Replies to post #22562 on Worlds Inc (WDDD)

[LouisDesyjr]

My mistake 35MM shares and 35 MM warrants

I made a mistake in my reading of the S1.

I thought it was two sets of 35 million shares. It is really 35 million common shares and then 35 million warrants.


Louis J. Desy Jr.

[LouisDesyjr]

WDDD and VRNG deal comments

There were multiple rumors and belief that VRNG was interested back in 2012/2013 in doing a deal with WDDD.

At the time it would have made sense, and did look to be very possible. VRNG did have several million in cash, and appeared to be able to raise more cash if the situation called for it.

WDDD, while it had the patents, was almost out of cash, and had no staff. While the law firm for WDDD took the lawsuit on contingency, WDDD still needed money to keep operating and stay alive until they could get through the entire legal process and collect on any judgement. Getting through the entire process until WDDD got paid from any settlement could take years.

WDDD did not have the cash to do that but VRNG, at the time, looked like it very well could, plus at the time it looked like VRNG was going to win its lawsuit with GOOG. Even if any payment from a judgement in that case was delayed, it was expected that VRNG could raise more than enough cash to stay alive until the judgement was collected and be able to push the WDDD lawsuit to the end also.

There was also a benefit in that if VRNG bought WDDD in an all stock deal, the risk in WDDD would have become disverified in now becoming part of the other VRNG patent lawsuits or royalties.

Back then I had expected a deal to be done, all in stock, that could have valued the WDDD shares as high as $0.50/share.

VRNG had people on staff that had done work for the patent office and work as patent attorneys.

Back then I even wrote to the CEO for WDDD recommending that some kind of deal was really needed for WDDD that would give it enough cash to get all the way through to a collection on a final judgement. Without having enough cash on hand to go to the end, there was no reason for ATVI to ever settle any lawsuit since the only thing they needed to do to win was just to keep the clock running in courts until WDDD ran out of cash. That is the problem WDDD has now.

As an example of how bad things are for WDDD, if ATVI really thought WDDD could win, they could just buy a majority of the WDDD stock for only a few million and stop the lawsuit. Someone at ATVI probably thinks that the legal fees in the case will be less than the amount to buy a majority of WDDD, otherwise they would have done it by now.

Louis J. Desy Jr.