XpresSpa Group Inc (XSPA)

[Rainmaker80]

Head of Rockmore Capital now on the BoD of VRNG

http://www.opalesque.com/62202/PIPE_fund_Rockmore_ends_a_decade_posting202.html

This is highly positive news. It means that they have likely taken a pretty significant stake in the company (likely over 5%) and are pushing for change.

I see them likely expecting better alignment of compensation to shareholders (we seem to have a smart capital markets group on the board now), and likely expecting management to institute a share repurchase in order to utilize the excess cash on their balance sheet vs hording it.

My concern up until now, was that management would sit on the cash out of their fear of their own ineptitude, as a 'buffer' for mistakes. Given they have not utilized cash in a prudent way it would make sense that they would act in such a manner. The addition of this person to the board makes me feel warm and fuzzy!!!

Great news VRNG longs! GREAT news!!!