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

World Moto, Inc. (OTC:FARE) f.k.a. Net Profits Ten Inc staged a little bounce last week. It went from 3 to 11 cents in just three sessions. That, however, is hardly any consolation for those who got burned during the pump.

On Friday, FARE closed down 6.52% at $0.1075 on about 20.2 million shares. It was one of the most active stocks on the OTC, surpassing the current Awesome Penny Stocks (APS) pick – Swingplane Ventures (OTC:SWVI).

Without APS to pump the price, FARE has had to rely on its own optimistic press releases, and it has to be said that few, if any, previous APS pump jobs have had bounces like that. However, just saying that some media have conducted interviews with FARE management, may not be enough to sustain the inflated price of the stock.

If at some point the supposed interviews are broadcast, that could have a positive effect on the stock price. Ultimately though, what investors are really interested in is making money, and so far the only money FARE has made is from selling stock.

Since the 8-K from Jan. 11, the company hasn’t filed anything new. While $1 million in cash can go a long way, the simple fact that the investor who bought the shares for that sum is now looking at a loss of about 66%, may be enough to keep other potential investors away.

Today FARE is siding further back down and at the time of this writing it has lost 15.35%.

Even if FARE gets some media coverage next month, investors should be careful and not forget that the glowing pieces written on FARE‘s product are from about 2 years ago. In that time World Moto hasn’t gone all that far; merging into a failed publicly traded company for the ticker and getting pumped by APS.