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either way this could be years away so until then dead money or trade it
The challenge now is patience as this can continue quite a few years
WRAPmail article on top of wall-street.com[tag]
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"Apparently the CEO only will do a reverse for uplisting purposes." Read the annual report and do not get surprised if it happens due also to demand from potential investors
Chances are split is coming and some are forewarned (actually we all were in annual report), combine that with need of cash and the combined dilution sinks the stock.
Why would they spend any money buying stock if they can just split it 10,000 for 1?
Smart money is to wait after the almost guaranteed drop following the upcoming reverse split. Let it settle before gamble - probably pick it up for half of where it is today.
jmho
Worlds Inc (OTCMKTS:WDDD) Crushed By Q1 Report
BY HOT-STOCKED ON MAY 18, 2016 IN NEWS
The last time we wrote about Worlds Inc (OTCMKTS:WDDD) and its stock was way back in the end of June last year when the ticker sat at a price of around 15 cents per share. The charts show that things only went downward from there and is threatening to drop below the 1 cent per share mark by now.As we wrote back then, we still consider to be nothing more than a patent troll. The company issued only a few press releases since the last time we covered it and they were all concerning the patent infringement lawsuit that it has filed against Activision Blizzard, Inc. (NASDAQ:ATVI).It has made any genuine effort in creating shareholder value and this is obvious when you take a look at the recently filed report for the first quarter of this year.
cash: $49 thousand
current assets: $49 thousand
current liabilities: $4.96 million
revenues: ZERO
net loss: $137 thousand
Those numbers look terrible even by OTC marketplace standards. The terrible financial state of the company, coupled with the lack of press releases are just some of the reasons for which rarely records daily dollar volumes of more than $10 thousand. This latest report showed us that even the few people who are trading are far from impressed. It was filed yesterday and the ticker suffered a loss of 19.11%, dropping to a new 52–week low of $0.01003, while the 8.16 million traded shares managed to generate only $85 thousand in daily dollar volume at those prices.It is highly likely that this is as much investor attention as can warrant at the time being, so be sure to do your due diligence and weigh out the risks before putting any money on the line.
Read more at http://articles.thehotpennystocks.com/worlds-inc-otcmktswddd-crushed-by-q1-report/#hAvOp9Sr8qvZCvB1.99
from latest filing on the split:
The proposed Reverse Stock Split is to provide us with sufficient flexibility to take advantage of corporate opportunities and/or financings should the opportunities arise or to raise the market price of our common stock to qualify to have our common stock quoted on NASDAQ or listed on an exchange.
TO APPROVE AND AUTHORIZE A REVERSE SPLIT OF OUR COMMON STOCK
IN A RATIO RANGING FROM 2:1 TO 20:1 AT THE DISCRETION OF THE BOARD
(Proposal No. 3)
Purpose and Effect of the Reverse Stock Split
The proposed Reverse Stock Split is to provide us with sufficient flexibility to take advantage of corporate opportunities and/or financings should the opportunities arise or to raise the market price of our common stock to qualify to have our common stock quoted on NASDAQ or listed on an exchange. Without the Reverse Stock Split, we would not have sufficient number of authorized Common Shares to engage in these types of transactions and if we were to merely increase the number of our authorized Common Shares (as per Proposal no. 2), management is concerned that the number of our issued and outstanding Common Shares following any such transaction might be excessive, given our current financial condition.
Under economic theory, and as experience shows, the market price of our common stock should rise in an inverse amount to the ratio of the reverse split. However, the market price of our Common Stock is also based on factors that may be unrelated to the number of shares outstanding. These factors include our performance, general economic and market conditions and other factors, many of which are beyond our control. Accordingly, following the initial expected rise following the implementation of the reverse split, the market price of our stock may fall resulting in a loss of net value to your portfolio.
The Reverse Stock Split will affect all of our shareholders uniformly. We will not issue fractional shares, but rather will round up any fractional shares to the next highest full share as a consequence of the Reverse Stock Split.
After the effective date of the Reverse Stock Split (as will be determined in the discretion of our Board of Directors, but no later than the record date of our next annual meeting of stockholders), each stockholder will own a reduced number of shares of our Common Stock, but will hold the same percentage of the outstanding shares as such stockholder held prior to the effective date. The number of shares of our Common Stock that may be issued upon the exercise of outstanding rights to receive shares of our Common Stock or conversion of an outstanding convertible note and the per share conversion prices thereof, will be adjusted appropriately to give effect to the Reverse Stock Split as of the effective date.
The liquidity of our Common Stock may be adversely affected by the reduced number of freely trading shares outstanding after the Reverse Stock Split. In addition, the split will increase the number of shareholders who own odd-lots. An odd-lot is fewer than 100 shares. Such shareholders may experience an increase in the cost of selling their shares and may have greater difficulty in making sales.
