Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Dropped 50% on 450 shares. Wow! Hopefully, we get that kind of action, on low volume, when it starts moving back up.
Hopefully, a good or strong economy will provide some opportunities for WDDD to transform itself into a winner.
L4BC must be sad today with the outcome of the election, and not connecting the dots about opportunities for WDDD.
Republican administrations favor small caps and businesses
Hopefully it will help wddd get the deal done
Come on tom get it done
I see trash can and toilet emojis again. I didn't say a bus ticket to San Francisco or Los Angeles!
I see trash can and toilet emojis again. I didn't say a bus ticket to San Francisco or Los Angeles!
Thom might owe L4BC a bus ticket, for a vacation, as he (allegedly) owns 5%-10% of the company?
He keeps collecting a salary. His baby is on life support. His friends and investors took a risk He doesn't owe anyone anything.
I think he could make something happen here, but time is growing short, in my opinion.
The instability and fighting in the Middle East is a destabilizing force, which could result in higher oil prices very soon. That will lead to more inflation and will take the markets down with it.
If Trump wins the election, forces propping the market up for the last year or more will let it collapse. They will hand him a recession as an obstacle to his agenda.
So if Thom doesn't get things done soon here, I believe the window of opportunity is closing. Most businesses aren't expanding in a contracting economy or during a recession.
We will have to wait and see.
I hope your bet pays off. Good luck!
Ha ha
Do believe the bet will be a winner
Kidron has to do something he has to much to lose by keep screwing his friends and investors
A sad commentary but believe it’s true
Will pull something out of his ass soon
OP1, if it's you taking these little bites of 30k and 40k each day, we may have to call you Pacman!
Hopefully, the bet pays off. Good luck!
Without question currently a mess
Hoping for one more hurrah
The little bites at 40k shares add up over time. If it hits, those little bites will look like a great plan coming to fruition.
Hopefully, he can pull something together and make a win out of what has become an extended train wreck here.
Still very long and
have added recently though tough to buy even with sellers around
Without a doubt kidron is working on something in
regards to wddd if he hits it will be big and definitively blast the stock up
We will see what happens hopefully soon either way
Thom's other play RLBD, is down to .0001. Not looking good over there. Lost 99.9% of value.
Hopefully, WDDD doesn't follow the same path.
Good riddance imo he looked a little creepy
Lets see, we are trading at .007. L4BC said "you" should be safe buying up to .70, which is 100x where we are at.
Somehow, I don't think he follows his own advice. The buying up to .70, is for "you" not for him.
Unfortunately, his advice didn't age well, again.
Don’t think freeman ever received any stock since he stupidly pull out of the deal
Curious anyone here selling ?
Or maybe it's Jordan Freeman's shares, which Thomas Kidrin has bought back ;)
In the month since Jordan Freeman's resignation, approximately 2 million shares have been traded, with "0" dilution
https://www.otcmarkets.com/stock/WDDD/security
Don’t think the recent sellers have any idea what is going on.and maybe be selling to take
advantage of the 30 day rule (hoping the news does not come by buy back time)
Added a large amount
Hopefully the speculation will be correct and news coming will be huge
What happens in Vegas stays in Vegas ha ha
Think kidron will pull something out soon just not sure what other than something different
Hopefully, he has some more cards to play and perhaps dealt from the bottom of the deck.
Kidrin liquidated some asset for $400K, not too long ago? That should be about two years of salary for him to keep this going?
We are playing... or cooking, the more time the better the roast comes out ....
Is it cooked or
Does kidron have one more card to play
Not exactly the Midas touch!
Kidron's other prize enterprise, RLBD, is now selling for .0002. What a stellar CEO!
Dallas-based Worlds Inc. has secured U.S. patent #12106569 for a system that tracks 2D objects in a virtual 3D space, invented by Nik Willwerth, Paul Aarseth, Ross Bates, and Ruben Luna. The technology integrates sensor data to create a virtual 3D environment that mirrors real-world movements, enhancing operational capabilities for industries such as logistics, security, manufacturing, and defense.
https://dallasinnovates.com/patented-dallas-based-worlds-object-tracking-in-a-virtual-3d-space-and-more-north-texas-inventive-activity/
Worlds Inc. (OTC QB:WDDD) is an intellectual property developer related to 3D online virtual worlds. The Company is looking to monetize its collection of non-fungible tokens and its legacy celebrity virtual reality worlds.
https://www.otcmarkets.com/stock/WDDD/profile
Good find, this could be a bombshell, there is something we are missing here... who paid $400,000 for a domain? Why did WDDD close in 2023 without losses? Why is WDDD listed on the top OTC?
