n

\"5tagg.png\"Still, it’s not clear whether that will happen, and even if it does, there’s no saying how long it could last. Especially since APS has abandoned ship, and if you take a look at the previous APS pumps none of them has ever recovered.<\/p>\n

TagLikeMe Corp (PINK:TAGG<\/a>) for example, is still lingering 90% down from the peak more than two months after the crash.<\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

Last Wednesday, Awesome Penny Stocks (APS) stopped the pump on World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc. FARE had already started its fall, but without the pump efforts it’s on its own....<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[117,145],"class_list":["post-847","post","type-post","status-publish","format-standard","hentry","category-news","tag-fare","tag-tagg"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=847"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/847\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}