XpresSpa Group Inc (XSPA)

[Recentiy03]

"The injunction is a big shot in the arm of credibility for Vringo. It is showing that Nokia's patents are becoming less theoretical value adder for Vringo and more real. With ZTE realizing a $2 million loss in revenue per day that the injunction can cause in India, a mere 4 weeks can cost them in revenue more than a settlement cost of an entire year with Vringo. Add to that consumers will also penalize ZTE with eroding brand name prestige.

My hope is that Vringo does not get too greedy here. A $150 - $200 million per year over 5 years would be just fine. No reason to push it over $500 million. They can use a smaller win to get others on their target list to settle."

I think you bring up some good points, however a couple things:

1) Where are you getting those numbers?

Here is the term sheet:

http://www.vringoip.com/documents/FG/vringo/ip/35142_CMC_Term_Sheet.pdf

2) You say $60 million could be more than the value of the settlement, and then you say no reason to push for over $500M...per year?!