WDDD has 70 million in NOLS, would this company related to 3D patents, if it merged, be compatible with WDDD's NOLS?
WorldsNQ I think is not listed on the STOCK EXCHANGE... could there be a WorldsNQ-Worlds, Inc MERGER???
These are assumptions...
Exactly! And I unloaded half my shares when that happened.
It's happened before. We got confused with some Covid test I believe and the price spiked. Back in the day.
Makes sense now. I didn't know the object of the sale was disclosed. So we DID get something for our intellectual property after all?
Hey maybe Worlds Inc of Texas obtaining patents in the 3D worlds space might be interested in a shell company to merge into with the symbol WDDD, that might be a match? Thom's apparently already done one transaction with them.
Makes no sense to me either. Why sell for peanuts? Ride it out or at least wait until December for tax purposes.
That might be a good thing. Perhaps investors get confused and buy in here spiking the price, allowing some who are stuck here to unload.
Didn't Thom get $400K for selling that name?
I don't understand the mentality of selling at diddly squat prices. It stinks to me of Thom trying to kill off this pestilent beast once and for all. So that he can enjoy retirement without all this distraction.
WDDD is the Rodney Dangerfield of the investing world. Don't believe me? Here's another company infringing on our company name:
"Patented: Dallas-Based Worlds' Object Tracking in a Virtual 3D Space and More North ...
Dallas Innovates
Dallas-based Worlds Inc. has secured U.S. patent #12106569 for a system that tracks 2D objects in a virtual 3D space, invented by Nik Willwerth ..."
https://dallasinnovates.com/patented-dallas-based-worlds-object-tracking-in-a-virtual-3d-space-and-more-north-texas-inventive-activity/
Frustrated folks selling out. If you believe it has a chance to turn around, then maybe it's worth a shot, with the cheap shares.
Just don't buy up to .70! That's a bag holder strategy.
Just guessing though there is really something going
Taking a calculated risk with short money
Will let you know what the gain will be if it works out
The quiet before the storm ha ha
Kidron won’t talk to anyone ?
Lucky yesterday a little surprised
I guess you picked up some more cheap shares.
It's a guess, but precisely because of this WDDD could merge with a company in the sector... although I really don't know what sectors WDDD is dedicated to ... gaming, cryptocurrency, Prepackaged software... as of today WDDD is worth $456,900, whatever it is, they are taking a lot of trouble to have everything in order and above all not to dilute, we have to wait and see, I will put my shares up for sale above $
I am not a TAX EXPERT, but it is evident that WDDD has accumulated losses of $70 million, that is a lot of money, for me a great asset, we will see if it is possible and if Thom knows how to manage it.
(c) Carryforwards disallowed if continuity of business requirements not met
(1) In general
Except as provided in paragraph (2), if the new loss corporation does not continue the business enterprise of the old loss corporation at all times during the 2-year period beginning on the change date, the section 382 limitation for any post-change year shall be zero.
Worsens. 150k shares crushed pps....
26 U.S. Code § 382 - Limitation on net operating loss carryforwards and certain built-in losses following ownership change
(c) Carryforwards disallowed if continuity of business requirements not met
(1) In general
Except as provided in paragraph (2), if the new loss corporation does not continue the business enterprise of the old loss corporation at all times during the 2-year period beginning on the change date, the section 382 limitation for any post-change year shall be zero.
Game. Set. Match. WDDD NOLs = worthless to any acquirer
SEC. 269: ACQUISITIONS TO EVADE OR AVOID TAX
Sec. 269(a) provides that any tax benefit, such as a deduction, credit, or other allowance, may be disallowed if it is obtained by a person or corporation acquiring control of another corporation with the principal purpose of avoiding or evading federal income tax. The meaning of "control" here is critical: ownership of stock possessing either (1) at least 50% of the total combined voting power of all classes of stock entitled to vote; or (2) at least 50% of the total value of shares of all classes of stock. Control, for this purpose, may be acquired indirectly, as when a company redeems its shares from other shareholders, leaving a shareholder with a controlling interest.
For Sec. 269 to apply, an acquisition of control of a corporation must occur. For example, the Fifth Circuit has held that Sec. 269 did not apply to the acquisition of nonvoting stock representing less than 50% of the corporation's value, where one shareholder held all voting stock before and after acquisition (Jackson Oldsmobile, Inc., 237 F. Supp. 779 (M.D. Ga. 1964), aff'd, 371 F.2d 808 (5th Cir. 1967)).
