UK markets open in 5 hours 16 minutes

VirnetX Holding Corp (VHC)

NYSE - NYSE Delayed price. Currency in USD
Add to watchlist
5.82-0.01 (-0.17%)
At close: 4:00PM EDT

5.82 0.00 (0.00%)
After hours: 4:18PM EDT

Sign in to post a message.
  • A
    AHoward
    The trial schedule is as follows. Jury selection is Monday the 26th, and with Covid regulations and procedures will take all day. Actual trial will begin sometime Tuesday 27th. Court days are also shortened due to Covid and will be 10 to 4. With the hours allotted to each side, the trial will last until November 4th or 5th.

    After the verdict, it will be another 4 months or so until the judge issues his final ruling confirming the amounts and any enhancements and interest.

    As a reminder, we are arguing for $1.20 per phone, while Apple is of course claiming that our feature is essentially worthless. The time frame of infringement is from 2014 to the present and approximately 600 Million I phones were sold in the US during that time. Thus we are seeking over $ 700 Million in damages plus interest from then until we are paid. If we are successful, Apple will owe well over $850 Million to VHC
  • r
    robert
    Spectre, I certainly feel your pain but I was lucky enough to sell half my position after the MSFT settlement.
    I have since bought back the shares I sold nearly at the original price I paid initially. I'm actually considering buying more this week as we head into the damages trial. I also think we are going to get another $1 dividend, especially if we get the news from the jury we expect. If that happens, I fully expect a much bigger dividend once we get paid on the 2nd trial. I don't think the CAFC will make us wait long to deny Apple's appeal or the Supreme Court will wait long to denying them an audience in front of the justices.
  • A
    Anonymous
    VHC won already the. Case and this hearing is only on the penalty phase! Judge recommended 1.20. Highly unlikely jurors will be convinced to change!!! If judgment gets awarded Apple should change litigation strategy of appeals to acquisition strategy and just buy VHC. And then they can collect more royalties from Samsung and others
  • E
    Evan
    A HOWARD,
    Thanks for the update!
    It's nice to see a new post that makes some sense!
  • k
    kirk
    Stock is starting the accumulation climb. If you read this court Document on the reason for new Damages trial you will see Judge Schroeder denied a sunset royalty but agreed to an ongoing royalty. Virnetx will still get the 1.20 per device and an ongoing royalty. We won the case already so the damages here will be pretty big. You add that to a standstill agreement between HTC and Samsung. Not only will we gat paid by Apple but HTC and Samsung as well. https://www.docdroid.net/BiFQRVG/vhc-aapl-00855-damagestrial-1-may-20-pdf#page=12
    Case 6:12-cv-00855-RWS Document 840 Filed 04/23/20 Page 1 of 17 PageID #: 57714. IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF TEXAS TYLER DIVISION VIRNETX INC., ET AL., Plaintiffs, v. APPLE INC., Defendant. § § § CIVIL ACTION NO. 6
    Case 6:12-cv-00855-RWS Document 840 Filed 04/23/20 Page 1 of 17 PageID #: 57714. IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF TEXAS TYLER DIVISION VIRNETX INC., ET AL., Plaintiffs, v. APPLE INC., Defendant. § § § CIVIL ACTION NO. 6
    www.docdroid.net
  • k
    kirk
    Its also my gut feeling that shareholders will get another special $1.00 dividend before the new damages trial. After all we still have $283,000,000. in the bank as of June 30th 2020. Which by the way is now 100% our stemming from the last denial of the supreme court for Apple's latest appeal.
  • r
    robert
    The PTO? The CAFC & the Supreme Court has nurtured them. We didn't get one decision in our favor from them anyway, it seemed like a predetermined outcome from the start.
  • D
    Dylan
    Insider rumors of a second dividend coming. However, I caution to buy more because I remember this stock went up past $7 before bad news came and dropped us below $5. Hoping for the former, along with more good news from the courts.
  • r
    robert
    If there ever is a point in time where Apple would consider settling then I believe we have reached that point. Apple could end this anytime they want, put the GLOBAL # out there, it's a big $ but they can afford it and KL will settle. Apple is not buying VHC just so they can sue everyone else, those Apple vs Samsung vs HTC days'. After this damages' trial ends and they lose their appeals to the CAFC and then the SC, its over. Everything going forward will be summary judgments, no court, no jury.

