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Holy Moly 200K in 1 trade!!!
Nice! My guess online poker, some of those big multi-player games on facebook, probably even multi-player phone games. Anything where multiple players can be on at the same time. Like you, I'm no patent expert, so take it for what it's worth.
The damages report came out in Sept for VRN@, which had a June markman, so it looks like we will be waiting until after markman to get it, if that's standard operating procedure.
It ends up in a court filing, that's where you will find it first. People need to understand that anything having to do with the court case that hasn't been filed by the lawyers is not something the company can talk about. I understand people want questions answered, but info before it's time puts the case in jeopardy.
All he said is that they have not completed it yet, thus he could not comment. I did not ask when it would be completed.
He told me he knows who owns what, and that those that own the bigger blocks are in it for the trial.
When you call he picks up. I would suggest starting there. Yes, the corp office. The questions you ask about the games are on the net plus they are in the ATVI financials. The CEO told me the contingency fee numbers are confidential but that they are better than the normal going rate, FWIW.
Something to think about when comparing to a similar stock like VRN@, WDDD has no options to buy, has no warrants to buy, so anyone that wants a piece of this has to come through the front door like the rest of us!
I talked to the CEO today, I asked him about the VRN@ connection, he said he could not comment one way or another, he said he has had many companies call him that are in the patent aggregation business. He has also had many big investors call, and he tells them all the same thing, that they have to buy shares in the open market, he doesn't have any to sell.
Well that is straight from the horses mouth. He was asked about laches and he did not feel it would apply, based on that, and no this isn't a scientific fact, but based on that it's fair to assume the past damages will go back 6 years. He also stated there are about 6-7 years left on the patents, so that's 6-7 years of future royalties to figure. Plus he is saying willful infringment, which would be 3x damages, one cannot discount this, maybe use it as part of your range as to where the stock could be valued. ATVI is a public company, feel free to read all the numbers they have, it's public info, you seem like the right guy for that job, very thorough. You will not find the exact contingency fee as that is confidential, the firm wouldn't want clients comparing with other clients, as there are many factors involved with how they charge one company versus another.
I think that answers all your earlier questions.
Feel free to call the CEO, I'm sure he will answer what he can.
They are claiming willful infringement from the get go, that will not be included in the damages report, so multiply your $150MM X 3, obviously this is something the judge will decide on in the end, but it's a very real possiblility. Plus there will be a RR for future use of the patents. Also 50% for contingency is outrageous, normally it's 33%-45%. Also, you are forgetting the $40MM NOL. Plus there will be more lawsuits coming.
This is from the blog interview:
This kind of action 4 months before markman says this is going to be one hell of a crazy ride!
I agree. People buying right now are mostly going to hold for 4 months+, which is drying up the supply of shares. Selling and trying to trade this thing is dangerous because there may not be many more pullbacks of substance, at least not for a little while, and one may end up paying more to get back in.IMO
WDDD
TPL, check out WDDD, newest patent play, taking Activision Blizzard to court over Call of Duty and World of Warcraft. 2 recent patent plays that have blown up PRKR and VRNG(look at 1 yr chart on both), WDDD is next
http://seekingalpha.com/instablog/384824-joenatural/1562821-wddd-a-conversation-with-ceo-thomas-kidrin
http://enhydrispe.blogspot.com/
Shakerzzz, check out WDDD, newest patent play, taking Activision Blizzard to court over Call of Duty and World of Warcraft. 2 recent patent plays that have blown up PRKR and VRNG(look at 1 yr chart on both), WDDD is next
http://seekingalpha.com/instablog/384824-joenatural/1562821-wddd-a-conversation-with-ceo-thomas-kidrin
http://enhydrispe.blogspot.com/
I want to be clear about this statement:
Does rooting really work? I have been using The Secret on the judge, wonder if rooting is better?
He already stated what he's going to do straight to Google's face. All that money will be coming straight into WDDD, IMO, and then we will see this thing really move hard.
Sounds good, that's good advice!
That's my thinking too Tinkerer! With 5 patents and 59 claims, something has got to stick, plus with Activision settlement happy it could be costly to be out.
Yes, good plan! I don't think this one should be played like the similar VRNG was, because Google just does not settle, Whereas Activision I'm told settles every time.
It seems like a conundrum here, on one hand I'm being told 90% of people will be selling before the markman hearing, June 27th, yet on the other hand I'm hearing that a markman win will be huge for the stock price, as has been seen in similar companies VRNG and PRKR. And I have been told ATVI always settles, which means that could come at any second before or after the markman hearing. Now why would 90% of people sell before the markman hearing if a markman win is huge and ATVI could settle at any second? How much before June 27th do you think people will start selling? If everyone knows everyone else will sell before the markman hearing, then they will all try to beat each other to the door, some will think to get out a week before, but some will figure that's what others will think and leave 2 weeks before, and others will double think them and leave 3 weeks before, and then yet at the same time ATVI could settle on the steps of the courthouse. This is some conundrum!
I get attacked by celtics when I post what he says is negative info, and I get attacked by him when I post positive info, I just don't know what to do???
