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manny t

07/24/12 6:24 PM

#329686 RE: manny t #329685

VHC,

It looks like VHC,specifically CEO Ken Larsen is looking out for his shareholders.

This was posted on IV:

I have sent CNBC.com a second email after Ken Larsen filed the 13 D/A after hours.
" I sent you an email complaining that Herb Greenberg might be in the clutches of Short Sellers by posting that the CEO of VirnetX pledged over 7 million shares for a loan amount which Greenberg did not specify.This,he announced could cause a margin call should the stock collapse.
In a 13 D/A filing after hours today,Mr Larsen the CEO,posted that he borrowed only 5 million dollars.

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8377202

This would value his pledged shares at less than ONE DOLLAR per share.The stock was approximately 34 dollars before Greenberg's report.
I ,as a loyal CNBC watcher,ask you to have Greenberg correct his "Margin Call" hypothesis which made the stock fall 22%.
You don't want people to think that he just reports negative reports and doesn't follow up,when the company he puts down comes out with a positive filing which totally reject his margin call report."