The Reverse Stock Split will not affect the par value of our Common Stock. As a result, on the effective date of any such implementation, the stated capital on our balance sheet attributable to our Common Stock will be reduced in proportion with the exchange ratio for the Reverse Stock Split (as will be determined in the discretion of our Board of Directors, but no later than the record date of our next annual meeting of shareholders) and our additional paid-in capital account will be credited with the amount by which the stated capital is reduced. These accounting entries will have no impact on total shareholders' equity. All share and per share information will be retroactively adjusted following the effective date to reflect the Reverse Stock Split for all periods presented in future filings.
the lowest share fraction tradable by a retail investor is .0001, the lowest a stock can go is just the same, .0001 dollars. So, a trip-zero stock can be anywhere from .0001 to .0009. After that the stock no longer has three zeros, and simply becomes a "sub-penny" or "subber".
The SEC noticed and adopted Rule 612 to address the problem. It specifies that the minimum pricing increment for stocks over $1.00 must be $0.01; stocks under $1.00 have a minimum pricing increment of $0.0001. The rule, however, only banned sub-penny quoting - and not sub-penny trading - and as such the problem of sub-pennying still exists.
so I guess there's a window to trade, just not quote, a subber.
At the end of the day going subber will force either the close of the company, sale to reverse or a huge reverse split imo
you can't go below 0.0001
170M shares is at 0.0001 $17k but assuming 8 billion shares issued that's still only 2%
I'd expect a 1000 for 1 split, maybe even 10,000 for 1
Very unfortunate for those that believed Dror and turned a blind eye to those that didn't and his prior endeavors
I guess those that hold can hope for the dead cat bounce but in the case of this stock I'm afraid holding is trowing money away
just my 2c
Agreed, strong but. RBC has $1000 target. Look for bullish analyst reports tomorrow
http://edvadaily.com/wddd-no-longer-obscure-ready-for-center-stage/
we all know what Hudson did
if history here and in other companies is any guide they don't care, they sell and move on - money over time (as in money quick) is worth more than risk/reward over time to these folks.
hu?
Florida Profit Corporation
VAPOR GROUP, INC.
Filing Information
Document Number
P13000073660
FEI/EIN Number
NONE
Date Filed
09/04/2013
State
FL
Status
ACTIVE
Last Event
AMENDMENT
Event Date Filed
05/08/2015
Event Effective Date
NONE
Principal Address
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Changed: 02/10/2014
Mailing Address
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Changed: 02/10/2014
Registered Agent Name & Address
SVORAI, DROR
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Name Changed: 02/10/2014
Address Changed: 02/10/2014
Officer/Director Detail
Name & Address
Title PTD
SVORAI, DROR
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Title VSD
NAHON, YANIV
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Title CFO
SCHCOLNIK, JORGE
3901 SW 47TH AVENUE - STE. 415
DAVIE, FL 33314
Annual Reports
Report Year Filed Date
2014 04/25/2014
2015 04/29/2015
I think you can take a RAND rate of 2-3% off their revenues and get to a much higher number even if Casper limited the the time to only a few years. The number should probably be $100M/year. The problem is that ATVI has all kinds of resources to drag this out many many years and thus money today is better than maybe money in 5 years or more. I think a deal will be made that's around 10-25% of the reasonable number seen with World's eyes.
ATVI average revenues for the years in question is probably $2-3b on the products in question - 3% RAND on $3b would be $90M/year.
that's my quick back of the envelope.
I hold a patent and am furious at the system - seen plenty of cases where the big guys just steal inventions and say "so sue me" - these companies has plenty of attorney's on their payroll and know all the games. Most cases it is cheaper to litigate than take a license and the attitude is always to bleed the small companies to death.
I did some back of the envelope math and think a realistic number from ATVI is about $100M which probably will equate to $0.50/share assuming 200M shares issued and outstanding.
What we need to see is their annual filing to understand what is coming in terms of new notes and dilution (could be future dilution but I'm sure notes will have a convertible clause at about 50% discount to market).
First hurdle is the PTAB which could go either way, should go World's way if following logic but the system is so corrupt you never know.
Next hurdle would be Casper assuming a positive outcome at PTAB. If PTAB is negative World's will surely appeal but with that will lead to further dilution in return for capital if they can find it.
I think, as stated before, it's dead money until 2017. No meaningful news or only negative news in form of increase AS, reverse etc will only have the stock drift lower. Get to a market cap of $1M and the potential is a 10 bagger - still a lot of risk as the only source of income is award(s) from law suits or licensing revenue and these things take time. Nobody will take a license with the suit pending. Positive news can turn it up but I believe there will be time to jump in at that stage and catch 90% of the ride up. On the sidelines for now after jumping off at 9-10 cents but at a penny it might be worth the gamble for 10M shares....
All JMHO - all should do their own DD and realize this one is a huge gamble. I lived through RMBS and never saw the adverse verdict coming from a jury that many claimed was tampered with. That suit was for billions and that kind of money makes people do funny things.
