XpresSpa Group Inc (XSPA)

[msprings]

The results of the recent action in Brazil are very telling. ZTE is now forbidden from bringing just about any products into Brazil and they have been found to be liars and cheats. More information on this will likely be coming as a result of the raids conducted on them there.
This is damning for ZTE. The implications of this in other proceedings cannot be denied. It creates a pattern of abuses that will be held against them in other cases. Their reputation will precede them as they are brought into other matters around the world.
ZTE is going to have to come to the table soon. They are in trouble now and will owe even more money for the violations of court orders in Brazil and the NDA as well.
Vringo is doing extremely well against them all over the world now and it is costing ZTE many millions of dollars in lost sales and lost future business due to the injunctions.
I don't see how they can continue to deny this at their own peril. It makes no sense from a business perspective to continue to fight this as they lose more and more market share and sales suffer due to these things.