On Thursday, May 24, VirnetX (VHC) held its Annual Shareholders Meeting in South Lake Tahoe, NV. Based on reports from those in attendance, there are some interesting highlights worth discussing that may positively impact the company in the near-term. At the meeting Kendall Larsen, CEO of VirnetX, highlighted several potential developments in the company's future. Some notable items discussed were directly related to VirnetX's current legal disputes and the mounting pressure the defendants are facing.

Legal proceedings in the United States District Court (Eastern District of TX - Tyler Division) include two groups of defendants. The first group includes Apple (AAPL), Cisco (CSCO) and NEC (NIPNF.PK), and the second group includes Siemens (SI), Avaya and Mitel (MITL). Aastra (AATSF.PK) was a part of the first group, but recently settled with VirnetX as reported in my previous article, "VirnetX's Patent Portfolio Holds Promise Of Significant Upside." Separate infringement complaints

Lately, VirnetX (VHC) has been all over the news in regards to their patent battle against Apple (AAPL), Cisco (CSCO), and Aastra (AATSF.PK) - among others. The company issued a press release on April 26th stating that they were "extremely pleased" with the Markman Order issued by the United States District Court (Eastern District of TX - Tyler Division). They must have been pleased, because a week later VirnetX signed a patent license agreement with Aastra USA that included both a one-time payment and a framework to collect royalties on all future sales covered by the pact.

VirnetX stock has reacted strongly to the news. Even though Aastra USA represents just one business unit of Aastra Technologies Ltd., it was reported that the patent infringement case between VirnetX and all Aastra affiliates would be dismissed. This was verified on Friday, May 11, 2012, when court documents were