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Alpha, bud, 10-k should be out soon, audits are probably almost complete. I wonder if the R/S will afford them a delay...we'll see what the cash flows are looking like soon enough. I'm fairly confident WDDD's financial position will show much stronger.
Fair enough, Tutter, your opinion is well respected around here. I have become a bit riskier in my strategy recently as I have seen the market reaction to WDDD many a times before. I do think the runup from .03 (it fluctuated from .01 to .03 for about two years) to .06/.07 was significant given how long the stock stayed in the .03 range. I think the 6-8 month timeframe for CAFC decision plus potential remand, back to PTAB, CAFC, etc. and further delay will bring us back down to somewhere between .02 and .07....but I have been wrong pretty much every time about my predictions....point being, the market for WDDD doesn't hold too well when delay occurs and people like me and Madprophet think we can financially gain from that strategy.
If WDDD holds at .06, gains some momentum toward the summer months, I will buy back my sold portion at higher prices.....but I consider that unlikely....all about playing your odds and everyone's end goal here is to make money....more money is better than less money.
GL to you tut.
Just curious, you had never replied to my statement about the MRMD stock. Do you still believe WDDD needs funding with ~1M cash from the warrants and ~7M from MRMD stock that is liquid? The warrants were issued and dilution occurred before the MRMD run-up. Curious to hear your opinion since you never answered.
I don't disagree re: remand. The CAFC panel said themselves they don't plan to set a precedent. Would need overwhelming evidence of discovery.
Unfortunately for me, I don't have the ability to continue purchasing shares at lower prices....many do....I do not. I quickly allocated to WDDD what I felt was a reasonable amount and do not plan to put more money into WDDD. The only way for me to accumulate more shares within my budgeted amount is by trading.
But I would understand why true longs would oppose this activity. I have been in WDDD for many years, watched the trading patterns, averaged down, and been able to take advantage. As mad stated, there is nothing wrong for selling high and buying back lower....common sense.
And no, madprophet does not have the ability to drop a 12-20M market cap stock by his forum posts. And neither does Alpha.
Kudos to you, Mad. The disrespect and hate you have gotten in the last few weeks is unprofessional.
I predicted a pop with the judge panel selection. I was wrong. I had huge fears yesterday that it wasn't climbing and sold in the .30s. The market reaction early signaled nothing good. I will be back at a lower price.
The company had issued the warrants before the MRMD equivalent was enough to cover the amount it can cover now.
The cash does not account for the nearly $1M from the recently exercised warrants or $7M of MRMD stock which is easily convertible to cash in small increments as needed, of which WDDD has repeatedly stated it plans to fund operations in the short term with.
At an average of 500k negative operating cash flow (-680K, -480K, -95k, -1.1M), that's 16 years of cash flow burn without any dilution necessary. Maybe a couple fewer years because of the capital gains that would be paid when sold.
You continually ignore the significance of the MRMD runup from the .10s to 1.20 (roughly a 7M gain in one year).
100% agreed.
I 100% agree with all of this except the dilution nonsense. Remand is almost certain. But do the cash flow projection for WDDD and they do NOT need any more money.
Sick dude
Unbelievable for Dyk. Every single patent case he has heard (22 total) has been found ineligible under 101. Lol. O'Malley's numbers make sense...not surprised she is near the top in eligible %.
Chen is a little surprising but not as much when you consider he probably has the most knowledge of the industry so is least likely to rule eligible on something when it may not be.
Either way, fascinating article.
Prost is not the dominant player from what I've seen. It's almost always Mayer, Dyk, Wallach, or Newman if they are on the panel. Although Newman goes both ways with her opinions whereas Mayer/Dyk/Wallach are strongly tilted toward patent infringers. But Prost seems to concur with anti-patent decisions.
It's a miracle we didn't pull any of them.
Chen/O'Malley/Taranto would have been a slam dunk.
Thanks for sharing this article - I had never seen it. Gene Quinn does a pretty good job, although I disagree with him sometimes.
To recap:
1. Bristol v Teva
* Taranto - dissent (pro-IP)
* O'Malley - concurred with Newman (anti-IP)
2. I/P v AOL
* None of our judges
3. Soverain v Newegg
* Prost - concurred with Newman (anti-IP)
----------------------------------------
In none of these cases is Prost, O'Malley, or Taranto the writer of the opinion.
In any case, Taranto was the dissenter in a 2-1 Bristol loss.
None of these judges have been "top dogs." None of them seem to be the types who would operate sua sponte at this point.
Well looks like I'm going to be wrong about my prediction! No movement so far.
Enjoy your weekend as well mad! We can all take a deep breath and exhale a sigh of relief...
To the best of my knowledge, the topic at hand is about the PTAB process and whether that should be upheld due to as you stated the time-barring issue. Additionally, WDDD is challenging 5 of the 26 obviousness rulings from the PTAB directly. But the real issue, with Wi-Fi in hand, is the party at hand and time barring.
WDDD has a real chance to get some of their claims back.
To the best of my knowledge, the topic at hand is about the PTAB process and whether that should be upheld due to as you stated the time-barring issue. Additionally, WDDD is challenging 5 of the 26 obviousness rulings from the PTAB directly. But the real issue, with Wi-Fi in hand, is the party at hand and time barring.
