XpresSpa Group Inc (XSPA)

[Long-vestor]

This can't be good. The acquisition announcement yet a 'new venture' is not new at all:

https://www.ourcrowd.com/How_It_Works?Source=Header
OurCrowd: Funding the Next Generation of Startups

"Jon Medved, the co-founder and CEO of OurCrowd, is a leading Israeli venture capitalist and serial entrepreneur. He is the founder of Israel Seed, which has raised and managed $262M over four funds. He has made 100 investments (including both his angel and VC investment) in Israeli startup companies, 12 of which have reached an excess of $100M in value. Most recently, Jon founded and was the CEO of Vringo, publicly traded on NYSE MKT (VRNG)."

Keep reading here:
March 2, 2015 @ 3:45 am By Midori Yoshimura. 'OurCrowd Invests in XpresSpa, Creator of the Airport Spa Business Model'

http://www.crowdfundinsider.com/2015/03/63583-ourcrowd-invests-in-xpresspa-creator-of-the-airport-spa-business-model/

Yet even more interesting is goggle results reveal numbers of suites against XpresSpa: https://www.google.com/search?q=+XpresSpa+&sourceid=ie7&rls=com.microsoft:en-US:IE-ContextMenu&ie=&oe=&gws_rd=ssl#q=xpresspa+lawsuit

Regardless, when a presumed privet investment fund, 'OurCrowd' dumps their business into a the very same CEO's public company "Jon Medved, the co-founder and CEO of OurCrowd" "Mr. Medved co-founded Vringo Inc. in 2006 and served as its Chief Executive Officer from April 2006 to March 2012" it's NOT because the acquisition is making any dam MONEY but, to leach money from dumping STOCK!! [wink]