Friday, September 15, 2017 10:41:06 AM
According to that logic, WDDD cannot go down past $0.025 realistically, assuming WDDD will retain a floor at its stake in MRMD and MRMD doesn't tank.
With a 9.3% stake, 161.79M shares of MRMD, and 246.77M shares of WDDD, here is the floor of WDDD according to "the market values the patents at zero" theory:
MRMD share price: $0.40
WDDD floor: $0.024
MRMD share price: $0.50
WDDD floor: $0.03
MRMD share price: $0.60
WDDD floor: $0.037
MRMD share price: $0.65
WDDD floor: $0.04
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But I'm confused, MRMD's share price was $0.65 on September 1st, and WDDD was trading at $0.03? So the market was valuing their patents negatively?
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Alas, the bid has moved to $0.0315 today, despite MRMD being traded at $0.50?
So do the markets suddenly value WDDD's patents at $0.0015?
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I'm so intrigued by this theory.
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