XpresSpa Group Inc (XSPA)

[coolerheadsprevail]

Remember guys, these sales were pre-planned long ago to coincide w/the vesting schedule for their RSU's in order to cover the tax withholdings. There is nothing nefarious going on.

VRNG did the RIGHT thing by sending out what many view as a meaningless PR yesterday -- they are fully aware that the masses of retail investors don't know or don't remember the terms of their 10b5-1 plan and would completely freak out if these Form 4's hit the public airwaves today w/o explanation.

VRNG took proper pre-emptive steps to minimize the market volatility in reaction to the Form 4's by letting the public know in advance that this was coming and why it was coming. Without yesterday's PR, 99% of retail would be screaming bloody murder and "WTF is going on?" and "I thought they couldn't sell unless the sp was at least $4.25?"

The big players and the TUT's are fully aware of the terms of the 10b5-1 plans and did not need yesterday's PR to understand the nature of the Form 4's being filed today. IMHO, yesterday's PR was issued for the benefit of retail like us.

So I believe that it is a rush to judgment and much too premature to be concluding that VRNG mgmt doesn't give a squat about retail... ...at least until after the pop when the TUT's own closer to 40%, then maybe...