XpresSpa Group Inc (XSPA)

[10452km2]

New SA article out... What a real POS

At the time I submitted the article yesterday morning to the SA editors, VRNG was trading at roughly $2.90, which I believed was well below my value of the company in light of the issues addressed in my article. I thus took a long position, which I disclosed in my article yesterday.

Little over 24 hours later, VRNG is up roughly 25%, to about $3.60 as of the time of submission of this article to the SA editors. This is well above my value of the company. Therefore, I closed my long position and have now reestablished a short position.

by Daniel B. Ravicher