XpresSpa Group Inc (XSPA)

[JJSeabrook]

VRNG is proposing a R/S and an A/S increase. ZTE should realize that VRNG will do whatever it must to raise the cash necessary to fight them to the end. Too much potential value for VRNG to just fold for peanuts. Even though they lost to GOOG, they've show that they will, in fact, take it all the way to SCOTUS in the U.S.. After the NDA suit goes to final judgment and IF VRNG obtains an injunction against ZTE the screws really begin to tighten on ZTE. That may be what it takes to get ZTE to cave in to a worldwide settlement.

I do not believe there is any chance for an injunction to be put in place as a result of the Motion for Sanctions. VRNG did not ask for it, and Kaplan is extremely unlikely to award anything VRNG did not ask for in their motion. He's already advised them to set forth in their motion the relief they are seeking, which they did. Don't expect the judge to order any more than VRNG has asked on his own (sua sponte).

IMO Kaplan and his clerks are authoring his Order and it will be ready for entry subsequent to the hearing, which I expect could occur before the end of the month, but you never know. I expect he may very well rule from the bench at the conclusion of that hearing. Oral argument, if granted, will likely not affect his decision in the slightest. Should be a very good day for VRNG when that Order comes out.