VirnetX (VHC) Called The Next Battleground Stock
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Shares of VirnetX (NYSE: VHC) are under pressure today after being highlighted as the "next big tech battleground stock" by Herb Greenberg on CNBC.
Greenberg said the entire future of the company is based on murky patents it holds for 4G phones with major enthusiasm coming from last year's $200 million patent victory versus Microsoft (Nasdaq: MSFT).
The stock recently picked up mainstream analyst coverage at Cowen with a Buy rating, he notes.
Greenberg also highlighted the fact that the stock is a 2007 U.S. reverse merger, something that is not highly looked upon, especially with all the recent trouble with China reverse merger scams.
Shares of VHC last traded down 5.6% to $26.03.
Greenberg said the entire future of the company is based on murky patents it holds for 4G phones with major enthusiasm coming from last year's $200 million patent victory versus Microsoft (Nasdaq: MSFT).
The stock recently picked up mainstream analyst coverage at Cowen with a Buy rating, he notes.
Greenberg also highlighted the fact that the stock is a 2007 U.S. reverse merger, something that is not highly looked upon, especially with all the recent trouble with China reverse merger scams.
Shares of VHC last traded down 5.6% to $26.03.
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