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Stark,
The merits of this case are huge. What WDDD plans to ask for in a jury verdict is much more money than what has been asked for previously. WDDD has the law to back it up regarding a percentage of the money made and triple damages due to wilful infringement. In short, the reason this case is so large is because of the fact it is a billion dollar industry which is using WDDD's patents! Load up here and then wait for at least 6 months. You'll be glad you did.
Today looks like a good loading day. One or two of the usual panic sellers who don't know what they own, selling 50,000 or 100,000 shares, a small amount. Not sure why someone would exit now, especially on the precipice of news related to the USPTO correction and a possible change in October 17, but some people just get fidgety. Loading in the upper 20's now; won't be long and such prices will be a distant memory...
Nice work! This helps put WDDD's case in perspective: it is massive, simply massive. No wonder Susman Godfrey took the case on contingency.
You can be most certain Susman Godfrey addressed the issue before they took the case as it makes a 300% (treble damages) for each year of infringement.
Your perspective is a good one regarding not wanting to become a witness. If you stumble across something, please post it. I've got my eyes on Pacer for any lawyer moves.
I don't think you created any panic. I'm guessing 80% of the shares (if not more) are locked up by people who know why they are here and what to wait for.
Cheers.
Bsav,
Great question. Instead of trying to acquire pertinent information via a known flip-flopper who will likely tell you whatever will most benefit his pocket-book at the expense of others, call Thom Kidrin yourself. The question you ask does not pertain to confidential information, but pertains to what should be considered public information. I suspect he will have a ready answer. If you don't mind, could you ask Thom if you can post the main point of his response on this board? If not, I'll probably call him myself to get an answer. His phone number is: 617-725-8900. He usually answers promptly; if he doesn't answer call back later.
First, the WDDD patents were established in 1995 and so the enforcement of such patents will be allowed under the old rules. FYI: the Obama administration has neither formulated precise patent laws as of yet, nor proceeded to get such laws passed. It would take a minimum of a couple years to get something like patent reform passed into law. However, the administration will not (and likely could not even if they wanted to) annul current patents. If it would pass any laws in the future, those laws would pertain to new patent applications. Therefore, with regard to WDDD's patents, you need not worry.
Second, the Obama administration is against patent trolls, namely, those companies which buy large patent portfolios for the express purpose of suing/settling with the companies infringing upon those patents. WDDD developed its own patents, and is therefore not a patent troll.
Finally, though WDDD is not a large practicing entity, the company is a PE because it has used its patented technology (call the CEO for details on this).
Hope this helps; others probably have more accurate answers.
Current Status of WDDD
As of today, the Motion for Summary Judgment hearing scheduled for October 17 is unchanged. The recent correction issued by the USPTO makes the Motion for Summary Judgment hearing rather needless, but as of today, the correction has not been press released and WDDD's lawyers have not requested any change to the MSJ hearing.
I suspect (conjecture) that within the next couple weeks WDDD will release some sort of PR announcing the official USPTO correction; and I suspect WDDD's lawyers will request some sort of change made to the MSJ hearing October 17. But what exactly they request, and whether or not the judge grants their request, we will not know until such request is made, if it is made. I'll keep my eye on Pacer; hope others will do the same. I'll post any and all Pacer information on this board.
As mentioned, I don't believe WDDD could be any better positioned than they are right now.
Cheers all.
Thanks. Saw that too a couple days after it posted on the USPTO website. The moment I saw it I started loading up shares; I was planning on buying more but JDUR spilled the beans (in every good way). Now I'm just sitting back watching and buying dips.
I thought maybe there was a more recent Pacer regarding October 17. I checked Pacer and the most recent one is August 14. It will be interesting to see whether or not the court holds the MSJ only on October 17 or whether they add the Markman hearing to the schedule on the 17th. Or maybe they substitute the Markman hearing for the MSJ. Or, maybe they just hold the MSJ, render a verdict on it (denial, I highly suspect), and then schedule a Markman hearing for a later date. Keeping my eyes on events surrounding October 17; what is scheduled to happen then will determine share price.
