{"id":868,"date":"2013-01-10T07:21:00","date_gmt":"2013-01-10T07:21:00","guid":{"rendered":"\/?p=868"},"modified":"2013-03-25T20:14:46","modified_gmt":"2013-03-25T20:14:46","slug":"world-moto-inc-otcfare-f-k-a-net-profits-ten-inc-sinks-deeper","status":"publish","type":"post","link":"\/articles\/world-moto-inc-otcfare-f-k-a-net-profits-ten-inc-sinks-deeper\/","title":{"rendered":"World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc Sinks Deeper"},"content":{"rendered":"

\"02FARE_chart.png\"After Tuesday’s disastrous performance of World Moto, Inc. (OTC:FARE<\/a>) f.k.a. Net Profits Ten Inc, some thought it would bounce. It did, but that only lasted about an hour. After that it sunk even deeper. <\/p>\n

In the end FARE<\/a> closed down another 19.48% at $0.139 on 61 million shares. This may have driven both the company and the pumpers to desperation.<\/p>\n

\"9tagg.png\"The pumpers from the Awesome Penny Stocks (APS) group usually just drop a pump when it starts crashing. The last email APS sent on TagLikeMe Corp (PINK:TAGG<\/a>) was on the morning of the second day it dropped. In this case APS sent another email after the close.<\/p>\n

The company itself is trying to stop the drop. Despite the fact that FARE<\/a> has very little money, the management saw fit to pay $5 thousand for coverage by a research firm. Most of the time such paid reports have a very short-lived effect if any. Those that care enough can check the track record of this particular “analyst.” Suffice it to say his services have been used in other pump jobs.<\/p>\n

FARE<\/a> also issued a press release about some supposed discussions for mandating the use of FARE<\/a>‘s Moto-Meter within Montes Claros, Brazil. Even if we disregard the fact that FARE<\/a> is an APS pump, this press release raises the question about financing again.<\/p>\n

Additionally, FARE<\/a> filed an amended 8-K saying it will need $2 million in financing before sales can even start. Even if the paid report, the pump emails and the press release manage to give one or two green sessions for FARE<\/a>, ultimately it is doomed to follow in the footsteps of all previous APS pump jobs.<\/p>\n

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

After Tuesday’s disastrous performance of World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc, some thought it would bounce. It did, but that only lasted about an hour. After that it sunk even deeper....<\/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-868","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\/868","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=868"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/868\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}