Worlds Inc (WDDD)

[WhatNestEgg]

Actually based on the proxy, it was clear that the intentions of the R/S would be to effect the ability to raise the market price to qualify for NASDAQ.

The proposed Reverse Stock Split is to provide us with sufficient flexibility to take advantage of corporate opportunities and/or financings should the opportunities arise or to raise the market price of our common stock to qualify to have our common stock quoted on NASDAQ or listed on an exchange.

They of course do have a glimmer the misdirection had an out as they included the language for "take advantage of corporate opportunities" and this additional financing would obviously be an opportunity to strengthen the position of support for all the IP rights they have a team of lawyers pursuing.

It would be collective assumptions by board posters that the good direction the company and the good leadership would continue the persistent upwards drive to another exchange. So misunderstood or misdirected, the intentions were laid out intending to align the R/S with positive outcome of a bigger exchange. Kidrin does own that messaging and it was misleading.

Regarding 20 for 1 or 2 for 1… the speculation is which number but I would speculate if they are attempting to raise enough funds to pay for 2 years of legal fees and if they intend to hold true to the word of the proxy then they will probably need the 20 for 1 R/S and then issue new warrants up to the current authorize shares diluting the current shareholders equity but raising the corporate capital position to reach the needed exchange thresholds.