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VirnetX (VHC +12.6%) jumps after providing details about CEO Kendall Larsen's decision to use...

VirnetX (VHC +12.6%) jumps after providing details about CEO Kendall Larsen's decision to use his stake in the company to secure a personal line of credit. Cowen notes Larsen didn't sell any shares as a result, and thinks VirnetX's disclosure puts the controversy to rest. Separately, VirnetX states an ITC judge is delaying his investigation of the company's infringement complaint against Apple, and that VirnetX will appeal and/or re-file in response.
Comments (1)
  • Whats the line of credit being used for? Thats the ? shareholders want answered..
    25 Jul 2012, 03:29 PM Reply Like
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