All in all, things are looking extremely good here. Things could hardly be any better for WDDD at this point; they are well positioned for a large win.
Cheers all.
Thanks. I was concerned something major came out in the past couple days. Things looking good here.
Not sure what you're referring to. I have a Pacer account and just checked Pacer. There have been no new documents as of 8/14. I thought maybe there was a document released yesterday or the day before which I missed.
Anyways, we'll see what happens from here. Things are most definitely looking up, that much is certain!
Are you talking about this pacer document pasted 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 OPPOSITION TO DEFENDANTS’
MOTION TO CONTINUE THE DATE OF THE MARKMAN HEARING
Plaintiff Worlds, Inc. (Worlds) files this memorandum in opposition to the
Motion to Continue the Date of the Markman Hearing (Dkt. Nos. 95–96) filed by
Defendants Activision Blizzard, Inc., Blizzard Entertainment, Inc., and Activision
Publishing, Inc. (collectively, Defendants).
On August 5, 2013, the Court indicated to the parties that it would likely grant
Defendants’ motion and hear oral argument on Defendants’ Motion for Summary
Judgment in October, before holding the Markman hearing. Worlds respectfully asks the
Court to reconsider its position and hold the Markman hearing, as scheduled, on August
22–23. In the alternative, Worlds respectfully requests that the Court hold the Markman
hearing in October, simultaneously with the summary judgment hearing.
Introduction
Defendants’ Motion to Continue is just their latest attempt to delay this case,
disparage Worlds, and divert this Court’s attention from the fact that Defendants’ Call of
Duty and World of Warcraft franchises infringe Worlds’ valid patents. Unable to rebut
Case 1:12-cv-10576-DJC Document 97 Filed 08/06/13 Page 1 of 7
2
Worlds’ substantive claims, Defendants have resorted to collateral attacks, ad hominem
arguments, and opportunistic procedural maneuvering — the apparent goal being to keep
Worlds’ claim construction and infringement arguments from coming before the Court.
The Markman hearing has already been postponed once, and there is zero reason
to postpone the hearing again. To the contrary, there are several reasons why the hearing
should go forward as planned, on August 22–23. First, Defendants’ summary judgment
motion that is meritless and soon-to-be moot. Second, postponing the hearing would
unnecessarily delay the efficient resolution of the parties’ dispute. Rather than promoting
efficiency, postponing the hearing would force the parties and the Court to undertake
redundant, duplicative work. Finally, any further delay would irreparably harm Worlds.
For these reasons and others, this Court should not deviate from the original
August 22–23 Markman hearing schedule.
Argument
I. Defendants’ pending Motion for Summary Judgment lacks merit.
Defendants’ Motion for Summary Judgment, which seeks to invalidate Worlds’
patent portfolio on the basis of an irrefutably harmless technicality, lacks merit and will
soon be moot. The Court should not delay the resolution of this case merely because a
meritless motion is pending. As Worlds explained in its summary judgment briefing, the
patents-in-suit are valid under 35 U.S.C. § 102(b) because (1) the applications that
matured into U.S. Patent Numbers 6,219,045 (the ‘045 patent) and 7,181,690 (the ‘690
patent) properly claimed the benefit of a November 13, 1995 effective filing date, and
(2) to the extent the ‘045 and ‘690 patents include incomplete priority information, those
errors are harmless typographical oversights that the Court can and should correct on its
Case 1:12-cv-10576-DJC Document 97 Filed 08/06/13 Page 2 of 7
3
own accord. See generally Dkt. No. 89. The Court should not even entertain the
possibility of invalidating Worlds’ patents on the basis of Worlds’ development of its
own software platforms.
Furthermore, even if Defendants’ motion had any merit (it doesn’t), it would not
be case dispositive. Regardless of anything else, given Worlds’ pending requests for
Certificates of Correction, this Court has no basis to invalidate Worlds’ patents as applied
to Defendants’ ongoing acts of infringement. See E.I. du Pont de Nemours & Co. v.
