Worlds Inc (WDDD)

[LouisDesyjr]

What is Marimed?

I assumed the Marimed that you are talking about is related to the internet or would use the online patents since that was the only publicaly traded Marimed that I could find.

After more searching, I did find the 8K from WORX that mentions Marimed. The Marimed Inc is a wholy owned subsidiary of WORX.
http://www.sec.gov/Archives/edgar/data/1522767/000126493114000290/worldsonline8k.htm

As a side note, if you think someone is am wrong, HOW ABOUT POSTING THE CORRECT INFORMATION OF WHAT YOU ARE LOOKING AT?

Usually in a conversation like this, when one of us makes a mistake, others will post what they found so everyone, including the original poster, can see the correct information and all will benefit.

Since Marimed Inc is a subsidiary of WORX, WORX financials would include Marimed. I can not find what is the home state for Marimed. It does not looks like it is incorporated in Massachusetts or Rhode Island, but it could be in any state.

The other company, Sigal Consulting LLC, was organized in MA, August 2013. There is some mention they helped design or setup a center in RI, but there is nothing else that I can find about them so far. It does not appear that they have any operations yet.

The purchase price is listed as 32 million shares of WORX, with options for another 3 million shares that will vest over the next two years at prices ranging from $0.05 to $0.35. On March 31, 2014, WORX had 31,824,548 shares outstanding, so it looks like to me that they will have to issue additional shares to do the purchase. Sigal consulting LLC is supposed to end up with 49% of the outstanding stock in the end, from what I understand.


In my opinion, this deal is not good for the following reasons:

1: When I bought shares in WDDD, I was buying part of a company due to its patents for 3D online and lawsuit against ATVI. I did not ever expect that I was going to end up being involved in the sale and distribution of drugs. Such a change in the business makes me wonder what is going on with the company.

2: WORX has virtually no operations and is combining with another company that appears to have no operations, from what I can tell. The fact that WORX is trading with a market cap of $6.68 million (July 16, 2014 close) is nothing short of a miracle. WROX should be sold off or just shutdown so the patent case can be concentrated on, instead of spending time on 'financial engineering' such as this.

Louis J. Desy Jr.
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