Look at your brokerage account you moron. Your shares are no longer there! LOL It's just amazing how moronic and stupid some people are. This company is gone and so is all your money. Move on.
(BN) VirnetX Gets $625.6 Million in Patent Trial Against Apple (Update 1)
VirnetX Gets $625.6 Million in Patent Trial Against Apple (1)
2016-02-03 22:01:57.113 GMT
(Updates with shares in fourth paragraph.)
By Susan Decker and Dennis Robertson
(Bloomberg) -- Apple Inc. was told to pay $625.6 million to VirnetX Holding Corp. for using its patented technology related to secure communications, by a federal jury in Tyler, Texas, on Wednesday. VirnetX jumped in after-hours trading.
Of that figure, $334.9 million covers royalties on older versions of Apple’s VPN on Demand, which allows for remote connections. The jury said other Apple products also infringe the patents, including newer VPN, as well as its FaceTime video- calling feature and iMessage system to send messages to other Apple users. For those, Apple was told to pay $290.7 million.
VirnetX had been seeking at least $532 million, arguing that Apple had widely used its technology without permission.
Apple said it developed its own technology, and that VirnetX overvalued what it did invent. In a court filing, Apple said that the most VirnetX should get was $44.4 million.
VirnetX soared as high as $8.81, an 84 percent jump over its closing share price on Wednesday. During regular trading, shares jumped almost 30 percent as investors bet that the daylong jury deliberations would mean a big win for the company.
This is the second go-around for the two companies. VirnetX had previously won a $368.2 million verdict against Apple only to see it thrown out by an appeals court. The infringement finding regarding VPN on Demand was upheld, while a new trial was ordered on damages and whether FaceTime infringed the patents. This case is a retrial on those issues plus some newer generations of Apple products.
The dispute is over secure networks, known as virtual private networks, through which a website owner can interact with customers, empl
That's not all
Prejudgment interest for 5 years, post judgment interest, daily royalty until judgment ( 80,000 day), running royalty until 2020, attorney,s fees, willful infringement (up to treble). IMO this is a really big verdict. Ghors
cockyfox...why are you asking for opinions? It's a bit late for that. If you listened to my opinion over a year ago you would have gotten out of this stock at $8 lol.
Poor. poor cockyfox. How many times in the past have I warned you about this scam?
On January 8, 2016, Uni-Pixel, Inc. (the Company) received a deficiency letter from the Listing Qualifications Department (the Staff) of the Nasdaq Stock Market notifying the Company that, for the prior 30 consecutive business days, the bid price for the Companys common stock had closed below the minimum $1.00 per share requirement for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the Rule).The notice has no immediate effect on the listing or trading of the Company's common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol "UNXL" at this time.
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been given 180 calendar days, or until July 6, 2016, t o regain compliance with the Rule.If, at any time before July 6, 2016, the bid price for the Companys common stock closes at $1.00 or more for a minimum of 10 consecutive business days as required under Listing Rule 5810(c)(3)(A), the Staff will provide written notification to the Company that it complies with the Rule.If the Company does not regain compliance with the Rule by July6, 2016, but meets the Nasdaq Capital Market initial inclusion criteria set forth in Listing Rule 5550, except for the $1.00 per share bid price requirement, the Company may be granted an additional 180 calendar day compliance period.The Company intends to actively monitor the bid price for its common stock between now and July 6, 2016, and will consider all available options to resolve the deficiency and regain compliance with the Nasdaq minimum bid price requirement.
If the Company does not regain compliance with the Rule by July 6, 2016 and is not eligible for an additional compliance period at that time, the Staff will provide written notification to the Company that its common stock may be delisted.At that time, the Company may appeal the Staffs delisting determination to a Nasdaq Listing Qualifications Panel (Panel).The Company
You have to love their method of dumping shares. On fri the stock was down .05 until they put a huge amount of shares on the bid .05 higher which somehow drove the stock to that level. This morning they finished dumping their 300k shares and the price then no longer had any support and dropped. They waited for the bottom to fall out and then jumped on the bid again at .40 with a few hundred thousand shares. RINSE AND REPEAT is the name of the game here as this is how they dump the millions of shares they've received from the toxic financing deal.
Are you serious?????????? UNXL has had a credibility problem for over 2 yrs now. You can't be for real cockyfox. Please tell us this is an act?? No one can be that stupid.
"UNXL now has a credibility problem."
Read my post below. I posted it when there were still 275k shares to churn through. This has happened 3-4 times before when HB was dumping. Those were HB's shares sitting on the bid. It was also HB's shares that raised the bid .04 on Friday. In fact, it's YOU that isn't very bright lol.
Are you serious Eric. You are clueless! Lytham puts out what mgt tells them to put out. mgt MUST sign off on the PR.
"Lytham needs to go."
Always an excuse you dumb@$%s hotoncocks. Co's don't hold news based on mkt conditions. Besides, it goes against federal disclosure laws to hold material news more than 3 or 4 days. Can a person really be as stupid as you?
"Would you have released any bullish news this week with the market diving?"