XpresSpa Group Inc (XSPA)

[Deadly Shochu]

Somebody is playing this like a fine tuned fiddle!

May 8: VRNG reports earnings and the stock starts tanking. Heavy volume and "somebody" starts shorting the hell out of it. No real reason to have the pps drop 25% on no news and the earnings were to be expected. Shorts start piling in and the snowball starts rolling downhill.

May 15: stock bottoms out. Hits 2.91 a share. CEO buys 10K at $2.96 on same day.

May 20: MGM latch ruling is revealed. "Somebody" covers 1.15 million shares in after hours trading. I'll bet dollars to donuts he sold shares to himself. Shorted (sold) in the low 4/upper 3 range, bought 1.2 M in a different account when it dipped below 3, and then covered (bought his own shares he just purchased a few days earlier) in after hour at the agreed price of $3.06. Made a million + on the short trade on about $100K on the long trade. Very "coincidental" the shares were covered the same day the MGM latch ruling was revealed. Hmmmm

May 22: As expected, based on the May 20 ruling, VRNG management files the latch reversal letter. Stock pops.

This is too many coincidences to be accidental. Somebody is in the know on what's going on behind the scenes! Watch for other short covering today in large blocks.