Replies to post #12935 on Worlds Inc (WDDD)

[LOL]

What some are ignoring, which has already been PRd, is that the CEO of WDDD had authorization for a reverse split for the past 3 years! per the rules, he was allowed to enact a reverse split up until the next shareholder meeting, now that there is another shareholder meeting, he is simply re-establishing that authorization should it be needed. the CEO also let his 15 million options expire worthless last year.

"We have been considering moving to a senior market exchange pending a successful Markman hearing and litigation," stated Thom Kidrin, Worlds CEO. "We have authorization for a reverse split from a prior proxy and want to maintain it in the new proxy so that we have the option to move to a senior exchange in the event of a successful outcome to the pending patent infringement lawsuit.

http://ih.advfn.com/p.php?pid=nmona&article=57765427