So are you saying everyone will sell before Markman? I'm confused now, you posted:
Yes, I don't know what the debate is, I plainly stated the whole MMO market and what it could be worth to WDDD. I suppose some will be out right before the Markman hearing and some will hold long, my post was that of a long, everyone is allowed to choose their own strategy. I prefer to put this one in the drawer and see where it's at in a couple of years.
Try reading my post again, thankyou, never said this trial is worth $15, said the whole MMO market would be worth that to WDDD. Feel free to write about Activision all you want, I was writing about the total market available to WDDD. My post is really a long post as opposed to a traders post.
The FACT is there is no damages report as of yet, NONE, so what numbers are you working off??? I can only work off the numbers that are available. We know what the MMO market brings in every year, that's what we do know. My numbers were based on total MMO market, not just this one trial, I was looking at total picture. This 1 trial we can look at ATVI's financials, but they don't split everything up into nice little packages, so there is still much guessing needed. Anyone that says they know what the Activision trial is worth is lying, as no one has those numbers yet, so how can anyone say what this company is worth as of yet? Anything anyone states is a guess, plain and simple, I'm just pointing out what the long term could be.IMO
Please read what I wrote correctly!!! I wrote the MMO market as a whole has $12 billion in yearly sales, obviously the whole MMO market would be infringing, that's not just this 1 case, Activision doesn't even have close to $12 Billion in yearly sales, that is info which has already been posted many many times. I never even wrote pre-markman anywhere, I was talking about settlements and court wins. Good luck!
I never wrote it's going to $15, LOL, I simply stated what 1% of the MMO market would be worth to the company, and that at 34c it's worth the downside risk here. Between $15 and 34c there is a lot of space, so some may think it's worth $1, some may think $5, and some may think $15, all of those numbers are above 34c, thus worth the risk.
The float info is new!
The overhang of the past dilution was just eaten through today and Friday, as can be seen by the action!
I don't believe in the short BS theories, I did when I was a noob, now I know it's dilution, but that past dilution seems for the most part to have been eaten through.
IMO
I simply posted info based on the 2 blogs that involved interviews with the CEO, if you have a problem with the info, contact those bloggers.
The possible numbers are just that, possible, my point was that at 34c it's well worth the risk here. I'm entitled to my opinion!
Funny Stuff
New info has been attained and I changed my position on WDDD
First, the float being 20-25MM makes it an easy mover compared to its predecessor's, VRNG and PRKR. Also, the dilution overhang from the past few years has been eaten through now. Another thing to notice is that a simple blog article moves the stock big, what will happen when real articles start to be written about the stock.
Some highlights from the 2 blog articles:
New stock to hit the OTC, FOHL! You may have heard of it, Fredrick's of Hollywood. It's not a buy right now, but one day it will be, either because it will be so low or because they do a turn around. Their financials are a disaster right now, but they are on my watchlist because it's a name brand everyone has heard of, it is a legit company, very rare find on the OTC.IMO
New info has been attained and I changed my position on WDDD
First, the float being 20-25MM makes it an easy mover compared to its predecessor's, VRNG and PRKR. Also, the dilution overhang from the past few years has been eaten through now. Another thing to notice is that a simple blog article moves the stock big, what will happen when real articles start to be written about the stock.
Some highlights from the 2 blog articles:
WDDD new pick!
Check out VRNG and PRKR charts, patent stock plays, it's the new hottest sector. WDDD is suing Activision Blizzard, ATVI, for infringement.
2 blog posts about the company and lawsuit:
http://seekingalpha.com/instablog/384824-joenatural/1562821-wddd-a-conversation-with-ceo-thomas-kidrin
http://enhydrispe.blogspot.com/
As always, do your own DD!!!
The problem with comparing WDDD with PRKR, which has been posted about on the board all day, is that WDDD is on the OTC and PRKR is NASDAQ. Institutions can buy NASDAQ stocks, not OTC stocks.
Bear Raid!!! Bear Raid!!!
but it's really from past dilution, moot point, same effect. Got my order set at 16c, seems like a good flip from there to 28c, wash rinse and repeat.
In the past 2 months traders made bank here buying around 15c and selling at 28c then buying back in around 16c and selling around 30c.
Recently the CEO said there are 82MM O/S per the SA blogger, that means the O/S went up 4MM in 3 months.
Stock options outstanding and exercisable
Stock Options
Stock options outstanding and exercisable on September 30, 2012 are as follows:
Exercise Price per Share Shares Under Option Remaining Life in Years
Outstanding
$0.35 212,500 1.25
$0.20 300,000 .25
$0.20 300,000 1.25
$0.11 150,000 2.55
$0.11 300,000 .55
$0.076 7,500,000 1.42
$0.05 450,000 1.10
Exercisable
$0.35 212,500 1.25
$0.20 300,000 .25
$0.20 300,000 1.25
$0.11 150,000 2.55
$0.11 300,000 .55
$0.076 7,500,000 1.42
$0.05 450,000 1.10
http://ih.advfn.com/p.php?pid=nmona&article=55038629
wddd