WDDD has a real chance to get some of their claims back.
I think the important thing to note is that the chances, historically, of a reversal of a PTAB decision a la VRNG is less than 5%. Throw in a neutral to positive judge panel and I find it hard to believe anything besides an affirmation of the PTAB decision.
Incredible news. Congrats all. I think fear of CAFC judges a la VRNG was a massive hurdle for the stock price as so many watched VRNG closely and saw the consequences of a bad CAFC panel....once again, congratulations. I have an order put in for my last block of shares and am incredibly excited for this to pop off today.
My official prediction, which I'll be held to, is .55 by EOD ($0.11 pre-RS).
Wow. I was the highest bid for the last 2 days and never got through! What gives......watch the panel tomorrow be 3 favorable judges and price jumps to .60....FML.
How about your previous post back in 2016 when you were under a different alias when you were long WDDD? You seemed to have flipped your stance on the 101 argument.
Thanks JJ.....sorry I never got to your PM....don't know how to respond on here without a subscription....lol
It honestly bothers me that Mayer is still a federal judge. His war-like attitude in the courthouse combined with panel stacking have led to awful rulings in the past couple of years. The fact that Mayer's brief in VRNG v Google ruled supreme, while Chen, by far the most learned and qualified in IP, was basically ignored despite heavily dissenting with the decision, makes me a little angry even as someone who didn't have a stake in VRNG. It's an absolute joke that someone with no knowledge of IP's arguments were used instead of someone who WORKED for the PTAB and spent years in the intellectual property legal industry. Clear corruption.
But it's certainly good for us that the PTAB stacking has been acknowledged recently on a federal level.
Unbelievable analysis. Most people get paid $600 an hour for that kind of consulting work.
Anti-patent judges are bad for a patent company. I never put that one together.
Welcome back.
What would you like light to be shed on?
Indeed, there was a R/S two weeks ago to make way for 35M shares for warrant holders (all long-term shareholders, Kidrin, Morris, etc). As there were previously 246M shares outstanding and 250M authorized, and a R/S already approved by shareholders a few years ago, the R/S was eventually going to surface. The warrant holder exercise of the 35M forced it.
We're back on this market valuing thing? Really?
Mkt cap is $18M. MRMD stake is $6M. Net liabilities of $5M. Still incorrectly subtracting liabilities from market cap to get asset values, CFA?
Excellent work as always.
Not only does that case bear way more resemblance to WDDD's current case against ATVI as apparently you didn't even read the article, it also just proves that Max Tribble knows what he's doing with the MMORPG industry and knows what it takes to defend patent plays, and specifically in the industry.
Keep the negativity coming....the time is running out.
I'd be shocked if there wasn't at least a small runup the few days before judge panel personally.
Gotta love it - classic bank tactics. Charge the money for the people who can afford it less, and waive it for those who likely wouldn't even care.
I only have a couple thousand in TD solely for WDDD. Wouldn't use it for anything else. So many better options out there.
I will also be placing a waive request.
Doing EXTREMELY well. As I said in another post, the R/S was triggered at the perfect time. Worst-case scenario would have been a meaningless, catalyst-less run-up that triggered the warrants and R/S and plummeted after the R/S went into effect.
With the positive WiFi decision and court date so soon, there's absolutely no reason for the PPS to go down besides profit taking. March 10th is only a few weeks away and one of the most important catalysts to this point - Judge Panel Selection - is upcoming. Considering WiFI + Court Date was enough for a ~125% runup that has sustained, can you imagine what will happen if there is an all-positive Judge Panel?
With such a high % chance that the Judge Panel is 2+ favorable judges...and with how we now know the market reacts to positive catalysts here, I think we're STILL undervalued at this point.
I would guess 80% chance positive judge panel selection, with a runup of 75% (.35/.07 to .60/.12)....with the numbers being post- and pre-R/S respectively.
Cheers.
Almost 150k volume in the first 90 minutes of trading....equates to 750k in pre-RS volume? Still a little confused.
The OTC Markets at https://www.otcmarkets.com/stock/WDDDD/overview must not have real-time data at all. Volume says 136k yet the total of the trading at the bottom amounts to 35,712.
Not sure where we can get accurate individualized trading data anymore.
Anyone know of anything similar to https://ih.advfn.com/stock-market/USOTC/worlds-inc-WDDD/trades ?
So WDDD was already approved for free, but WDDDD now needs to submit some sort of request because it's a different symbol? Lol
There was a reverse stock split (5 to 1), so the .06 to .30 was just a result of the shares dropping from 246M to 49M.
The jump from .30 to .60 was likely a mistake, someone putting in a market buy order when the ask was at .60 because most brokerage sites still hadn't credited shareholders' accounts with the new WDDDD shares.
Hey Mad. Any idea why the OTCmarkets Level 2 is now subscription based? The old WDDD link I had was free for level 2. Weird. I guess there are certain prices to pay for the extra D in WDDDD.
10-K should be out in April.
They don't issue Q4 10Qs.