XpresSpa Group Inc (XSPA)

[msprings]

Well just what is it that you think they have been doing???

It takes time for things to develop. Some actions are well along now and they are filing more to continue to create more revenues in the future.

Barring settlement there are processes that are involved for things to be determined and those take time. That is the nature of the business that they are in. As far as cash burn is concerned they have plenty of money for the next year at least and possibly more. It is very likely they will have established some income in that time frame. If not another public offering would likely be minimal. The officers are big shareholders and would suffer along with everyone else should they dilute the stock with another large offering. I doubt seriously they would do this.