Chinese patent validation news isn't the kind if news that should move the stock.
1) Everyone already knows patents from Nokia are of the highest quality and the cherry picked patents asserted against ZTE globally are the real deal. We don't need confirmation.
2) VRNG is not suing ZTE in China
3) Chinese courts/regulatory body opinions are (virtually) meaningless
4) There are seven patents being challenged in China. This was just news on one of them. We expect them all to be valid and don't care what China says.
5) VRNG will probably never collect in China for any products or services sold in China.
6) Market has no clue how to value VRNG. Telling participants that China validated a patent might give many of them brain aneurysms as they try to pontificate on the significance.
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