XpresSpa Group Inc (XSPA)

[JJSeabrook]

I don't know how the Nokia agreement was drafted but you'd think that Nokia wouldn't receive anything until VRNG had a NET recovery of $22M, not a gross recovery. I believe all attorneys fees and costs would be taken out before the $22M figure starts adding up at all, and obviously the $21.5M isn't net recovery. Nokia is still along way from receiving any funds is my guess.


spookytrades Tuesday, 12/08/15 07:38:01 AM
Re: None
Post # of 62891

INTERESTING TWEET "Interesting the settlement was just below the 22 million required to Kick In the Nokia 35% clause" Does anyone know if 22 million was the cutoff? If so then did they just screw NOKIA ?

$VRNG 2/2
Interesting the settlement was just below the 22 million required to Kick In the Nokia 35% clause

— Sergiy Nazarko (@Begemotus) December 8, 2015