    Consider, Apple is expected to sell 75 million phones around the holidays, that is $1.20 X 75 = $90 mil / 70 mil shares = $1.28 earnings per share. Then ask yourself this, how many I-phones has Apple sold outside the USA in the past 10 years? ? X $1.20 = ? The $ Apple owes us for global infringement is a large number, many times our current market cap. AND Samsung and HTC might have sold even more phones then Apple in those
    past 10 years.

    I think it's possible that the big 3 of them could buy VHC and share the patents.
  • r
    robert
    Spectre, Apple is pushing the very limit on their legal options, this next phase could cost them real money.
  • r
    robert
    Over ten years and still going, this is well beyond ridicules. At some point, someone has to say enough is enough and I think HJS might be the one who will. Even Judge Prost from the CAFC weighed in about the length of this litigation and said Apple would drag this out for another 10 years if allowed to. I say this because HJS could have just recalculated the damages @ $1.20 per phone, but he choose to do a new damages trial. He had clear sailing through the CAFC and the SC already gave their blessing so why take the case. I think he took it because if he did the simple recalculation he'd have a new VHC vs Apple in his court in the not too distant future.

    A new damages trial means he can award enhanced damages if he so chooses and enhanced damages might provide the proper motivation for Apple to end this.
  • I
    IMHO Tep
    Volume still low. Maybe it will pick up next week. And finally cross $6.
  • A
    Angel
    VirnetX Holding Corp. received a positive court ruling Wednesday, as the internet security software and technology company disclosed that the U.S. District Court for the Eastern District of Texas has denied Apple Inc.'s motion for relief from a judgment in the VirnetX vs. Apple patent case. 
  • r
    robert
    Folks, Apple asked for the money they recently paid VHC (see $1 dividend) back when the PTAB ruled VHC's patents were invalid, again. The court told Apple to forget about it. It is really a non event, Apple had no chance of getting their money back, but what the heck, they have mountains of cash to spend and lawyers
    on staff already getting paid.

    Get ready for the damages trial now coming in Oct. Apple still has time to settle this but they aren't going to do that. At some point in time, HJS is going to award us enhanced damages for willful infringement and that time could be at hand. VHC, just to mess with Apple, should file a petition for an injunction, ask the court to prevent Apple from launching their new I-Phone this holiday season. Even if HJS did grant the injunction, Apple would run to the nearest Federal court in CA and get it overturned but that shouldn't prevent VHC
    from doing it anyway.
  • r
    robert
    I sent a email to VHC asking them whether the upcoming damages trial includes I-Phones sold after
    April 2018. Incredible that it has been almost 2.5 years since the jury rendered its decision in that
    case. Seems to me their is another few hundred million infringing I-phones in question here. It also
    seems to me that the infringement of those phones should be ruled willful and come with treble damages.
  • S
    Spectre
    Yesterday 10/11/2020, marked 10 years....yes, 10 years that I've held this stock. And I'm sure there are others that have held it longer. Just curious as to how many shareholders have died waiting for this to come to an end? Enough is enough. And before anyone says it, I'm committed to seeing this to the end. I hope KL has enjoyed living in the lap of luxury the last 10 plus years.
  • A
    A Yahoo! user  phdhar
    A company that does not earn any money cannot pay a dividend! Therefore I declare the $1.00 per share we received a few months ago is not a taxable dividend , but a return of capital! Any IRS, CPA'S or tax attorneys???
  • b
    ben
    Is the Taliban done buying?
  • b
    ben
    Naders meeting today with the FDA went poorly his gun got Jammed!
  • r
    robert
    Glen, Glen, Glen our patents are VALID AND ENFORCEABLE and Apple has only paid for US infringement up to 2016 ($439 million). There is also 10 years of ROW infringement. Samsung & HTC are also on the hook for more then 10 years of infringement. We also have a standstill agreement with Samsung in place so they know the time is nearly here for them to cut a check. In a market gone completely loco, VHC is beyond dirt cheap.
    The only reason we are "tied to a lawsuit" is because companies have refused to pay us.

    Newbies, do you own DD and decide for yourself.