XTI Aerospace Inc (XTIA)

[quester614]

Talk about giving up. I'm closer to seeing the end of XERI after they lose the XTI lawsuit than you are to XERI getting any XTIA equity

[quester614]

Was the $1 mil down payment made or was it adjusted to a lesser amount. Was the monthly budget amounts adjusted. I understand that. Cash is not equity in a company but a country.

[StockItOut]

equity is cash



Again, you seem to misunderstand Section 5.2 of the JV Agreement.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174236679

[quester614]

Your right you didn't point out letter. Instead it was written consent which I just took would be in the form of a letter so as to have concrete proof of the reason for the actions. In case it ever went to court. LOLOL

That's right if they did send the letter of default for not making the $1 mil that was to be made immediately game over for XTI.

Still avoided the part that XTI was NEVER to receive any equity but only CASH for their contributions.
Just another change to the agreement. LOLOL

5.2.???????????Further Contributions, Interest on Capital, JV Percentages and Withdrawal of Capital Contributions. There shall be no required capital contributions other than as expressly set forth in this Agreement. No Party shall have the right to make voluntary capital contributions to the JV, other than as expressly set forth in this Agreement, without the prior written consent of the other Party. There shall be no interest payable on any capital contributions made to the JV. No Party shall have the right or power to (a) withdraw or reduce such capital contribution except as a result of the dissolution of the JV or as otherwise provided by law, or (b) demand or receive property other than cash in return for its contribution.

[StockItOut]

I haven't said so. I said the JV Agreement says so.

We don't know what actually occurred. We do know that the contract allowed them to make changes, and, we see that changes occurred.

"Speaking of letters..." Well, we weren't.

What is apparent: you completely evaded addressing the basic fundamental logic I set forward in my post, as was my solid reply to your silly accusations. Evading is what fuels your conflicting and fabricated scenarios.

As to 7.1, did XTI Aircraft issue a letter of default to Xeriant? If not, it's yet another non-issue you make issue out of.

[quester614]

You have inside information that this letter was accepted by XTI. I doubt that would happen. Speaking of letters you never addressed if XTI was to send a letter of default to XERI for not making the $1 mil downpayment would this be common knowledge. Or how the agreed down payment was changed before Duffy signed it. Not a lawyer but that seems ridiculous.
Just because you say its so doesn't mean shit to me. This won't be settled til XERI is done. Which won't be long once the XTI case is dismissed. You already admit Nexboard is part of this SCAM.

Limit to 3 post on XERI


7.1????????????If Xeriant defaults on, or otherwise fails to make, the contributions contemplated in sections 4.3.1 or 4.3.2 of this Agreement, XTI shall issue a written notice of default as provided in section

11.11 of this Agreement. Such notice shall provide not less than fifteen (15) days to cure any default. If Xeriant does not comply with the notice to the satisfaction of XTI, XTI shall have a right to terminate this agreement. Upon such termination, Xeriant shall be entitled to receive its Pro-Rata Share.

[StockItOut]

You're confused.

You state, "the funding does not state that it went toward the JV as I have argued."

You also in your same post cite from XTI Aircraft SEC-filed financials:

"As of June 30, 2022, the Company received $5,407,580 in funding from the JV."

Funding from the JV only came from Xeriant.

You generally also deny that XTI Aircraft claims it has a $5.4M liability to Xeriant.


It appears that somehow in your mind you've created a scenario that denies facts, and that counters your other created scenario too.


You also state, "I have argued that a portion of the money went to the departed CEO & CFO." A theory you call fact. A theory that you leave unsupported by any factual findings. A theory unsupported by XTI Aircraft's financial filings.

.

[StockItOut]

No, my post was about SP2 as the most idiotic statement poster, who suggested you out did him.

How would I give a BS answer to 5,2 if I was not discussing Section 5.2 of the JV Agreement?

Seems you like to draw people into specific discussion by accusing them of not discussing the new topic you raise.

As to 5.2 all your questions about it suggests and shows 5,2 confuses you.

You don't seem to understand the meaning of what Section 5.2 states. First you have generally cited a phrase, but leave off the final third of the same phrase statement, "... without the prior written consent of the other Party."

There shall be no required capital contributions other than as expressly set forth in this Agreement. No Party shall have the right to make voluntary capital contributions to the JV, other than as expressly set forth in this Agreement, without the prior written consent of the other Party.

The first sentence of 5.2 states that $10M funding is the maximum, and as funding is all and maximum that the JV Agreement legally requires.

That's right! 3.3,1, they, as the Management Committee could agree to change the budget (and delivery, timing, of the budget); exactly what you have ad nauseam claimed they could not do.

