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I get that. However, last quarter some analysts predicted $1100. Doesnt mean it cant happen but we are a long way off from that. Right after the predictions, the price retreated to $410, regrouped and then made a new high of $505, last week. I still think there is good potential here.
Yes, its difficult to trust anything these analusts say. Last quarter they were saying NVDA was going to $1100. Clearly, that didnt happen.
Thank you for the informative reply. I agree its not all rainbows. Have to take tour profits when you can. Higher than normal volume here and the PPS is retreating. Could be an institution slowly exiting a position. But like you said, we are probably approaching a support level. Nice to see reasonable and level headed assessments. Good luck!
Yes, I agree that there are multiple wars going on and the economy is fragile. However, the economy almost always does well in an election year, due to manipulation of the markets.
The current administration will say inflation is under control, Powell will lower interest rates, all in an effort to stimulate the economy, prior to the election.
They are willingly to trade short term gains for long term financial stability. After the election, the economy will go off a cliff.
But next year, barring WWIII, the economy should do ok. But if China invades Taiwan, or North Korea storms into South Korea, either or both of which would likely happen while we are distracted with Ukraine and the Middle east, it could be a game changer.
Have you had a bearish sentiment while NVDA rose from $200-$500? What are your thoughts about that run?
Exactly. 200%+ gains so far this year. That type of momentum doesn't just stop because it's a new year. Absent some earth shattering event, the momentum will continue.
The term was "bag holders". Anyone who has held this stock for any length of time, has profited. For those trying to time the market, trade it etc., they may have lost some $$. Traders and flippers often times lose $$. That is nothing new.
Regarding the recent sale by an insider, those sales are generally planned months in advance. It does not necessarily signal it's time to get out. There are many large institutional investors here, and several which have bought in recently.
The gains may get smaller, but if you look at the price per share 3 months from now it will likely be at a new high.
This is one of your best bets? I would hate to see how your other stocks are going. This stock has been floundering around like a cork in the ocean for about 13 years. It went from .30 (which is where many people jumped on board here) to .005, which is a 6000% decrease in the PPS!
Am I missing something here? Did you somehow get in at some really low price, far below .005?
When someone says it is one of their best bets, I would assume they have made significant profits here.
Recently, you mentioned that great deals can be had or born out of an economic disaster - or something to that effect. That is very true. However, the great deal to be had would be enjoyed by the company merging with WDDD and taking advantage of the dire circumstances that WDDD is in.
That won't be a great deal for WDDD, it will be the only deal or bankruptcy.
Like many things in life, I guess it is a matter of perspective. Maybe someone could explain it to me?
"Bag holders sucked in once again"? So 200% + gain this year is considered a bag holder? A lot of folks would consider themselves fortunate holding those "bags" (of gold).
Stocks go up and down and people take profits. That is normal and healthy.
Down 12% today! Where are the believers? L4BC should be pumping this as a big buying opportunity.
Next year will present a window of opportunity for WDDD. Interest rates will likely come down as those in power seek to juice the economy, prior to the election.
Although, inflation is not really under control, they will trade short term gains at the expense of long term economic stability. But that's what happens in an election year.
The economy can only be manipulated and propped up for so long. After the election, especially if those in power now do not win, they will tank the economy.
So there will be a window of opportunity, next year, in an economic climate with lower interest rates and expansion. Hopefully, some corporation bites on a merger or acquisition of WDDD.
And it sold off, failing to maintain the 30% gains from the opening. I guess someone needed a Starbucks coffee.
PPS went up 32% on 1K shares purchased at .005. So that cost about $5! Only one investor here with that kind of cash - L4BC.
Price dropped 30% the other day. Where are the true believers? Time to double down.
L4BC might buy 100 shares this week. Time to follow the leader (right off the cliff). But then again he's too busy pumping various crypto plays.
If there was something to say one would hope he would do a press release. The fact that he says nothing, is not encouraging as to where this is headed, despite some of the hope and hype displayed on the board.
But if the case was successful in court you would be calling him a genius.
So if you believe he has no integrity, why did you invest here? Did you not conduct due diligence before you invested?
Thom has quite a public track record. A lot of it has been mentioned here, but you seem to ignore facts that you would prefer not to hear, or don't align with your hope and hype.
The only one with that kind of cash is L4BC.
That may have been Thom's last PR or update. Looks like none of it came to fruition.
It seems like there is still some hope here on the board. Not much to be hopeful about, in my opinion, but it's good to see.
WDDD may have one last shot at a Hail Mary. If by some miracle this hit anywhere near .50, as some have suggested, I would take it, count my blessings and be gone.
If a merger doesn't work out, then I think it's lights out.
That may have been Thom's last PR or update. Looks like none of it came to fruition.
Its nice to see different perspectives. Hopefully, you are correct and everyone here can be profitable after so many years.
That is very true. However, the opportunity will be tilted in favor of the company initiating the merger, as WDDD has its back to the wall and is on the verge of bankruptcy.
