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lol...forgot about .30 close by week's end...didn't even come close. anticipated the great pr, but didn't anticipate the massive selling without which we would have seen the mid-.30's.
better days ahead.
A good weekend to all. There is a good chance that next week we hear the judge schedule a Markman hearing. In any case, only 2.5 weeks until MSJ hearing. Cheers all.
I emptied my investment account today of all remaining cash to buy CVRR and one other stock. Entered a small position here of 900 shares. Can anyone tell me what near term catalysts might drive this stock higher or lower, other than the dividend?
TIA.
I entered a position of 4000 shares today after reading the most recent posts and watching the share price dip dramatically the past 3 days. Can you provide me any valuable information regarding any near term catalysts? TIA.
we are now back to normal volume/trading...2 weeks and 4 days left until oct 17...going through the roof if markman gets scheduled for this year sometime.
i disagree. we don't know who sold or why they sold. what we need is not the price to hit .269 but a date set for the markman hearing. setting a date will bring buyers in.
Yes. It is better long term (over the next weeks and months) but many here are in it for a quick buck, in one day and out a few days later. If they hold WDDD for longer than one week they get very upset.
If you are here for a while, through the Markman hearing results, then what is taking place right now will be of immense benefit down the road.
wish i had waited until today to buy all my shares. would have 850,000 rather than just 515,000. lol. life marches on.
WDDD was trading 150-200k shares a day prior to Monday of this week. I think they started selling them on Monday, so they are 3 days into it. My guess is they sold 3 million today, and retail sold about 500,000 (wild guess), mostly in panic. If bhonda is right, and I think he is, then they would have sold about 4 to 4.5 million already in the past 3 days.
It doesn't make any sense to short this stock right now. Thom is not planning to dilute anytime in the near future. If you don't believe me, call him.
I agree...this makes for a great buying opportunity which will soon be gone.
Let me ask a really dumb question, "Is anyone who currently owns shares not underwater right now?"
If there is anyone, congratulations!
I crossed over the 500k share threshold. Now am waiting for the results of the Markman hearing, whenever it is held.
Can someone post an L2 shot? How many more shares need to be sold before the seller is done?
I added more too at .201. The trading for the last three days is unbelievably unusual, and today tops them all. The only explanation I can come up with is some highly influential people wanted into WDDD and they are being allowed in. No one in their right mind would sell at these prices.
No doubt many of us are panicky, but don't sell your shares at these prices. Someone wants you to sell to them.
A stock cannot get much more oversold than WDDD is right now. Someone major is selling shares. If they had not been selling shares, this would be in the mid-30's by now. When they are finished the price will go North steadily and surely.
Nice buys for those who bought in the high teens and lower 20's.
October 17 cannot come soon enough.
Retail is definitely not selling right now. Someone else is doing the selling. Nearly every single retail owner of the stock is underwater right now, including probably every single one of us on this message board.
EDVA'S PATENT BLOG
WDDD Officially Receives Certificates Of Correction – Files Motion To Reinstate October 17 Markman Hearing
25, SEP
Worlds has filed a “Notice of Supplemental Authority” motion with the court in which it has submitted copies of certificates of correction (received yesterday from the USPTO) upholding Worlds Priority Date of November 13, 1995 (on the ’045 and ’690 patents) and asks that the October 17, 2013 Markman hearing date be reinstated to be held in conjunction with the Motion for Summary Judgment hearing. Absent that, Worlds asks for a new Markman date to be set at the earliest possible time. Certainly the case for reinstating the Markman date is logical but we are not comfortable speculating on what Judge Casper might do.
If you want to catch up on what the certificates of correction mean or how this fits into the case please read our earlier post on the subject. In short, Worlds receiving these certificates sends an enormous shot across the bow to Activision, one which may well result in undermining their entire defense.
I am posting Exhibit A and Exhibit B to the motion filed by Worlds counsel yesterday. These exhibits are actual copies of the certificate of correction. In addition you can find the full motion here.
I would encourage interested investors to go back and look at our prior posts relating to the arguments that will come at the Markman hearing (should Judge Casper reject ATVI’s MSJ, and we think she will) and the likely damages that Worlds will seek. These arguments are every bit as strong today as when we originally posted them.
Uh huh. We'll find out for sure on Friday at close of day :)
The judge is "she" not "he." Her name and title is Judge Denise Casper.
Desperation PR?
The news about the correction was known, but is now verified as true. Corrections like this one take time. They wanted to wait to put it in a PR until they had the courtroom paperwork filed too. This is not desperation. This is called "Calculation."
But WDDD's request to have the Markman on October 17 is brand new and changes the entire landscape of WDDD. If the judge honors the request, the Markman will be less than 3 weeks away!
The only one desperate right now is you, Joe.
New Pacer out last night: #107
WDDD requests the Markman hearing on October 17 or the earliest feasible date (I bolded the request below):
UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF MASSACHUSETTS
WORLDS, INC.,
Plaintiff,
v.
