It's all just fluff. I doubt they have anything to say this is going to help us. Can't trust them anyway. The only actionable information will be the next earnings report which will tell us whether they really had the "sales" they said they had in the forth quarter. My bet is that there wasn't anything material.
fare hangs in there? lol. that's because no one cares about fare anymore other than a few people wanting to take a cheap shot in the dark.. To talk about this stock in relation to the market is nonsense
It's not good news. It's more BS by hired pumpers. Notice they did not specifically say that MW meters specifically were a big part of the plan, just meters in general. OF COURSE they will use meters. MW isn't the only company the makes meters. Sales numbers is still the key thing that will matter
i'm not bitter. This won't be the first company I've lost money on. I recognized it as a gamble when I bought it and I won't lose any sleep over it if it does go out of business. My intent is just to maintain some balance on expectations here. Hope for the best and prepare for the worst. They've proven we can't trust their announcements. Hopefully we can this time but don't count on it because history indicates they won't be.
This is my last post on this company until next year at which time if they are still around I'll probably be more optimistic.
I'm certainly not trying to talk anyone into selling. I'm letting it play out but just the the optimism reflecting by many is unfounded. I've already lost 95% of my investment and only have another $800 at risk at this point so there isn't any reason to sell. I wouldn't want to encourage anyone to risk something they don't want to lose here though since I think the most likely scenario is that we lose everything and as much as we all hope I'm wrong I hate to see someone go postal if I'm right because they bought into the positive comments on here.
ironically enough I was just going to post the other day that I bet they delay their 10-Q so we won't know yet if they have any revenue. Somewhere along the way I confused myself on when it was due.
Not the first time it's been delayed though so could just be normal , despite being a tiny company they seem to have issues collecting the info or presenting it correctly to the SEC. We'll see which is it when they finally file it.
By the way filing a 10Q doesn't mean the company is legit, lots of fraudulent companies do it. Not that FARE is fraudulent but just saying that filing with the SEC is no indication of their legitimacy as you seem to be claiming.
I applaud the effort Doc but you must not have held this since the beginning. You seem unaware of the many announcements they used to make. These have been deleted from the FB page since they have obviously proven false.
I don't actually think they intentionally mislead us I think they just keeping failing their own expectations.
because Doc they have said they shipped them before. That was my point. Just because they say they ship stuff doesn't mean they do. This isn't the first "PRODUCTION RUN" of the meters. They old manufacturing company had a production run also that they said they shipped from.
what is the incentive for single parties to buy the meters? Do you know where the individual is from? Is this in a country where meters are already mandated?
well the only way they are going to sell it is to get the governments to mandate it. The taxi drivers don't want meters. They get to charge anything they want the way it is now. From the way they were talking a few years ago it sounded like that was going to happen but apparently that information is about as reliable as everything else they've said.
Hail Yes might have a chance of working but there are a ton of companies trying to do the same with orders/deliveries so I'm not optimistic about that either. I would have incorporated some GPS advertising stuff with the meters which I also thought they were going to do but I don't think that materialized either.
Anyway as we've all said the only thing to do is wait another couple of months. they should either have something selling by then or they should be out of business. I have a suspicion that they are already out of business but we haven't found out yet but that may be untrue of course. Anyone know anyone close to their offices that can check if they are still in the building?
well there was no revenue in the q1 statement and I'm not expecting any revenue in the upcoming Dec 31 statement. Whether it is a new company or not (which it actually isn't a new company although it is a new "business" for them which is why the company was renamed so I'll accept your statement) isn't a reason to give it time to make accurate statements. Their posts should reflect the facts and they obviously haven't. If there is no revenue in the next 10q then I don't want to hear anymore about "sales".
Also it is normal for companies to publish the unit numbers when they post notices of sales, they don't wait for the quarterly statements so that excuse doesn't fly with me either. It would be easier for people posting in the message board to keep to the facts if we could actually get the company to do it in their posts.
well I said I was done posting on this site but it's shocking to see someone still posting something positive about this stock arta. We all know about the fidelity website , that isn't some big secret so you can quit pointing it out. Your belief in "a positive insider trend" being positive for the stock in this case is foolish.