Not sure how much WDDD is "reserving itself," as WDDDhas noncards to play here and is out of options.
Each day is one step closer to bankruptcy. So the company seeking the merger will have all the leverage and it will be a great opportunity for them to benefit from the "crisis" that WDDD is in.
That is very true. However, the opportunity will be tilted in favor of the company initiating the merger, as WDDD has its back to the wall and is on the verge of bankruptcy. So the company seeking the merger will have all the leverage.
Nice information. Not saying .50 is impossible, but it definitely would be a real stretch. Just very unlikely in my opinion as that would be 100X the current share price.
I do believe Thom will try to spin this into some sort of small win for his friends and investors. However, options will be limited, as the economy is in a precarious position and things could change rapidly at any moment, with the current state of world affairs.
None of that environment lends itself to expanding a business or mergers. It may create a good business opportunity for a company seeking a merger (at a steep discount) and not necessarily a great deal for WDDD, which has its back to the wall and is out of options.
So in my opinion, it will be a low-ball offer and take it or leave it scenario.
Guess we will have to wait and see what happens here.
You state that you blocked me a long time ago. Yet a few posts back you said that anyone pretending to know where the PPS would go during a merger is out to lunch. Seems like a reference to me, as I was commenting about a post or two which referenced the PPS hitting .50 after a merger.
In your post, you state that I show up here to discourage people. Actually, we discuss where this is headed and I question the logic behind the thoughts of it going to .50, which is 100x where we are now. That is not discouraging, it is a level headed and reasonable concern regarding the hope and hype that is usually prevalent here.
We don't often agree, but today you posted something truthful. "Be wary of those who care how you spend your money". Then in the next paragraph you mention five crypto stocks, "if you might be interested", "figure out if it's something for you", "here are 5 to get you started that I like". So clearly, you are steering people, in a subtle way, to buy into these stocks. So as you stated, "be wary of those who care how you spend your money".
It is also against the terms and conditions to post on a message board to post suggestions about buying other stocks. But that doesn't seem to stop you. But I don't call for you to be banned. I simply ignore advice that I don't find useful.
Just to set the record straight, unlike you, I have not suggested that folks buy or sell any stocks. I am here to debate the merits of what is transpiring. When it is floated out there that the stock could hit .50 upon a merger, I explain my position and why I don't think that is realistic. Your post, is directed more at the messenger (me), than being critical or debating the actual content of my post.
This stock had its run a few years ago. It's now on life support coasting toward bankruptcy. The company has no leverage and it would be a fire sale. So if Thom gets lucky and markets the sale to some interested company, it would save WDDD from bankruptcy, but it likely won't result in a big win here.
A merger will move the PPS a little, but it will not be 100x like being discussed on the board. It's that type of wishful (unrealistic) thinking that got most of the investors (uninformed gamblers) here in trouble.
Good luck to you!
That is true. However, with a price per share of .0055 and folks throwing around numbers of .50 per share - do you think that is a reasonable expectation? That would equate to a 100x increase in PPS.
If that was even a remote possibility, why pursue the court case? Simply advocate for a merger and everyone would be rich.
A merger would likely incorporate a reverse split and folks would lose shares. Yes, it may hit .50 but with the reduction in shares, the average investment here would be worth $2k-$3k, much less than their principal investment.
If I recall, several years back you were promoting EVs as the pathway forward and crypto because it was so safe and couldn't be stolen. I believe you even mentioned FTX specifically.
Now in today's world - reality. Automakers are losing billions of $$ with EVs, as consumers don't want them and can't afford them.
A battery replacement costs $20k -$25K, and the EVs have no value on the secondary market, being sold as a used car. In reality, consumer demand is what drives sales - not wishful thinking or propaganda about saving $$ with EVs.
How many billions of $$ were stolen with FTX? And this is just one of many crypto frauds.
You also were supporting the Dems, which is your right, and you were permitted to discuss that stuff here. But look at the world right now, with dem leadership. Multiple scandals, wars, inflation, and an economy about to go off a cliff.
So although you mention going with your gut...it might be time for a gut check, because many of your prior posts and positions have not aged well.
You clearly state that you plan to sell your WDDD at .50. That would be fantastic if it rose to that PPS.
Do you realize that .50 is about 100x the PPS we are at now? Does that seem realistic or attainable?
What would make the stock value increase by 100x? A reverse merger will make the price rise, but will reduce the number of shares you have.
Do people here understand that? It seems like more hope and hype without all of the facts.
You say Thom "insisted he did nothing wrong". Maybe you could point out what he did wrong?
He attained a good law firm to take the case on contingency. The case worked its way through the court system. Thom doesnt control the courts. He aligned WDDD for the best chance at a victory. What happened in court is NOT his fault. No doubt he could have more PRs to keep everyone updated, but there likely isn't much going on. He did make PRs regarding Bowieworld and the NFTs as well as a partnership with another company - all of which did nothing for the PPS.
