World Moto, Inc. (OTCMKTS:FARE) Still Short of the 10-Cent Level
World Moto, Inc. (OTCMKTS:FARE) stopped short of attacking the 10-cent levels, and now faces a shortened week, but the momentum is high enough that the price range is still within shot. On Tuesday, FARE slid down 10% to $0.0855 on dollar volumes above $360,000. The ticker has not posted a new press release since the announcement of its financial data on November 21st. 
FARE is met with some enthusiasm linked directly to the stock doubling in price recently. Still, the business model is under doubt, as FARE has still not shipped out any of its devices, and so far only seeks patent protections for as many international markets as possible. Thailand, one of its preferable markets, worried investors with recent protests. Otherwise, FARE is still on track to present its meter for motorcycle taxis. Financially, “on track” would translate as:
- $413 thousand cash
- $434 thousand total current assets
- $17 thousand total current liabilities
- ZERO revenues for the past two years
- $277 thousand net loss
The biggest problem for FARE is one common to other penny stocks: a good initial idea, and a future potential in the next quarters and years, but very little possibility in the shorter term. After an optimistic stock trend, FARE may be easily wiped out by selling and mere sentiment, even if the fundamental drive to market remains the same.
On the plus side, FARE has not been promoted by email since the beginning of 2013, which leaves aside the possibility for another bout of disproportionate inflation. But since then, FARE has not managed the same trading volumes, which has left the price stagnating for most of the year. Still, not even the pump caused too much growth, just to the mid-20 cents.
ImageWare Systems, Inc. (OTCMKTS:IWSY) also holds a good and marketable idea, namely biometric technologies. Still, the ticker has its fluctuations, currently sinking down below the $1.70 level after being unable to climb high enough above the $2 mark.
Liquidmetal Technologies, Inc. (OTCBB:LQMT) made an attempt at a higher range, reaching above the 16-cent mark, before retreating a bit again.
If you are looking for an entry point to FARE, keep in mind that real results are still at least months away, and that may test the patience of investors. Avoid investing unaffordable sums, as the current price may easily prove a temporary peak and plunge down to lower levels.
