InvestorsHub Logo

KidTraderDontHate

08/10/19 12:14 PM

#36250 RE: cinnamonpee #36249

Hello,

Completely false. From the 10-Q


NOTE 7 – SALE OF MARKETABLE SECURITIES



"When Worlds Inc. spun off Worlds Online Inc. in January 2011, the Company retained 5,936,115 shares of common stock in Worlds Online Inc. (now named MariMed Inc.). Those shares were retained on the books of the Company with a book value of $0. During the six months ended June 30, 2018, the Company sold 1,257,213 shares at an average price of $1.07 per share raising $1,339,502. The proceeds from the sale are treated as a gain on sale of marketable securities in the financial statements. No shares were sold in the six months ended June 30, 2019 ."