Get ready folks; things are going to head up.
For those who might not know what the correction means, it means this: the Motion for Summary Judgment which ATVI filed to try to get the case thrown out is now null and void, and anyone can see that. The notice of correction has been filed, but it takes a while to get the paperwork and mail it out. I expect some sort of PR after Worlds receives the notice of correction in the mail. Who knows how long this will take, but I would expect it to take less than one month from the date it was filed (file date is August 14).
And now, since the MSJ hearing is scheduled for October 17, but no longer needs to happen, a couple things might take place:
1. They have the hearing anyways and the Motion for Summary Judgment is denied (hurray; but we already knew it). Small catalyst. Then a date for the Markman hearing is scheduled. Larger catalyst.
2. Worlds lawyers make the case that since the MSJ is a no-brainer, they should hold the Markman hearing on October 17. If the court agrees, this would be a huge catalyst.
Who knows what will happen, but this much is true: there will be a Markman hearing!
Louis, with no disrespect to all else you have written, I disagree that today's jump in share price will be temporary. With MSJ denial already a foregone conclusion, the stock should trade between .3 and .43 in the coming weeks; if a Markman gets scheduled soon, then it should trade up to .5; and a Markman victory....well, we'll find out! Fast-forward a few months.