3.1.1 likewise allowed Management Committee agreement to change the budget, funding timing, allocation, etc.

[quester614]

I have not argued that $5.4 mil wasn't spent. The difference is that the funding does not state that it went toward the JV as I have argued and no XERI filing states money went toward the JV. Instead you have claimed the R&D money was payment to the JV. I have NEVER said that XTI didn't get the $5.4 mil just what they did with it.I have argued that a portion of the money went to the departed CEO & CFO. Seems LaBelle and the CFO could have been put on the payroll.

3.4???????????Appointment of Personnel. From time to time, the Management Committee may employ individuals (who may also be employees of a Party) or consultants to provide services to the JV including engineering and accounting on terms and conditions established by the Management Committee (including receipt of compensation) and as permitted in the Budget.

May 31, 2023. As of June 30, 2022, the Company received $5,407,580 in funding from the JV.

[quester614]

Is this your BS answer to 5.2 which states that no party can reduce the capital contribution. I agree that modification to the budget are allowed. Which could describe multiple actions. How the capital is allocated. In the order the projects are approached. A number of budget parameters can be changed. Although 5.2 states clearly that changing the capital contribution is the one change that is not allowed.
Also you have also failed to explain how the committee change the signed budget before there was a signed JV where Duffy states the $1 mil was paid.

Does 5.2 also state that XERI would have NEVER had any kind of equity in XTI and can only be paid only in cash in return for their contributions???? XERI was never to get any XTI stock to start with. Could this mean LaBelle did protect XTI from XERI ever having any control over XTI like I have said from the beginning.

3.3.1.???????Any modification to the Budget, as defined herein.

3.5???????????Budget. Attached as Exhibit D is the budget for the preliminary design of the Aircraft (the “Budget”). The Budget may be revised, from time to time, upon approval of all of the members of the Management Committee.

5.2.???????????Further Contributions, Interest on Capital, JV Percentages and Withdrawal of Capital Contributions. There shall be no required capital contributions other than as expressly set forth in this Agreement. No Party shall have the right to make voluntary capital contributions to the JV, other than as expressly set forth in this Agreement, without the prior written consent of the other Party. Therehave failed to address that Duffy shall be no interest payable on any capital contributions made to the JV. No Party shall have the right or power to (a) withdraw or reduce such capital contribution except as a result of the dissolution of the JV or as otherwise provided by law, or (b) demand or receive property other than cash in return for its contribution.


Already addressed years back, so wouldn't matter what I cited and told you.
You just maga revision it, and ignore what does not fit your conclusion that ignores facts.
That's a nut job.
3.3.1 mtfkr

[Jimmy Joe]

Why the GIANT GREEN candle on the chart in APRIL Glenn1919. Hollow candles following too. Is that supposed to mean something~?

😆🤣😅😂😺😸😹😅🤣😂😆

Two week window starts Monday. Pattern~? Maybe.......

[Jimmy Joe]

ORTEX and FINRA data is useless when it comes to shorting.
Naked shorts just go to the DTCC CNS program and "borrow"
exempt shares, as many as they want to flood the market and many tickers
with fake trades.

Scared~? Buy a great big dawg.

[glenn1919]

XTIA.................................https://stockcharts.com/h-sc/ui?s=XTIA&p=W&b=5&g=0&id=p86431144783

[StockItOut]

You mean he broke your record?

[quester614]

NONE How many do you have stuffed into those bags you're carrying. I'll try to make another post for you to share since you seem to find them worthy of repeating. LOLOL.

[Jimmy Joe]

How many shares short~? Accumulation ongoing where intraday lows come in then go up after market hours.

Hhmmmmmmm

Odd..........

[Smartypants2]

You've just set a new IHub record for the most idiotic statements in a single paragraph.

[Jimmy Joe]

Some are loading $XTIA it seems. Why are shorts so worried~? Seem that way to me.

Keep spewing nonsense.

Just saying.........

[StockItOut]

Seems you don't understand Xeriant's lawsuit demands that XTI Aircraft pay the $6M Auctus loan Note.

I just addressed and answered your ad nauseam again repeated demand, now again made in reply to my previous post that addressed and answered your ad nauseam again repeated demand (round n round): To Xeriant not demanding their $5.4M and/or XTI Aircraft shares, I told you already...:

Xeriant via its lawsuit is demanding XTI Aircraft to pay Xeriant's $6.05M loan Note from Auctus, so Xeriant does not want any XTI Aircraft shares or $5,4M liability satisfying payment (yet). Xeriant is working to get it's equivalent valuation of owed XTI shares or its XTI-owed $5.4 in another manner: by seeking court order for XTI to pay Xeriant's $6.05M Auctus Note, if not its multiple Note default penalties too.