MacDermid Printing, 525 F.3d 1353 (Fed. Cir. 2008) (“[E]ach act of infringement gives
rise to a separate cause of action.”). This case will go forward, and so should the
Markman hearing. Postponing the Markman hearing on the basis of a non-dispositive
motion would make no sense.
II. Holding the Markman hearing as planned is essential to ensuring an efficient
resolution of the parties’ dispute.
In addition, holding the Markman hearing as planned will promote judicial
efficiency and encourage swift resolution of the parties’ dispute. Defendants have
requested that the Court hear oral argument on their Summary Judgment Motion. Worlds
welcomes oral argument on Defendants’ motion and proposes that the Court hear
arguments promptly on Defendants’ motion while the parties are before the Court for the
Markman hearing. Hearing both claim construction and summary judgment arguments
on August 22–23 would allow the Court to consider all pressing issues at a single
hearing, thereby eliminating the expenses associated with multiple court hearings. By
contrast, under Defendants’ proposed approach, the parties would have to appear in
Boston to argue the summary judgment motion, and then again (presumably soon
Case 1:12-cv-10576-DJC Document 97 Filed 08/06/13 Page 3 of 7
4
thereafter) for the Markman hearing. The best approach is to coordinate the arguments so
as to avoid taking additional days of the Court’s and the parties’ time.
Moreover, Defendants radically overstate the amount of work that remains on
claim construction. Claim construction has been fully briefed for months, and the parties
have conferred several times to narrow the disputed terms. Furthermore, when the
Markman hearing was rescheduled on June 17, 2013, Worlds was in its final stages of
preparation for the originally scheduled June 27 hearing. In all likelihood, Defendants
were also fully (or almost fully) prepared for the hearing. The parties have now had an
additional month-and-a-half to prepare for the August 22–23 hearing. There is little more
work to do at this point. In fact, if the hearing is postponed again, the parties will be
forced to prepare a third time and duplicate much of the work that has already been done.
That would be a waste of time and resources.
Of course, if Defendants genuinely wanted to avoid the expenses associated with
the Markman hearing, they would have filed their Motion for Summary Judgment before
April 22, when the parties submitted their opening Markman briefs. Defendants’ motion
is based entirely on the ‘045 and ‘690 patents, their associated file histories, and Worlds’
interrogatory responses. Defendants had access to all of these sources as of January 24,
2013, and Defendants could have filed their motion immediately thereafter. Instead,
Defendants pushed forward until the eve of the Markman hearing, only to then seek
postponement. Defendants cannot credibly claim that they seek to avoid costs. What
Defendants really seek to avoid is the merits of Worlds’ claims.
Case 1:12-cv-10576-DJC Document 97 Filed 08/06/13 Page 4 of 7
5
III. Postponing the Markman hearing would irreparably harm Worlds.
Finally, Worlds will be irreparably harmed by any delays in this case. In their last
several court filings, Defendants have attempted to disparage Worlds with a series of
irrelevant and highly misleading attacks. Trumpeting out-of-context excerpts from SEC
filings, Defendants repeatedly and pejoratively attempt to brand Worlds as a nonpracticing
patent assertion entity. See, e.g., Dkt. No. 96 at 5; Dkt. No. 91 at 16. The
Court should ignore Defendants’ improper and irrelevant attempts to mischaracterize
Worlds and invoke supposed political trends. See, e.g., Dkt. No. 91 at 16 (“Worlds is
precisely the type of patent assertion entity that Congress and the President are actively
trying to reign in.”).
In any event, Defendants are wrong. Although Worlds did spin off much of its
software development operations to Worlds Online Inc., Worlds continues to create
virtual world software based on the technology disclosed in its patents. See, e.g., Dkt.
No. 89, Ex. 19 (Decl. of T. Kidrin) (“Today, Worlds still actively pursues development of
core virtual world technologies.”). Worlds initially developed the technology disclosed
in the patents-in-suit in 1995, and Worlds remains a software innovator today. Thus,
Worlds is a practicing entity that is irreparably harmed by Defendants’ ongoing acts of
infringement. As such, any delay in this case also harms Worlds, which will be entitled
to injunctive relief if it prevails at trial.
