Worlds Inc (WDDD)

[22na22]

Why WDDD decreased from 2013-->

In 2013, when WDDD first gained traction in the investing world with a legitimate case against the video game giant ATVI, most investors expected a reasonably short timeline and were excited about WDDD's claims in court and knew about the potential damages (direct and treble) because of the sheer revenue ATVI generates. I remember many posts in 2013 saying they expected some sort of hard decision by the end of 2014 (or even a settlement quickly from ATVI) and possibly early 2015.

In 2013 came delays. Every time there was a decision looming, a delay came. ATVI delayed, delayed, delayed. They used every legal stay possible, extending what should have been a year or two max case into 5+ years. I'm not sure if ATVI thought it would bleed WDDD out (which wasn't a horrible strategy), but WDDD's contingency case with S&G pretty much prevented that. The financing with Hudson Bay, in retrospect, wasn't ideal, but it was going to be tough for CEO Thomas Kidrin to raise funds with such an uncertain timeline.

As the delays were announced, investors fled. The Hudson Bay agreement diluted the shares. Retail investors who once had a great hope of a big court case win (albeit a gamble) got tired of waiting, and knew there were other places in the marketplace where they could put their money and see a return more quickly. Especially in a time period, post recession and the stagnated markets, where investments were finally producing returns again and there was positivism in the general market.

Time is money. Especially in our capital markets.

Fast forward, and the "hype" of WDDD is essentially dead through no fault of its own. The markman hearing was a resounding success. The PTAB ruling, IMO, was a favorable outcome. WDDD retained 19 claims - 7 independent, 12 dependent. 1 of the 7 independent claims - claim 2 of patent 998 - was validated in December 2016, claiming the following language:

A system for displaying interactions in a virtual world among a local user avatar of a local user and a plurality of remote user avatars of remote users, comprising:

a database storing information associated with one or more avatars, each user being associated with a three dimensional avatar;

memory storing instructions; and

a first processor programmed using the instructions to:
receive position information associated with less than all of the remote user avatars in one or more interaction rooms of the virtual world, wherein the processor does not receive position information associated with at least some of the remote user avatars in the virtual world, each avatar of the at least some of the remote user avatars failing to satisfy a condition,

receive orientation information associated with less than all of the remote user avatars, wherein the processor does not receive orientation information associated with at least some of the remote user avatars in the virtual world,

generate on a graphic display a rendering showing the position and orientation of at least one remote user avatar, and

switch between a rendering on the graphic display that shows the virtual world to the local user from a third user perspective and a rendering that allows the local user to view the local user avatar in the virtual world.

World's entire patent portfolio description is embedded in claim 2 of patent 998. It is inherently impossible, imo, to have a complete MMORPG without the language listed above.

And not only does WDDD have claim 2 of patent 998, they also have six other independent claims mostly structured around determining maximum amounts of users and preference. The dependent claims undoubtedly increase the value of WDDD's patent portfolio.

So here we are in 2017 - delayed, and tired. Most investors here have been here since a minimum of 2014. We are still at least a year away. It is not easy. It's not fun having to waiting just to be able to take a gamble. But everyone here believes in WDDD's remaining patent portfolio. And the fact that WDDD rose from $0.01-$0.02 to $0.06 after the PTAB ruling and has settled between $0.03 and $0.04 tells you a lot about the PTAB ruling.

The years we have had in between has forced many investors out.

And where is the exposure in the outside markets to attract potential buyers? There would need to be a recommendation from a major analyst company for serious exposure - which is not allowed. So most of the hype from 2013 that popped up with the initial announcements of WDDD's litigation of ATVI has gone away. Why would there be a significant number of new buyers besides word-of-mouth?

But there are certainly sellers. There are those who are tired of waiting, those who want to invest their money elsewhere in the capital markets, and those wanting to use losses to cover gains at the end of a fiscal year. And make no doubts about it - I know a previously large investor of WDDD who sold off his entire position to reduce some of his taxable gain in 2015 when pretty much everyone had capital gains.

Things are only looking up. I think we are looking at late 2018 or early 2019, so with each 6 months we will march on to a trial and the PPS will rise.

I truly believe some of the specific posters here are some of the most knowledgeable and grounded people I've seen on a message board. Let's make this board respectable again.