Vringo,
Inc.(NYSEAMEX:VRNG) jumped 9.80% to $3.92 on more than its average daily
volume. Likely helping is a column from SA's John H. Ford, who argues Vringo
could deliver enormous returns if it obtains even a modest royalty rate on
Google search ad revenue, thanks to a patent it owns for ranking search and ad
results. Ford also suggests recent developments in Vringo's company's
infringement suit Google, AOL, and others have been favorable.
Cheniere Energy,
Inc.(NYSEAMEX:LNG) dropped $0.80 or 5.81% to $12.98. Last week, the company
announced the closing of its previously announced underwritten public offering
of common stock. The size of the offering had been increased from the
previously announced 20,000,000 shares of common stock to 28,000,000 shares,
which were sold to the public at a price per share of $14.05.
The net proceeds of the offering, after deducting
underwriting discounts and estimated offering expenses, were approximately
$380.3 million.
Gold Resource
Corporation(NYSEAMEX:GORO) is trading 2.57% lower at $17.05. The company reported
the final results from an independent resource estimate compiled from drilling
data at the Company's La Arista vein system at its El Aguila Project in the
southern state of Oaxaca, Mexico. Indicated and inferred resources include
approximately 1.4 million gold equivalent ounces (all metals) at 1 gram gold
equivalent cutoff confirming the previously announced preliminary results.
The estimate was prepared by the Denver engineering firm of
Pincock, Allen & Holt in compliance with the standards established by
Canadian Securities Administrators' National Instrument 43-101 ("NI
43-101").
VirnetX Holding
Corporation(NYSEAMEX:VHC) lost 4.03% at $33.83. Recently, VirnetX Holding
Corp and Mitel Networks Corporation announced that on July 11, 2012, they
signed a Patent License Agreement. Under the terms of the Agreement, VirnetX
has agreed to license certain of its patents to Mitel, for a one-time payment
to VirnetX and an ongoing reasonable royalty for all future sales through the
expiration of the licensed patents as outlined in the Agreement with respect to
certain current and future IP-encrypted products.
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