Worlds Inc (WDDD)

[LOL]

I read it too, and yes it doesn't make sense. It's clear they don't have majority vote, insiders control about 10MM shares of a 84MM share O/S, so I can't see it passing at all, no one in their right mind would vote for that. Plus many other patent plays have similar share structures and they are doing just fine. Part of the deal of the last financing was warrants that could be converted at 50c, which would bring in another $2MM+, so the need for more cash is pretty much covered unless they want to acquire patent portfolios like Vringo did. A R/S would mean they wouldn't need to raise the authorized, so the only reason I could see puttting that in there is to get people to vote for the raise in authorized shares, almost like forcing people to choose the lesser of two evils. I have no problem with the raise in authorized shares because public companies use shares for a variety of reasons and they are currently maxed out right now if everything was converted, plus if they acquired some more patent portfolios that would be great. Maybe like I wrote, if they had only asked for a raise in the authorized many would have said no, but by throwing in the possible R/S scenario people will be more likely to ok the raise. Either way, nothing will happen until July 15th. I think what would really help the stock is a damages report as that would give everyone some concrete guidance as to what the stock is worth.