XpresSpa Group Inc (XSPA)

[flyersdh]

The hearing is not really a catalyst. Analyzing the hearing is typically nothing more than guessing. I don't know why investors or traders try.

IMO the facts of the case through district court are solid. I don't really see any claims construction issues. Invalidity is not a problem. There might be commentary related to the damages calculations, but VRNG relied on facts, which the jury/judge more or less agreed with (too bad they didn't know how to use calculators).

I believe the CAFC will be a test of investor patience and will likely confirm more or less what everyone already knows: Google is on the hook for roughly $1B in ongoing royalties through 2016. Google's negotiating position is extremely poor currently. After the CAFC writes their opinion Google will try to stall again with an en banc petition, followed by a SCOTUS petition. VRNG's negotiating position is very strong and will improve with a CAFC affirmation.

IP investors will continue to grasp at straws trying to figure out how everything works. It presents an opportunity for those who know what they are doing or those that at least listen to them.

This isn't rocket surgery. BOL