Worlds Inc. Reaches Agreement to Rollover $750,000 in Notes
Nov 15, 2017

OTC Disclosure & News Service

-

BROOKLINE, Mass., Nov. 15, 2017 (GLOBE NEWSWIRE) -- Worlds Inc. (OTCQB:WDDD) has reached an agreement with holders of $750,000 in promissory notes to roll over the notes with accrued interest until March 2019 or a settlement on patent litigation is reached, whichever comes sooner. This rollover was done without dilution. For the immediate future, Worlds will fund operations through sale of its shares in MariMed Inc. in an orderly manner into the market.

I think current volume is the result of these 2 prongs.

Prong 1) Selling of the MRMD stake made good sense. At this point it provides liquid cash to WDDD to see this through to it's Settlement Payday. It is the best use of Capital. With this influx of cash, it makes sense to get into WDDD or increase exposure (before it is reflected in the share price) as it shows the bullish stance by the note holders and the CEO are still fully 'on board'. This buying is Prong 1.


Prong 2) The Patent World is shifting back to what it was designed to do: Protect those who create IP. Policy is changing. Now is also a great time to add or initiate exposure to this change in policy with it being EOY/Dec., it is a great time to get cheap shares from those who feel trapped or feel they need to take advantage of Tax loss selling. Over the past months it has been hard to grab a good sized block without running up the share price. Whoever grabbed 1MM shares at .036 on Friday did well. I would be shocked to see that happen again at such a low price. My guess is someone put that wall up thinking no one would take it out and to use it to grind down the ask.

2018 is looking very good for Patentholders and extremely good for WDDD. Don't forget all the hurdles that have already been cleared by WDDD and my favorite: Treble Damages.

Please do your own DD and form your own conclusions. My opinion matches my investment here but it is also worth to you... exactly what you paid me for it. :)

Change your browser to FireFox.
Then choose/modify your settings to block pop ups, etc.

That would be my recommendation.

No one knows until it happens but who else would be able to value the commercialization of DCTH products other than an expert in doing just that?

I don't think past offers matter here.

We are in a different marketplace and all the comps are different now. The big issue today is if not for sale... how would DCTH raise funds?


In this current space, I think Jenny has a valuation number she needs to hit to leave this company as a success and with some $$$.

After burning shareholders as she did, her options are limited.

$1/share is not the number I have. That was for illustration purposes only. I am happy to share general DD but we all should do our own specific DD ourselves.

The Poison Pill is a defense to a Hostile takeover. The presence of the new DR is proof this would not be hostile.

Current share price wouldn't be so low if that was 100% known.
There is Spec here.

Question I would ask is why would a respectable Dr make this move for any other reason? Follow the money... logic and money flow together.

2017 was a bad year for DCTH, we all know that.

I believe we are in the throws of a sale. I've been here before.

Who bought all these shares that were dumped? It was a perfect time for a possible acquirer to pick up cheap shares while removing a financial obligation.

I expect 'the Buyer' picked up millions of shares at less than .10/share. Soon they will make an offer before they have to disclose how large a position they have.

They will offer a price they feel will encourage investors to sell. Let's say $1/share. They will only have to pay the $1 on the shares they don't already have. The value will look much higher that the price they end up paying because of the cheap shares they bagged.

DCTH will be a division of a company listed on the Nasdaq, Jenny gets a win, and the Buyer gets a company on the cheap.

PM,
that's a great question. I'm afraid that is a question you would need to ask the people looking at doing the buying.

I can tell you the price I negotiated on my brand new car but that was between me and the Dealer. No one else knows. If others knew, I may have lost it to someone who was willing to pay more.

I imagine the same is happening here. Once public, it may draw other bidders. Patents, late stage trials, REV, tax loss benefits, etc... these things carry value.

PM,

Facts are always appreciated. Your facts reinforce my belief of what is happening here. Why would a company want to overpay on the old price when it can buy a company that costs less and has no debt.

Thanks for sharing.

Relax... nothing happened here today.

1) This is an extremely illiquid stock and the volume looks more impressive than it really is. Look at dollar cost... it's small.

2) Changes are afoot in America's Patent World; to the positive for Patent Holders. I expect that today, someone felt confidence in these changes and decided to start/restart an exposure to a company that survived a Markman, an IPR, and is waiting to add back IPR 'invalidated' claims.

