Replies to post #25838 on Worlds Inc (WDDD)

[AlphaInvestor8]

Yes Dilution is coming from this quote and the others I posted from the 10Q

Clearly, if the notes are in default and the only way to pay them back as stated is an offering or cash from a court award vs Bungie/ATVI - one can assume the note holders aren't going to wait years for it.

Quote:
The holders of the promissory notes shall receive repayment in the full face amount of the note from the initial $750,000 the Company actually receives from the net proceeds of its patent infringement claim(s) or from the net proceeds of a public offering.

My guess is the company is going to raise 1.5-2 mil (750k for the notes then more for operating costs) so that would mean at an approximate 20- 25% haircut to the current price of 4 cents so down to 3 cents or lower is my guess

There is no talk of the merimed stake being sold to fund here and the company has provided a DIRECT STATEMENT OF A PUBLIC OFFERING

No one can argue that above

[DataStream]

No, the company had to raise money through the notes to fund the IPR and appeal. This is not with Susmsn Godfrey and not a contingency arrangement since there is no revenue generated from a successful IPR.