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LOL, I guess charts do lie, because it also has a june 13th, 2013 price of over 55c, yet I believe it's only June 5 today! For April 17th it says the high was 54c low 46c. The finger has to be on the lines in the chart, not above them or else it gets wacky.
Chin Up! LMAO!
Obviously something lies because the stock hasn't hit 58c in years!!!!
Every 3-6 months something comes out saying how the Pres is going to work on it, and people come out of the woodwork saying they are worried that the sky is falling on IP stocks. WDDD doesn't own patents about rounded edges, this isn't some frivolous lawsuit company, it only takes a few minutes of DD to see that.IMO
Here is a testament to CEO Thomas Kidrin's integrity!
This below is from the 2012 10K, notice Mr. Kidrin has 15,000,000 options that expire 9/2012
Since the announcement of the vote for the R/S shorters have moved in. Most stocks go down on anything having to do with R/S so shorters jump in. In this case, management already has the authority to enact a R/S, since June 2010, they are just looking to extend that authority, (as it expires at the next annual meeting), so when the time is right they can take the stock onto a higher exchange where institutions can buy as stated in the PR:
Right now this very second management already has the approval to do a R/S, and they haven't, they could have for the past couple of years but haven't. Fully diluted the shares come to about 100MM shares, which leaves no room if any deals for other patent portfolios come up. After a successful markman win it would be beneficial to all to get onto a higher exchange such as NASDAQ or AMEX where big financial institutions would be allowed to buy the stock, in that case a small reverse split would be very beneficial to all. You either trust in management to do the right thing or you don't, obviously they have the right to do a R/S right now and have used discretion in that authority, and now they are just asking to continue to have that option.
Great post, needs to be stickied
New Worlds website and IP video coming from the company soon!
Website Updating
Create and maintain a new www.worlds.com site directed as a patent portfolio holding company and WDDD’s current litigation.
Produce a video of the Intellectual Property Portfolio and Worlds’ place in the IP marketplace of public companies.
I will say todays PR covered all the bases. It tells everyone that he could have done a R/S this whole time, even right now today, but didn't, and exactly when and why he would do it in the future if need be. I'm with you that I like how he worded it, stating after a successful markman and litigation, making sure to let us know he wouldn't do it before it's best possible timing. I guess if the CEO was a slimeball he would have done the R/S already, but instead he put up his own option shares to cover the possible shares needed for the recent financing, putting his own money where his mouth is!
Lookie what I found! Back in 2010 WDDD had an annual shareholders meeting, and guess what, a R/S was on the ballot, word for word the same way. It got approved back then but the company never did it.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7269167
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7300564
That's false info, the debs can be converted at 85% of the market price, which equals a 15% discount, not much at all. If you read the 14A you would see that those shares are already being held in an account and covered by the CEO's own options if need be.
Cooler, unfortunately the 14A for WDDD never mentions the R/S being for an uplist, as opposed to this other example linked below, that specifically mentions a R/S being for an uplist.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9259590
Here is what the WDDD 14A says:
Looks like people are finally holding their shares tight going into markman! Should get fun from here on out! Go WDDD!
(LOL, right when I wrote that a market order hit and took it down, next time I'll keep it to myself, LOL)
Timing. Let's first see what this baby can do! Let's see what a markman win looks like to the share price. Let's see how it looks after the lawyers release the damages report and the market can get a better idea what these patents are really worth. Give some more time for a possible settlement to come in. Then if they really need it to uplist do a small 1:2 split.
LOL, you did!
A R/S does not change the authorized shares, only outstanding shares. I suggest everyone vote for the raise in authorized shares but vote no to the R/S.
LivingSocial, a daily deals website, has trailed Groupon since it launched. But this is an industry in which trailing the leading company is a very bad sign. As the financial troubles of Groupon demonstrate, the online daily deal industry started to fall apart not long after it began. Groupon’s share price, which reached a high of more than $26 after its initial public offering, was trading as low as $2.60 last year. While the stock is up on improved sales, the company remains unprofitable.
The situation is even worse for LivingSocial. Leading advertising publication AdWeek recently reported that sources would not be surprised if the company “was sold to a larger company or liquidated piece by piece by spring 2014.” That is a long way from when Amazon.com confidently invested $175 million in LivingSocial in 2010. The deal soured as the huge e-commerce company wrote down the investment by $169 million in late 2012. More recently, an Amazon SEC filing indicated that LivingSocial lost $50 million in the first quarter of this year, compared to a profit of $156 million in the same period a year ago.