Postponing the Markman hearing would also harm Worlds by stalling discovery
and delaying the case as a whole. At the initial scheduling conference in August 2012,
the Court set dates only up to the Markman hearing. The Court indicated that it would set
a trial date and other pretrial deadlines at or soon after the Markman hearing. Thus,
Case 1:12-cv-10576-DJC Document 97 Filed 08/06/13 Page 5 of 7
6
postponing the Markman hearing would leave this case in limbo — with no trial date, no
discovery deadline, and no Markman order — and would risk dragging this dispute out
and causing significant delays in the ultimate trial date and pretrial deadlines. Such
delays would harm Worlds.
Conclusion
For the foregoing reasons, Defendants’ Motion to Continue the Date of the
Markman Hearing should be denied.
Dated: August 6, 2013 Respectfully submitted,
Worlds, Inc.
By its attorneys,
By: /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
Facsimile: (713) 654-6666
Joel R. Leeman (BBO # 292070)
jleeman@sunsteinlaw.com
Meredith L. Ainbinder (BBO # 661132)
mainbinder@sunsteinlaw.com
SUNSTEIN KANN MURPHY & TIMBERS LLP
125 Summer Street
Boston, MA 02110-1618
Telephone: (617) 443-9292
Facsimile: (617) 443-0004
Attorneys for Plaintiff Worlds, Inc.
Case 1:12-cv-10576-DJC Document 97 Filed 08/06/13 Page 6 of 7
7
Certificate of Service
I certify that on the above date, this document was filed through the ECF system
and thereupon sent electronically to the registered participants as identified on the Notice
of Electronic Filing (NEF).
/s/ Ryan V. Caughey
Ryan V. Caughey
No; what did it say?
Not a lawyer at all. Only a teacher. Learned a lot over at the IHUB VRNG board, and have gained much experience through VHC over the years. Take what I write lightly.
Have a great weekend all. Things are starting to get pretty exciting around here! Looking forward to the next few weeks. It's great to be loaded up in WDDD and patiently waiting! See you early next week.
How to Invest in Patent Litigation stocks.
For the sanity of newcomers, here are some general guidelines which should prove helpful down the road (I wish I knew these when I began):
1. Don't buy into hype. When the stock has run up 10-20% on a PR or Pacer document, don't buy into it thinking it will go up more. 99% of the time the run is over. You missed it; you're too late. Move on. If you buy in a run, you'll almost always buy high and then sit for weeks underwater until the next run. Again, don't buy after it has begun to run; you'll almost always end up buying high and selling low.
2. Don't believe hype. Read and digest Pacer documents and PR's, but don't buy into the comments of commentators. If you are unable to interpret Pacer documents, locate someone who can accurately interpret them for you (such as JJ Seabrook on VRNG's message board) and lean heavily upon their interpretations. These must be people you can trust.
3. Be patient. If you're in a patent play to make a quick buck in a week, you'll probably end up losing a quick 10 bucks in a couple weeks. Know what you own, and then own it for months, and add to your position as you desire. Don't try to play the flipping game; if you do, don't be surprised if you get flipped and end up with fewer shares.
4. Use your brain before you buy or sell. And whatever you do, don't panic sell. Again: DON'T panic sell. Things are almost never as bad as they sound at first. When others are panic selling, I make it a rule to buy at those times. You can get shares at clearance prices amid panic selling. Another way of putting it is this: "Buy when others are selling; sell when others are buying; hold and add when others are holding." That mantra almost always works in these stocks.
5. These stocks are volatile. One day you'll be up 30%; another day you'll be down 30%. Don't panic.
6. Learn to live without news. If you are unable to live without constant news and re-affirmation that your investment is a good one, then don't invest in these stocks. The silence is deafening. Get used to it. Companies in litigation won't say much; when they do speak, you should listen carefully to what they say and to what they don't say.
7. Call Investor Relations YOURSELF. Call the CEO of Worlds or the IR departments of VRNG and BCYP. They are real people who really know some things which will prove helpful to you. I cannot emphasize this enough: call the company yourself and ask them your questions!
