XpresSpa Group Inc (XSPA)

[xlt leader]

My comments are made in light of 15.3 million shares short 26% of the float. There will be corrections but from what level? We have not seen the top today. The high today was $3.27 it should trade higher than that Monday. So far shorts have been deep in profits but the profit position deteriorates as the price rises. Some will not want to want to give up their gains and cover by buying. When you add in new buying that will most definitely come in Monday you will get get a movement greater than normal. After a spike up I am certain some will short this again. I consider this a foolish strategy as there is the great likelihood of decisions form the judge at any moment. This isn't January and in the post-trial motion stage. I doubt very much yo will see sub $3's but if they come many will be ready to buy.

Settlement talk is still just talk. There aren't any hard numbers with which to determine a value, only speculation

This is more advanced than just talk, you don't cancel pre-trial dates unless the talks were serious.

Here is Stevenkimlaw's comment from freeboard

I especially don't think that they would be putting off an early pretrial conference, which is primarily going to be for the purpose of setting pretrial deadlines, unless they are at least exploring the possibility of a settlement structure, or perhaps even numbers. Remember, the context of these current discussions are occurring under circumstances where (unlike the Google case), Vringo has already demonstrated the validity of its patents and its infringement theory before a judge and jury.

Read more: http://vringo.freeforums.net/index.cgi?board=general&action=display&thread=1517#ixzz2OtcfHZ3V