3) Warrants don't get sold like this and at last check, there are no authorized shares to allow this at present without an R/S or SEC Filing.

4) Looks like the bulk of today was bought by 1 buyer. That is bullish but then... I do expect the share price to begin a move North as 2018 should be a great year for WDDD in the Courts.

5) Today means one thing to me. The cost to get shares is going up so if your plan was to add... your cheap days are leaving.

I think anyone that has spent anytime here knows the financing of WDDDs was by a group close to the CEO who are not interested in flipping for pennies.

Is Athenex preparing a bid for DCTH?

Appointment of a Director

Simon Pedder, Ph.D., a scientist and pharmaceutical executive with a greater than 30-year career in drug development, has joined the Delcath Board of Directors and Audit Committee effective November 14, 2017.

Dr. Pedder currently serves as Chief Business and Strategy Officer at Athenex, Inc., a global biopharmaceutical company dedicated to the
discovery,
development and commercialization of novel therapies for the treatment of cancer, a company with which he has been an officer since February 2016

October 05, 2017

BUFFALO, N.Y., Oct. 05, 2017 (GLOBE NEWSWIRE) — Athenex, Inc. (Nasdaq:ATNX), a global biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies for the treatment of cancer and related conditions, today announced that a planned interim analysis of the Oraxol 001 Phase III Clinical Trial has been conducted and reviewed by an independent Drug Safety Monitoring Board (DSMB). The DSMB unanimously recommended continuation of the study. The DSMB was impressed by the conduct of the study in achieving a good overall response rate. The DSMB was reassured by the expected difference in safety profile between Oraxol and IV paclitaxel. In particular, the adverse event of painful neuropathy was uncommon with Oraxol treatment. The DSMB encouraged the rapid patient recruitment toward the scheduled second interim analysis at 180 patients.

I expect the price stability is to exercise warrants:

The New Notes bear the following terms:
•
The New Notes do not bear interest except upon the occurrence of an event of default upon which the interest rate is 15% per annum.
•
The initial conversion price is $1.50 per share for an optional conversion and at any time, an investor may instead engage in an alternate conversion for
which the conversion price is 82% (75% if an event of default) of
the lowest vwap for the Company’s common stock on the three trading days prior to
and including the date of the conversion. All conversions attributable to the Restricted Notes shall be converted at the lower of the optional conversion
price
and the alternate conversion price, then in effect.
•
The obligation to prepay the Notes is extended to March 31, 2018, except in the case of an event of default or change in control.
•
Assuming equity conditions as stated in the New Notes are met, the investors will consent to release cash to the Company from the existing controlled
accounts upon conversion of the New Notes.
•
The New Notes contain provisions waiving Section 8 of the Restricted Investor Notes, including, without limitation, any requirements for the
Company to effect installment conversions or redemptions.
•
The New Notes contain customary and usual terms including but not limited to, events of default upon failure to trade on an eligible market, failure to
timely deliver shares upon conversion, failure to maintain
converted share reserve, for conversions, failure to make payments thereunder when due,
failure to remove legends, cross defaults to other indebtedness, bankruptcy and the like, and any material adverse effect in the Company’s financial
condition, as well as remedies and negative covenants substantially similar to those in the Investor Notes.
The New Warrants
bear the following terms:
•
The Warrants will be exerciseable for five years from the date of issuance.
•
The initial exercise price of the warrants is 115% of the closing bid price of the Company’s common stock as of the trading day ended
immediately prior to the time of execution of the Exchange Agreement

My guess is the ongoing funding requirements has the BOD thinking about a sale.

I would expect to see a stock swap offer. With no debt, this is attractive to the buyer and with the new cheap shares... everyone who bought (recently) on the open market will do well.

Jenny gets a pass, she books a win, and can move on to another company. Timing is everything.

Some quick things for the Board to think about that I have not seen come up:

1) Tax loss benefit. If a mature pharma is looking to acquire DCTH, there is value in the sizeable losses the company has racked up (reduce taxes payable on other products or future gains here).

2) Bankruptcy doesn't make sense. It's a big deal for a CEO. Usually, they can no longer serve as an executive.. at any company. And why would they? They just got rid of their liabilities.

