Shut up and pay me! That’s what penny stock traders are saying as they sit back patiently and wait on Worlds Inc. (OTC: WDDD). While real action has picked up on WDDD stock since the start of the year as investors await a verdict of the Company’s patent infringement case this summer, some savvy long holders were able to get into it in August for as little as 0.06. With Company’s like Vringo (VRNG) leading the charge against Google (GOOG), the chances of Activision Blizzard (ATVI) having to cough it up is well worth the lottery tickets as long as the damages have enough commas in it.
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WDDD Stock Quote Friday, Feb 15th, 2013
Market Cap: 19.28M
Last: 0.248 ▲ 0.024 (10.71%)
Dollar Volume: $248,655
Issued and Outstanding: 77,723,071
14-Day Rel Strength: 63.27%
14-Day Stochastic: 100.00%
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On March 30, 2012, Worlds Inc. filed a patent infringement lawsuit vs. Activision Blizzard Inc., Blizzard Entertainment Inc. and Activision Publishing Inc. in the U.S District Court for the District of Massachusetts, Civil Action No, 1:12-CV-10576DJC. In September, U.S. District Judge Denise J. Casper established a schedule for upcoming hearings and other case deadlines, the earliest of which is set for June 27, 2013 – the patent claim construction hearing, aka a Markman hearing.
For those who kept up to date during the last 9 months plus, they understood that an investment into WDDD stock was based solely on this judgement being ruled in favor of the Company. Nearly two years ago, Worlds Inc. wrapped up their operations by transferring, through a spin-off to its then wholly owned subsidiary, Worlds Online Inc., the majority of its operations and related operational assets.
Among the assets transferred int he spin-off, Worlds Inc was the owner and operator of:
Worldsfunds.com, a digital inventory of over 10,000 3D objects, animation sequences, an extensive avatar library, texture maps and virtual world architectures.
The U.S. patents which the company has ownership of for multi-server technology for 3D applications are as follows:
- 8,082,501 and
In a recent article by someone who is much more familiar with details of these types of lawsuits pointed out how Worlds Inc.’s recent fund raising of $302,000 is more than sufficient for the Company to keep current with their financial filings and ongoing expenses until the trial date this summer.
With Activision’s World of Warcraft® and Call of Duty® video games having been identified in the complaint as infringing on Worlds’ patents, the possibility, not the probability, for a huge pay out based on the parties involved, could be reason to re-evaluate just how much WDDD stock is really worth.
About WDDD Stock
Worlds Inc. was a leading 3D entertainment portal which leveraged its proprietary technology, which we retained through the Company’s patent portfolio, to offer visitors a network of virtual, multi-user environments which they called “worlds”. At present, the Company retains its patent portfolio which it intends to continue to increase and to more aggressively enforce against alleged infringers.
Click here to view the SEC filings for WDDD.
Click here to view the website for Worlds Inc.
Click here to see what people are saying about WDDD stock.
Last 5 Trading Sessions:
Bottom Line: Worlds Inc. seems to have a solid case with solid attorneys representing them and its penny stock has represented that sentiment, gaining as much as 366% since August, 2012. Until either a definitive number comes out for how much the Company is seeking and the results of the Markman hearing are announced, WDDD should see some great opportunities for getting come cheapies and swing trading the momentum on news updates about the case.
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