XpresSpa Group Inc (XSPA)

[dam78]

About VRINGO's cash burn

http://vringoip.com/documents/FG/vringo/docs/166395_2014Feb_Transcript.pdf

Vringo, Inc.
Investor Update Conference Call
February 12, 2014, 4:30 p.m. Eastern Time
Unofficial Transcript – Prepared by Infinite Conferencing, Inc.
Page: 15-16


"....
(KATZ): OK. And just last question I have is with respect to your
cash burn, you said you have a couple of years of cash on your
balance excluding any kind of major revenue event. I think the
biggest fair case here is just that you’ve (inaudible) equity. You
have no plan at this point to raise their equity, can you just
reiterate and confirm that and talk about different sources of cash
that could come in over the next two years?
PERLMAN: Sure. So obviously the first and the one that we are the
most focused on as a company is generating licensing revenue what
you said was accurate, which is that right now we have an excess of
$31 million of cash on our balance sheet. We currently have no
plans to go out and raise additional equity as we sit here today.
The one caveat and I think we’ve said this ever since the merger.
If we found an asset that we absolutely fell in love with and we
need to raise the capital we’d do it.
We would consider raising additional equity, there is currently
nothing that is on our plate right now that would be left to do.
Separately, you know, as a company they also have a (inaudible)
that are in the money that could generate up to about $18 million
of cash that are exercisable. And overtime if the stock prices
continue to go up, you know, we start to see that (inaudible) on
occasion and they are callable once the stock reaches $5 and
closing there for 20 or 30 trading days...."

No $5, only$1... But the question is still there. Cash Burn?! Vringo can generate $18M without any additional fees.


(TINKER): Right, right. Could you just – sorry, I just have
another quick question. Could you just clarify the ZTE mentioned a
$100 million based on 45 to 50 million smartphones in 2013. So how
much could that be – of how many years is that based?
PERLMAN: The number that we used by way an example was that we are
using our term sheet that is developed with licensing experts as
being as being FRAND compliance rates and simply multiplying by
their publicly disclosed handset sales. You know, ZTE is obviously
the company that experienced and continue to experience significant
growth in terms of unit sales. So one would have to use our term
sheet, which again is publically available in the form of an 8k,
it’s on our website, it’s been the subject of court filings and you
could through ZTE financial data using snapshot (inaudible) example
is really just a small fraction of the products that they sell and
the business in just and revenue generated in the past year.