Yes, the court case smelled bad. However, when that was pointed out here, prior to the court decision, it was largely ignored by many. The law also changed after the case began. That was also pointed out here and ignored. None of thst is Thom's fault. That lies soley at the feet of those who chose to ignore facts (law changed) and did not give proper weight to other possible outcomes.
That comes down to greed, a closed mind, a herd mentality, inability to think independently, lack of analytical skills and tunnel vision in many cases. The outcome here was NOT Thom's fault.
Folks thinking this is going to .50 or higher, listening to L4BC and others will continue to lose $$.
As usual, L4BC clouds reality saying those who make price predictions about a merger are out to lunch. More like a reality check.
He understands how a reverse merger works. For example, your 300k shares will become 30K shares and the price will go to .05 or .10 (a 10x or 20x increase) from .005 and not .50. So now you have $2000- $3000 and your principal investment is gone.
Most here would need a 100x increase to make any $$. Does that sound realistic?
Thom's current strategy or "lack of strategy" - Perhaps he is keeping his friends and big investors in the loop, or he has simply withdrawn into a state of depression and reclusion.
In any case, he doesn't seem to care about the shareholders. It could be there are no updates be cause absolutely nothing is going on and he is just waiting for something to happen. Perhaps he is shopping the shell and waiting?
"You know you won't be doing any selling". Of course not, because it would be a pointless, money losing endeavor!
You are way underwater here and mention follow your gut. I would suggest for anyone NOT to follow your gut, as you were buying at .70. "because you could". You also suggested that losing the court case was good and now we go to Court in Texas, and maybe this was the plan all along. Sadly, just delusional attempts to rationalize your pumping here. To me, your gut sounds like an upset stomach!
For those thinking this goes over .50, with a merger - perhaps, but that is about 100x from where we are now at .005. The share price may go that high, but you will have a reduction in shares, with a reverse merger. So my gut instincts tell me this is NOT a 100X winner from here.
So when I say it would be lucky to get to .10-.15 range, that is a 20X - 30X, increase from where we are at in the .0055 range. Even that would be miraculous and not likely.
So far, my gut was right on with this one.
Of course! :)
I guess all the cheerleaders here have departed. It was interesting debating with some of them, how it was going to the moon or the stock isn't sliding down, when it was clearly in a freefall mode for months. They had high hopes for Bowieworld and the NFTs, neither of which made any impact at all. Those were hope and hype to keep them and their $$ here. At this point, they have lost their investment and are nowhere to be seen or heard.
Whatever happened to L4BC and his sidekick tradetrak (a/k/a offtrack)? Inquiring minds want to know.
Just my instincts. No one knows for sure what is going on behind the scenes. I just doubt that it will go from sub penny to .50 on a merger. We would be lucky to get .10-.15, in my opinion. If it goes to .50 that would great, but I wouldn't hold my breath. The economy is about to fall off a cliff, interest rates are rising and there are multiple wars being fought. Not exactly the best timing for opening or expanding a business.
.50 would be quite ambitious. WDDD would be lucky to get to .10 -.15 with a merger.
The original statement seemed counter intuitive. Now that you mapped it out, I see your point. As you said, the only real value here is as a shell and merger. Hopefully, Thom can put something together with that. Otherwise, it's a slow roll toward bankruptcy.
Good point about him being a tech guy and not a business/market guy. It also seems that most of his tech ideas came years ago, nothing much in recent years.
He did ok navigating the financing and loans a few years back and did get S&G on board to fight the court claim on contingency. Those were good moves.
However, if one is to assess Thom's total record, he has been associated with about 8 or 9 failed ventures, where he was either CEO or managment. It seems that soon, he can add this failed venture to his resume.
"Thom would be better off financially if he would temporarily suspend his salary and expenses until he can turn this around"???
Seems counter intuitive. How would Thom be better off financially by not taking salary and expenses? He is draining the resources of the company, for his own financial benefit, while there are still resources.
His last PR, several years ago, was referencing future deals, one of many etc. But none of them materialized, and the one deal they did do seemed to be more symbolic than financially rewarding for the company.
Need a willing partner
I don't have any expectations here. The lawsuit is over. You are correct that it was never developed into something more. I had many debates here with others who insisted how important the tech is/was and all of the companies using it. Perhaps it was used many years ago by a few companies. When I questioned what the revenue was from those companies, attempts were made to remove me from the board. That in itself says everything. Just like those believing the hope and hype with Bowie World and the NFTs. I also said that would go absolutely no where.
I'm realistic. Is there a small chance a rabbit gets pulled from the hat. Yes, it's possible but not likely with an economy on the verge of a recession, inflation, unemployment, rising interest rates and a war in Europe.
I see no sense in selling my remaining shares as they are essentially worthless. So I hold them, and maybe we get lucky with one more pop here, which will provide an exit for some. Of course the believers will still hold and believe it is going much higher.