iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,460 Blog Posts

Hung Jury in CSCO Trial– $VHC

Via BBG:

*VIRNETX JURY CANNOT REACH UNANIMOUS VERDICT IN CISCO CASE

*VIRNETX JUDGE TELLS JURY TO CONTINUE DELIBERATIONS

Stock is getting hammered on the news.

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23 comments

  1. The Equalizer

    First things first: “FIG.”

    Second things second: holy crap, look at that drop on a 1-minute chart (and bounce back).

    We’ll see what the jury comes back with, when and if they come back with it. Anyone ballsy enough to trade this today, keep your fingers at the ready.

    Disclosure: No position VHC. I’ve been watching from the sidelines with no time to follow the story from my day job.

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  2. The Zombie

    TFIG

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  3. Marc David

    I feel filthy!

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  4. Frog

    Good luck on the final VHC verdict.

    Guess what? The Right & the Left folks are gettting together on some common goals. Could turn out to get some things done for our country. Hope so. Turns out that both are against crony capitalism– at least in the case of the huge TBTF banks and also the prison industrial complex that spends our tax dollars arresting & housing people in prison for big “crimes” like being caught with a joint in their pocket.

    http://www.livingroomconversations.org/2013/01/co-founder-of-tea-party-patriots-and-moveon-org-co-host-a-living-room-conversation-on-the-role-of-business-in-government/

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  5. drewdog12380

    Fly, this headline is misleading. There is no hung jury (yet), if the jury is still deliberating.

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  6. Rick

    What about CALL!

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    • Marc David

      I know! This was my funding for a Carnival Cruise. Looks like I’ll just have to stay home and shit my pants alone.

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  7. noodleboy

    Today is Pi day 03/14/2013

    Everyone eat pie and do calculator math.

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  8. Dishobgyn

    They lost the case

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  9. Trading_Nymph

    Ring, Ring…Hello this is Italy, we are going to form our govt tonight and we won’t be able to cuz Grillo won’t deal and Bunga Bunga is in the hospital…USA do you even care?

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  10. acehood

    Any reason to buy VHC now?

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    • JTU

      I placed an order for 23.50 and only managed to get 25 shares filled! What a joke!

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  11. Mr. Cain Thaler

    Did VHC really lose the case, or are trolls saying they lost the case?

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  12. figesmalls

    Nobody is contesting if or when you sold, Sir Fly….I just would like to know other than the initial reason you mentioned that you believed it to be too slow in reconciling it’s issues, why? What were the indicators? Does the White Paper still hold true? I sincerely would like to know your thoughts…and can (as news dribbles out) VHC recover?

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  13. prospectus

    They found that VHC’s patents were valid, but that Cisco did not infringe on them. They are still in negotiations with AAPL for royalties for the next month.

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  14. Mr.Partridge

    Don’t fuck with Cisco.

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  15. J Livermore

    Fly, do you dye your eyebrows like Ackman?

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  16. crib size quilt

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