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Ah yes, just as the cross-appeal will be in the Bungie reply, as 101 will also.
STILL talking about dilution (and still wrong)......ZzZzZzZzZz
Thanks, Patent, was able to pick up a few shares last week and hoping to add more in a few paychecks.
At these prices the risk reward is off the charts imo.
I know Owl and Luckyus also picked up some small amounts in the past two weeks.
Stock drops to .024
Alpha: Ouch!! 2.4 cents!! Looks like patent swing trader just dumped some shares! Lol
I guess the swing trader realized it wasn't going up and better to get out before the dilution hits!
Lol!!
30k shares moved it from 0.026 to 3 dude
Oh my
"bbbbbut WHERE ARE THE BUYERS?"
WDDD up 14% on the day.
I'll go down swinging with a risk/reward as high as WDDD every single day of the week, assuming it's discretionary income.
Okay, so I did not call you a liar. I just remember you had posted about how you had gotten involved in WDDD at $0.15 and now have continually called it a "failure" without ever answering any questions about how or why so I just assumed you had lost money and were bitter.
My bad.
So how exactly is WDDD a failure with 5-7 independent claims remaining (including one of its strongest through PTAB), a 95% chance of passing CAFC positively, a 33% overall chance of successful based on the past, and billions of sales revenues on the line?
In other words, WHAT HAS CHANGED IN THE PAST FOUR YEARS THAT HAS MADE THIS A FAILURE?
Did you honestly expect all 16-17 independent claims to make it through the PTAB?
When did I call you a liar? Sorry if it seemed that way.
How can you call WDDD a failure when it still has arguably its strongest patent through PTAB? Doesn't make any sense to me.
If your goal here was to swing trade and make quick profits....sure, it might be a failure.
But I doubt many longs are here for anything like that.
What makes it a failure? Retail investors sold off their shares when ATVI pushed this years back?
It's a failure when the patents are dead. Period.
Agreed. Remember back in 2013 most thought we would either be at settlement or much further along by 2014. When delays started to happen....retail investors dipped out.
The math actually isn't too difficult.
Claim 2 presents a clear and obvious path to infringement....everything in the language is a part of the Call of Duty games, the WoW games, Destiny, etc....it is inherent to being able to do anything multiplayer using the internet.
So whether the judges in the CAFC or Supreme Court (or anything other court ATVI wants to delay this to) think there is other prior art or that ATVI "built around" WDDD's patents or that the patents aren't valid. WHATEVER they want to do, it's out of our control. I know the CHANCES of WDDD winning in a patent case are about 33% historically. They're not great. Who doesn't know that already?
And I KNOW some of the biggest patent litigation successes in the past (e.g. Lucent v. Microsoft for $1.5B for MP3 technology, Apple v. Samsung for $1B for smartphone software, Smartflash v. Apple For $500M for media storage, Eolas v. Microsoft for $500M for internet technology). In fact, the biggest patent award of ALL TIME was awarded in 2016 for $2.5B for Idenix.
It's pretty simple math actually:
- a claim I particularly believe in
- AT LEAST 5 other independent claims in court
- a 33% success rate for patent cases
- the amount of money in ATVI's sales
- the significance of recent large patent trial awards
- the strength of Susman & Godfrey
- 95% chance of going through CAFC untouched
It's pretty simple....seems like for such a smart guy you'd be able to understand what a calculated risk is.
The troll gets another response....want to keep claiming the PTAB "cut off WDDD's patents and that's why the market for WDDD died?" Because you're still 100% wrong.
If you want to have an educated discussion about WDDD, you can feel free to try again and I'll have one. If you keep repeating the nonsense "look at the market, the claims are worthless, the market agrees with me, blah blah blah," you're not getting a response from me. You've wasted everyone here's time.
Not entirely sure, to be honest.
Seems counterintuitive to me to be a seller at this moment of time unless you have insider news, are a trader taking advantage of pennies, or a selling for tax purposes to match capital gains.
Alpha's horrible takes on this stock may have led some retail investors to be scared away and sell - I have no idea.
Luckily, you and I and Luckyus and all other longs can continue making small purchases as the price decreases.
