In March press release, Worlds Inc (OTCMKTS:WDDD) reported that it submitted replies to the six IPRs instituted by the U.S. Patent & Trademark Office’s PTAB at the request of Bungie Inc.

The patents in discussion are also at the center of a patent breach court case charged by the company against Activision Blizzard, Inc. (NASDAQ:ATVI) et al. As per the LA Times, the petitioner Bungie has a multi-year deal, with Activision and at the same time Activision has a seat in Bungie’s board.

The management speaks

Thom Kidrin, the CEO of Worlds, said that they believe Bungie is a related entity of interest to Activision in the respective matter. It is serving as an Activision proxy since it is time barred from submitting an IPR against Worlds.

Nevertheless, the company has addressed the invalidity arguments raised by Bungie in filed petitions. They are of view that they have overcome these issues and will be successful in keeping the validity of their patents.

The details

Oral hearings before the PTAB are scheduled on August 10, with a ruling anticipated by November 30. Attorney Wayne M. Helge stands for Worlds before the planned PTAB. It should be noted that DBJ+G is ranked as one of the best law firms measured by the count of representations in IPR, Post-Grant Review, and Covered Business Method cases before PTAB in 2015.

A positive verdict on the IPR will enable Worlds to progress in federal patent case against Activision Blizzard. Markman ruling was in favor of Worlds in the Activision case that was issued in last year.

The profile

Worlds Inc is an intellectual property developer firm and owns licensee of patents linked to 3D online virtual worlds. It has a portfolio of 7 U.S. trademarks for multi-server technology based on 3D applications. The firm’s 3D Internet websites are developed to help visitation by providing users with online communities.

Lotus Bio-Technology Development Corp (OTCMKTS:LBTD) Loses Grip On New 52-Week High

Bears appear to have taken control of Lotus Biotechnology after a 27% tank in the market. The crash came even as the stock appeared to be on course to register a new 52-week high of $0.59 a share after an impressive run, backed by a string of positive news.

With the stock now trading at lows of $0.40 a share, fresh news will have to come into play if the stock is to have a chance of recording a new 52-week high soon. Talk of exponential growth in China’s organic food industry has so far helped propel Lotus Biotechnology to the current highs.

Lotus Bio-Technology Development Corp (OTCMKTS:LBTD) has also been busy in forming strategic alliances with other biotechnology companies as it continues to explore ways of coming up with new organic products. The company has also teamed up with the likes of Hunan Cangshi Biological Technology as part of an effort that seek to explore new opportunities abroad.

Previous articleMetrospaces Inc (OTCMKTS:MSPC) Posts Amendment To Form 10-Q
Next articlePuration Inc (OTCMKTS:PURA) Announces Cannabis Beverage Collaboration Deal
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.