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Monday, May 02, 2022 12:35:18 PM
Is for companies to buyback beaten down shares to capture future gains.
With WDDD entering the highly lucrative Web3 marketplace with NFT (non-fungible tokens... some have confused this and why fungible tokens have no unique value only stated value. Dollar bills are fungible), I imagine they are buying up the float at these fire sale prices. MRMD shares will possibly double but WDDD will most likely be measured in multiples over 10X IMO.
Metaverse? Why else would Meta (formally Facebook) be spending billions on this space? No licensing in every State required like pot. Digital advertising opportunities for WDDD? Very possible.
My guess is the company will buy back at least $500,000 in WDDD stock. It may drive the price up to .10 (no big deal) but if bought over months... the company will get dollars for what it can buy for less than .10 today.
All great CEOs know it's better to buy something you understand, can guide and control development on rather than a third party investment.
Cheers
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