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New information today for WORX in my inbox, but dated 1/26/2017. Authorization summary:
(1) to increase the authorized Common Stock of the Company to 500,000,000 shares,
(2) to increase the authorized Preferred Stock of the Company to
50,000,000 shares,
(3) to effectuate a reverse stock split (prorate decrease) of our issued and outstanding shares of Common Stock in the discretion of our Board of Directors in a ratio of up to 10for1 and
(4) to change the name of the Company to “MariMed Inc.”
https://materials.proxyvote.com/Approved/98159J/20170207/INFST_309224.PDF
This Information Statement has been filed with the Securities and Exchange Commission and is being furnished, pursuant to
Section 14C of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), to the holders (the “Stockholders”) of the
common stock, par value $0.001 per share (the “Common Stock”), of Worlds Online Inc., a Delaware Corporation (the “Company”),
to notify such Stockholders that on January 26, 2017, the Company received written consents in lieu of a meeting of Stockholders
from the holders of 33,582,774 shares representing approximately 52.4% of the 64,074,683 shares of the total issued and outstanding
shares of voting stock of the Company (the "Majority Stockholders") authorizing the Company's Board of Directors (1) to increase the
authorized Common Stock of the Company to 500,000,000 shares, (2) to increase the authorized Preferred Stock of the Company to
50,000,000 shares, (3) to effectuate a reverse stock split (prorata
decrease) of our issued and outstanding shares of Common Stock in
the discretion of our Board of Directors in a ratio of up to 10for1
and (4) to change the name of the Company to “MariMed Inc.”
We're gonna get high high high...
Here's the verbiage:
entitled to receive notice of this Information Statement and upon implementation of a reverse split at a ratio of 10:1, if and when our
Board of Directors determines to implement it. We currently have 100 million authorized shares of Common Stock.
Number of currently outstanding shares 64,074,683
Number of currently outstanding shares, postsplit
(assumes 10:1 split) 6,407,468
Number of authorized but unissued shares, postsplit
93,592,532
Number of currently outstanding shares – fully diluted 73,579,683
Number of authorized but unissued shares fully
diluted, postsplit
92,642,032
(4)
The following table sets forth the same information as provided in the table above, but assumes that the increase of our authorized
Common Stock to 500 million shares has been implemented.
Number of currently outstanding shares 64,074,683
Number of currently outstanding shares, postsplit
(assumes 10:1 split) 6,407,468
Number of authorized but unissued shares, postsplit
493,592,533
Number of currently outstanding shares – fully diluted 73,579,683
Number of authorized but unissued shares fully
diluted, postsplit
492,642,032
I'm using Schwab. Here's what they say:
Partial Fills
SmartEx
An order routed through SmartEx may have partial fills. Schwab will continue attempting to fill the order until it's completed.
•For a Day Limit order, there is only one commission charge and generally one order number assigned unless you change your order, regardless of the number of fills it takes to complete the order.
•Good 'Till Cancelled orders have the potential for multiple commissions if the order takes more than one day to complete. One commission will be charged for each day's combined fills, based on execution prices and quantities.
Frustrating. I've had the tiny fills where the commission kills any potential profit, and Schwab doesn't let me enter the AON or minimum order restriction on orders for WDDD if I recall. Maybe the sellers had smaller blocks to trade and the buyer ended up getting several partial fills to complete his trade. Or something more nefarious? Who knows?
Nice little bump to north of a buck on higher volume. Good! Could be nothing or maybe someone got word of an upcoming announcement and wanted in. We are getting fewer PR's than usual so far this year so wouldn't be surprised if an announcement comes soon. we're overdue...
Watch HR590 - nuclear power friendly bill. LTBR could benefit from some funding...
https://www.congress.gov/bill/115th-congress/house-bill/590/text#
Power, I'm reading between the lines a bit here so don't quote me. The testing with Areva in '09 was when they were still called Thorium Power. My understanding is that running thorium fuel is more complex, research intensive, (expensive) and the horizon much more distant. Apparently you can't just stick thorium fuel rods into conventional reactors. The company needed a more realistic goal for the "short" term.
So the focus is on a "bridge" fuel, one that will work in today's reactors after modification, taking advantage of infrastructure that is already present. The new deal with Areva is to manufacture the rods in a 50-50 JV, so a different animal from the '09 testing agreement. I believe LTBR was hoping for multiple JV's but we've only heard about Areva. It's troubling that there is no signature on the dotted line yet. According the Areva PR that should be happening in the coming months. We shall see.
