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It doesn't hurt to ask for an en banc hearing.
Maybe, maybe not. Don't give up yet. Worlds still can ask for an en banc hearing. Ukrainians are still fighting, so don't give up...
Russia says its businesses can steal patents from anyone in 'unfriendly' countries. Well, World's patents are now available for free to anyone in the world.
https://www.washingtonpost.com/business/2022/03/09/russia-allows-patent-theft/?utm_source=facebook&utm_medium=news_tab&fb_news_token=GdzVJAMR8Bld3R4I77a%2BJw%3D%3D.CpEFZmyZCsn4GzlE83rHJY6QZOwNgtgatGZEec7IymK2JEr6TNM0GzEqKKJGiUMyYJefALE51oxPeK%2B6WZintzarGo9fJzYu%2B90btlz%2BQqk7XD8bk27xLWKHrzO2oWW%2BNYGy4IqPi7W2mdbQr1N3oBBtey1PgMSYnWeScuoRiwIjJ29XXFvT%2FjkSijXapKiIWoCRgrbwSgKmkhu8AkHvH8pyUQpy3qRuhPcQBAC1jbBsSgpbK7ewayy1rCuKf8TdjXFso41lTUplgos3dRUFg3DBTpKvoZY0TQJSloevuY9A0hEKhJYbNHEpiPE33ul0
How will today news affect Tom Kidrin's salary compensation, life insurance, automobile allowance and other ordinary benefits for a CEO?
On the bright side, WDDD share price is not as bad as the Russian stocks trading on London stock exchanges.
Judge Moore was very vocal that the concept of server-side, client-side is NOT novel at all. So even claim 4 is taken in the context of claim 1, she would still reject Worlds patent based on 101.
Judge Chen on the hand, had stated that claim 4 is too broad. My guess is Chen can be persuaded on the evidentiary/procedure ground if claim 4 is interpreted within the context of claim 1.
I envision two possible outcomes (a coin toss):
a) 2-1 in favor of Worlds (Hughes & Chen) -- 50% chance.
b) 2-1 in favor of Activision (Moore & Chen) -- 50% chance.
The hearing started out pretty bad for Worlds based on Judge Chen’s and Judge Moore’s line of questionings and arguments, but later on Judge Hughes intervened and threw Worlds a lifeline. It appears to me that Worlds badly needs Judge Hughes’ persuasion skill to convince either Chen or Moore to come over his side to send the patent case back to Judge Casper’s Court on the procedure/evidentiary ground for further evaluation of 101 issue, particularly the claim construction number 4.
Claim 4 ALONE is too broad per Judge Chen, and is not novel at all per Judge Moore. Worlds’ position is that claim 4 should be interpreted within the context of claim 1 in order to see the inventiveness of Worlds’ patent. Judge Hughes recognized the potential novelty of World’s patent and proffered a what-if scenario how claim 4 could be rewritten to focus on the client-side, server-side, user participation, etc. and other improvement, inventiveness, novelty of Worlds’ patent.
If my memory is correct from the live stream, Worlds brought up an issue that it was not allowed to present evidence of some kind to clear up the matters brought up by Judge Chen and Moore (the appeal recorded hearing has not posted online yet so I cannot verify my memory here). I thought I also heard that Judge Moore commented the burden of proof is on Activation for something??? (again, I have to go back and listen to the recorded hearing to clarify this). If the CAFC sides with Worlds on this issue of procedure/evidence, then my hope is that the CAFC would send this case back to Judge Casper base on procedure/evidentiary ground for further examination of 101 issue.
Sony to buy Bungie in $3.6B deal.
I recalled that my criticism of Tom's benefits & compensations received heavy dose of criticism from many folks on this board. And now I've seen several posts also critical of Tom's WDDD benefits & compensations. What turn of events that make people dislike Tom now?
These filings in Nov 2021 from both sides let the Court aware of their potential schedule conflicts with specific dates from Feb to May 2022. The filings were made in Nov 2021, so my guess is the Court will schedule a hearing within 60-90 days from the Nov 2021 filing date.
But since the time is now in Jan 2022, so my guess is the upcoming hearing will be around Feb/Mar at the earliest, or May at the latest.
With WDDD at 15 pennies, market guesstimates the value of Worlds-Linden settlement is less than a dime, and the value of Worlds IP is 2 pennies or less.
