VirnetX pares gains; "colorably different" remark scrutinized

|About: VirnetX Holding Corporation (VHC)|By:, SA News Editor

Up over 30% at one point in response to its Apple royalty disclosure, VirnetX (VHC +5.9%) closed with more modest gains, as investors tried to decipher the precise implications of a very short 8-K. Shares are up 2.5% AH.

Markman Advisors declares it difficult to parse the 8-K until a full court order is published. The firm particularly thinks more detail is needed on VirnetX's remark that an 0.98% royalty rate applies to products not "colorably different" from those adjudicated at trial, along with the adjudicated products.