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Two reasons, in my view.
(1) Post-run up lull....has happened with every run up pretty much. Although we've hit the point where I think we've got a decent support at .08. People selling hoping to get back in at a lower price.
(2) People taking profits, some possibly not wanting the downside risk and happy with 100% gains.
My intent wasn't to point out the obvious, I was just reacting to this:
"- This lawsuit started in 2008- so $25 million seems like chump change for an 8-year battle. "
The timing here was irrelevant IMO - the settlement amount being low correlates to the impact of the technology to the product and sales impact. An accrual for legal costs and time was probably in there. Just my $0.02.
But I do appreciate the finding of a settlement between an infringer and large tech player. Had never heard of it before. Makes sense that it was below 9 figures.
$25M is because of the irrelevant nature of a search function and ability to place album artwork on a song in Apple's sales.
I'd say $25M is pretty decent for that.
WDDD is arguing that the core of MMORPG is based on their technology.
Quite different.
Oils States is unlike anything else before the court in terms of impact. The Court has to weigh the ramifications and harm that is being done to inventors. They know by delaying their verdict millions or billions could be lost by parties that have pending judgments now. All the resources committed to the IPR Process its endless domino chain that impacts millions financially. I dont see them sitting on that to the end of the term.
Great trading activity today.
As I said a few days ago....I think it's obvious this is heading past .10 very soon. The trading pressure being held down by the MMs will only last so long. Every time we get sustained buying and no PPS move usually just means a delay....and then a few buys one day shoot the PPS up.
I have a lot fewer shares than many of you but I've more than tripled my position since the WiFi decision. Not selling a share before the court decision....
Extremely high. Doesn't necessarily mean anything though. The hope is that a pro-patent judge would call him out on the BS he's used before.
For anyone who peruses r/investing -
Someone posted a thread regarding $MRMD's surge today about 15 minutes ago. One response regarding WDDD. Anyone here?
Shouldn't hurt for visibility. That sub has almost 500k subscribers.
Only a further catalyst for WDDD to continue rising.
Indeed huge news.
It is our time.
If anyone can confirm the docket as well, great.
But huge afternoon could be coming.
Interesting to note that we have officially passed the point where these "runups" had ended in the past.
Runup #1 - Speculation
2/14/2014: $0.17
2/19/2014: $0.25 (reaches as high as $0.29)
3/13/2014: $0.18
Total runup time: 16 trading days
Runup #2 - Markman Win
6/26/2015: $0.08
6/29/2015: $0.17
7/9/2015: $0.09
Total runup time: 7 trading days
Runup #3 - Post-PTAB claims survival
12/1/2016: $0.03
12/2/2017: $0.06
12/20/2017: $0.03
Total runup time: 13 trading days
Runup #4 - WiFi Win, NY 2018
12/15/2017: $0.03
12/18/2017: $0.04
1/3/2018: $0.05
1/9/2018: $0.06
1/11/2018: $0.07
1/22/2018: $0.08
Total runup time: 22 trading days (and counting).
This is no runup. Fairly obvious to me that this will hit $0.10 soon. Too much pressure and building in the last few weeks.
Yeah, just wondering if that was a manipulation attempt or just a novice investor not understanding how bid/asks work.
Whoa......can't imagine what 47k at $0.10 means.
Just hit $0.08 as well around 10 AM EST. Just bought a block. This is on the move.
Ask is slowly creeping down. Trying to buy a block within the next 2 weeks. .05s please!
The best part about Wi-Fi is that the potential for the IPR ruling, which knocked out 60-70% of WDDDs patents, to get thrown out completely, thus bringing back WDDD's patent portfolio to 100%, rockets up the price of settlement.
Interesting that nothing is left on the ask before $0.10 as of 4:30 yesterday.
Will change with action today obviously, but interesting to note that the $0.0688 ask had been there for months. People are afraid to leave asks up there overnight, possibly? Wouldn't surprise me.
