XpresSpa Group Inc (XSPA)

[The Rainmaker]

Confidential Treatment Orders are very common. A company asks the SEC for permission to keep something confidential in one of their contracts or deals.

Listen to this part very careful.....THE SEC would NEVER EVER allow a public company to hide bad information from shareholders by granting them a Ct order. Bad info a company is trying to hide never gets a CT Order. CT's are so a company can mantain some competitive business advantage this info provides them with.

Examples of what might get a confidential treatment approval.

For example VRNG has a special deal with AT&T and because AT&T is so huge VRNG gave them a better deal than any of their other customers. Of course VRNG would want to hide this from their other customers. So some contract that is attached as an exhibit to VRNG's 10K has a contract or deal and some parts are blanked out. They usually start with an * and blank and another * to show you in the filing the part of the contract that got confidential treatment. The SEC usually makes you show the contract but they just let you blank out certain parts of the deal that they granted CT on.

That's one example....its nothing to be concerned about and is probably something good for us.