XpresSpa Group Inc (XSPA)

[billymayshear]

Basically, management protecting their gravy train.

While the NOL can be considered an asset, it is of limited value to another ...acquiring...company. This asset has more value to VRNG, if and only if they can actually earn enough to take advantage of these NOL's. Each NOL period has an expiration time. Given VRNG's inability to actually earn anything, the perception needs to be this is more management protection provision than benefiting shareholders. I would term this an anti-takeover provision.

So just another way for management to protect itself and tell stupid shareholders it is to their benefit!