ACTIVISION BLIZZARD, INC., BLIZZARD
ENTERTAINMENT, INC., and ACTIVISION
PUBLISHING, INC.,
Defendants.
Civil Action No. 1:12-CV-10576-DJC
JURY TRIAL DEMANDED
WORLDS, INC.’S NOTICE OF SUPPLEMENTAL AUTHORITY IN
OPPOSITION TO DEFENDANTS’ MOTION FOR SUMMARY JUDGMENT
Plaintiff Worlds, Inc. files this Notice of Supplemental Authority to bring to the Court’s attention authority that is relevant to Worlds’ Opposition to Defendants’ Motion for Summary Judgment (Dkt. No. 89). On September 24, 2013, after the conclusion of the summary judgment briefing, the PTO issued Certificates of Correction for U.S. Patent Nos. 6,219,045 (the ‘045 patent) and 7,181,690 (the ‘690 patent), which make clear that the ‘045 and ‘690 patents are entitled to a November 13, 1995 effective filing date. See Decl. of R. Caughey, Exs. A and B. The Certificates of Correction are highly significant because they reflect the PTO’s recognition that the ‘045 and ‘690 patents are entitled to claim priority to Worlds’ November 13, 1995 provisional patent application. For this reason, the Certificates of Correction moot much of Defendants’ Motion for Summary Judgment. See Inland Paperboard & Packaging, Inc. v. Sihl GmbH, 2005 WL 1528240, at *1 (S.D. Ind. June 21, 2005) (denying summary judgment because defendant’s “argument for invalidity would be moot” if the PTO were to grant certificates of correction). Irrespective of any other issues, the Certificates of Correction apply prospectively to Defendants’ ongoing infringement. See E.I. DuPont de Nemours v. MacDermid Printing, 525 F.3d 1353, 1362 (Fed. Cir. 2008) (certificates of correction apply prospectively to all future acts of infringement, and “each act of infringement gives rise to a separate cause of action”). Furthermore, Worlds renews its request that the Court promptly schedule the Markman hearing. In light of Defendants’ Motion for Summary Judgment (which Defendants contended was case-dispositive), the Court postponed the Markman hearing indefinitely. Now that the PTO has issued the Certificates of Correction, this case will go forward regardless of the Court’s decision on Defendants’ Motion. Therefore, Worlds respectfully renews its request to hold the Markman hearing on October 17, 2013, simultaneously with the summary judgment hearing. In the alternative, Worlds respectfully requests that the Court set the Markman hearing for the earliest feasible date.
Respectfully submitted,
Worlds, Inc.
By its attorneys,
/s/ Ryan V. Caughey
Max L. Tribble (admitted pro hac vice)
mtribble@susmangodfrey.com
Brian D. Melton (admitted pro hac vice)
bmelton@susmangodfrey.com
Chanler Langham (pro hac vice pending)
clangham@susmangodfrey.com
Ryan Caughey (admitted pro hac vice)
rcaughey@susmangodfrey.com
SUSMAN GODFREY L.L.P.
1000 Louisiana Street, Suite 5100
Houston, Texas 77002
Telephone: (713) 651-9366
Filed 9/24/13
If we hit the teens tomorrow people should buy this stock right back up to the .20's. But I will not be shocked if we get some sort of news before trading begins tomorrow. Days such as yesterday and today do not happen for no reason. It was done on purpose, and because it was done on purpose, I expect some sort of news out either tomorrow or Thursday.
I'm long term, holding at least until we hear the Markman results, and more likely until we hear news of a settlement. The reason I think we'll be in the .30's this week is because days like yesterday and today do not just happen. They happen for a reason, and the reason is very often a catalyst to come. I could be wrong, and if we are not back in the .30's this week I will not be even remotely disappointed, but my guess is we get there by week's end.
We will know for sure by Friday at 4pm ET :)
Cheers all.
I picked up more in the .22 and high .21's. Couldn't resist. Now I am fully loaded, I think!
I am sticking by my claim: .30's by end of week. Maybe I'll be wrong.
3 weeks and 2 days until MSJ. Hope everyone is getting in at these prices.
Smart move if they come. My guess is we will be in the 30's by the end of the week.
Chapter 11 bankruptcy is for relief from creditors. WDDD does not have creditors right now and has no real expenses. Thom Kidrin would stop taking a salary and live on rice cakes for a year if he needed to.
Thank you to all who sold to me again. I am finished buying. Picked up another 50,000 shares in the high .23's. Didn't think I would get them but glad I did.
Cheers all. Keep your eyes on the case. Thursday marks 3 weeks until MSJ hearing.
They are not working pro bono. Pro bono means free of charge. They are working contingency, meaning they will not collect one thin dime from WDDD until WDDD gets paid. Susman and Godfrey's get paid only after WDDD gets paid.
