XpresSpa Group Inc (XSPA)

[PennyPincher12]

I don't see any problem here - the market is already valuing the shelf into the PPS and we've stabilized for the most part. I would be concerned if we breached 4.35/4.4, but the play is still for a settlement/trial win.


I ran the quick numbers of the market's valuation of the shelf:

Yesterday close: 5.25 * 58,200,000 O/S = 305M
Today's close: 4.54 * 68,544,000 O/S = 311M


I don't think we're going to see these 10 million shares be dumped into the open market. They will likely be held through the next significant event: settlement or trial win. The next event is now the settlement conference, which is where we could see some tree shaking IMO. If Vringo puts out a PR Wednesday morning that the settlement has been reached, though, all bets are off. GLTA