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Tuesday, August 20, 2013 12:10:15 PM
The CEO of Worlds is the largest shareholder...do the logic. He's more hopeful than you and me that the share price will skyrocket; he's not going to do ANYTHING to damage the share price.
The approval for 150 million A/S is only for use if there is a major victory. Large institutions prefer a liquid company into which and out of which they can come and go without causing major share price interruption. An extra 50 million shares will assist in liquidity if there is a major win.
And the Reverse Split approval was simply a re-approval; and the CEO has explicitly said a R/S will only take place AFTER a victory, and only if it is needed to uplist to a larger board (NASDAQ; NYSE). If the share price is 6 or 7 dollars after a victory, there will probably be no reverse split at all.
For those with patience, WDDD will treat you well. Expect very few Press Releases as patent litigation companies cannot say much while in the midst of litigation. A PR on the USPTO correction is probably the next one to expect, but it will take more than a day or two...
Patience.
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