Also, although the percentage of voting stock owned by the acquiring person or corporation is generally the critical factor in determining voting power, record ownership is not the sole criterion for determining voting power where there is other evidence to the contrary and voting power is not merely the holding of voting stock shares. The Federal Court of Claims has stated that "the ultimate expression of voting power is the ability to approve or disapprove of fundamental changes in the corporate structure, and the ability to elect the corporation's board of directors" (Hermes Consol. Inc., 14 Cl. Ct. 398 (1988)).
An acquisition has not occurred for purposes of Sec. 269 where the taxpayer revives its own controlled dormant corporation for use in different circumstances, because control has not been broken (see The Challenger, Inc., T.C. Memo. 1964-338). Control must be in some way relinquished and reestablished for there to be a change. Under former Sec. 129, the predecessor of Sec. 269 in the Internal Revenue Code of 1939, "[a] mere shift in the form of control — from direct to indirect, from indirect to direct, or from one form of indirect to another form of indirect — cannot ... amount to the acquisition of control" (S. Rep't No. 627, 78th Cong., 1st Sess., 60 (1943)).
Tax avoidance as a 'principal purpose'
Tax avoidance is the principal purpose of a transaction if it "exceeds in importance any other purpose" (Regs. Sec. 1.269-3(a)). Some courts have interpreted the statute to require that the tax-avoidance purpose exceed all other purposes combined, not just any other single purpose (see U.S. Shelter Corp., 13 Cl. Ct. 606 (1987); Bobsee Corp., 411 F.2d 231 (5th Cir. 1969)). Valid legitimate business purposes for forming new corporations include limiting of liability, obtaining increased borrowing power, and simplifying reporting requirements. Tax planning may be a purpose as well, as long as evading or avoiding federal income tax does not exceed in importance any other purpose.
Former Sec. 129, the predecessor to Sec. 269, was enacted in 1943 to give the IRS a weapon to combat certain then-common tax-avoidance transactions, such as those where a corporation with large excess profits acquired a corporation with current, past, or prospective losses or other tax benefits for the purpose of reducing its own income and taxes. Most of the cases that have arisen under Sec. 269 and its predecessor "have dealt with the sale by one control group to another of a corporation with, typically, a net-operating loss carryover, and the efforts of the new control group to utilize this carryover by funneling otherwise taxable income to a point of alleged confluence with the carryover" (The Zanesville Investment Co., 335 F.2d 507, 509 (6th Cir. 1964)).
SEC. 382: NOLs AND BUILT-IN LOSSES
If Sec. 269 does not preclude a corporation from taking advantage of the tax benefits of a target corporation, Sec. 382 may limit the amount of NOLs and built-in losses that can be applied each year to post-acquisition or merger earnings. In very general terms, an "ownership change" for Sec. 382 purposes takes place if the percentage of stock of the corporation owned by one or more 5% shareholders increases by more than 50 percentage points over the lowest percentage of stock owned by these shareholders during a three-year testing period (Secs. 382(g) and (i)). An ownership change occurs where the loss corporation is acquired in either a taxable purchase or a tax-free transaction, including a tax-free asset reorganization described in Sec. 368(a)(1)(A), (C), or (D).
The amount of pre-change losses available under the annual Sec. 382 limitation equals the value of the old loss corporation immediately before the ownership change multiplied by the federal long-term tax-exempt rate. Sec. 382(k)(1) defines a loss corporation as a corporation entitled to use an NOL carryover or having an NOL for the tax year in which the ownership change occurs. A loss corporation also includes any corporation with a "net unrealized built-in loss." A corporation has a net unrealized built-in loss if, immediately before the date of the ownership change (the change date), the aggregate adjusted basis of the corporation's assets exceeds their fair market value (Sec. 382(h)(3)(A)).
If a corporation has net unrealized built-in losses on the change date, the acquiring corporation treats them as pre-change losses that can be offset against post-change income only to the extent of the Sec. 382 limitation (Sec. 382(h)(1)(B)). A recognized built-in loss is any loss recognized on the disposition of an asset during the five-year period beginning on the change date (except that the amount of recognized built-in losses treated as pre-change losses is limited to the amount of net unrealized built-in loss) (Sec. 382(h)(2)(B)).
And, BTW, an NOL can only be used to offset the EXACT SAME LINE OF BUSINESS - which in this case is the licensing and litigation of the now-dead patents and the David Bowie shit (to the extent that the David Bowie shit generated losses. That is why you see all kinds of dead money-losing pennystocks that nobody is buying for the NOLs. There are plenny of them lying delisted and dead with large operating NOLs that simply cannot be used because the line of business used to generate the NOL is simply not viable as a profitable business - just like WDDD's NOLs. WDDD's NOLs are worthless unless those exact patents somehow become a profit center, which they won't.
