RE:RE:VirnetX news The VirnetX news is important as nearly $1 Billion in losses to a single NPE over two cases, could change the internal view at Apple.
Quarterhill can come back and launch several other lawsuits from their patent portfolio in addition to reinstating the original verdict plus all the other royalties on sales since the lawsuit time period. The market is pricing in zero value for the current Apple victory for WiLan or for any value of WiLan for that matter. The stock trades at cash + IRD value.
Any recognition that WiLan can continue its licensing deal flow or that an Apple settlement could happen could spark significant interest in the stock.
Good performance today on a down market day for QTRH. It does have a 0.30 Beta so that isn't unexpected, but the relative strength in addition to the MA convergence is very strong. Also had a Parabolic SAR buy event. The volume off TSX is also very interesting and highlights again that there is accumulation happening.
All factors suggest this resolves to the upside.