Replies to post #62292 on XpresSpa Group Inc (XSPA)

[ipnoob]

probably prepare to write a 10 billions dollars check to vringo in coming days to help vringo to avoid a Reverse Split on the stock.

[Rainmaker80]

Definitely an interesting development to 'announce it'.

In the US a share buy back can often be left to simply expire as company's do it selectively / repurchase on an opportunistic basis and aren't required by any means to cancel it.

In this case they have announced another use for the cash which is somewhat interesting, especially when they say uses that are in the better long term interests of shareholders.

That being said, this may be normal practice to announce it for chinese company's and also, 1bn RMB is only (if I do my math right) about $160 ml

Given NDA breach damages, any settlement would have to be higher than $160 (I would think). That number is likely closer to only the FRAND value, so something would need to be added to convince VRNG to settle given there is material damage to their ability to negotiate w other infringers.

But, it is a source of material cash so as part of a settlement, it would make sense.

Let's hope!