Is NDA a part of this settlement?
I haven't been able to confirm the NDA, but I can speculate that the NDA (if there is one) is more likely demand by Worlds as a strategy to keep ATVI and MSFT in the dark due to potential, on-going, or future negotiations with ATVI & MSFT.
This is typical of Wall Street "buy the rumor, sell the news" day.
People is pretty much confidence that Worlds-Linden settlement is a DONE DEAL, and see a value at this current trading range of $0.12 to $0.18, which effectively destroyed their dream of buying WDDD at $0.025-$0.05 range, which is a range "propheted" by a GMMQOAT.
I too believe Worlds-Linden settlement is a done deal, but what I don't know is the valuation of this settlement. We will find out soon in couple weeks if Worlds-Linden settlement is really a done deal (with reasonable valuation), but if it is not, then WDDD could collapse to 0.025-0.05 and become another GOAT or GMMQOAT buying opportunity.
Whatever your price point is, keep in mind that the valuation of Worlds holding on MRMD can vary from 0.03-0.05 depending on market condition.
This option does not exist because Worlds had decided to stay the case pending the outcome of the appeal on Casper ruling on 101.
My totally pure speculation is the value of Worlds-Linden settlement is $0.05 - $0.10 per share. This would give Worlds a valuation of $0.10 - $0.15 (included MRMD and other cash on hand) per share assuming Worlds IP has zero value.
Taking risk & probability into consideration, what is the value of Worlds IP considering Casper's recent ruling on 101?
To simplify thing, let's focus only on ATVI and assume the potential revenue from ATIV is $500,000,000 one can do the math here for value of IP alone:
a) assume a 10% chance of success
b) assume a 20% chance of success
.
.
.
?) assume a 60% chance of success
.
.
z) assume a zz% chance of success and potential $xyz revenue from ATVI
IMO, Linden wants out badly, but the ironclad contract does not allow it to back out. Linden's only hope is for the Court to rule the contract is invalid due to some loop hole in the contact, Worlds' fraudulent act or misrepresentation.
Parties agreed a settlement before or after Casper ruling on 101 is irrelevant. The court does not care whether Worlds and/or Linden made a bad decision or got a bad deal by agreeing to the deal in principal either before or after certain event. Also, Worlds and Linden Lab don't have control over Casper's schedule on 101 or any other matters on her schedule. How can they "prophet" or predict which way Casper will rule on 101?
The court duty is to make sure there are NO fraudulent acts or misrepresentations. As far as I know, there is no complaint from both sides and according to PACER record both sides want few weeks extension to dot the i's and cross the t's.
Absent of fraudulent acts or misrepresentations from either party, I think the Worlds-Linden settlement is a done deal.
I agree that the upside potential is much bigger on percentage wise due to lower cost average. But a bigger upside potential also carries a much bigger risk now, due to the presence of a huge bump or a big pothole on Massachusetts Highway 101 also known as Denise Casper Freeway.
Will the CAFC repair the bump or patch the pothole on Highway 101 recently created by Casper?
Typical consumer contract gives consumer 30-day or some pre-defined grace period to back out and can be varied from jurisdiction to jurisdiction.
The Linden-Worlds settlement is not a typical consumer contract.
For those who are familiar with take-over deals in Wall Street, playing arbitrage or speculating on Wall Street take-over deals should notice that the contract in take-over deals normally contain the iron clad clause of “... pending regulatory approval” due to concern of anti-trust issue or other matter of local, state and federal laws.
Since I’m not the GMMQOAT or the hindsight 20/20 visionary, I can only speculate here that Linden-Worlds settlement contract is similar to that of the typical to Wall Street take-over deal contract, and have the similar clause “...a done deal pending the Court approval” and the contract is so ironclad that Casper’s surprised ruling on 101 does not give Linden an excuse to back out. IMO, Linden Lab is praying that the Court will NOT approve this Linden-Worlds settlement contract.
Your splitting Aces analogy reminds me of a thought that IMO Worlds had made a strategic mistake in putting MSFT case on hold while waiting for the CAFC appeal on Casper's 101 ruling. Hope I will have time to talk more about this later.