Here's a great read from Warren Buffett:
The logic is simple: If you are going to be a net buyer of stocks in the future, either directly with your own money or indirectly (through your ownership of a company that is repurchasing shares), you are hurt when stocks rise. You benefit when stocks swoon. Emotions, however, too often complicate the matter: Most people, including those who will be net buyers in the future, take comfort in seeing stock prices advance. These shareholders resemble a commuter who rejoices after the price of gas increases, simply because his tank contains a day’s supply.
Charlie and I don’t expect to win many of you over to our way of thinking – we’ve observed enough human behavior to know the futility of that – but we do want you to be aware of our personal calculus. And here a confession is in order: In my early days I, too, rejoiced when the market rose. Then I read Chapter Eight of Ben Graham’s The Intelligent Investor, the chapter dealing with how investors should view fluctuations in stock prices. Immediately the scales fell from my eyes, and low prices became my friend. Picking up that book was one of the luckiest moments in my life.
Claim #2 of Patent #998:
Seriously, just read the language and text in claim 2 and tell me what you think?
A system for displaying interactions in a virtual world among a local user avatar of a local user and a plurality of remote user avatars of remote users, comprising:
a database storing information associated with one or more avatars, each user being associated with a three dimensional avatar;
a memory storing instructions; and
a first processor programmed using the instructions to:
- receive position information associated with less than all of the remote user avatars in one or more interaction rooms of the virtual world, wherein the processor does not receive position information associated with at least some of the remote user avatars in the virtual world, each avatar of the at least some of the remote user avatars failing to satisfy a condition,
- receive orientation information associated with less than all of the remote user avatars, wherein the processor does not receive orientation information associated with at least some of the remote user avatars in the virtual world,
- generate on a graphic display a rendering showing the position and orientation of at least one remote user avatar, and
- switch between a rendering on the graphic display that shows the virtual world to the local user from a third user perspective and a rendering that allows the local user to view the local user avatar in the virtual world.
You picked up the ask order of someone from probably TD Ameritrade, saw that .0284 pop up this morning and then another.0295 pop up.
Not sure how much is being posted below .0315, but seems like Cantor Fitzgerald has a solid amount they're unloading at .0315. I'm trying to load up every month.
Volume has been low, wouldn't be surprised to see that .0298 ask sit there for a while.
Hysterical.
**Price drops $.0023**
Alpha: "Where are all the buyers? I told you, the patents are trash!! LOL I TOLD YOU I'M ALWAYS RIGHT"
**Price raises $.0036 2 hours later**
Alpha: "LMAO some small buys and this goes up, YOU'RE ALL DELUSIONAL. LOL I TOLD YOU I'M ALWAYS RIGHT!"
Here's a quote from StockAlphaDave from 2016.
----------------------
Hmm, how are those hoping for the stock to drop in order to add going to have he stock drop?
Shorting is financially prohibitive
No sellers en masse at least , maybe some stragglers
Curlous situation ahead!
Share price is supply and demand, if supply isn't coming to market what happens if people decide to buy? There certainly is no reason to sell as we wait for the CAFC.
The investing world deals with known quantities and projections of where those known quantities will go i.e. we can look at a bond's coupon or a firm's cash flows and profits and make reasonable assumptions about what the future cash flows will be. This is what creates an "efficient" market. With things like penny stocks, there is no underlying cash flow (remember normal currencies have interest paid in that currency so rate parity can be a tool in currency valuation) and no real way to determine what its value "should" be.
WDDD's cash flow is unknown, and in the case of successful litigation, would be a lump-sum infusion, non-recurring save the ongoing royalties and future litigation.
This means that this market is entirely speculatory. The market isn't "speaking on WDDD's patents" and the only way to get a full understanding is to see the value immediately before a final decision, which is almost impossible.
Do you understand that?
Still claiming markets are perfectly efficient in a penny stock.
Still can't explain why the stock had values of $0.50, $0.15, and $0.02 at different times BEFORE the PTAB touched any patent claims.
...............ZzZzZzZz.................
This was interesting for a little but now just so boring.