The biggest competitors to both LivingSocial and Groupon are eBay, American Express and Amazon’s own AmazonLocal service. Each has a huge customer base and significant amounts of data about its customers, which they can use to target deals. LivingSocial does not stand a chance.
http://finance.yahoo.com/news/ten-brands-that-will-disappear-in-2014-181419498.html
I read it too, and yes it doesn't make sense. It's clear they don't have majority vote, insiders control about 10MM shares of a 84MM share O/S, so I can't see it passing at all, no one in their right mind would vote for that. Plus many other patent plays have similar share structures and they are doing just fine. Part of the deal of the last financing was warrants that could be converted at 50c, which would bring in another $2MM+, so the need for more cash is pretty much covered unless they want to acquire patent portfolios like Vringo did. A R/S would mean they wouldn't need to raise the authorized, so the only reason I could see puttting that in there is to get people to vote for the raise in authorized shares, almost like forcing people to choose the lesser of two evils. I have no problem with the raise in authorized shares because public companies use shares for a variety of reasons and they are currently maxed out right now if everything was converted, plus if they acquired some more patent portfolios that would be great. Maybe like I wrote, if they had only asked for a raise in the authorized many would have said no, but by throwing in the possible R/S scenario people will be more likely to ok the raise. Either way, nothing will happen until July 15th. I think what would really help the stock is a damages report as that would give everyone some concrete guidance as to what the stock is worth.
No, because time is running out. What happened a month ago doesn't indicate what will happen now, there are many factors that have changed since then, one being that we are a month away from the markman hearing and the stock is still undervalued. If the stock were sitting at $1 that would be a different story. Lots and lots of accumulation has taken place in the 40s and the stock is poised for a breakout.
No one knows for sure how the runs will go, NO ONE!!! There are so many possibilities. Let's just say for whatever reason the stock is still around 50c at the markman hearing, I don't believe you will see a sell off of magnitude, because the risk reward at that price is tremendous. A markman win would take the stock straight up to $1.50-$2, up 200%-300%, whereas if the stock runs to $1 pre-markman, some will likely sell because a markman win would get them 50%-100%, which for some isn't worth the risk.
Most likely Max already has the info, it just hasn't been released to the public yet. What EDVA is trying to do is make sense of what is out there for the layman, to put it all in one place and explain things in a more simplified manner so everyone can understand better what WDDD is all about.IMO
Good lawyers are always trying to get a settlement, no matter how good your case is, you never know what a jury will come up with, LOL, a great example would be the jury calculator mistake in the Vringo case.
Activision has a history of settling their cases, whereas Google has made it very clear they will fight tooth and nail with patent trolls. We need the positive markman hearing first.
WoWie WoW WoW, great day here!!! Looks like WDDD is thin and ready to roll!
I was just waiting for Jim to sell to buy more ;)
Just used to be more fun there when everyone was excited and posting alot :)
Unfortunately everytime you convince someone at WDDD into SCRC it hurts WDDD. What happened to the 20 posts per day at WDDD? Where's our cheerleader??? Having a great day there and no cheerleader to get everyone riled up!!!
Time to hit 60c and base in the 50's for WDDD!
WDDD moving up on low volume, looks to be ready for a breakout!
Was looking throught the SCRC filings:
Sure could use our 20 posts per day cheerleader back at WDDD, it's going up now on next to no volume, looks ready to explode!
Never said it would amount to dilution to the O/S, they were in better hands when they were in the CTO's possession, now they will be hitting the float, and at 3c a pop, 20,000,000 shares hitting the float will hurt BCYP share price.
Let's go Vringo Let's go!!!
Be careful here BCYP, they just issued 20,000,000 shares for 3c each! That's probably what's hitting the float now. Plus all the other options, warrants, ect.
Are you out, you barely even post anymore?
Worlds Chat is WDDD!!! The sentence is self explanatory, "for" means what it always means. Also read the Pacer filings as this info is included there.
I don't remember if I already posted this but when I talked to the WDDD CEO a couple of months ago he said that in the past he was in talks to merge with Activision but it didn't work out, my guess is that is why the willful infringment claim will be easier to prove.
Oh, okay, my bad, must have just been a random coincidence that there was major support on the chart multiple times in the 38c-40c area. No, there aren't many posting TA here, but you can see that the stock is following TA, 48-50c was the high from the past 10 years, and that's been the area of major resistance, and 38-40c has been major support.
His prediction of the last pullback was on the chart, any novice chartist would have told you 1 of 2 things, either a pullback to the support at 38-40c or a full blown breakout after the resistance in 48-50c area. His pullback theory was based on the idea that the stock was moving because EDVA was coming out with the prior art article and that it wouldn't be justified. I personally don't believe it would have pulled back so far if it wasn't for EDVA releasing another pick which caused some to sell and chase the new play, which btw is down bigtime since it was announced because of major dilution.
I agree Rainmaker!