Wednesday, October 04, 2017 8:42:38 AM
You are correct that WDDD's ownership percentage has changed. I did not notice their offering to finalize their 100% MRMD ownership. I apologize for that.
But don't act like you didn't make that mistake as well:
WDDD's current ownership of MRMD is 3.67% (5.94M/161.79M), not 7.5%.The 7.5% you were referencing came from an online forum post.
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WDDD, latest data in 10-Q
Working capital = $(4,870,000)
MRMD stake (5.94M shares) = $2,730,000
Patent portfolio (PLUG) = $12,000,000
WDDD equity = $9,871,000
There is the CORRECT math. And yes, you have to include the ENTIRE working capital, not just the assets. Including the assets and not liabilities it like owning a home and including only the home in your net worth and not your debt.
Your math had been based on a 7%+ equity in MRMD this entire time.
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