Strength of an IP can be a factor, or an important factor in any settlement discussion & agreement. But the mere fact of an agreenent does not necessary validate an IP because of other financial, economic and strategic factors. Was the "it is cheaper to settle than to litigate" the main driver in this Worlds & Linden settlement?
The Worlds-Linden settlement for SURE will give a big psychological boost of patent validation to IP owner and shareholders, but the real validation or the validation that matters is the validation hands down by the court and the jury.
People can embrace this Worlds-Linden settlement as a validation of IP for planning & evaluation of risk, investing purposes. But the ultimate validation that will decide the LIVELYHOOD of Worlds is the validation that comes from the court and the jury.
It is a validation, but a validation only from Linden Lab viewpoint. The only validation that counts is the validation from the court and the jury.
Let's use poker game as an anology. From MSFT and ATVI viewpoint, they have upper hand now because of Casper ruling, which effectively giving them an Ace card in the hole. IMO, Casper ruling is weak/flawed, which would create a situation where Worlds' hole card is a 9 or 10 (if Casper ruling was convincing then Worlds hole card is a 2 or 3).
The game is not over for Worlds, and Worlds can still win with a 9 or 10 hole card...
MSFT is bigger, has more resources than Linden Lab, and can afford to "roll the dice".
MSFT and ATVI are in a very strong position now, actually they are both in a WINNING position unless and until the CAFC says otherwise on 101 issue. Therefor, MSFT and ATVI will only come to the negotiating table if/when the CAFC overturn Casper's adverse ruling to Worlds on 101 issue.
Before Casper handed down the disastrous and IMO a flawed decision citing misguided case laws, Worlds settlement (agreed to in principle at the moment) with Linden can create a perception that Worlds IP is strong. But since Casper did not rule in favor of Worlds, this had put Worlds in a very weak position regardless of the outcome of the soon to be announced Linden settlement/unsettlement.
IMO, Worlds is in a weak position now, and at the moment only the CAFC can refuse to recusitate Worlds (effectively destroy Worlds) or recusitate Worlds and make Worlds stronger.
Your observation is correct. I also noticed $0.025 low happened at the very early on.
People who "suggest" others to buy/sell at this and that price normally don't have good understanding of supply & demand in REAL MONEY trading transactions. Perhaps somebody got lucky, but I doubt that anyone here was able to scoop up over 200,000 shares at 0.025 using REAL MONEY (Monopoly money doesn't count).
It is very easy to come here and say $0.025 AFTER the chart showed $0.025 low. TALK IS CHEAP.
The bigger question is how many people were fortunate enough to scoop up HUGE number of shares at $0.025?
One many get 100, 500, 1000, 5000 or any SMALL number of shares at the $0.025 bottom. Or get even more lucky to acumulate huge quantity at $0.025.
The point is, it is very easy to say this and that, but accomplishing actual trades with REAL MONEY is a totally different story. Well, TALK IS CHEAP!
I just noticed a big vol. & big jump in share price. I believe you are playing with REAL MONEY. Good for you. It is hard to get emotional when Monopoly money is involved.
Any news? Big volume & big jump.
I think that's the risk people are willing to take considering the potential high reward.
Oh no, that’s bad. Don’t be surprised that somedays, perhaps on many Monday mornings, WDDD’s infamous twin prophets will criticize you with the “I told you so...” over and over again.
Many people have said the appeal could take 1 to 2 years. One prophet had predicted the appeal could take as long as 5 to 6 years, and his/her twin predicted WDDD could drop to $0.025 (at least a prediction at the moment). There is plenty of time, perhaps as many as 5-6 years and I can wait that long for WDDD to drop to $0.005 to $0.01 so that I can get 10-20 times as many of shares.
Regardless what the prophets had predicted or will say/criticize later, I want to say good luck to you.
Anyone can do with his or her money. I’m just making a general comment, some may find it helpful and some may not.
If a person with large wealth and can take on the risk, that’s good for him/her. Sure, there are people envy such wealth and wish could be in such position to take on such huge risk; and there are people, due to jealousy or whatever reason wishing bad things happen and even have the audacity telling others how to invest. Don’t be surprise if you see drivels like this soon: WDDD is now at $0.08, why doesn’t anyone wait until WDDD is at $0.005 or $0.01 to get 10 folds or 20 folds number of shares. Some even had recently announced a plan to to buy WDDD at 0.025, and sell WDDD later for a DOWN PAYMENT (plus trade in value of his/her junk Cadillac) on new Cadillac . For the benefit of everyone here, I sincerely hope his/her dream will come true, and if not then we all will be doomed.
