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Friday, August 11, 2017 4:16:07 PM
No judge will be reading Worlds SEC filings. Investors read those, judges don't peruse. They only read briefs prepared by council on the legal issues before them. Whether Worlds continues to develop it's technology has absolutely no bearing on the merits of the patents validity.
Sorry for the delayed response....been a little busy but still trying to keep up with the board. Love the activity we have recently although much of it has been 100% garbage.
I get that a judge likely isn't reading 10-ks, but it's the only real public information regarding a company's operations and future plans. And I understand that this is a court of law, and ruling on the validity of a patent is fairly yes or no.
But you don't think there's any doubt in a reasonable person's mind about Worlds' purpose of holding these patents? When I consider the laws for patents, and the laws regarding all business environments....I can't help but think about intent. If Worlds as an entity developed patents with the intent of developing them, honing them, and becoming a market leader, etc. that would be a different story. But all they did was develop their great idea (idea - in theory), develop some pretty horrible and underutilized applications of it, and watch other more innovative and aggressive companies to build off the patents to actually create something productive to society. And the patents are the base of someone like Activision's software, but it's just the base and doesn't encompass so much more of the final technological product.
So my concerns stem not from the validity of the patents themselves - I think most long investors here wouldn't be here if they didn't believe in them - but that the patents are fairly limited by the inaction of Worlds since 1996.
While a court case should be concerned with the validity of the patents, and validity alone, and admitting as someone who is not well-versed in law but rather other areas of business and technology, it's hard to defend Worlds' true purpose of these patents besides as a troll (the dreaded word).
Again, I'm not pretending to know nearly as much as you (or others on this board) about the legal and judicial process, so my understanding comes from more of a business view. And it's why I'm long in this stock, but not nearly as loaded as many others. It's too good of a risk/reward, especially after the selling that occurred after the delay of the process 2014-2017 (and beyond).
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