There has been nothing much coming from Worlds.com Inc.(OTC:WDDD) recently, except for the proposed Spin-Off last Monday. Yet, last Monday was not a particularly interesting day in terms of trading activity. Friday was one. 
Last Friday, the trading frenzy that hit the market accounted for more than 350k shares exchanging hands. This, however, had little impact on the stock price, the session closing at $0.3 per share. As mentioned, there is nothing to serve as catalyst for this hype. Shorters, actually, took part in it – 20% of the trading volume was due to short selling. The more interesting issue at hand, however, is the balance sheet.
Worlds.com is an innovative business – a platform for 3D virtual communities. Not the only type of this product on the market, though. The thing is, there is much peculiar data in its last quarterly statement. According to the 10-Q with an end date March 31st this year, the company had: [BANNER]
- $187k in total current assets (cash only);
- $3.5 million in total current liabilities;
- $27 million in accumulated deficit;
- $199 in revenues;
- $671k in net loss;
Not the most optimistic data out there. Only cash at hand, hardly any revenues, mounting deficit – this is the reality at hand, according to the SEC filing. This stock has been accumulating value since the beginning of the year as last December it traded around $0.10-15 per share. Nevertheless, despite the innovative business segment the company operates in, if its financial condition does not improve throughout the year, it is questionable whether the current stock price levels could be maintained.