Correct, Xeriant's Complaint has not directly sought XTI shares or $5,4M payment from XTI Aircraft.

Even if no shares are distributed to Xeriant by and from XTI Aircraft, you do understand XTI Aircraft has stated in multiple of its SEC financial statements (Inpixon having done the exact same) that XTI Aircraft is liable to Xeriant in the amount of $5.4M. You understand and agree right? Fact, right? XTI Aircraft stated so, correct? .... .... crickets..... ..... crickets.....

And if $5.4M is not paid to Xeriant (money or equivalent value shares) as you claim will never occur then we'll see this fraud further splayed for all to consider. But the lawsuit forcing XTI Aircraft to pay the Auctus Note appears to be Xeriant's current angle.

.

[quester614]

So Duffy was able to come up with $2.7 mil on his own to fund the first Q of the JV. Even after stating that it was evident that XTI lacked commercially viable engineering drawings or designs he STILL goes and secures a $6 mil TOXIC loan on Nov. 8 2021. Which leaves me wondering why take the loan in the first place and what happened to the leftover loan money. Only $2.7 of the $6 mil might have gone to the JV.



XERIANT/XTI JOINT VENTURE
At the conclusion of September 2021, Xeriant had invested $2,761,006 in the development of the TriFan 600, as outlined in the Joint Venture Agreement. Exhibit B, §§ 4.3.1, 4.3.2.
By this juncture, it became evident that XTI lacked commercially viable engineering drawings or designs for the TriFan 600. The designs possessed by

[quester614]

So how long will it take for XERI to get their XTIA shares????????? The JV ended on May 31 2023 so what's the hold up??????? You have said that the lawsuit has nothing to do with the Pro Rata shares. So WHERE THE F*** are they, acknowledge that. LOLOL That's as bad as SP2 saying XTIA owes Auctus. XERI already lost the BS lawsuit against Auctus. Auctus already owns XERI because they're not worth $10 mil to start with anyway.

TIC TOC April 10 is here

[StockItOut]

Even XTI Aircraft and Inpixon think XTI Aircraft legally owes Xeriant $5.4 Million dollars, as pre-merger 3.3 million XTI Aircraft Company shares. You have never acknowledged this. Why? It Fs with your magadem "probably"s, so you just ignore this glaring fact.

As to Xeriant not demanding their $5.4M, or shares, I told you already. But here you magadem again. I'd think Xeriant is attempting to get XTI Aircraft to pay its $6M loan Note from Auctus, so it does not want any XTI Aircraft shares or payment... yet.

[StockItOut]

I see, "probably." Made-up just like SmartyPants2 does.
ah the magadems

[quester614]

If the 2 previous BS lawsuits XERI filed which were both dismissed after about 40-45 court references Courts probably know when a case is being dragged out with stupid BS.

It is the length of comparing the 41 and 45 court occurrences and the same place the XTI case is at now. We will know tomorrow if I am correct again. When is the XTIA stock that you claim is owed to XERI going to be transferred?????? I remember telling you this was a SCAM and that would never happen 2 1/2 years ago. I said LaBell would have made sure to protect XTI from XERI ever having any control over XTI, REMEMBER????? The JV ended May 31 2023 so what is taking so long. This is the one part of this SCAM that you still think is real after 4 years of NOTHING from XERI but increasing the OS by over 400 mil and a TOXIC AUCTUS loan. Which they now owe more than $10 mil with penalties.

[StockItOut]

yeah, but what specific set precedence time in this case? something you made up again?

[quester614]

Oh no you got me. LOLLOL Should have been president followed by a common. Sorry that was SOOOOO confusing for you.

president
Definition: An earlier event or action that is regarded as an example or guide to be considered in subsequent similar circumstances.

[StockItOut]

What is "set precedence time"?

And, what is the "set precedence time"?

[quester614]

Here's the complete post that I made. One SCAM working with another SCAM and another. Supposedly XERI introduced XTI to INPX.

quester614
Re: None
Sunday, April 07, 2024 2:24:47 PM
Post# 31319 of 31331
If the 2 previous BS lawsuits XERI filed which were both dismissed after about 40-45 court references set precedence time is just about run out for XERI. So with the XTI case now going on 5 months I doubt if XERI gets another extension. The end of time for XERI is close. Their claims of being owed XTIA stock have gone unanswered. Will there be one more last gasp of air given to Duffy? Only 3 days left before we find out. Meanwhile we have been in an unusually quiet PR period.

