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Can someone reach out to Kidrin and ask him to make a statement if this is on hold for another six months or a few days?
I was referring to the ATVI case. If successful, counsel files motion for the lost years per the USC and those years will be applied to the end of the patents. Read the USC and it spells out in detail what happens.
Yes the patents can be extended. Can Thom do it? NO. The lawers can file and petition the court per law. Read the USC and you will discover every year the benefit of the patent was not relized it will be placed at the end of the expiration date.
From Bloomberg
About Linden Lab
Linden Lab develops platforms that empower people to create, share, and
benefit from virtual experiences. Founded in 1999, the company first launched Second Life, the groundbreaking virtual world enjoyed by millions around the globe, in 2003, which has since gone on to boast nearly two billion user creations and a vibrant $500 million (USD) economy. The company further expanded its portfolio in 2017 with the public beta of Sansar, a free platform making virtual worlds more accessible and immersive, available on Windows PCs and compatible with HTC Vive and Oculus Rift. For more about Linden Lab, its products, and career opportunities, visit its website.
Jesi latest video. Amazing results from a few years ago.
https://es-la.facebook.com/jesistracham/
I had the same experience with this stock. Now it is a tax write off. Management milked this one dry. However, Jesi's results are fantastic.
Interesting fact. This will be free gaming on the phone per the article.
Does Activision believe they will not have to pay after this happens? Why would WDDD accept no compensation only because Activision gives there product away?
Gamesmanship is no excuse for not paying for a product or service.
https://www.techradar.com/news/youll-soon-be-able-to-play-call-of-duty-on-your-smartphone
https://www.cnet.com/news/game-streaming-state-before-googles-project-stream-gdc-2019-announcement/
What is your source for this assertion?
Did you add in treble, ongoing revenue for another 15 years, and a multiple of say 10?
Excellent respone.
If it can be proven in court that ATVI gave it back to Bungie in a manner similar to the child's game, "hot potatoe," under the thought that they can relieve themselves of past willful acts I have to believe that willful act will be penalized heavily by a jury.
If everyone has not taken the time to research Judge Casper and her rulings they should. Type Judge Casper into Google and a plethora of information is available. I spent two hours and was pleased at the results. Her rulings appear to be non biased and cogent. The point to that is Judge Casper has stated in the past that ATVI has infringed on at least one claim during the camera in the courtroom video. Fast forward to present day. If all claims or a majority of the claims are given back within the next few months that should mean that those claims have been vetted fully by the patent office. If it then is shown that ATVI is actually tied at the hip with Bungie there is only one conclusion.
Judge Casper being guided by the law will not accept last ditch effort arguments nor far reaching theories. Therefore, ATVI will not have a defense. Then all that has to be proven is the approximate nine requirements for treble damages. If I am not mistaken a jury can award more than asked for by the plaintiff. That being said I must believe that if ATVI is painted correctly by the attorney to the jury there will only be one result. The rules of law are very clear and guided by past judgments what that award would be at a minimum.
Patience will rule the day.
Enhanced Damages guidelines
http://www.ipwatchdog.com/2017/09/14/enhanced-damages-since-halo/id=87716/
A large sum of money was earmarked to be spent for an organization to attract institutional investors. Does anyone have knowledge of this process and where we are in the process?
Agreed, the results cannot be argued.
The business acumen certainly can be argued. The lack of information can be argued. The salaries of the executives can be argued. A base salary of 300+ perks for a company this size. Bonuses for doing what again?Stock options because you want to attract talent....How about stock options for results. Bonuses for results.
Quilt,
Excellent and cogent words.
Congratulations on the great business decision. The decision makers hire two new people at exorbitant salaries with many benefits on the shareholders dime. Then a representative does a dog and pony show at a conference. All the while the p/s decreases daily. No updates no improvements.
The executives should get a round of applause for their business acumen.
Great Job. Keep up the great communication.
I went thru ATVI literature today and found a few nuggets of truth that interested me. I thought I would share.
https://investor.activision.com/static-files/b1c6cb58-8fa7-4b6c-89e0-2a2070ab704c
On page 7, Call of Duty hours doubled.
https://investor.activision.com/static-files/80b94f0b-2ec2-48aa-a826-40077312a712
Page 4 Introduction of Call of Duty to 3billion smartphone users in China. If only 10% subscribe that is a tremendous revenue stream
Page 7 call of Duty 2billion of revenue
https://investor.activision.com/static-files/8229563c-2259-46c7-8acb-42ea074b896f
Page 4 Live Ops, Call of Duty 4billion in bookings
Page 6 Users at bottom of page
Page 8 28% operating margin.
