XpresSpa Group Inc (XSPA)

[PennyPincher12]

The more I contemplate this offering, the more I like it. Vringo seems to have a plan as to how this is going to go, while Google continues to flounder. If Vringo was desperate for money, why not empty the whole shelf right away? They're saving the last bullet for a settlement/trial win. By waiting until SJ was denied, they actually saved more shares from entering the market. I don't think they realized that the stock would continue to run the next day, or they could have saved even more shares.

There's only two reasons why Vringo wanted to unload another bullet from the shelf: they wanted to send Google a powerful message that they are ready to do what it takes OR they are also having more patent acquisition talks. Regardless, now is NOT the time to be out of this stock and, IMO, the price of this stock should not dip below $4 unless a Google miracle comes into play.

The wild card right now is this new filing from another company litigating against Google. If the judge grants their motion to unseal documents, Google is screwed and will be forced to settlement before trial. That's our ace in the hole right now, so hopefully there will be a quick ruling on it Monday to increase our leverage in the situation.