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Tuesday, May 28, 2013 11:27:33 PM
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9259590
Here is what the WDDD 14A says:
Purpose and Effect of the Reverse Stock Split
The proposed Reverse Stock Split is to provide us with sufficient flexibility to take advantage of corporate opportunities and/or financings should the opportunities arise. Without the Reverse Stock Split, we would not have sufficient number of authorized Common Shares to engage in these types of transactions and if we were to merely increase the number of our authorized Common Shares (as per Proposal no. 2), management is concerned that the number of our issued and outstanding Common Shares following any such transaction might be excessive, given our current financial condition
WDDD management just needs to give it some time, let's see a markman win first, let's see a damages report from the lawyers first so the market can better understand what these patents are worth, let's see more lawsuits announced, let's wait a little longer for a settlement, the price of the stock will take care of itself. There are other IP stocks that have a very similar share structure and they are doing just fine. WDDD management just needs the authorized share count raised, not a R/S.
"You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes." -Morpheus
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