Sep. 11 at 11:33 PM
$XWEL is pure piece of sh.. It used to be
$VRNG Vringo, had a decent business model and decided to become a patent troll. They lost unfortunately. This was in the 2010s. The stock was pumped and touted by no other than infamous self-proclaimed stock guru, James Altucher. Like many of his pumps, they failed.
So the company pivoted multiple times and issued multiple reverse stock split. They became FH, then XSPA, now XWEL.
Every I travel, i check out an XSPA store, and guess what, quasi every time they are... emptyyyy!!!
It was obvious they'd never be profitable. It was a flawed biz model from the beginning. Getting a massage at the airport is the last thing on anyone's mine. People just want to get in and get out.
Until they have a serious proven scalable biz model, is worth 0.
Everything else is smoke and joke. If they went into serving coffee instead of wellness at airports, they'd make at least some decent amount of $$. But no, let's stick to an unsalable business ...