Susman Godfrey know the litigation process takes time. They are very much on board with seeing the case all the way through.
Cries of dilution or bankruptcy are ill-founded. You can call it using your head, but I will call it trying to drive the price lower. WDDD's stock price has less to fear from dilution than it does from bashers throwing out false information. But I am not worried about either. Thom Kidrin, the CEO of WDDD, is the largest shareholder in WDDD and is therefore the shareholders largest advocate. No one stands to lose more money than he does if the share price drops, and no one stands to make more money than he does if the share price goes up. The case is strong. The time for investor interest is near. WDDD will have its day in court at a Markman, and when it does, ATVI will be shook hard. ATVI is doing everything in its power to avoid a Markman hearing. Do you know why? Because they know a Markman hearing will sink them. Think about that for a moment, too. They are about out of delay tactics, if they are not already out entirely. Get ready. Exciting times ahead.
Cheers.
Alphi,
If you are trying to get in early next week at a cheap price, you should be embarrassed for your bashing and just buy in and wait like the rest of us.
Bankruptcy? Come on. WDDD's cash burn is almost nothing per month. Even if WDDD had no cash left in the bank (which is not the case), they would only need to sell 100,000 shares/month at the current shares prices to keep the doors open. Think about that for a moment.
Paying the lawyers? Are you unaware Susman Godfrey lawfirm took WDDD's case against ATVI on contingency? WDDD doesn't owe its lawyers anything until WDDD gets paid. So it matters not if WDDD gets paid in 4 months or 24 months; the company doesn't owe Susman Godfrey anything until such time as it makes money on its litigation case.
Most of the people in WDDD by now are investors who know why they are here and what to look for. Your baseless comments may scare one or two into selling, but more than likely your comments, and the responses to them, will drive the share price up. Your concerns are ill-founded. Thank you for the opportunity to prove to the board once again why WDDD is a very good investment and why right now is a very good time to be invested.
October 17 is just 3.5 weeks away.
Cheers all.
Yes, and on a case with 100's of million of dollars on the line. The huge amount of money may have been one reason to put Tribble on this case.
Things will start moving in the weeks ahead. I give it 1.5 weeks before we really start taking off. I will not be taken aback if WDDD requests a Markman hearing for October 17. The court may not grant it, but I could see Susman Godfrey asking for it anyway. Exciting times ahead.
I took the dive for another 35,000 shares. Now I am fully loaded, patiently waiting for the MSJ and Markman. Have a great weekend all. Thank you to the one who sold to me down here.
Quite contrary, this stock is about to head far North of here. Time will tell who is right. Bye Joe. Thanks for your discredited opinion.
One of the rules of trading these stocks is you buy when others are selling, and especially when they panic sell. The case has not changed. Now is an awesome time to buy!
Cheers all.
Loading. They are filling orders like mad this morning.
I agree with you all the way.
Flyers,
Stranger things have happened. I have not invested in WDDD in the hopes VRNG will buy them out or take them over, but such is possible if even as a long shot. If WDDD is successful at Markman, the company will be worth 10's and 100's of millions of dollars. WDDD may not have an in house expert to leverage the technology further, but they won't need such an expert either. VRNG could buy them out and hire such an expert and then go after a multitude of infringers for hundreds of millions more.
I don't think VRNG will take WDDD over, but if they did, they would find a way to make money off WDDD's patents. But I don't think WDDD wants to be taken over right now. They stand to make much more money in court than they would if VRNG bought them out.
Now, back to the MSJ hearing on October 17...
I can't know whether October 17 will make a difference. I think it will because there is a big difference between thinking the MSJ will be denied and having the judge actually deny it (certainty helps share prices).
The fat lady has not sung the Markman blues just yet. There are still four weeks left. WDDD might just request the Markman be put on the calendar for October 17 in addition to the MSJ. If that happens hold on tightly. WDDD will be setting a new record high. In any case, WDDD's case will soon be heard at a Markman hearing. Whether it happens in one month or 3 months does not matter to me (though I think it will happen sooner than we think). I'm loaded up and waiting.
Whether or not VRNG takes over WDDD, WDDD is about to shoot through the roof. I give it two weeks and the 20's and lower 30's will be under our feet.
Exactly four weeks from today WDDD and ATVI will meet in court. Exciting times ahead very soon.
Right now is time to load the rocket. WDDD will take off within the next 2 weeks and the 20's will be a distant memory. Hurrah to the ones who loaded .25's all day today. .25 will be a long lost bargain in a couple weeks.
Cheers all.
Alright, the bashers are back! Get ready to head up!
The illegal short selling was in the past, not today. If anything, this most recent news is another great incentive to own WDDD today. October 17 cannot come soon enough. Go WDDD!
Saw it. BCYP is too hyped in my opinion. The share price appears locked in where it is at due to many people getting out for a quick profit. I don't see it going anywhere North anytime soon.
I like WDDD more and more as time progresses.