XpresSpa Group Inc (XSPA)

[postyle]

Not likely. The 500 patents are encumbered in the sense they have already been asserted against a number of companies and agreements have been reached with a couple of them (ADT/TYCO). Not to mention Nokia still has ownership rights as per the terms of the patent purchase agreement.

If one takes the time to read the terms of the patent purchase agreement, one will see there are various provisions that make this a highly unattractive option (Nokia's retained ownership rights, impairment clauses, penalties, etc.)

Also, the key value of the 500 patents from Nokia is that David Cohen is at the helm asserting them and monetizing them. Without Cohen, who surely will bail if some entity "makes a mid for the whole company", the value is diminished greatly.

So for a multitude of reasons, it's simply not a realistic scenario.

With the low price of Vringo some company could make a bid for the whole company and get over 500 hundred patents on the cheap.