Well done Sumark,
That lays out the rock-solid case for well warranted "Missouri" (Show Me) skepticism.
What you said here is the key:
"Virnetx management has not earned that benefit of the doubt."
Only the most rosiest of rose colored glasses wearing bulls would not agree with the above statement. How about the company go on record and discuss exactly what is going on with Japan now that the $20M is kaput. Not unicorns and rainbow scenarios with the Japanese Royal Family at the annual shareholder meeting. There is never a straight up revenue producing deal - there is always something that the apostles have to suss out - then come the big secrets...You just wait, it's coming, the first domino, the big bang, etc...