XpresSpa Group Inc (XSPA)

[tobinator00]

Warrant Value & I/P Proffer

Folks the warrants are trading well below fair value. Using Black-Scholes and 100% volatility (between 90 - 100% volatility has been accurately modeling the warrants for months) I get the following warrant fair values (WFV) vs. stock price:

$2.50: WFV = $1.09

$2.60: WFV = $1.15

$2.70: WFV = $1.22

$2.80: WFV = $1.29

$2.90: WFV = $1.35

$3.00: WFV = $1.42

At the stock price at the time of this post ($2.80), the warrants are trading at $1.06 or over 20% discount. This morning there has been extreme manipulation in the warrants with a seller constantly hitting the bid with 100 share lots. They were successful in driving the warrants down to $0.70 for a short time when the stock was well over $2.50. It appears someone wants to incite a panic to cover cheaply.

If anyone wants to get a copy of my Excel spreadsheet with the warrant calculator, please email me at [e-mail].

The other part of this post. I have been unable to open the I/P Poffer concerning the latches arguements Vringo made. Can anyone post it in full here?