I posted this a few weeks back.
Caught this on patent stock review site.
4. World's Inc (WDDD) $0.05, Adding to Watch List (Blockchain)
This is an old name from our Patent Stock Review days when they were working a lawsuit against Activision. The suit is still in the courts, but we're not really fixated on that.
Here are some bullet points:
Thom Kidrin is the CEO and he was a pioneer in virtual currency - like decades ago. And that is our play - superficial as it sounds.
Mr. Kidrin was founder and President of The College Television Network sold to MTV. He was also Co-founder Motown Interactive, a 3rd party publisher for Nintendo and Sega, emphasizing the integration of music as a predominant gaming element: Rap Jam with NWA; Dr. Dre, Ice Cube, Eazy-E and MC Ren.
He was also President and Co-founder of American Softworks Corporation.
Bernard Stolar is on the BOD. Mr. Stolar’s previous positions include Executive Vice President of Sony Computer Entertainment America; President, and Chief Operating Officer of Sega of America; and President of Mattel Interactive. Mr. Stolar assisted in the launch of the Sony Playstation and managed the Sega Saturn and Dreamcast platform launches.
These folks can be considered the Kings of Gamers and it doesn't take a rocket scientist to understand how gaming tokens in some shape or form, could show up in a press release at the drop of a coin.
And the financial side (as in will they close), they seem to have a dedicated group of supporters while they meander through court proceedings. Amongst debt holders ($750,000 was just rolled over) is Morris Smith (dig through SEC filings) former head of the Fidelity Magellan Fund.
Put those names together and imagine what Blockchain investors with the attention of a gnat would do, if the Company drops a Blockchain press release, to the share price. Just add a few Bitcoin Luminaries to the Board.
Pre-blockchain idea, part guessing, part imagination and all speculation on our part. But we shall see.
What are the odds of such a press release - in reality we have no idea - but we'd still guess high. With 250 million shares outstanding - the sky certainly is not the limit, but we could envision a run into the twenties or even thirties on a feeding frenzy ala Riot Blockchain style.
Note despite the criticism and mockery in the press (and short-sellers) for being a Biotech which pivoted to the Blockchain, they just raised $37 million meaning Companies can come with a Blockchain idea - AND laterget funded to move the idea mode into reality mode.
Idea Stage: (Riot Blockchain, Inc. is leveraging its expertise and a network of professional advisors to build and support blockchain technologies. It is establishing an Advisory Board with technical experience intending to become a leading authority and supporter of blockchain, while providing investment exposure to the rapidly growing Bitcoin and blockchain ecosystems.) Well alrighty then.
Imagine if you substituted the above description and substituted it with Restaurant Chain insted of Block Chain. It's a SPAC.
Kidrin is also creative as witnessed by last years merger of its spin-off Worlds Online (WORX) into Marimed (MRMD) a marijuana company, which is now sporting a $120 million market valuation!.
Pure genius.
