World Moto, Inc. (OTCBB:FARE) Breaks 10-Cent Level on Sales Promises

After toeing the line and doubting for a while, World Moto, Inc. (OTCBB:FARE) finally jumped over the 10-cent levels in one go, on extremely high buying volumes, on pent-up anticipation following the holiday week. FARE added more than 16% on Monday, reaching $0.1095, on buying volumes above $866,000.

Now, the climb follows a new press release, pointing that FARE has taken up a new technology, using the wheels of motorcycle taxis to display ads. The so-called Wheelies were presented as a prototype at the Sign Asia Expo 2013. The most positive information for FARE is that the advertising system may generate immediate sales, as well as additional sales in 2014, when production takes off.

FARE claims to be receiving calls from interested parties all the time, yet the company still faces the challenge of logging serious claims and indeed equipping the world’s fleet of motorbike taxis with meters. For FARE investors, the recent developments look like a light at the end of a tunnel after a year of flat prices, following the initial enthusiasm of a promotion at the start of 2013. So naturally, hope is regained that FARE reaches out above the dollar levels, especially as the real products roll off in 2014.

Now, the name of Richard Branson is bandied around FARE, though there is still no confirmation that the billionaire would put any funds to boost FARE. And Branson has his own motor taxi company, Virgin Limobike, but there is no clear evidence that the taxis would be completed through the Moto Meter. A FARE representative on Facebook also did not confirm the information, though he or she suggested it would be a good fit ti supply Virgin Limobike with the upcoming products.

Unfortunately, the story is not so happy for ImageWare Systems, Inc. (OTCMKTS:IWSY), a producer of biometric devices with a potentially wide distribution. IWSY slid back again significantly on Friday toward the $1.70 levels, after it tried to touch the $2 again.

Liquidmetal Technologies, Inc. (OTCBB:LQMT) also tries to touch higher levels, but the 20-cents range is still elusive. LQMT stepped back toward 17 cents.

For FARE, it is a matter of deciding on your timing and estimating if you can afford the setbacks and an eventual sideways drift. But 2014 is already in sight, so pick your entrance price carefully, if you want to follow FARE into its new year of promises- and perhaps delivering upon the promises.