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

It’s hard when your dreams get crushed. My heart goes out to the believers in World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc, if there are any of those left.

Yesterday, FARE took another deep dive, losing 27.38% to a close at $0.0541 per share. The selling occurred on a significant volume of approximately 33.7 million shares.

After the closing bell the company issued a press release about some media coverage in Thailand. We’re about to see whether that can do anything for the crashing stock. Since the Monday release which claimed that FARE was set to start manufacturing just barely slowed the decline, traders may not need to hold their breath about this one.

There may still be some people who believe that the company will realize the potential Awesome Penny Stocks (APS) claimed FARE had. At this point, however, it seems pretty obvious where this company is going.

The same promoter said great things about TagLikeMe Corp (PINK:TAGG) too. Now, about three months after that campaign TAGG is down more than 90% from the promotional highs.

The dismal crashes of all past APS picks don’t seem to faze the paid pumpers. In an email from yesterday, APS talks about FARE as if it were some huge success.

Actually, from their point of view it probably was. Those who held cheap shares had some good opportunities to dump them to the traders who were naive enough to believe the hype created by the pumpers. Hope you weren’t one of the latter.

The APS email also says there’s going to be a new pick soon. If you got burned on FARE, you may want to think before acting on the next one.