How many shares does Cantor Fitzgerald even have? At every 10,000 block bought from the Ask, another replenishes it.
Not sure how many they have accumulated, but looks like we may see $0.0315 as the ceiling for some time with no catalyst.
"The market values WDDD's patents at 0" is such a gross simplification of the situation at hand it's insulting to the markets.
In January 2015, WDDD was sitting around $0.15-$0.20.
So if the market is so efficient and that tells you everything you need to know, the market evaluated WDDD's patents at essentially that entire amount in 2015.
Yet by November 2016, WDDD was suddenly at $0.02.
Nothing happened in those 22 months, yet if Alpha's theory holds true (that the market evaluates the patents and claims, nothing else), the market suddenly flip flopped and reduced their valuation of WDDD's patents from $0.15 to $0.02.
And then in December 2016 we had the PTAB results, which Alpha claims decimated WDDD's patents and led to the market valuing the "remaining claims at zero."
Yet the market pushed up WDDD's PPS to $0.06 - three times what it had been in the previous month.
See how this isn't adding up?
"The market values their claims at zero and that's all you need to know" is a gross over-simplification of the situation at hand.
We disagree and that's okay.
Alpha: "I hear your opinion, and you're wrong."
I agree, I'm thanking him for reminding me to add to my position.
Ok, we all invested in garbage, everyone write it off, thanks!
Garbage everywhere! It's worthless! I haven't even read the patents!
Definitely E trade or TradeKing
I believe TD has the highest charges in the business.
I believe in claim 2 of patent 998.
Do you believe in claim 2 of patent 998?
Yes or no?
Get a commission-free brokerage, or at least <$1 trades
There were multiple purchases above $0.03 on Friday,
So this post is completely invalidated.
Do you believe in the remaining claims? It's just one question.
Alpha, ONE question:
Do you believe in the remaining claims (assuming you've read them, which isn't certain)?
Claim 2 is the ALPHA,
ALL HAIL CLAIM 2.
If dilution was coming, it'd be priced in, if the market was speaking on it.
Anyone who follows anything financial understands that.
Dividends reduce price ex-dividend. Want to spend 10,000 words explaining that too?
Didn't read.
I believe in the patents and claims.
Do you? Easy question.
GL to you.
We're not going anywhere for 18 months, so I agree, let's join him and Cantor Fitz in picking up free shares.
Not ONCE has he brought up a specific claim. Beginning to think he hasn't even read them lol. Wouldn't surprise me one bit.
It's almost 3 pm EST, you'd have to assume he used up his posts already talking about dilution, the market agreeing with him, and sua sponte.
Still no acknowledgment that a penny stock can be easily manipulated, no?
Just look at the level 2 ask and who's been sitting #1 for weeks.
What are some obstacles to claim 2 of patent 998?
I can't think of anything, and clearly neither could Bungie. Their evidence against the rest was strong, I will admit. But now we march on with claim 2 which IMO holds the language necessary to assert infringement on a call of duty game (and others).
Just did the same, Owl.
Done with the Noise talk.
Claim analysis coming soon.
PPS will rise with every piece of news, as it has every time.
Why is that? I know very little about the cannabis management/consulting industry.
I'm still not 100% clear on the effect of MRMD on WDDD's operations besides related party transactions and potential licensing. (I know all about the relationships, history, etc just unclear of their relationship going forward besides owning equity).
Yep - fairly similar to the language in the 998 patent claims remaining.
The 2D/3D part made me laugh, just about how long the 2D vs 3D portion of the WDDD ruling was dedicated to that seemingly (in 2017) concept that was such a novel idea in the early 90s.
Quote: "lesser asset amount and/or a less profit"
Alpha: "IT RELATES TO ONLY REVENUE." Uhhh bud, you missed the entire other half of the quote.
MRMD can raise a HIGHER asset amount than dilution.
I work in accounting, have my entire life, public, private, etc. Conservatism relates to the ENTIRE PROFESSION of accounting, especially in financial statements.
Just as you are a "professional investor," you should probably understand how the market works surrounding penny stocks and that it's not quite the same as blue-chip stocks.