World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc Crushed

Reality finally started catching up with World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc. The Awesome Penny Stocks (APS) pump crashed as expected.

FARE dropped more than 50% in less than an hour, but it recovered a bit in the last 10 minutes or so to close down 42.69% at $0.172 on 75.5 million shares.

The pumpers at APS are reluctant to let FARE go. As with previous picks like TagLikeMe Corp (PINK:TAGG), APS blames profit takers and short sellers for the crash. And as with TAGG, instead of admiting the whole fiasco is up, APS is trying to lure more investors in the failing pump.

The only correct part of the APS email is that “FARE is still the same amazing company…” except the “amazing” part. FARE still hasn’t made a dime, still has insignificant assets, and it’s still nothing more than a pump.

The real reason for the failure of FARE, TAGG and all the rest of the APS pump jobs is that the pumped companies don’t really work. They are set up to get the money of naive investors. Hopefully, those who read my previous articles stayed away from this disaster, or at least got away in time.