Thursday, August 08, 2013 8:40:40 AM
This is what we know right now based on WDDD's own filing (along with some editorializing on my part):
Quote from WDDD's 8/6/13 filing "Worlds, Inc.'s Opposition To Defendants' Motion To Continue The Date of The Markman Hearing",
"On August 5, 2013, the Court indicated to the parties that it would likely grant Defendants' motion and hear oral argument on Defendants' Motion for Summary Judgement in October, before holding the Markman hearing."
Until the dust settles and this Summary Judgement motion is dealt with and Markman is rescheduled post that MSJ hearing, we could see more weakness in WDDD share price. These unknowns create additional risk of ownership.
Alternatively in this patent infringement space, BCYP (Blue Calypso) has recently lowered the risk in ownership of their shares by the validation of their patents brought by the lucrative 7/25/13 settlement of one (MyLikes) of five current defendants (Groupon, Yelp, LivingSocial, IZEA, Foursquare).
With BCYP, you have patent validation and royalty income just settled. And, five remaining defendants likely to consider the same course of action. Less risk and more certainty going forward.
http://seekingalpha.com/article/1608902-is-yelps-mobile-growth-at-risk
With WDDD, you have current uncertainty about MSJ, and whether patent is even valid. Much greater risk and great uncertainty.
Therefore, you could see a rotation of those investors wanting exposure in this space from WDDD to BCYP. I am in that camp as I would rather be holding a patent stock (BCYP) which has a settlement under its belt with others possible any day instead of holding a patent stock that could receive summary judgement (WDDD) and not even have the opportunity to go to Markman.
Recent WDDD News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/01/2024 01:27:19 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:16:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:47:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 12:00:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:30:21 PM
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