The NOL issue is brought up on iHub in many of the failed pennyscam stocks by baggholders, and I have never seen a case where they were correct. Pennystock NOLs are essentially worthless.
What Is Net Operating Loss (NOL)?
A net operating loss (NOL) occurs when a company’s allowable deductions exceed its taxable income within a tax period. The NOL can generally be used to offset a company’s tax payments in other tax periods through an Internal Revenue Service (IRS) tax provision called a loss carryforward.
NOL tax laws have undergone significant changes in recent years. Net operating losses in 2021 or later may not be carried back, and NOL carryforwards are limited to 80% of the taxable income in any one tax period.
https://www.investopedia.com/terms/n/netoperatingloss.asp
Do you know what a NOL is? Few companies have tax assets to deduct from $46,969,656 among other assets
"Well, if you do a little research and Google the amount of OTC shells up for sale to potential private companies wanting to go public, it's an over-saturated market. There simply aren't many companies that want to take this route now. Hence, the 100s or 1000s of shells not selling."
I hope so, but what do you say he “clearly” is working on a deals. Has he been cold calling 100’s of potential people to pitch and/or sending out 1000’s of emails looking the right company that wants to go public?
Followers
|
305
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
47037
|
Created
|
05/02/07
|
Type
|
Free
|
Moderators |
Worlds Inc HistoryFounded in 1994, Worlds Inc. invented and patented technology to solve problems associated with large-scale 3D multi-user environments, known as virtual worlds. Worlds secured an early priority date by filing a provisional application with the USPTO in Nov, 1995. Within a year, Worlds filed a non-provisional patent application, claiming the priority date of their 1995 provisional application. Worlds has pursued additional claims associated with their invention through a series of continuing patent applications, amassing a substantial patent portfolio:
On Mar 30, 2012, Worlds filed a patent infringement lawsuit against Activision. Worlds’ lawsuit seeks monetary damages as well as a permanent injunction barring the manufacture and sale of infringing devices. Additionally, the complaint accuses Activision of willfully infringing and seeks an award of exemplary damages, attorneys' fees, and related court costs. RepresentationSusman Godfrey is representing Worlds, without fee, unless the lawsuit is successful or is favorably settled out of court. Susman Godfrey is considered the top litigation boutique in the country.
Paltalk v. Microsoft Mass Engineered Design v. Ergotron & Dell, et al Sky Technologies v. Oracle Sky Technologies v. IBM November 30, 2016 IPR PTAB Validation on Worlds Patent 8145998 Claims 2,3,7,8, 11-18 https://www.scribd.com/document/356626284/IPR-8145998-7493558-718690-Worlds-Inc IPR PTAB Validation on Worlds Patent 7493558 Claims 5, 7 https://www.scribd.com/document/356626282/IPR-7181690-Worlds-2-of-3 IPR PTAB Validation on Worlds Patent 7181690 Claims 4, 8, 13, 16 https://www.scribd.com/document/356626285/IPR-7493558-Worlds-3-of-3 December 5th 2016: | |||||||||||||||||||||||||||||||||||
3-24-22 WORLDS INC | |||||||||||||||||||||||||||||||||||
NEW DIRECTION | |||||||||||||||||||||||||||||||||||
With a legacy as the creator of the first celebrity 3D virtual worlds and intellectual property for multi-server technology for 3D applications that are the foundation of many massively multiplayer online role-playing games (MMORPGs), Worlds is now developing the technologies that will power tomorrow’s immersive worlds and applications. By strategically leveraging NFTs and cryptocurrency to monetize digital assets, as well as interweaving cryptocurrency and NFTs with new virtual reality (VR) and AR technologies in innovative ways, Worlds is reshaping and further enhancing areas as diverse as entertainment, business, education, sports, fine art collecting, shopping and many other aspects of our lives. For additional information about Worlds, Inc., please visit: www.Worlds.com | |||||||||||||||||||||||||||||||||||
TWITTER: https://twitter.com/WorldsInc?s=20&t=l46zAf6pYD8uEcm06yp7ZA | |||||||||||||||||||||||||||||||||||
https://www.otcmarkets.com/stock/WDDD/news/Worlds-Inc-Leveraging-Legacy-in-Virtual-Reality--Gaming-to-Develop-Technologies-to-Power-Tomorrows-Metaverses?id=349296 | |||||||||||||||||||||||||||||||||||
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |