XpresSpa Group Inc (XSPA)

[xlt leader]

Buying back shares is not a good use of their cash in my opinion. The reason is that there are many law suits to come and lawsuits are expensive. I would love to agree with you that they should buy back shares but it would not be the best option. The reason for their canned cc could be that they do not want to slip on any confidential discussions going on is my guess. You will usually find the free and easy , shoot the breeze conference calls are from companies not doing anything worthwhile. These serious professional type calls are usually doing something major behind the scenes. I have listened to thousand of calls over the years and this is my observation. I can tell you are frustrated as am I but I feel much better listening to management than just watching the daily drift. I know some people will sell because they are disappointed that is their choice. Every sale has a buyer attached to it.