XpresSpa Group Inc (XSPA)

[postyle]

I don't think you really understand IP companies and M&A activity. Much of the value is with the key personnel. Players like Cohen, Lang, Stout, etc. are just not going to uproot themselves and move to Redmond, WA or Helsinki, Finland. Unless there is a friendly deal, the talent usually walks out the door when IP asset companies and PAEs are purchased.

What do I think "is there {sic} end game?" For starters, I don't think they plan for an end, at least not in the way options traders and desperately margined shareholders do. I believe that VRNG continues to have a long-term strategic plan based on acquiring and enforcing key intellectual property assets. It's a strategy based on achieving early success and building upon it one step at a time. Growth begets more growth.

I/P Engine was just stage 1. ZTE and asserting the NOK patents is stage 2. Over time, I believe they plan to be more like Acacia in that they will have a recurring, self-sustaining patent royalty stream across several different types of IP assets. They aren't looking to "cash in" the same way a retail amateur does with his 100 share lots. They are looking to build a business. Maybe even an empire. They have the talent, the creativity, and experience to pull it off.

But it takes time. A lot of time, which I have been saying repeatedly since I first showed up here.

Discussion of improbable buyouts and multi-billion dollar jackpot awards are just a waste of time. These message boards are riddled with the same nonsense year after year from dreamers who don't understand what they are discussing. The prayers are never answered. The wild guesses never come true. It justs wastes everyone's time discussing ignorant hopes.