Now in the 4th quarter with NO word of Nexboard certification or the needed pilot program. Just what is left for PPL to believe in. I forgot about Duffy's close friend that keeps everybody here up to date on the expected greatness of XERI. LOLOLOLOLOLOLOL🤣🤣🤣


Meanwhile Duffy has been dumping shares like no-tomorrow squeezing what little he can before this POS goes down the drain. Only 72526589 added in the last 5 months.
R&D to get Nexboard certified must be costly. Really never saw much BS there like we did with the XTI JV. 🤣


Market Cap Market Cap
9,853,694 04/05/2024
Authorized Shares 5,000,000,000 04/05/2024
Outstanding Shares 492,684,677 04/05/2024
Restricted 172,151,909 04/05/2024
Unrestricted 320,532,768 04/05/2024

Share Structure
Market Cap Market Cap 7,280,714 03/19/2024
Authorized Shares 5,000,000,000 03/19/2024
Outstanding Shares 455,044,644 03/19/2024
Restricted 179,146,213 03/19/2024
Unrestricted 275,898,431 03/19/2024

Share Structure
Market Cap Market Cap 8,957,060 12/11/2023
Authorized Shares 5,000,000,000 12/12/2023
Outstanding Shares 445,044,644 12/12/2023
Restricted 197,038,465 12/12/2023
Unrestricted 248,006,179 12/12/2023

Xeriant, Inc. v. XTI AIRCRAFT COMPANY
Docket last updated: 04/05/2024 11:59 PM EDT
Friday, March 22, 2024
45 order Order Fri 03/22 11:30 AM
ORDER: Plaintiff's request at ECF No.44 is granted. Plaintiff is directed to file an opposition to the motion to dismiss, if any, on or before April 10, 2024. So ordered. (HEREBY ORDERED by Judge J. Paul Oetken) (Text Only Order) (dgl)
Wednesday, March 20, 2024

Xeriant Inc v. Randall
Docket last updated: 04/05/2024 11:59 PM EDT
Tuesday, May 31, 2022
45 2 pgs order Order Dismissing/Closing Case or Party Tue 05/31 6:52 PM
ORDER Dismissing Case / Closing Case for Failure to Comply with Court Orders. (Without Prejudice) Signed by Judge Rodolfo A. Ruiz, II on 5/31/2022. See attached document for full details. (rm02)

Xeriant, Inc. v. Auctus Fund LLC
Docket last updated: 04/05/2024 11:59 PM EDT
Monday, March 11, 2024
41 1 pgs order Order on Motion for Attorney Fees Mon 03/11 12:41 PM
MEMO ENDORSED ORDER denying without prejudice32 Motion for Attorney Fees. ENDORSEMENT: Denied without prejudice to renewal on existing papers within 30 days after determination of the appeal. See Local Civ.R. 54(1)(a), 54.1 (c)(7). SO ORDERED. (Signed by Judge Lewis A. Kaplan on 3/11/24) (yv)

[Jimmy Joe]

Interesting post.......... from another forum.
Green_Architects
5m

$XTIA - Here is something I picked up off another site about the Xeriant, Inc. v. XTI AIRCRAFT COMPANY lawsuit. This was written Sunday April 7th.

If the 2 previous BS lawsuits XERI filed which were both dismissed after about 40-45 court references set precedence time is just about run out for XERI. So with the XTI case now going on 5 months I doubt if XERI gets another extension. The end of time for XERI is close. Their claims of being owed XTIA stock have gone unanswered. Will there be one more last gasp of air given to Duffy? Only 3 days left before we find out. Meanwhile we have been in an unusually quiet PR period.

[Jimmy Joe]

People should take your word for it~? How much are you short~? Legit short or naked short~?

Asking.......... for a friend. LOL~!

[glenn1919]

XTIA...............................................https://stockcharts.com/h-sc/ui?s=XTIA&p=W&b=5&g=0&id=p86431144783

[quester614]

Instead of claiming it's misinformation why don't you prove with facts that it is. It won't take long to prove who the idiot is who I spoke of that believes XERI and XTI are legit.

[Smartypants2]

OMG! XERI's $500 million lawsuit (including damages) is not the same as claiming that XTIA owes them $500 from its original investment of $5.4 million. That's is SOOOOO deceptive!

[Smartypants2]

The amount of misinformation, half-truths, and conspiracy theories crammed into that post is truly impressive!

[StockItOut]

If valued $245 mill -$340 mill why didn't they price it accordingly upon trading nasdaq?

