Xeriant Inc (XERI)

[dabullishbear]

I don't see how it's possible. I'm honestly surprised by that email response. I don't see how they can get to those figures without raising the AS to over 4 billion. It says right in the 8K they are only raising it to 500m, so how is it physically possible for them to come up with 166m shares post split? Even if you reverse split 25:1 a maxed out AS of 500m shares, you would end up with only 20m shares.

There's either a piece of information that we're missing or McPherson isn't explaining things correctly.

I really have no idea at this point. But the wording they used in the MOU is 'members interests' and that's terminology used in regards to a private LLC. It looks clearly as if they are reverse splitting those members interests of around 4 billion down to a figure of 166 million.

So I really don't know what to say.