Worlds Inc (WDDD)

[LOL]

Since the announcement of the vote for the R/S shorters have moved in. Most stocks go down on anything having to do with R/S so shorters jump in. In this case, management already has the authority to enact a R/S, since June 2010, they are just looking to extend that authority, (as it expires at the next annual meeting), so when the time is right they can take the stock onto a higher exchange where institutions can buy as stated in the PR:

"We have been considering moving to a senior market exchange pending a successful Markman hearing and litigation," stated Thom Kidrin, Worlds CEO. "We have authorization for a reverse split from a prior proxy and want to maintain it in the new proxy so that we have the option to move to a senior exchange in the event of a successful outcome to the pending patent infringement lawsuit. Uplisting typically exposes the stock to a broader range of investors and funds, which ultimately may benefit our entire shareholder community."

IMO, it was bad timing to ask for it right before the markman, I think the real reason for the annual shareholder meeting is to raise the A/S as they are maxed out when fully diluted, but since WDDD doesn't do annual shareholder meetings very often, last one was 2010, and they are costly, they put everything into this one. Mr. Kidrin explicitly states in the PR that the R/S wouldn't be until after a successful markman and litigation and would be used to get onto a higher exchange, which is all good news for shareholders.