3) Why did they get rid of their liabilities? I speculate they are prepping for a sale. Firstly it should remove any covenants in place that could kill a deal. Secondly, I expect people in the know have picked up sizeable positions out of the millions of shares dumped to payout the Lenders. Dumping shares allowed those in the know to build low cost positions and gain larger exposure to a run up on FDA approval, buyout spec, etc.

4) Who took up all these dumped shares? Do you think retail had the appetite to absorb the over $10MM pumped out in shares? Especially after the scary 350-1 RS? I doubt that. Most retail already got played here. No powder or too burned to buy more.

5) Fraud? Sorry, nothing here looks like fraud. Shareholders might not like the fact they lost a ton of money but equity shares are worth only what the open market values them at. The company used this fact to their advantage.

I still think this is highly speculative and anything can happen but worth establishing a position.

The study, Percutaneous Hepatic Perfusion with Melphalan in Uveal Melanoma: A Safe and Effective Treatment Modality in an Orphan Disease, was conducted by researchers from Moffitt Cancer Center in Tampa, FL

Get ready for FDA.

Stop overthinking this.

Current stock price has nothing to do with the fundamentals of the company.


If you believe the company has positive news to push out... you might want to buy.

If you believe they don't... short or go elsewhere.


I like the tech, believe they have cleaned up their equity ownership issues which will allow for more (real) funding, they have excellent tax deductions for a larger profitable pharma to use to reduce tax, and a tiny float that will allow them to sky-rocket share value on the positive news I see forthcoming and just before they do another financing at a much higher valuation. This is a timing thing.

I bought today.

Have fun :)

As I said... Kidrin gets it done (again).
Actually, the equity ownership by the Lenders having converted in the past had me certain no further dilution made sense for them:

Worlds Inc. Reaches Agreement to Rollover $750,000 in Notes

Nov 15, 2017 08:00:00 (ET)

Worlds Inc. Reaches Agreement to Rollover $750,000 in Notes

BROOKLINE, Mass., Nov. 15, 2017 (GLOBE NEWSWIRE) -- Worlds Inc. (OTCQB:WDDD) has reached an agreement with holders of $750,000 in promissory notes to roll over the notes with accrued interest until March 2019 or a settlement on patent litigation is reached, whichever comes sooner. This rollover was done without dilution. For the immediate future, Worlds will fund operations through sale of its shares in MariMed Inc. in an orderly manner into the market.

"This rollover accommodation by our noteholders, who are also shareholders, is in the best interest of all shareholders, as it removes all defaulted notes from our SEC filings, and does so without dilution," said Thom Kidrin, Worlds CEO. "Our noteholders' agreement to rollover their notes on reasonable terms is a testament to their belief in the long term outcome of our patent infringement litigation against Activision/Blizzard as well as their belief in the ultimate value of our patent portfolio."

"We hope to have a ruling on our Inter Partes Review (IPR) appeal by spring 2018," Kidrin noted. "We plan to actively pursue additional litigation as well as continue our current litigation against Activision /Blizzard," Kidrin noted.

Worlds has filed an appeal brief to recent Patent Trial and Appeal Board (PTAB) rulings with the U.S. Court of Appeals for the Federal Circuit regarding Worlds' seminal technology that has been fundamental to the development of massively multiplayer online role-playing gaming (MMORPG) into a $20-billion dollar industry.

"We believe there is substantial evidence to support the validity of numerous patent claims that we were originally awarded, but were subsequently invalidated by the PTAB," Kidrin explained. "Furthermore, according to matters of law, we believe that the PTAB's Inter Partes Review reached an incorrect decision related to Bungie Inc.'s naming of all real parties-in-interest and in their challenge to the validity of out patent portfolio at the U.S. Patent and Trademark Office (USPTO)."

The previous validation of six claims by the USPTO PTAB enables Worlds to resume its case against Activision Blizzard et al. However Worlds believes an appeal and possible reversal of a number of the invalidity rulings will strengthen its case against Activision Blizzard when the case resumes. Therefore, Worlds has continued the stay of its Activision/Blizzard et al litigation pending a final outcome of the IPR appeal process.

More information on the lawsuit and Worlds' patents can be found on the Worlds.com website.

Time to provide evidence of your claim....

Will be difficult as it doesn't exist.

WDDD is not an NPE.

whatis.techtarget.com/definition/non-practicing-entity-NPE

A non-practicing entity (NPE) is someone who holds a patent for a product or process but has no intentions of developing it.

