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Since you seem fixated on the negative, why don't you read and cite the financial's footnotes that clearly state that Kidrin has accrued his salary. Also read Markman Runup's p/s analysis which is multiples of the current p/s
WDDD's NOL is more than the current SP
IMO a Markman will be scheduled within the next 90 days since both sides have briefed for Markman for over a year
The case is NOT over if you read the ruling it clearly states the following:
In this case, Worlds alleges continued infringement through the lives of the Patents-In- Suit. D. 32. Indeed, nothing about the Court’s order prevents Worlds from asserting infringement from the date of the certificate going forward. E.I. Du Pont De Nemours & Co. v. MacDermid Printing Solutions, L.L.C., 525 F.3d 1353, 1362 (Fed. Cir. 2008) (noting that “each act of infringement gives rise to a separate cause of action” and concluding that, while a certificate of correction will not apply if it issues after the “cause of action arose,” it can apply to future infringing conduct). In light of the foregoing, the Court declines to enter judgment in Defendants’ favor at this time. Instead, the Court ORDERS the parties to meet and confer to discuss whether the appropriate course of action is for the Court to dismiss the instant action (without preventing Worlds from commencing a new action alleging infringement from the date of the certificates going forward), or merely confine this decision to infringement allegedly occurring from the dates the patents issued through the lives of the Patents-In-Suit. The parties shall file a joint statement, not exceeding more than five (5) pages, outlining their respective positions with the Court no later than March 27, 2014.
The 1995 rule required the provisional date and serial number in the front page of the patent, the USPTO is on charge of that and made the mistake of not doing that, Worlds notified them of the error which is on the record but they still did not correct, the law changed on 2001 before the patent issued in which if the application references the provisional application date and serial number than the patent holder is covered.
That has been Worlds position that a Certificate of Correction wasn't required based on the 2001 law but went to the USPTO to get the certification to confirm the patents validity which the USPTO issued .
This is the basis on which WDDD has requested a Markman date because the patents are valid and Activision continues to infringe with the release of Hero's after the Certificates were issued.
Since it will take the SEC at least 2-3 months to comment on an S1
There wont be any RS until the MSJ ruling and a Markman date is set or held. At that time only would a RS ration be considered.
Since all this takes lead time this is just teeing up the ball and waiting for the SEC and Court to act.IMO
You only lose when you sell.
Hang on and you'll be a winner.
If you believe you can raise funds for the company on more favorable terms than contact Kidrin. Talk is cheap.
Your statement of non deferred salary and annual pay increases is flat wrong. Read the accrued expenses.
The terms of an employment agreement are just that and if you compare to earlier Q's you'll see that the terms were reduced from his last employment agreement.
As to support for the stock, how do you propose that while the company waits for the MSJ ruling.
The company has limited capital and was raised on terms that were the best available given the MSJ filing.
Your comments imply a sweetheart deal when there is no guarantee or collateral to the note holders. Seems to be a high risk high reward offer to investors. As I said earlier if it's so generous than call Kidrin to get in on it?
If you're an accredited investor and believe the funding structure is a rich return than contact the company and offer to invest on the same terms.
It seems the funding was a way around Hudson/Iroquois anti dilution and ratchet provisions, not a lot of alternatives to attract a private placement without equity or warrants.
Suggesting Kidrin should fund the company with no consideration after he has not drawn a full salary for years is naive and self serving.
Worlds spun off the 3D operating assetts in a tax free dividend to shareholders of record in May 2012 into WORX and kept the IP in WDDD. WDDD owns 18% of WORX
Or maybe it's out of proceeds from any settlement and big shareholder investors have the confidence that will be the case
That is no so, if you look at some of the other MSJ videos from Judge Casper you will see that she has ruled from the bench after presentations were made. This is a complex set of facts that don't have a precise set of circumstances that mirror this case and the case law has to be studied in the context of her equitable power to make corrections to clerical errors.
For an amicus brief to carry any weight it has to come from a recognized entity that is independent of the outcome and is submitting the brief because it serves a greater public good. Not because a bunch of bloggers like the way a post sounds
To their self interest as shareholders of WDDD.
That's not how a Federal court works. Submitting a blog post has no standing and will be thrown in the trash.
If you took the time to read the filings by SG all those points are covered.
The hearing was not a talent show, it's purpose was to articulate what has already been filed and answer questions the judge has on those points, which SG did. You may not like SGs presentation but the court sees past that and focus' on the substance which was all that the blog covered.