8. Keep your eyes on the end goal. The end goal of these stocks is settlements, buyouts, and trial victories (MSJ hearing; Markmans; actual trials). As long as one of these exists as a viable option, then drown out all the peripheral "noise" and keep your eyes on what really matters (i.e. Worlds has an MSJ hearing on October 17 based on the issue of the dating of their '045 patent. That is the next scheduled event. Pay careful attention to any issues surrounding it.)
All this is my opinion; anyone else have (better) advice to add? Please do. We could all use it!
Cheers.
I'm looking forward to a PR on the USPTO correction some time in the the next 2 weeks (pure conjecture on my part). I am also looking forward to seeing what Susman Godfrey do with the MSJ hearing. If the MSJ hearing pertained to one issue which has been publicly and officially resolved by the highest authority on the issue (USPTO), then why not hold a Markman hearing on October 17 instead of a MSJ hearing? Again, pure speculation on my part, and pure dreaming. There is no way around "patience" in patent litigation investing; guess I'll have to exercise some while we wait. Cheers all.
I don't know about anyone else here, but I am glad just to hang out here for a while. Some are frantically running from stock to stock hoping to get in on the next big run, and by the time they get in the run is over; meanwhile the stock they left hangs tight or goes up. With all the buzz lately about BCYP and VRNG (I know many of us are invested in them, so please don't think I am bashing your investment...I'm not; I think they are good investments), I am glad to be invested in WDDD. Our legal team is second to none; the case for the patents is so solid it is mind-blowing; the share price is extremely low right now; and the next two months are going to prove catalytic to the max. Hope we all enjoy the ride; should be fun. Fasten your seatbelts; it's going to get bumpy.
JDUR, you seem interested in taking pride in the quality of your due diligence. Congratulations. I think nearly no one on this board cares whether or not your due diligence is better than theirs.
Patent litigation stocks are BASED on a lot of speculation about hearings and courts decisions, both of which are based much on the ability of one lawyer to communicate their side of the story in a persuasive way. WDDD has the patent goods on its side; ATVI is using WDDD's technology (or so goes the claim). Now it is up to Max Tribble to convince both the judge (Markman) and the jury (if it makes it to trial) that such is the case. How much is this worth? Take a guess. .75 up to Markman and 1.00-1.50 after a Markman hearing seems very much in line with reality. The reason these number are so high is because of the hundreds of millions of dollars WDDD stands to win from ATVI's infringement.
If you don't like this speculation, then this patent stock will drive you nuts. My advice to you (not that you should take it; and not that I am knowledgeable enough to direct you): call the CEO, Thom Kidrin. Ask him questions. Listen to his answers. Then, after thinking about all the issues at hand, invest or don't invest based upon how you FEEL the case may go. At the end of the day, these stocks are all based on a feeling or a hunch or a guess. Hounding others about their speculations means nothing more than that you think your speculation is more accurate. Fine. but at least admit your speculation is no different than someone else's, and you're doing the very same thing you hound others for. They speculate high; you speculate low or in the middle, but it is all speculation. And in these plays, speculation is good and necessary.
Cheers.
For those who bought at .12, you made 50%. Be sure to take profits; hate to see you pass up such a good opportunity to lock in some great money just in case the price is back down to .14 in a few days. Unless this settlement is different than others, there will be no release of the confidential information, so for those waiting for more information and a jump in the share price, you might be sorely disappointed.
I only write this because I wish someone had written me something like this when the first stock I owned jumped up. 50% is great money; don't let it slip through your fingers.
Cheers.
That sounds like a great idea in theory, but I have never been able to make it work. Hope it works well for you. When I do it, I usually buy at the top end of the run, then watch it crumble, and then the stock I just sold moves up 10% while I was out of it so when I return I am way farther behind than when I left. Hope BCYP hits .3 or .5 or some other big number for ya.
