If VirnetX were on the verge of winning 1% of iPhone revenue, their stock price would reflect it. However, it does not. https://www.google.com/finance?q=NYSEMK

If VirnetX were on the verge of winning 1% of iPhone revenue, their stock price would reflect it. However, it does not. https://www.google.com/finance?q=NYSEMKT%3AVHC&ei=h-WTU4DYNs_TqAGN_4DQCA https://www.google.com/finance?q=NYSEMKT%3AVHC&ei=h-WTU4DYNs... VirnetX's market cap is $850 million, which would be a very steep discount if the company were "on the verge" of being paid $340 million/year from Apple.