Worlds Inc (WDDD)

[tradetrak]

Thanks for the analysis Louis but I think you're off on a couple of points. The main one of which is the royalty rate. I've been researching it, part of which is conversations with two IP attorneys. According to what they say and what I've discovered in my research, the average rate for royalties on game design IP is 3-6% of revenues attributable to the property. Not net. Gross revenue. At that rate, I believe your numbers just about double and that is without any PE multiple.