WDDD was born out of the company that created the tech that it patented. It is not a Patent Troll either. Both of these terms were used to vilify those looking to enforce patent rights.

WDDD's history shows how it used it's tech in the Marketplace. I believe Aerosmith used their tech.

So, having created the tech, used it, found others were using it without license or other permission, it makes sense they are taking a break to focus on enforcing past work before developing anything further.

A company with no connection to the development of the work the patent covers like a company that is full of attorneys who just buy patent portfolios... that would be an NPE.

Like the PSAs say... the more you know...

At current share price levels this might be the case and that is exactly why it won't happen.

Those who have been lending to WDDDs each time it has found itself in this position (before) now have a large equity ownership.

Dilution now would hurt the equity side of their exposure to WDDDs and that side has the most upside.So they won't be doing that. They will wait for settlement. Why?

Upon Settlement, they will ensure they are paid a 'Special Dividend' so they can keep their equity position and keep getting Special Dividends as other infringers are made to pay. This is not a one-off-infringer deal.

As for the debt that is default? No big deal. It's still earning interest and is the first to get paid upon Settlement.

It's really the best of times for those who own WDDD debt and equity. Times have changed... in favor of Patent Holders.

Just so I understand you properly, you are saying that the conversion into millions of shares last year has no impact on the company this year or the intrinsic value of the stock? Ok, I disagree as I am sure the investor(s) who made the conversion must have also felt/feel.

I will restate: Longs are currently mostly invested awaiting news.
Upon News, I see an uptick in buying as that is logical (basing on the news being in favor of WDDDs.

Share price currently is not efficient in demonstrating the underlying value.

GLTALs

If... the stock had no value which means the patents have no value... then why did Debtholders convert to equity last year. That's a bad move if you don't believe in the future of the company. Anyone investing in stocks should know the priority of payments.

Stocks like WDDD that are awaiting NEWS are inefficient because NEWS is what will impact their direction. Current trading has more to do with retail needing to raise funds for other expenses or the odd new investor tripping over this stock and adding.

No advertising, PR or pumps have been put out by the company. All resources are being used towards getting our Settlement.

Whenever funds are needed, Thom has a group of friends who believe that he turns to. Since Hudson, he has been all that more careful.

Anyone who thinks otherwise simply doesn't know the history of WDDD.

Amen Brother.

Remember, no one here has the right to call others wrong when they too are just spectators to the Court events. Law is subject to interpretation and that is a large part of our legal system:

In legal systems based on common law, a precedent, or authority, is a principle or rule established in a previous legal case that is either binding on or persuasive for a court or other tribunal when deciding subsequent cases with similar issues or facts.

When someone speaks to you unsolicited, one must ask 'What is the motivation'?

Thanks for the cheap shares.
Also, Bonds get paid before shareholders. Upon settlement, the debts will get paid first.

Great average down, nicely done.
Susman is the key.
Keep the faith!

We'll get to the Valley of Cash soon enough. A little later than we thought but it's coming.

I haven't seen any volume here since last year... do you feel it's being manipulated? I think it's just illiquid. With no major news, only those with cash constraints forced to sell, new investors, or the Old Owl picking up more shares cause the price to fluctuate ;)


Once the upcoming hurdles are crossed, then we will start to recognize the inherent value of WDDD.

GLTALs

Yep.

At these levels and with the past dilution, it really doesn't make sense to do another equity raise at this time. If anything, a convertible debt issue that cleans up the old debt and repackages into new terms makes the most sense. Most likely with warrants.

The controlling shares currently held won't ever be up for sale. When WDDDs wins, a special dividend will be issued to pay back the loyal shareholders (of which most are, again, held by the real financiers of WDDDs... Hudson not included ;) ). Why? to maintain control of the company and prevent a hostile takeover. Special dividends will keep getting paid as more and more ingringers settle.

Selling at this time makes no sense. Only fear of success would cause anyone to do that now.

OLD NEWS... Yes, everything affects everything at some point.

My point was that although these events are a part of our past, we have never been at a stronger 'value' as we are currently in these patents. When those offering Free Advice show up to convince you to sell, that's a very bullish sign. WDDDs value has yet to show up in our 'valuation'.