Don't worry. Anyone talking about the recent events of WDDD talking about a few shares being exercised as well as warrants is desperate for negatives. Anyone would be talking about how the positive Wi-Fi ruling can completely reverse the PTAB ruling where claims were lost, as well as how Oil States is getting closer and closer, settlement remains a possibility, and judge panel could be upcoming.
You saw the PPS increase (over 150%) on just Wi-Fi. Imagine in six months if Oil States is positive and judge panel is positive.
It costs the npe more, especially ones always needing financing to stay alive -that creates leverage
If you believe a big player will settle with a npe you are fooling yourself, as all it will do will invite other npe's or trolls to sue them
I hope you don't actually believe a guy named "Celtics" can pump a stock by hundreds of percent on his own and then reap the profit.
How are you possibly ignoring the Wi-Fi win?
Jeez man. You seriously think the reason this doubled was because of warrant holders pumping it? Unbelievable.
Right. Can't imagine what PPS would be with a positive outcome there, considering we floated near .60 with all of the claims. Although we have a significantly higher number of shares outstanding nowadays.
It is interesting to note that despite another 10% day, breaking the .07 barrier, there have been almost 1M of sells today....despite some profit taking, we are still increasing. I think this may have to do with lagging price changes. The buys have dominated the sells recently but the price has slowly risen....it was due for a boom (speaking to the past 2-3 weeks).
Hard to say many didn't see this coming...Oil States and WiFi (as madprophet had spoken to many times) were risk-free positive catalysts.
Official projection from me is volume remains where it's been recently and price steadily rises to .10. A positive judge panel shoots this to .17 or .18. I have money almost cleared in my brokerage firm and will be buying at whatever the price is by Monday.
WDDD over the .065 barrier. Up 150% in a few weeks.
Who's hiding facts? Pretty much everyone has acknowledged that even if they had some shares at $0.15, they've averaged down significantly. So the shares they purchased at $0.15 or $0.30 are irrelevant. The only thing relevant is average cost and current market price.
Why are you so worried about it anyway? Just curious....thought you said you were done with WDDD.
And about the price....IIRC, WDDD was floating around high .02s and low .03s....it hit .025 for maybe a half hour one day?
Point is...you guys predicted .02s and it's now in .04s...for a stock trading where it is and the relative price increases recently, your predictions couldn't have been more wrong. Can't remember who it was that predicted even .01s. Doesn't seem too genius with what's in store in 2018 compared to the nearly-dead years of 2015/2016/2017.
I'm here to see who I can trust.
Weren't you guys predicting .02 just a few weeks ago?
Settlement offer has always been the most likely way WDDD sees a penny, obviously. Have to think that the more and more hurdles WDDD passes, and the more and more time passes, the higher the settlement amount becomes. Fees incurred, PV of money, probability of loss, etc.
Personally I don't know what effect settlement (rather than pursuit of trial) would have on future infringement cases. Anyone with more insight on that?
The ask hit .0449 this morning and multiple buys of 100,000 already today. 2x more buys than sells on strong morning volume.
Looking really, really good. Wouldn't be surprised by .0425 soon.
I look at it personally from the bid/ask spread and volumes/ranges. For example, even if we hit .035 at one point in the day, a few blocks of 10,000 at .031 and .029 makes that .035 figure not mean much. But if we can get solid bid support (it seems to be coming and going), we can know for sure we aren't heading below .03.
Right now the ask is at .035 which I see as a good sign but there's a heavy block of almost 1M at .036.
We're settling back into the .033 range IMO.
Hard to argue with history.
Decent size bid block at .0281, should build some pressure upward toward .03. Was getting a bit worried but as usual, we'll probably see this settle around .03 for the time being with no external news/events.
So now that we've cleared up the dilution fallacy....what are we back to next?
"Market values the claims as worthless?"
