I concur that should the Markman prove favorable, then any RS (assuming that WDDD would even need one) should be no more than 1:2 in order to comfortably surpass $5 -- which should be sufficient to achieve both the uplisting objective and the "enable funds to buy shares" objective.
Do you know whether the RS proposal being voted on includes a sunset date for this authority (like MARA's) or is it left open-ended?
You do raise an interesting perspective on the timing aspect of this, though. I suppose WDDD could bring it up for vote again at any point in the future (i.e. if the Markman is a landslide victory for WDDD or if ATVI succumbs and settles right before the trial begins) and so it may be worth considering whether it truly is necessary to give WDDD this type of tool so early in the game.
I guess WDDD is challenging its shareholders to a certain extent by putting it to a vote on the date that it did -- and the ultimate question that it may boii down to for shareholders is this: Do you trust Kidrin?
What everyone seems to be missing is that these proxy's take 45 to 60 days depending on SEC comments and are costly.
The company needs the additional authorized on a stated basis in the proxy to cover the shares and warrants if all are exercised by Hudson Bay and Iroquois. There is not enough left to cover options and shares for possible IP acquisitions.
The RS is a timing tool to act swiftly for possible uplisting and to take advantage of momentum from a favorable Markman.
To start another proxy for another RS vote and wait 2-3 months provides no ability for WDDD to move opportunistically and allow institutional funds to jump in thereby retarding SP appreciation.
Everyone excitedly talks about the rocket primed to take off and ready for the ride but wants to second guess and weigh down the rocket just when fuel has been requested by the astronaut that got us here.
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