Testing at Norway's test facility apparently must precede commercial testing. I'm sure the AEC has rules!
A positive here is that there is a high barrier to entry into this field. LTBR has significant IP patented in multiple countries. Hopefully they will achieve success and not be subject to a buyout at pennies on the dollar.
Very oversold stock. Things that could provide catalyst for price bump:
1) Signed agreement with Areva
2) Successful completion of testing in Norway
3) Commercial testing in US
4) Trump administration easing regulations or promoting nuclear as a green energy.
5) Insider buying...not the little toe dipping we've seen in the past, but a deep dive.
6) A big consulting contract
I'm seeing a 50x to 100x increase over a few years if things fall into place.
Just my opinion, don't trade based off of that.
Interesting NewsMax article re: nuclear energy: http://www.newsmax.com/Finance/InvestingAnalysis/trump-tillerson-perry-uranium/2017/01/16/id/768815/
LTBR featured January 17, 2017 in The Energy Daily. No new news, just more exposure.
http://www.theenergydaily.com/publications/ed/U-S-revives-nuclear-agreement-with-Norway-in-boost-for-Lightbridge_15066.html
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
? Warren Buffett
I too added to my position today in the low .90's
We're wondering the same thing. Looks like a shark feeding frenzy came and went. Stock looks way oversold so hope to see some upside stick for a change.
Up or down? 0.20 or $100? Let me know so I can buy or sell! (I need to know) Looks like we're still trending lower, how low can we go?
Should be worth way more than that IF everything falls into place. Long and nibbling on the dips, of which there are plenty...
All things uranium seem to be going up after being depressed for so long. Take a look at the ETF URA. "All" their holdings are headed up as well...
In the news 12-23, Reuters: "** LIGHTBRIDGE CORP, $1.12, -0.89 pct
U.S. President-elect Donald Trump called on Thursday for the country to expand its nuclear weapons capabilities until the world "comes to its senses" - a signal he may support costly efforts to modernize the aging U.S. nuclear arsenal"
So LTBR, innovators of peaceful nuclear energy production bumps on tweets of upgrading the nuclear arsenal? I guess the signal is that nuclear power is also given the green light under the Trump administration?
I think there must be a "fat finger error". I believe that I read previously the warrant exercise price to be 0.012, not 0.12 Slight difference. Could someone with access to that S1 please verify?
Getting close to upper resistance. Watch for possible breakout.
From their website: Vision Statement:
Lightbridge will be a global leader in the deployment of safe, transparent and commercially viable non-proliferative civil nuclear generation programs.
Nothing about weaponry here.
Hopefully has turned the corner then. A big holdup was getting a company to JV with for the fuel rods. I believe they are still in talks with Areva for a 50-50 JV but not finalized. They were attempting to JV with multiple companies, but so far only Areva that I'm aware of. An announcement of a signed deal would pop the share price for sure, as well as announcing the fuel rod testing in Norway. All IMHO from the top of my head. You can DD in more detail on your own.
About that GLTU. "No information available for GLTU. Please try again." Hahaha. GLTUT!!!
Yeah, new account here but started long in LTBR over 1 1/2 years ago. I've been through a 5:1 reverse split to keep NASDAQ compliant and my initial highest entry point adjusted for the split was $7.45/share. So it'll take this long a lot more to make me happy than you!
Good to see a post here after so long. A little caution though. Nasdaq requirements for continued listing include shareholder equity of at least 10 million dollars, and share price above $1. https://listingcenter.nasdaq.com/assets/continuedguide.pdf Might not be that long until they start knocking on the door again. However you've sure beat my entry point, but likely you'll be able to get in even lower down the road. LTBR has been a huge drain on my account, hence my alias. Still a holder, just not adding right now. Look at what superpsiboy has posted over on Yahoo! in the past. I wish I would have given him more credit then. We have upcoming national leadership that seems to be more agreeable to nuclear energy. However, LTBR is still burning through cash and I believe is still planning some dilution. Could someone bring me up to speed on that status? Still holding the bag, just not adding at this time. Would the last person to leave please turn out the lights.
Recent insider buying by Zelibor; 250,000 shares. http://archive.fast-edgar.com//20161227/AB2Z2G2CZ222WZ72222R2ZX2LIESZM22RB82/
I could use a little clarification here. If the warrants are issued after the RS, will that increase the dilution by the factor of the RS?