Thursday, November 30, 2017 5:27:33 PM
Incorrect.
"Our noteholders’ agreement to rollover their notes on reasonable terms is a testament to their belief in the long term outcome of our patent infringement litigation against Activision/Blizzard as well as their belief in the ultimate value of our patent portfolio.”
"For the immediate future, Worlds will fund operations through sale of its shares in MariMed Inc. in an orderly manner into the market."
FYI, the market price of WDDD's stake in MRMD is around $4M.
Accrued expenses will continue to accrue (as they have for over 5 years), and the notes payable will continue to be deferred until settlement or court decision. The noteholders are shareholders and would much rather extend than dilute their own shares. Common sense.
Ah, are we back to fearmongering of .01s with no basis for saying such or any explanation of why (just a "gut feeling")? Thought those days were past us?
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