The share price is low currently because instead of spending money on pumping (a la Vringo), Thom has been getting the work done.

Ask yourself, with so many outstanding shares, why is the daily volume so low? Because the majority of those shares are locked up by the Big investors who keep supplying the financing. At this point, they have enough ownership and aren't worried about the default.

The Sky is far from falling in on WDDDs. It's quite the reverse.
Just watch the Board for new faces telling you it's the end...

ATVI is known to settle on the Courthouse Steps so keep that in the back of your mind(s).

OLD NEWS... Yes, everything affects everything at some point.

My point was that although these events are a part of our past, we have never been at a stronger 'value' as we are currently in these patents. When those offering Free Advice show up to convince you to sell, that's a very bullish sign. WDDDs value has yet to show up in our 'valuation'.

The share price is low currently because instead of spending money on pumping (a la Vringo), Thom has been getting the work done.

Ask yourself, with so many outstanding shares, why is the daily volume so low? Because the majority of those shares are locked up by the Big investors who keep supplying the financing. At this point, they have enough ownership and aren't worried about the default.

The Sky is far from falling in on WDDDs. It's quite the reverse.
Just watch the Board for new faces telling you it's the end...

ATVI is known to settle on the Courthouse Steps so keep that in the back of your mind(s).

Not sure why this 'OLD NEWS' means anything to where we are today...

But, I'll chip in: That's like a lifetime ago. Hudson, the vampire. came in and screwed with Thom. Whitey Bulger delayed... yes. All this has passed, Markman (passed) PTAB (passed), etc...

If you've lost your nerve as many do at their personal point of capitulation, that's understandable. Napoleon Hill talks about it in 'Think and Grow Rich'. Look it up: Three feet from Gold.

In my life, I always ask.. why is someone going out of their way to 'inform me' on a topic. 100% of the time it's because they have an interest in it. So, follow the money. If you have been here for 2+ years... why would you get out now? You're down and the only way to make money is to stay in.

If they dilute, then you get less but still more than you have now.
It's our money, our experience, our knowledge base. Put your shares on ice... this will become something HUGE soon.

Who is Thom Kidrin (NOTE he was involved @ Worlds Online Inc. when products were being created. Way before Patent Trolling became a 'thing):

https://www.linkedin.com/in/thomkidrin/

Worlds Online Inc.
Dates Employed Nov 1997 – Present Employment Duration 19 yrs 10 mos
Location Greater Boston Area

A pioneer in massive multi-user 3D virtual communities. (NASDAQ BB WDDD) holder of four U.S. patents; 6,219,045, 7,181,690, 7,493,558 and 7,945,856.

Responsibilities include: SEC compliance, corporate vision, implementation of management structures. Corporate oversight of product development, licensing, marketing/sales, domestic and international business product and service divisions.

PatentPlays,
One of the largest reasons I hold as many shares as I do. Well said.
Thanks

AlphaInv,
Clearly this is not the stock for you. You have made your points.
If you remain here, a logical person would deduce you don't believe your own words or you are hoping to scare shares loose.

You've 'jumped the shark'.

GLTY on another board. WDDD is a cult of the informed.
Take care.

Sellhibylo,

Yep. Is it worth scaring retail at this point? He can't be shorting here... it would have to be naked.

What I think he doesn't realize is the money is owed to WDDD friendly investors now. The Hudsons of the World are out. This same group has already built a sizeable equity position and has had the ability to convert since the beginning of the year. WDDDs is closer than ever to a settlement with ATVI. We could see an offering if the stock spikes on news but I'm not in the know on that either.

There aren't too many stocks out there that offer this kind of return and what I do know is that Thom has always found the money to keep fighting which is most important.

Well said Jack3t!

Years ago when I was new to this stock, I thought people that 'rushed' a board like that were bad for the morale. Over the years, I have come to enjoy them chase their tail(s). If they shake out weak hands, I get more discounted shares to buy. If they don't move the needle then I get a sense of how others feel. Neither has much impact on the prospects of the company winning or losing in Court or how I feel about my investment here. I have done my DD and am not in the habit of letting others scare me out of what I know.

I added to my substantial holdings here last week. I feel .04 is the new .03. I am still very positive about the shape of things and how WDDD has been hung in here and has always found the funds to keep fighting.

