Worlds Inc (WDDD)

[LouisDesyjr]

Selling off part of the case

When anyone talks about 'selling off' part of the case, everyone knows it means selling off part of the expected amount that the company was going to receive; contingency to pay the legal fees is NOT what anyone is talking about. This is understood by the longtime posters on the board.

There was speculation that the company could have gotten as much as $50 million for selling off a portion of the award the company was expected to receive at the end of any trial. this was in the same era that VRNG sold a few million ($4 million, I think) of that company to investor Mark Cuban for under 10% of the company. It would seem that a similar deal with Mark Cuban could have been done but was not because the company want to 'get it all', instead of reducing its risk and taking some of the profit when things were going well.

Louis J. Desy Jr.