WORLDS INC. (the "Company") is unable to timely file its annual report on Form 10-K because it has devoted its limited resources to a vital financing in the form of several promissory notes and thus was unable to deploy such resources to properly prepare a complete and accurate Form 10-K. For the foregoing reason, the Company requires additional time in order to prepare and file its annual report on Form 10-K for the period ended December 31, 2015.
The Company does not expect significant changes in its results from operations from the corresponding period ended December 31, 2014.
Here's your last week. Why you see support at 3 cents not broken is beyond me, 2 cents is surely broken and we've had days with about twice the average volume. The real story is investors see this as having a. moved out in time due to review, b. chances becoming slimmer for a victory and c. dilution coming and/or reverse split to further fund the company - this leads to lower prices and I believe we easily can see 0.00x here
Date Open High Low Close / Last Volume
03/24/2016 0.0165 0.0201 0.016 0.0175 1,028,353
03/23/2016 0.0195 0.0195 0.0165 0.017 661,800
03/22/2016 0.02 0.0214 0.0194 0.0194 702,011
03/21/2016 0.0205 0.0215 0.02 0.02 672,313
03/18/2016 0.0161 0.022 0.0161 0.019 617,469
03/17/2016 0.023 0.023 0.0193 0.0216 683,922
03/16/2016 0.0277 0.0277 0.022 0.0223 1,152,060
03/15/2016 0.0203 0.0274 0.0201 0.0269 854,060
03/14/2016 0.0228 0.0244 0.019 0.0227 1,239,690
03/11/2016 0.023 0.0235 0.02 0.0213 933,700
Read more: http://www.nasdaq.com/symbol/wddd/historical#ixzz44DuELm3e
Today so far:
Price
$0.0176
Day's Change
0.0001 (0.57%)
Bid
0.0165
Ask
0.0176
B/A Size
78000x152000
Day's High
0.0176
Day's Low
0.016
Volume(Above Average)
575,120
I wish everyone good luck as I think patent owners are NOT treated fairly and justice delayed is justice denied for these small companies.
it will fit (not 3 cents) 2 cents when you round up, sure. so if a stock is $150 would you then round it up to $200? I would not. 1.7 cents is not 2 cents
here's some help - how you still see support at 3 cents is beyond me but good luck to ya
http://www.investopedia.com/terms/s/support.asp
WORLDS INC.
11 ROYAL ROAD
BROOKLINE, MA 02445
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON JUNE 15, 2016
The Annual Meeting of Stockholders of Worlds Inc. (the “Company”) will be held at Feder Kaszovitz LLP, 845 Third Avenue, 11 th Floor, New York, NY 10022, on June 15, 2016 at 12:00 p.m. local time, to consider and act upon the following matters:
1. To elect 3 directors to serve for the ensuing year.
2. To approve and authorize amending our Certificate of Incorporation to increase our authorized capital to 250,000,000 shares of common stock, par value of $0.001 per share.
3. To approve and authorize our Board of Directors to implement a reverse split of our outstanding Common Stock, at its discretion, in a ratio ranging from 1:2 to 1:20.
4. To ratify the selection by the Board of Directors of the firm of L&L CPAS, PA, as the Company’s independent auditors for the current fiscal year.
5. To conduct an advisory vote on executive compensation
6. To conduct an advisory vote on the frequency of future advisory votes on executive compensation.
7. To transact such other business as may properly come before the meeting or any adjournment thereof.
Why don't you ask a market maker?
Nah, mm trading both sides of the tape and settling right after close is my guess
Supplying at 2 cents broken
CHECK YOUR MATH, AT 0.009 YOU'D HAVE TO COME UP WITH $1M
sorry, meant to say double 00's
In the meantime in will drift down, probably to triple zeros, and can be picked up, gambled with, a lot cheaper than today.
The stock has been under 3 cents since mid February. Pump all you want but please bother to look at the chart and tens.
3 cent support, really?
Bottom line is that it is over 10 times more shares outstanding since their last update on otcmarkets.com. that update is close to two years old. Thread lightly as the risk is extreme
Outstanding shares is between 4-8 billion!
The UL cert is for the charger only, I reported this months ago.
The charger is not the problem, it's the batteries which very often are fake.
yeah, it does. can't find that number anywhere on the vaporgroup.com website but see it on totalvapor.com
phones still not working, website not updated, nobody on whizboard phone or chat - not the profile of a professional public company/Business
website:
Connect With Us
Vapor Group, Inc
3901 SW 47TH AVE SUITE 415
DAVIE, FL 33314
Phone: 954-792-8450 - this number gives the message "your call cannot be completed"
Whizboard contact number top of website: 1-855-308-2767
results in answering machine that has a generic message basically saying nobody can take the call and leave a message
Whizboard chat: after posting a question and waiting 10 minutes this message comes up:
I'm sorry, we're not available right now. Please email us your questions to info@whizboard.com