We should not be jealous at other people’s success. Just live within our means. Owning a junk Cadillac is not a bad thing, it is the character that matters.
Important note: Please do not signal your intent of buying or selling using REAL MONEY real time (or perhaps after the fact).
Buying/selling public announcement here can manipulated, or expressed as misinformation with intent to deceive or to gain tactical advantage.
This type "death" drop in OTC penny stocks is not normal but it happened more often than you could imagine.
I would pay close attention to warrant holders' dumping. In all seriousness, without a crystal ball, a Monday morning quarterback help, a hindsight 20/20, nobody can guess the warrant holders or anyone intention of buying or selling.
It is possible people who obtained shares by way of warrants can drive this further lower. So careful & be patient if you want to take on more risk or to try your luck on market timing and bottom fishing with REAL MONEY (for Monopoly money, you can buy and sell at any time through the lens Monday morning quarterback and hindsight 20/20).
(My thinking is shares obtained via warrants are “free” shares after all the principle and interested were paid out, so people with this type of share can “dump” without hesitation).
As few people have expressed speculating on Worlds WDDD is like buying a lotto ticket or would be considered as a long term option contract – all carry extremely high risk. Sell your junk Cadillac if you have to, but don’t spend children’s college fund on this risky venture.
Please don't risk what you can't afford to lose.
It is time for another reminder of Monday Morning Quarterback and Hindsight 20/20 messages.
In think people did their best in speculating, analyzing or second guessing the Court decision on 101, and unfortunately, people were all wrong in their assessment (at least at this stage of the trial). Numerous and repeated nonsense talks in the tune of “I told you so...,”, “I did express concern such and such...”, “it is a corrupted system...”, etc. are really veil attempts through the lens of Monday Morning Quarterback and Hindsight 20/20 as a mean to blame others, to sooth the wounds, to pour salt onto other people wounds, and to minimize or cover misdeeds in bad outcome.
Grow up, people! Take responsibility for your own action. (IMO, Judge Casper decision on 101 is wrong and people frustration is understandable , but we should consider the inherent risk in this kind of IP investing/speculation).
In this storm, there can be opportunities if you have high risk tolerance, and have the financial resource to take on more risk and to withstand all the downs and ups. And for those with continuous drivels through the lens of Monday Quarterback and Hindsight 20/20, consider this unfortunate 101 event as a real “market timing” opportunity to “bottom fishing” using real money instead of Monopoly money. But if your don’t have money, considering selling your junk Cadillac! Just don’t steal please, because you can always play with Monopoly money for fun.
I understand people’s frustration. However, I want to say this one more time, it is time to grow up, and please take responsibility for your own action.
As the old saying goes, “it’s not over until the fat lady sings!” I wish everyone the best of luck!
I don't know how people will do with their shares on Monday and how the chart will gyrate.
My guess is those got WDDD shares with warrants will sell and head for the exit quick and will cause share to nose dive, and those who shorted (perhaps naked short and use warrants as hedging instrument) WDDD will buy to cover the short position could decelerate the nose dive to certain extent. I have no idea how this will play out.
For every seller, there is a buyer. So good luck everybody.
Various scenario for all to think about.
1. Worlds appeals to CAFC. CAFC made final ruling and side with Casper or declined to hear Worlds appeal BEFORE the start of Microsoft and Linden trials. It is game over for Worlds.
1a. As in 1, but the decision in in favor of Worlds. World's is alive ...
2. Worlds appeals to CAFC. While awaiting on CAFC decision, judge in Microsoft and/or Linden Labs trial rules 101 in favor of Worlds. On same 101 issue, but with difference or inconsistent decision then the CAFC Will automatically hear Worlds appeal. Worlds is still alive for next level of play.
3. Worlds appeals to CAFC. Both judges in Microsoft and Linden agree with Casper ...
4. Worlds appeals to CAFC. Either judges ...
Considering the on going pre-trials or trials all depending on 101, how do the CAFC set priority on Worlds appeal? Should the CAFC wait on the 101 rulings in Microsoft and Linden before deciding Worlds' fate?