Volatile VirnetX (VHC -5.9%) is heading lower. Yesterday, SA's Value Bulldog (formerly Special...

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

Volatile VirnetX (VHC -5.9%) is heading lower. Yesterday, SA's Value Bulldog (formerly Special K) provided the second part of a bearish report on the IP holder (previous). Among the author's arguments: VirnetX efforts to have its 4G patents declared standards-essential remain in limbo; the company is unlikely to collect a 1% royalty on 4G phone sales, as some hope; and the company appears richly valued relative to fellow mobile patent holder InterDigital.