XpresSpa Group Inc (XSPA)

[animal60]

Vote NO on proxy vote for all items, especially against Reverse Split. XSPA has not earned a Reverse Split (RS).

Executive Management and the Board of Directors (BoD) need to first share / brief the plan to get the Price per Share (PPS) into the green from the previous RS. To date they have not demonstrated an ability to turn a profitable (positive Earnings Report) Quarter. This despite assurances that the focusing of the business in the Health & Wellness sector is the right direction to go, after disposing of the additive value of Group Mobile and much of the Intellectual Property (IP) portfolio.

Additionally, the current Auditors have not adequately documented the state of XSPA financial performance. They continue to identify XSPA as a "going concern" and have not raised issues / concerns with respect to XSPA failure to achieve positive earnings since at least 2012.

The current BoD has used VRNG, FH, XSPA shareholders as a piggy bank to fund ongoing operations and have manipulated common share holders for their personal benefit.

XSPA and board members Abbe and Bernstein are being sued for fraud. Please see link in earlier post.