Worlds Inc (WDDD)

[22na22]

I was confused about this as well.


There were 246M shares outstanding - a 5/1 reverse puts the number at 49.2M. Those converted shares from the warrants adds 7M post-RS shares (35M pre-RS, 7M post-RS). So we now theoretically have:

49.2M shares at 0.335 per share.

Add in the additional 7M from the warrants = 56.2M shares outstanding.

The 16M market cap with 56.2M shares outstanding gets us to a PPS of 0.285.

Puts us in the high .05s if we're talking about the old prices.

If the market at all factored in the warrants already, and an RS that looking back, was mandatory given the number of shares authorized and outstanding, there should theoretically be minimal impact on the stock price.

Dilution was not coming unless the price increased, triggering the warrants, and the R/S. If we stayed in the .03s or .04s, the warrant holders wouldn't have converted at that point. The shares of MRMD combined with the deferred financing WDDD was receiving were enough to cover all costs.

So it's not a matter of if the warrants were to be exercised and R/S was to come, it was when.

It all makes sense looking back.