The going rate for 2019 CALL of DUTY is $50annually in the US. Complete the basic math add in additional percentage ( whatever you think is appropriate) from smartphones in China and you might get an acceptable number for a revenue stream that will reoccur for many years and should allow a nice multiple and an increased stock price. In my opinion another reason this is worth fighting for even if it takes a while longer to get the lawsuit completed correctly and in WDDD's favor.
Rayon,
I believe you are incorrect. Counsel has stated how you receive all the lost years back per the USC and how he intends to proceed. Research the USC and the answer will avail itself to you.
Have a great day
USPTO
https://www.govexec.com/pay-benefits/2019/01/agencies-are-shutting-down-more-activities-furloughing-more-workers-funds-run-dry/154375/
The Patent and Trademark Office is currently open and functioning normally. The agency has warned employees that could soon change, however, as prior-year, fee-collected funds run dry.
“The USPTO anticipates that it will have sufficient funds from other than current-year appropriations to continue full operations for a brief period after a general lapse in appropriations commences,” the Commerce Department wrote in its shutdown plan. “Therefore, all employees of the USPTO will be excepted for such period following a lapse in appropriations.”
Once that period ends, USPTO will furlough more than 12,000 employees, leaving less than 1 percent of its workforce on the job.
“Should the USPTO exhaust these funds before a partial government shutdown comes to an end, the agency would have to shut down at that time, although a small staff would continue to work to receive new applications” and various other functions, said Paul Fucito, an agency spokesman. He said USPTO has not yet calculated a “hard and fast date” for when the shutdown would commence, but it has recently updated employees to warn them about a looming closure.
The strategy several years ago per counsel was you win the infringement. Then you file to regain the lost years that you were not compensated for per the United States Code.
By filing a separate suit you establish in the courts that the date many years ago when the original patents were filed and granted are in fact valid and will render all other companies moot to argue in any US COURT that they are otherwise.
To the Board of Directors.
In your filings you anticipate your first patient in the first quarter of 2019.
1. How many facilities have been approved to take in patients?
2. How many doctors are vetted and ready to participate?
3. What are the names of the participants in the two questions above?
4. What is the criteria of this study and how will it coincide with the effected patients?
5. What is the criteria for the new patients?
Yes. Take into consideration the time for the PTAB to rule. Then Judge Casper will have to have time on her docket. Perhaps additional paperwork will have to be submitted to Judge Casper for a proper and fair hearing. All of this will take time.
Good morning,
Quilt I hope you heal quickly.
I read the responses to my rhetorical/satirical posting. A few of you are worried over $3.00 p/s. When there is 30+ps available.
Did anyone do the math for every billion from a lawsuit. To begin with at a minimum for one title it is 15 billion in gross sales minimum within the US (Call of Duty)
If you multiply 6% royalty of 15 billion... subtract out 40% for attorneys...subtract out 20 million for miscellaneous expenses.... subtract out 30% for corporate taxes and divide that by 60,000,000 outstanding shares you are left with 6 dollars per share. Then place a multiple of 8 on this and you have a $48 p/s price. This is without treble. This is without anything more than a one billion settlement.
Again why are people concerned with pennies when ten dollar bills are laying on the table.
I agree it would set a precedence to settle for cheap. Yes we could all toast a win. However, you then set the baseline for the future at a basement level pricing structure.
There is also another issue which is the high end P/R firm that was or is going to be hired to attract investment. If this is truly happening currently or in the future it will be easier to sell a win worth billions, potentially 50 plus titles paying royalties that can be collected for many additional years as opposed to a meager settlement that barely paid expenses and gave the share holders a few pennies. I did not place my bet to win pennies.
Please remember reputable institutional money have rules that they follow. They cannot buy into something that is not at a minimum of 5 per share. Several funds will not touch anything under 10 with additional stringent requirements.
As a share holder I believe their is only one path moving forward. It is the same path fishermen use. Gut there wallets like a COD fish fresh from the North Sea.
