XpresSpa Group Inc (XSPA)

[mrjic]

Hey Rain,

No one is suggesting that COIN is some flourishing company, quite the opposite. I have purchased shares in both VRNG and COIN. I consider COIN to be a lottery ticket with much better odds of winning than the typical lottery drawing. They just voted at the shareholders meeting to accept all three main proposals related to shares.

1. That one or more reverse splits could happen anytime before June 9, 2013.
2. That any reverse splits may be rescinded.
3. Increase in A/S to 1 Billion.

My guess is that they do nothing until the Markman Ruling is out. It makes no sense for them to r/s here. Also the increase in A/S probably means that if they did a r/s it would be a bit further down the road, my guess would be a few months or 4th quarter. If the Markman goes well they may see some real price appreciation making r/s unnecessary at least for quite some time. My guess is that they would take it a quarter or two at a time and let investors know, i.e. no reverse splits considered until 1st qtr 2013 and so on. If COIN catches enough interest and volume on a boost from VRNG momentum players could move it in an unreasonable way. .10-.15 would not be far fetched. I hear you on all your points but don't discount something that is entirely possible. If you believe as much as you do in VRNG then the only real argument is that you believe management of COIN is so stupid you think they will r/s before the Markman Ruling. I don't believe that as I think in this case their interest is aligned with shareholders. The split would make much more sense from a higher price and that price should not take long to materialize if its going to.