XpresSpa Group Inc (XSPA)

[JP33]

While I like your enthusiasm, we really need to get away from this "billions and oodles" of money talk folks.

One thing we need to realize here, the market prices in expectations of future earnings, then discounts for risk of not achieving those earnings.

It is pretty clear, anyone thinking the 'market doesn't get it', is actually not getting it....

The market 'got it'...we longs didn't. We're all better off having realistic expectations vs. hyping something.

This stock is at $1 and has lost 75% of its value for many reasons.

1. Google loss - sure we were screwed but its reality, and while we have a very strong argument for review, it doesn't mean we'll get one.

2. Management has taken excessive salaries and share comp and has achieved ZERO for shareholders in 3 years.

3. Cash is at about 6 months left before they need to do a secondary at a very depressed price

4. ZTE shows no desire to settle, and given the cash issues will use this as leverage

5. No material settlements in three years at a cost of $90 million in shareholder money, thats not a good return on their efforts is it?

6. The market won't give this company any value for the future / portfolio since management has failed to show it can effectively monetize its patents. It's like saying I can make the best cookies in the world because I use the finest ingredients but not having people who can actually bake them and sell...

The portfolio means nothing if they cant monetize and increase shareholder value and they have not done anything given the above to provide the market with comfort, they (mgmt) effectively have no credibility.

Reality is folks, this team MUST get something done with ZTE this year and if not it will get alot worse.

Many can talk of billions from other patents etc, but in reality that is simply hopium and arguably nonsense.

Let's keep our feet on the ground, I think enough of us have taken a beating from unrealistic expectations already.