Worlds Inc (WDDD)

[22na22]

They are not issuing additional shares.

They already issued the 35M shares exercised by the warrant holders two weeks ago. Those 35M shares become 7M shares after the R/S.

The 246M shares outstanding before the R/S become 49M shares outstanding.

Add in the 7M shares post-R/S and you have 56M total shares outstanding with a market cap of 16M.

The reason the 250M was not sufficient because you are talking about PRE-REVERSE SPLIT shares. There were 246M shares outstanding and 250M shares authorized before the R/S. Obviously 4M shares is not enough to accommodate the 35M pre-R/S shares exercised by the warrant holders.