Should another round of private placement occur, I would like to contact Thom and be included if they'll allow me to join the group that has routinely financed us all these years.

ATVI should be reaching out to settle with all the changes in the air around patent litigation this year.

Thanks for sharing WhiteOwl.
Let's get you that dream retirement pad that has kept you buying here all these years. We will get paid... It's when I can't be certain of.

-L4B$

Excellent points and don't forget... Shorts pay interest to borrow shares... compounding their loss. Should be good!

Cool. I'll split that cost with you!

WDDD Yacht Party Bill being put forward for consideration on this day of June 22, 2017

I suggest anyone with less than 1MM shares has to show their Brokerage statement with at least 100,000 shares purchased no later than 6/1/14 with the bar & food bill being split by those with less than 1MM shares.

This rewards more old timers and they should be doing very well @ settlement. I can't imagine that group is very large... thoughts?

Noreika, you may just want to top with 900,000 shares now for a mere $27,000 ;)

Old Owl,

when I first bought it was in 2013 @ .11. I got out @ .18 and thought I had done well. It was a OTCBB stock and that always scares me. I missed the big run up that year as I was focused on VRNG. Over time as I dug and dug as part of my DD into Patent Plays nothing had the pedigree of Susman, the Stewardship of Kidrin, a smart cost play on legals (contingency), was not a patent troll (original owner of proven & specific patents), the commitment of Investors to keep finding the money to keep them alive. So I started to re-enter WDDDs

I couldn't believe how cheap (relative to it's peers) it was and bought a ton in the .20s


Then... Whitey Bulger hijacked our Judge & Courtroom
Hudson lured Thom into a horrible financing
Markman survival
Michelle Lee and her games @ USPTO
Bungie


What I learned about Patent Plays over the years:

WDDD has the strongest case and patents I've seen. It has been a long road and the value I saw years ago is now only stronger. WDDDs has passed many tests I felt confident it would (with Susman's involvement (and their skin in the game) as further validation.

Thom has learned from past financings and does his best to preserve shareholder value, he doesn't showboat, is careful how he spends company money, and is a strong steward of the company.
MRMD is also looking to be a great asset.

I now have a substantial investment here and am very excited at the prospect of treble damages against ATVI who has mostly exhausted all of it's delay tactics. ATVI has continued to monetize WDDDs patents and has only helped WDDDs prove the value of their patents by subjecting them to all the tests (as part of their delay tactics).

It would be crazy for ATVI to allow this to go to Court.
Unlike VRNG vs ZTE, this is not international, this is a domestic case between companies both domiciled & subject to US Law.
This is not VRNG (now FH) in any shape or form. Corporate Culture is also very different.
It's not VHC, PRKR, or the many others which are better than VRNG but still don't have the strength of WDDDs.

There is still substantial risk here and isn't an investment I would recommend to most.
In the past ATVI has settled at the Court House steps. That said, I look forward to a Settlement in the next 12 months and expect the stock to skyrocket in response. I also see a special dividend being declared to make a payout to shareholders who I expect want to keep cashing checks with each new infringer being sued while not losing ownership share. I also see a regular dividend being added in the future so I personally don't plan on selling any shares for many, many years.

The good news for longer term investors here (like Old Owl,MadP, DD, myself and others), your capital gains tax is much lower now.

Like most things in life, I wish I could take all that I invested here and entered at these prices but hindsight is 20/20. But with the beauty of dollar cost averaging (AKA Averaging down), I think we all should do very well. With all I know about patent plays and WDDDs, I would invest it all here again.

But that is just my life with WDDDs. Patent stocks are risky and we all need to sleep at night and take care of our families so please do your own DD and derive your own conclusions. I share this today as it was cathartic for me and I really don't expect anyone new to care but maybe some of you other old timers want to share your history with WDDDs.

Congrats on keeping the faith... We're not at a place where we can celebrate yet but hopefully Christmas 2017 will be extra special this year for all WDDD longs.









https://www.linkedin.com/in/thom-kidrin-a64586a/
https://en.wikipedia.org/wiki/Whitey_Bulger
https://thepatentinvestor.com/2014/10/hudson-bay-is-suing-worlds-to-force-the-patent-monetizer-to-slash-the-price-of-warrants/
https://www.fool.com/retirement/2016/12/11/long-term-capital-gains-tax-rates-in-2017.aspx