I think the settlement is most definitely happening, or something along those lines. But I was responding to FDGFDG's comment that WDDD is heading South, down to .22 and even down to .15. Such talk is ridiculous. A few investors sold WDDD so they could stock up on BCYP and FDGFDG concludes the sky at WDDD is falling. Sorry; I'm tired of FDGFDG.
For those who own BCYP, congrats! Things are looking mighty swell for you right about now!
You're something else. Can you not make the connection between settlement talks over at BCYP and a very small amount of shares being sold at WDDD in order to buy BCYP? If not, I just made the connection for you. Many folks are trying to play WDDD, BCYP, MARA, and VRNG all at once.
When good news concerning WDDD is released, you'll notice a drop in the BCYP price too. That's how this works. Sorry you didn't buy more shares down in the low 20's. Get over it.
Yep, and someone is hitting WDDD's exit door to run over to BCYP. We'll see how that turns out. Makes for a great buying opportunity in WDDD right now!
Watch and see.
There might be some outside financing, but there will be very little or absolutely no dilution (more likely) through December 2014.
With all due respect to you, the issue you brought up is a non-issue with WDDD. Susman Godfrey are working on contingency; they've already spent millions of their own money on this case, and they'll continue to spend whatever needs to be spent to win this case.
The CEO of Worlds is the largest shareholder...do the logic. He's more hopeful than you and me that the share price will skyrocket; he's not going to do ANYTHING to damage the share price.
The approval for 150 million A/S is only for use if there is a major victory. Large institutions prefer a liquid company into which and out of which they can come and go without causing major share price interruption. An extra 50 million shares will assist in liquidity if there is a major win.
And the Reverse Split approval was simply a re-approval; and the CEO has explicitly said a R/S will only take place AFTER a victory, and only if it is needed to uplist to a larger board (NASDAQ; NYSE). If the share price is 6 or 7 dollars after a victory, there will probably be no reverse split at all.
For those with patience, WDDD will treat you well. Expect very few Press Releases as patent litigation companies cannot say much while in the midst of litigation. A PR on the USPTO correction is probably the next one to expect, but it will take more than a day or two...
Patience.
Bottom line: ATVI does NOT want a Markman hearing. If this thing goes to the Markman ATVI knows what the outcome will be. The journey toward the Markman will be up and down, but for those patient enough to wait it out, the reward will be great. Buy on dips and plateaus. Enjoy.
Get ready folks; things are going to head up.
For those who might not know what the correction means, it means this: the Motion for Summary Judgment which ATVI filed to try to get the case thrown out is now null and void, and anyone can see that. The notice of correction has been filed, but it takes a while to get the paperwork and mail it out. I expect some sort of PR after Worlds receives the notice of correction in the mail. Who knows how long this will take, but I would expect it to take less than one month from the date it was filed (file date is August 14).
And now, since the MSJ hearing is scheduled for October 17, but no longer needs to happen, a couple things might take place:
1. They have the hearing anyways and the Motion for Summary Judgment is denied (hurray; but we already knew it). Small catalyst. Then a date for the Markman hearing is scheduled. Larger catalyst.
2. Worlds lawyers make the case that since the MSJ is a no-brainer, they should hold the Markman hearing on October 17. If the court agrees, this would be a huge catalyst.
Who knows what will happen, but this much is true: there will be a Markman hearing!
Louis, with no disrespect to all else you have written, I disagree that today's jump in share price will be temporary. With MSJ denial already a foregone conclusion, the stock should trade between .3 and .43 in the coming weeks; if a Markman gets scheduled soon, then it should trade up to .5; and a Markman victory....well, we'll find out! Fast-forward a few months.
Yeah, I looked at it too. That's why I loaded up in the .21's and .22's. It is just a matter of time now; get ready. What you found on that website is pure gold; I didn't tell anyone because I wanted to load up for one more day...guess the word is out now!
Cheers folks; great days and weeks and months ahead.
.215 is loading zone; load up. Progress ahead
ATVI filed a Motion for Summary Judgment on the basis of a documentation error on the cover sheet of WDDD's original patent. The court date for hearing the Motion for Summary Judgment has been scheduled for October 22. The next two catalysts for WDDD are the USPTO correcting the clerical error (if they correct it) and the MSJ hearing on October 22. If the MSJ is denied, a Markman hearing will be scheduled.