My question is why would anyone accept and or advocate for a settlement? Why would anyone accept pennies when ten dollar bills will be available?
Yes the money potentially would be quick but I do not believe it would be the value that WDDD stockholders deserve or the future years of reinstated benefit of the patents that will be ordered.
If you look at the US sales over the years that are in question in quarterly ATVI filings and complete a few simple math formulas you will find that major dollars are at stack. Look at each step that ATVI has taken to defeat WDDD and they have consistently lost in court not once or twice but for five years at a minimum. Then remember the words of ATVI attorney," Your honor there are billions at risk."
ATVI in the recent past reported 5 billion in the bank. Sure their shares are down but so is the global market. We have a new Supreme Court Conservative. A change in rules. Judge Casper stated that at least one infringement had/is taken place.
Finally the road of stall tactics is nearing an end for those that decided not to pay the appropriate fees. Why would a settlement be considered?
This stock has seen better days. Do not count on anything that is published by the company.
JMHO
They have already given there best argument and with no new evidence allowed there is only one conclusion.
Mad,
I believe there is a document that ties Bungie and ATVI together at the hip beyond a reasonable doubt. Go back thru the posting or on Google and you will discover a document that specifically states ATVI will cover expenses regarding such matters. Also, I believe ATVI placed one of there chosen people on the board of Bungie. These two items in my mind leave no doubt what relationship exists in reality and the date the relationship began.
I looked on the United States Federal Court of Appeals yesterday and read that this case is considered "Precedential".
http://www.cafc.uscourts.gov/opinions-orders?populate=17-1481&field_origin_value=All&field_report_type_value=All&field_date_dropdown=date_range
Someone must believe there is a precedent possible or it would have been
classified accordingly.
On a side note. Several weeks before the Kavanaugh debates I was watching the news and President Trump was speaking about Judge Kavenaugh. He spoke and said he wanted a Justice that would uphold the Constitution and IP and protect the holders of patents. I thought this was a timely statement. President Trump could have said and the VA, gun rights, immigration, or a plethora of other topics . Rather, he specifically stated and "IP and patent holders."
To the Board of Directors
Thank you for the updates with the many releases of information. Now, can/will you communicate the methodology to meet the objectives.
It is a great thought that the doctor will try to achieve certain objectives of approval from the FDA. It is a great thought that we will join forces with another research company.
If approvals from the FDA come to fruition what will the next step be?
What is the expected timelines?
Kid,
The strategy of waiting until the ATVI matter was concluded and only then include other parties was part of the stated strategy several years ago. The goal of my previous question was to receive not only the methodology but the dates of these events.
Another question is does the PR firm earn the agreed upon fee as they complete different portions of there tasks or were they paid up front or are they paid upon completion of there agreed upon tasks.
To the Board of Directors
Your filings state that the last quarter of 2018 progress will begin again. I realize you cannot report on things that have not occurred. However, a public statement of the intent would be appreciated.
Mad,
Several years ago counsel explained all of these matters very clearly. These matters I define as what ifs and how counsel would defend the IP of WDDD. In fact, so clear that in my opinion a high school student could grasp the concepts if they would pay attention. If all interested parties will go back and read they will realize how all these loose ends are scheduled to be tied up into a nice bow.
No I am not going to provide the links as most of them are here on this board to those that are interested as well as Google. The interested should spend the time to read the USC, the strategy of counsel, all the rulings ATVI has lost against WDDD thus far and the reasons why they lost, view the video, the origins of this technology, and the myriad of details that surround this case. Then they should be able to connect the dots in this cornicopia of fact and resolution.
To those that are curious yes I have skin in the game.
Cielo La Playa, Cozumel will be worth the wait.
abcd12,
Regardless of what we may or may not believe; if Kidrin and a small group own the majority it is a mute point. The first link is Kidrin's former agreement. It is close to what he received this time.
https://fintel.io/doc/sec/1961/000126493118000096/wddd10q22018.htm
I can account for 2.7 million shares owned by Chris Coughlin assuming none have been sold. Then Hudson owns 120,000 shares assuming none have been sold. There are 3.5 million in warrants. Can you or anyone account for additional ownership?
https://markets.businessinsider.com/news/stocks/worlds-inc-investors-exercise-warrants-for-875-000-strengthen-ability-to-pursue-infringers-1014553651
https://www.nasdaq.com/press-release/worlds-issues-shareholder-update-letter-20180802-00882
If all Kidrin is doing is making a few phone calls a week then perhaps you are correct and he is over compensated. However, if we think in a manner more contrarian as an example... What if Kidrin and the insiders have the secret sauce similar to Colonel Sanders and KFC. Would we want to fire Colonel Sanders for having a bad year or Mark Zuckerburg at Facebook for the latest news from Facebook or Elon Musk for not turning a profit yet.. My guess is no one would want Colonel Sanders, Mark Zuckerburg, or Elon Musk fired.
