Replies to post #17124 on Worlds Inc (WDDD)

[LouisDesyjr]

My understanding of WDDD and WORX.

Most of my understanding is from the companies own SEC reports. WDDD shows zero revenue for Q1 2014, but I am willing to overlook that because of the patent case that is going on and the value I expect from it eventually. I own shares in WDDD on the basis of what I expect is the present value of the patents and the October 2014 Markman hearing.

WORX shows $222 in Q1 2014 revenue. While it does have a license to use the online patents from WDDD, with WDDD approval, it looks like they are not able to do anything meaningful with them.

I have no objections to WORX being sold off as a shell for some other company looking for a low cost way to get access to public markets, but I think the hype surrounding the new joint venture/probably future reverse merger is not warranted since the LLC does not seem to have any operations. I would prefer a company that has ongoing operations (and is profitable) to be doing a reverse merger into WORX. That I would feel good about.

While I am a libertarian on drug policy, I do not feel good about, in effect, being a part owner in a company that will be pushing such use, plus I do not see enough demand for such a product/service to justify the valuations that people are looking at (or fear will come if WORX starts to get pumped).

Louis J. Desy Jr
[e-mail]

[LouisDesyjr]

My understanding

1: The 18% I quote WDDD owning of WORX is from an email I had with the company on 06/27/2014 at 10:49am as follows:

start of email from WDDD:
Louis:

I appreciate your support and comments on the case. As has been reported, our legal counsel Susman Godfrey is on a full contingency therefore any and all costs associated with the patent infringement case against Activision is covered.

As far as additional operating funds for the company, WDDD owns 18% of WORX, Worlds has the ability to sell some of these shares without dilution to WDDD and as those shares in WORX appreciate there is a direct correlation to the SP of WDDD.

Thom
Thom Kidrin - President/CEO
T 617.725.8900 - F 617/975-3888
[e-mail]
end of email from WDDD:

2: Marimed does not 'look right' to me. The shares trade in London, but their own web site does not have any financial reports; plus there seems to be some kind of strange web of holders for a lot of the shares:
http://www.marimedia.net/aim-rule-26#AdmissionDocument
Number of Securities in Issue

Marimedia Ltd was admitted to the Alternative Investment Market (AIM) of the London Stock Exchange on 28 May 2014. The company’s shares are not traded on any other stock exchange. The total issued and outstanding number of shares is 61,913,744. The total number of shares not in public hands is 42,497,465 representing 68.6% of the total issued share capital. There are no restrictions on the transfer of the company’s shares.

Major Shareholders

The total issued and outstanding number of shares is 61,913,744. The following hold 3% or more of the ordinary share capital of Marimedia:

Shareholder


Number of Ordinary Shares Percentage of Issued Ordinary
Share Capital

Marimedia Holdings Limited* 21,206,250 34.25

Cababie Holdings Ltd** 10,603,125 17.13

Dooi Holdings Ltd*** 10,603,125 17.13

Schroder Investment Management 4,668,534 7.54

Investec Asset Management 3,376,619 5.45

Legal & General 2,813,849 4.54

River & Mercantile Asset Management 2,813,849 4.54

Slater Investments Limited 2,363,633 3.82

*MTD PTE Ltd, a Singapore company (No. 201128098R), is the beneficial owner of 50% of the issued share capital of Marimedia Holdings Ltd. The shares of MTD PTE Ltd. are held in trust by Fiduciary Holdings PTE Ltd., a Singapore company (No. 200200594R), in favour of YSYHY Ltd., a company organized under the laws of Belize (No. 108,109). Mr Tal is the sole shareholder of YSYHY Ltd. Smart & Simple Ltd is the beneficial owner of 50% of the issued share capital of Marimedia Holdings Ltd. Mr Ehud Levy is the sole beneficial owner of Smart & Simple Ltd.
**Mr Ariel Cababie is the sole beneficial owner of Cababie Holdings Ltd.
***Ms Maia Shiran is the sole beneficial owner of Dooi Holdings Ltd.
Mr Cababie and Ms Shiran are co-habiting.
Last update: 28/05/14



Louis J. Desy Jr.
[e-mail]