Replies to post #22000 on Worlds Inc (WDDD)

[Rainmaker80]

I don't 'think' - I 'know'

Why do you think the 31m stated on march 17h is some kind of mid convert update on how many shares are left to sell?

1. Public company financial disclosure rules

2. When a company states "as at" March 17th x amount of shares are reserved for the convert holder this means 'AS AT' that date 'THAT AMOUNT" of shares are "RESERVED". This does not mean that some other number of shares are reserved as at that date. It also is not the total amount reserved in the past (some other date) and thus would be (by implication) ignoring that some where sold off. This last point again, comes down to disclosure requirements.

3.Companies often provide mid quarter updates on material issues to shareholders. Ie VRNG press releases are a good example. Many times mid quarter they would mention what their cash balance was (being an NPE with no recurring revenue, cash was always a concern to shareholders as such they provided that information) "as at" that date. Again, the term 'as at' should tell any investor that 'as at' that specific date, the amount stated is the balance.

4. If you provide a number 'as at' a certain date there is no other number -that number is what is outstanding, this is a fact as per public company disclosure requirements.

5. A company will not tell you a certain number of shares are reserved for the note holder if another number is reserved (ie some have been sold off). Moreover, if one reads through the proxy, it is obvious given the commentary by Kidrin of forgoing options should shareholders not agree to authorize more shares that the 31 million was required for the convert holder.

7. Finally, simply using the information I provided prior on numerous occasions(quarterly/proxy/trading volumes)- my view is obviously correct (just from a logic perspective). However,even ignoring logic, there is no doubt that I am correct from a factual point of view given financial disclosure requirements, the trading behavior of the stock since I provided commentary on the convert and if it was 'done' or not.