Have you considered that a ruling will be out soon? Which is one step closer to the end. Since 2005 Activision has had US revenue in the neighborhood of 31 billion with an operating margin of approximately 29% per their annual reports. If you do the math of 2% thru 6% royalties of the 31 billion plus possible treble damages it is a large number. Assuming in time WDDD counsel turns this into a slam dunk (meaning no settlement and they go to court and win a full judgement) involving many titles and then consider Activision counsel stated on audio that there were billions at stack.(resource camera in the courtroom, on YouTube or court web site). Then have you considered that Judge Casper has stated on the same video that Activision has made at least one infringement. Finally each time Activision has tried to stop this law suit they always seem to not prevail. If this case was a looser a judge somewhere would have tossed this many moons ago.
If WDDD's does prevail and the longs here make money then which of us will be angry at Kidrin and which ones will shake his hand while hearing the cash register ring?
In the end each of us have to decide what path to take. JMHO.
DDobserver
I do not know about that as I do not have enough fact. What I do know is people who have never been close to paralysis do not understand what this product is capable of.
Imagine if you had the choice of being cloistered in a bed and someone says I have a product that will possibly allow you to live life in a chair or with leg braces. Would you choose the bed or the chair?
Large companies such as Stryker should wake up and realize the opportunity here. I think with time it will become apparent to the market. For now this is a waiting game.
Devo,
Agree with you. Even if this implant only allows the person to improve to a wheel chair that is a huge improvement from a nursing home and being confined to a bed for the remainder of ones life.
If you want to throw the yacht party in a great spot try Cielo la Playa in Cozumel.
Read the May 4, 2018, 11:25am post by Jesi. Notice the wheel chair is empty and then the walker. Those two items tell the story without words. This is a slow process but evidently a process that is working.
I challenge anyone who reads the post to then ask themselves, "If I were paralyzed and told I would never walk again, limited bodily function and mobility. Now three years later I have the dignity of mobility and bodily function." Then ask is this worth more than $7p/s, $20p/s, 100p/s. What is the savings of this worth to insurance companies?
https://es-la.facebook.com/jesistracham/
Perhaps with interim CEO and his past experiences coupled with the fact of an announcement in the second quarter a favorable FDA approval will be announced.
Has anyone read or heard anything about this advance with the scaffold or stem cell with the scaffold being incorporated into companies like JNJ and/or Stryker?
It is hard to believe or imagine that with the improvements in recovery that have been demonstrated that this is going to just disappear.
Would you care to demonstrate your words with a source that this will definitively not be a reality or is this more hyperbole or opinion. How do you so adamantly state that this company will not be valued at 1.3 billion? with treble it could be more.
On the flip side. A portion of the facts in this case are:
Judge Casper has already stated that there is at least one infringement otherwise she would have thrown this case out several years ago.
ATVI own attorney stated their is BILLIONS of dollars at stake in the video. That statement is from one company. Now consider all the other infringing titles and companies. If you have forgotten go back a few years in the posts and it reads like whose who of the largest entertainment companies.
Yes this may drag out a bit longer but the day of reckoning is near. Probability tells all of us based on more facts that have been provided on this board that more likely than not.....an impartial panel of judges will be assembled in the March 2018 hearing.
You assertion that WDDD is an NPE is also not correct. If you will go back thru the years worth of notes several of us have and that are available to all that complete due diligence; you too will realize that this is false. I am sure it was just a human error on your part and not intentional.
Can you counter with more fact to educate the readers?
Choo Choo,
My mind has not changed since I posted those word in June. If anything I am further encouraged by the recent events of the courts, knowing the process is moving forward, the value of the claims increase daily, and property rights are being restored.
He is to far to busy to be taken seriously defending himself from is current challenges.