Replies to post #20797 on XpresSpa Group Inc (XSPA)

[xlt leader]

Great article..thank you

[stockbar]

Institutional Investors AIG, Alyeska, and Kingdon Build $20 Million-Plus Stake in Vringo
Press Release: Equity Brief – 2 minutes 41 seconds ago
RELATED QUOTES
Symbol Price Change
VRNG 3.62

Recent SEC filings show that large institutional investors including AIG (AIG), Alyeska, and Kingdon Capital Markets have taken sizeable positions in Vringo, Inc. (VRNG). What we are seeing is the transformation of a high-potential, micro-cap stock into a more broadly held and institutionally held technology company that promises continued high-potential but at a far lower risk - a more attractive investment.
Before institutional investors get involved and risk their clients` money, they need to be sure that investment risks are mitigated and Vringo apparently now meets that threshold. This is good news for all the other investors who are already in the stock and for those looking to up their position.
Vringo stated on a conference call on November 14th that they now have $60 million in cash and no debt. When asked if they would be raising any more funds soon, management responded that they were very well positioned with the funds they have now to execute on their plans.
A court recently granted Vringo a big win in its case against Google (GOOG) and others telling Google it must pay Vringo $30.5 million for patent infringement for the past year, plus 3.5% in royalties on a chunk of Google`s revenues moving forward.
The fact that institutional investors are buying shares and building positions is not only a validation for Vringo`s new financial strength and position, it also tips the supply and demand scales for freely traded shares of the stock in favor of all those that are long the stock.
Continued high-potential, lower risk and institutional buyers all point to the fact that Vringo has evolved from a speculative patent litigation play to a solid institutional-ready investment.

Content & Media Contact: [e-mail]