It is a theoretic floor. Nice in idea, but not so sure it will hold that range if this goes backwards... Maybe it will, it has held up pretty well during the wait.
The value of the MariMed shares provides a floor. There is little risk in losing money unless MariMed tanks, which is pretty unlikely.
IMO the only sign of hope for WDDD is through representation. Their legal team is quite impressive.
The problem I see here, is management. I was involved with this stock several years ago. I’ve heard/read many assurances of future success.
If .20 is the “base” due to the fact MRMD has had a heck of a run.. So be it.
But for how long??
Here’s a quote from the recent CEO update - shared by PPlays
“We are adequately capitalized for the remainder of 2018 and with our stock position in MariMed, Inc., we have the means to raise additional cash in a non-dilutive manner.”
If they sell MRMD for additional cash. Yet they value their PPS based on owning some. How is that considered “non-dilutive”?
Erasing sh value in order to raise operating cash - is technically dilution.
I agree it’s moot, if considering a potential long-term win. But like I said; .20 is not a bargain (given anything “unfavorable” in the near term..)