Worlds Inc (WDDD)

[Looking4BIGcash]

It's been a long Summer with lots of questions but soon the answers will be coming.

My thoughts:

1) The conversion has kept the shareprice depressed but if not yet over.. it is close which will lift shareprice as news event calendar heats up.

2) The conversion shows me belief in the success of the company by the debtholder as shifting from a debtholder position to common shares reduces their security that I wouldn't do unless I was very comfortable the shares would rise substantially.

3) Timing of the conversion was at a known lowpoint to maximize their conversion while outside investors took a break (not a lot of buying as there was a long period of no updates on a news driven stock).

4) The opportunity to enforce the Patents remains strong and the win(s) large.

I was not happy with the increase in shares to 250MM but I understand it was necessary. I picked up more shares and feel comfortable that an average under .10/share will make me a very nice return. With a small win of $250MM (much higher is expected) and the Susman FEE removed... we should still be in the .60/share range. Then we go after other infringers.

I personally see a much higher award and feel this is very conservative especially with the expectation of Treble damages (3X) for not accepting a license when WDDD offered years ago.


Patent enforcement is a long investment cycle but the rewards can be great. WDDD has great legal teams representing them, excellent proof they created the work protected by the patents they filed & hold, they did offer a ATVI to license (many years ago and ATVI's actions to bully their way out of paying won't play well for ATVI/Bungie in front of a jury.