FWIW, We are beginning our slow ascent upward. Right now these are bargain basement prices which will likely not exist in one month. If you know a stock where you can most certainly make more than 20-25% in one month's time, then you will be money ahead to sell and come back. Predicting a stock's price is impossible, but with WDDD the general trend has been a few people panic selling, then it sitting on the bottom for a week, and then a flood of buying in anticipation of news. The panic sellers have sold (daytraders looking for a quick buck), the bottom has been found, and now begins the slow up-trend toward the USPTO news and the MSJ hearing in October. I expect WDDD will be hovering around .3 in one month; if news hits it might be around .35 to .4; if major news hits then higher. The hardest thing now is just waiting. But since you have already taken the hit and ridden the stock down, you may as well continue waiting. JMO.
If the USPTO responds prior to the end of September (and I believe they will), and the Motion for Summary Judgment is denied soon after the hearing on October 22 (I believe it will be denied), this stock will be trading back up near its record highs and setting new highs in preparation for the Markman hearing. Right now we are building a base for the next run up into the 40's and 50's.
The next catalyst here will be the beginning of October as people position themselves for the MSJ ruling. However, if VRNG is ruled on, there will be many people running into WDDD, and that will provide a rather substantive catalyst, maybe even bigger than the MSJ. Stocks like this one go up for almost no reason at all most of the time, so accummulate now.
Many people feel like they missed out on the previous run up to .54, but now they don't need to feel like they missed out. Right now is the time to accumulate. In about 1.5 months this stock will be abuzz and hopping again. Buy when others sell and sell when others buy. Come the middle of next year (which is not that far off in the grand scheme of things), there will be many people wishing they had bought into WDDD in the low 20's.
I just entered yesterday at a price I didn't think we'd see, and now I am all filled up. It's good to be back in...I think. I have a couple questions:
1. Has the Markman hearing been delayed via official news or is this just IHUB rumor? Could someone post the document?
2. The defendant's actions for continuance actually bolster the merits of WDDD. ATVI does NOT want this to get to the Markman hearing. If this gets to the Markman hearing, they are going to pay. Therefore, it seems to me yesterday's news should have helped the share price rise. Any ideas as to the reason it didn't?
Breaking Update on WDDD: Markman Will Take Place As Scheduled August 22-23
by edvapatent
At just after 11AM this morning it was announced, with the jury present in the Whitey Bulger Murder and Racketeering trial, that the defense had rested. Judge Denise Casper, who is also presiding over the Worlds vs. Activision infringement case, announced that jury instructions will be given and that the jury will begin deliberating on Tuesday.
We expect a swift conclusion to this case from the jury. There is now zero rationale for another Markman delay.
The more this stock gets beat down ahead of time, the less likely it will take a major sustained hit when news is released, so I am all for it taking a beating right now. Also, as with KGC, I think IAG has already factored into the share price the loss which will be revealed on August 12. In fact, the share price is so suppressed right now, it would not surprise me if the news on August 12, bad as it may be, will actually lift the share price as it did with KGC.
If gold remains above $1250, the dividend will more than likely be paid out.
Time will tell.
With Markman hearing yet 3 weeks away, and the material news of the event at least a couple weeks after the hearing, WDDD should start becoming more volatile. With the massive amount of shares for sale on the ask, we should expect at least one, but I suspect maybe 2 or 3 dumpfests. I don't know how low this will bring the price, but it will lower it (mid-20's?). These make good entry points. For those looking to enter, stagger your bids and see which ones get taken out. Brighter days ahead, but for now we are in the dumps.
Lot's of dumping? You're kidding, right? A grand total of $1600 has been traded today.
The situation is more accurately described as a holding pattern. No one is selling and no one is buying.
Yep...may as well wait it out until tomorrow or next week. I feel bad for L2; I think he overinvested in this thing. Long term there is great potential here, but a lot of the people invested right now are simply impatient day-traders trying to get out with a quick buck.