ALPHAINVESTOR8 IS 100% WRONG - CONFIRMED NO DILUTION. AS I STATED 100+ TIMES THE NOTES CAN/WILL BE ROLLED OVER AND EXTENDED BECAUSE THEY ARE SHAREHOLDERS. EVERYONE SHOULD DO THEIR DUE DILIGENCE AND UNDERSTAND ACCOUNTING. THANK YOU AND HAVE A GOOD DAY
That now makes AlphaInvestor8 0 for 4 on his predictions about WDDD so far. No 101 in Bungie reply, no cross appeal made by Bungie, no offering/dilution, and the stock hasn't dropped.
ONLY PLACE TO GO IS UP. I feel bad for anyone who made investing decisions in the last 3 months based on his advice.
NEW 10-Q
We issued promissory notes in the amount of $290,000 during the nine months ended September 30, 2016. The promissory notes carry a 6% annual interest rate. All of the promissory notes had reached their maturity date and extension agreements have been signed for all of the $750,000 in notes.
The Company has $773,279 in short term notes outstanding at December 31, 2016 and December 31, 2015. These are old notes payable for which the statute of limitations has passed and therefore the Company does not expect it will ever have to repay those notes.
We issued promissory notes in the amount of $290,000 during the six months ended June 30, 2016. The promissory notes carry a 6% annual interest rate. All of the promissory notes have reached their maturity date and are currently in default.
Institutional investors can invest in penny stocks (NANO CAPS), but they almost never do.
Whoever said that they cannot invest in penny stocks was wrong.
Just as I explained to you before, Hudson Bay was one of the original financiers of WDDD a few years ago and used their leverage to bleed out WDDD. They probably kept 600k shares (chump change compared to what they made on their options/shares) as essentially free shares in case WDDD ever amounts to anything.
They do not BUY AND HOLD penny stocks, they finance them with offerings at discounted prices and sell those shares back for gains, as Hudson Bay did.
You really should READ this board instead of continually repeating incorrect information.
But hey, whatever fits your agenda.
Imagine if public companies told you exactly what they were going to do before they did it. Let the entire world know their plans.
Seems a bit.....stupid, no? I'm not sure stupid is even stupid enough of a word.
WDDD GOING TO .04s SOON
850k on the bid within half a cent of market price, just 150k on the ask until .07s.
WDDD up 200% since last summer...
Isn't this fun???
By next May you will be $4,000,000.00 man, by next November you are at $5,000,000.00 man. Haha.....
WDDD heading to high 4s!
Up 50% since May....by my Kindergarten math, that's 4s by May 2018 and 5s by November 2018!
All aboard!
Wow 10:54 est and 289,855 on the bid at .0345! I guess all those institutions are smart enough to want WDDD or maybe sellers are somehow being manipulated into NOT selling this stock due Billions?? uh huh...
Many players in this sector play in the micro caps
LOL - no sir they sold them to institutions
sorry but the reality is no one is taking out those notes in default for equity are they?
Don't forget that even if it's the noteholders who have the option to demand their money and then take legal action, they also have the option to simply roll the notes over as is common in the U.S. financial system as bankruptcy is complicated and can take years.
If the noteholder is willing to roll them over into new notes (i.e. extend), that's not information that would be in a financial statement because it's a decision a noteholder would have to make, and not up to the company issuing the financial statements. So the issuing company (i.e. WDDD) could NOT say "we plan to roll the notes over" if it's not up to them. But it could easily happen at the discretion of the note holders to avoid bankruptcy.
Obvious stuff yet quite literally hundreds of thousands of words have been wasted on this topic.
Still no acknowledgment that rolling of notes, BY NOTEHOLDERS (NOT the company), is a possibility.
What will you say if the notes are rolled over for 2 years? Will it still be a FACT?
I just wanted to say, once again, you have done a great job here keeping up with the impending catalysts and other news around the landscape. Your commentary regarding catalysts and run-ups and essentially using timing to collect free shares and de-risk is exactly how many people have played WDDD and other penny plays for years.
Within 6 months WDDD will have doubled and maybe tripled with all of the catalysts you have mentioned, assuming there is some positive news of course.
I'm not sure why the "value of claims" argument is being used to argue against catalysts around the patent, IP, and court landscape creating hype around patent plays.
They couldn't be further from being relevant to each other.