XpresSpa Group Inc (XSPA)

[xlt leader]

Sums up current state of affairs....


By dallas_bbq . 29 minutes ago . Permalink
The Trial is progressing. From the "sources" that are reporting, the evidence for Vringo is being presented and admitted in a favorable manner. Once Vringo is done with its affirmative case, Google will ask for a directed verdict from the Judge, saying Vringo has not met its burden of proof. This will be denied for the same reason summary judgment was denied. Then Google will put on its defense. Vringo will put on a brief rebuttal. Both sides will close. The case will go to the jury.

There is no leaked news that would favor Google that would cause a massive drop in price.

The drop is probably due to traders who were hoping for weekend settlement and weak longs who expected a settlement and do not want to ride the binary event of a jury verdict.

That is it. Only huge news that can come out would be good for Vringo. Everything else is just noise until the trial is over and the jury reaches a verdict.
I couldn't have said it any better than this guy did.