Worlds Inc (WDDD)

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Worlds Inc (OTCMKTS:WDDD) Crushed By Q1 Report
BY HOT-STOCKED ON MAY 18, 2016 IN NEWS



The last time we wrote about Worlds Inc (OTCMKTS:WDDD) and its stock was way back in the end of June last year when the ticker sat at a price of around 15 cents per share. The charts show that things only went downward from there and is threatening to drop below the 1 cent per share mark by now.As we wrote back then, we still consider to be nothing more than a patent troll. The company issued only a few press releases since the last time we covered it and they were all concerning the patent infringement lawsuit that it has filed against Activision Blizzard, Inc. (NASDAQ:ATVI).It has made any genuine effort in creating shareholder value and this is obvious when you take a look at the recently filed report for the first quarter of this year.
cash: $49 thousand
current assets: $49 thousand
current liabilities: $4.96 million
revenues: ZERO
net loss: $137 thousand
Those numbers look terrible even by OTC marketplace standards. The terrible financial state of the company, coupled with the lack of press releases are just some of the reasons for which rarely records daily dollar volumes of more than $10 thousand. This latest report showed us that even the few people who are trading are far from impressed. It was filed yesterday and the ticker suffered a loss of 19.11%, dropping to a new 52–week low of $0.01003, while the 8.16 million traded shares managed to generate only $85 thousand in daily dollar volume at those prices.It is highly likely that this is as much investor attention as can warrant at the time being, so be sure to do your due diligence and weigh out the risks before putting any money on the line.


Read more at http://articles.thehotpennystocks.com/worlds-inc-otcmktswddd-crushed-by-q1-report/#hAvOp9Sr8qvZCvB1.99