XpresSpa Group Inc (XSPA)

[PennyPincher12]

We've reached a new base of roughly $4 IMO. I would love to continue churning in this area until Oct. 9th. We should know settlement details shortly after. It's my personal opinion that Vringo would gladly accept $500M before trial and I think Stout will play hard ball to this number. If this goes to trial, I think Vringo should see it through on the prospect of triple damages. A 500M settlement tag + 75M a year royalty would yield 400M (20% goes to lawyers) + 300M = $700M. Our market cap is roughly $230M right now, so it would effectively quadruple our current share price. I don't think Vringo will settle for much less than 500M.

Disclosure: I'm still holding all of my October calls. Long VRNG