XpresSpa Group Inc (XSPA)

[PennyPincher12]

Also, I just want to add that I think there's actually a possibility that our PPS rises after the merger is finalized. We don't know the value of I/P's patent folder and we've been in a new blackout for so long. Combined that with the ambiguity of the final O/S and I think we could be looking at the same PPS (with higher O/S, so therefore higher valuation).


Let's not also forget that I/P came to Vringo and wanted to merge. They are assuming control of the company and I don't think they would throw their hat into the AMEX ring if they would have to initially complete a R/S. My guess is that, at worst, the merger has already been priced in and we see a slight PPS drop (but not below $3). From there, I think we can easily obtain a $500-750 million settlement with .5-1% royalty for the duration of the patent. This would give us a PPS in the $15-20 range (after multiple)