It seems most of the doomsday prophets here think this is a binary event, They are wrong! in the worst case scenario with the MSJ granted to ATVI the suit will be amended. The hearing was not about the patents validity rather the priority date which the USPTO has validated and amended the patents to reflect. The Judge focused on the points Susman wanted her to focus on which was her Judicial discretion based on case law allowing her to make the corrections that the USPTO has already done which were based on clerical errors that don't change the claims and the entire file history. Which she clearly asked if she would easily find the references to and was answered without doubt. Remember these patents cover not just ATVI but the whole online gaming industry and this was not a validity hearing.
The court files that the hearing was held and is taking the matter under advisement as the document clearly states
That comment shows a fundamental lack of understanding of the issues of the MSJ. The case against Activision is not going away. This is NOT an invalidity hearing! Do some DD
Irrespective of the courts ruling the case against Activision will proceed either under an affirmative ruling on track to a Markman or in the case of an adverse ruling under an amended complaint with the USPTO corrections or as a refiling of the suit. Worlds filing makes it clear that the MSJ is not dispositive to the suit
Exactly to offset any taxes. an NOL of over $40 Mil as I stated.
The liabilities are phantom if you read the foot notes as they are beyond the statute of limitations.
It is in the10 k
You have forgotten to factor in that Worlds has a $43 mil NOL
Yes you are correct, Worlds '045 patent pre dates the ATVI patents and could serve as prior art to invalidate thier patents.
ATVI has put themselves in a corner, they have alleged in thier MSJ filings that Worlds is a non practicing entity and now have filed in a Federal Court the allegation that Worlds is practicing thier patents.
I guess your working harder than SG on making your money on WDDD
Irrespective of how the judge rules a case against Activision will proceed. The Certificates of a Correction validate the provisional filing date and the court can not negate that fact. Likely an amended complaint if an adverse ruling on the immediate case. There is also case law where the courts have granted the case to proceed after Certificates were issued without dismissal of the case before the court.
Keep n mind that this scriveners error occurred as patent applications were transitioning from manual to digital filing.
The USPTO acknowledged this error on two occasions and stated in wring that they would correct the error prior to the request for the recent certificates of Correction and the court will consider that fact.
That is after Worlds filed the provisional parents
A interesting bit of insight. The patents cited in the Activision suit against WDDD were from IBM who licensed Worlds technology prior to the patents being filed
Fast and loose with accusations as usual. If you really understand the10q you would know that the financing with Hudson Bay et al in the quarter had one time expenses associated with it to bankers, lawyers and accountants.
In fact the Q also states that Kidrin hasn't pulled a full salary for over the past year and has accrued his salary as a payable.
Easy to call someone who has put their own money on the line a liar.
You have to keep in mind that Kidrin is the largest shareholder and has as much to gain or lose with a bad financing. Hudson et al were behind VRNG so they were a good option and had Markman not been postponed would have worked out quite well.
Timing and circumstances effected that deal and those are not things that can be controlled by management or shareholders.
Wrong again. The PR was to notify the public i.e. shareholders and other interested parties that WDDD had filed the Certificates of Correction which were the basis of the MSJ and seek an expedited Markman date. This could not have been done before the Certificates had been issued by the USPTO. It's called public disclosure in a timely manner.
The fact that the USPTO has validated WDDD's priority date is significant as it undercuts the primary issues of the MSJ and was the basis for the Markman continuance.
A lot of uncertainty as to how the USPTO would go has been removed and that gives the investing public a greater sense of certainty, until someone starts to once again cause uncertainty and doubt!
You should read footnotes before you report inaccurate information.
The AP and notes are phantom payables beyond the statute of limitations for payables.
They are over 15 years old, the SEC had them put back on the books until they are extinguished by a court. the company has chosen not to pay the cost for removing these phantom payables at this time as it is an unnecessary expense .
The defense in the Bulger trial began on Friday
Your use of Dude gives you away!
You 're nobody .
What signals are you referring to Mr. Deep analyst? Have you even read the claim construction briefs or are you just trying out your lousy comedy routine again.
It seems everyone wants a major upside win but absolutely no downside risk. This is not a one trick pony as you will all soon see.
Your still here? I wonder why. it must be your superb in depth analysis
"And now the dumping begins" is not a fear statement? Really ?
There is no dilution with addition AS increase . Dilution only occurs when AS are issued.
There will also be no RS if ever for quite some time so cut the BS inaccurate posts.
If you have read anything posted here repeatedly than you would know that there will be no RS planned or occurring until after a favorable Markman hearing and litigation outcome and then only if required to qualify for an up listing.
Your comments only reinforce your
baseless fear tactic.
Fudge is an appropriate handle for you. I have yet to hear any thoughtful analysis on the IP or the Litigation , the basis of Worlds true value. not day traders and penny players.Your contribution here is Repetitive baseless robotic slamming. And yet you keep coming back like roaches usually do for crumbs.
And your still here because?
When he talks out of both sides of his mouth he can claim he is right 100% of the time.
Yes it is