[Jimmy Joe]

Thanks Anite. Waiting for them to push this lower. They will because they can.

Adding when that happens.

[quester614]

Don't you mean BULLSHITERS. The same thing is happening over on the XERI board who has a BS lawsuit against XTIA. There were old XTI investors that came to the board trying to find info on the JV and possible merger. None seemed to have any positive information or feelings on their investment in XTI. One idiot over there continues to claim that XTIA owes XERI $500 mil and will also pay back the toxic $6 mil loan used for the JV after winning the lawsuit. LOLOL

[wickerman]

Still buying HUGE?

God you bulls have no clue.

[wickerman]

$XTIA which new bagholder gave me a clown emoji lol.

Maybe Ali gifts you another famous Sunday evening offering.

[wickerman]

$XTIA = $INPX yes lol pumpers have no idea what's waiting for them.

R/S Dilute R/S Dilute R/S Dilute...

[quester614]

Looks like projected prices should be cheaper than TF 600

FEBRUARY 16, 2024
India’s Mehair Adds Sirius Hydrogen VTOL Aircraft to New Fleet Plans
Indian seaplane operator Mehair has confirmed a provisional sales agreement for up to 100 of Sirius Aviation’s in-development hydrogen-powered VTOL aircraft. The deal announced this week covers firm orders for 50 of the aircraft and options for another 50, which Sirius said are collectively worth $400 million (implying a per-aircraft price tag of $4 million).

The company is developing two variants of the hydrogen-electric VTOL design. The private-use Sirius Business Jet will accommodate one pilot and up to three passengers and have an anticipated flight range of 1,150 miles (1,850 kilometers), whereas the larger Sirius Millennium Jet seats up to five passengers and can fly just over half that distance, with a range of 650 miles (1,050 kilometers). Both versions should be able to fly at altitudes of up to 30,000 feet at a cruise speed of 323 mph (520 kph).

According to him, certification costs can be kept to no more than $250 million, based on a projected timeline of no more than 12 months to build the first prototype and another six months for flight testing.https://siriusjet.com/indias-mehair-adds-sirius-hydrogen-vtol-aircraft-to-new-fleet-plans/

[UltraKraken56]

You know the price of this business jet, it looks great

[quester614]

Did you ever get your INPX divy?? How many INPX RS have you been through. Doubt if you will ever average down to a profit. Just throwing good money after a bad investment.

.Anite
Re: None
Tuesday, February 28, 2023 11:04:57 AM
Post# 4822 of 5496
divy is on schedule, less then 400,000 shares were added as they had to even out Warrants before the divy date! …also CXApp waived the stipulation for the $9.5 mil cash before divy! ..this is huge cause this deal has been in works since last June and delayed twice….now everything in order and dividend date is next Monday, March 6th but need to own by March 2nd this Thursday: that dip today brought in i think many new buyers and holders for this almost 1 share of the new comoany for every 2 shares of INPX that we can still all keep……..a HUGE divy coming up and free share ratio:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171318935

[Anite]

XTIA is now confirmed to have a float of 483K shares, with 1.93m overall. XTI 's evaluation was professionally set at $245 mill -$340 mill, +the $20m INPX eval, brings this to an incredible max PT of $137-$191/share value. Currently under $5..I mean, I'm BUYING TODAY...HUGE....So is everyone in the company. 

[quester614]

XTI IS way behind. 12+ year old company SCAM that's being sued by XERI. Another SCAM OTC that was in a JV with them. XERI now claims by contributing $5+ mil to the JV that they are owed $500 mil. Also claims that XTIA is responsible now to pay off the $5+ mil came from Auctus, a toxic loan co. With penalties XERI owes Auctus over $10 + mil. XERI has already had the XERI vs Auctus dismissed. Coincidentally the XTI CEO & CFO quit at the end of the first year of the JVs term. XERI broke the terms of the JV and now sue XTI only to stall and distract in order to have more time to dilute. Typical OTC SCAM collaboration.

Like most SCAMs a smart investor will profit here. KNOW what you own.

How many RS did you find this will be for INPX?
Looks typical of an OTC SCAM. RINSE and REPEAT
With a Bright New Shiny thing that will change the world. LOLOLOL
They will soon need to do another after this one was done for the XTI merger. not listed

INPX Splits
Split date Split Ratio
Apr 09, 2014 2/1 Stock Split
Jun 18, 2014 2/1 Stock Split
Mar 01, 2017 51/1 Stock Split
Feb 06, 2018 03/1 Stock Split
Nov 02, 2018 04/1 Stock Split
Jan 07, 2020 54/1 Stock Split
Oct 07, 2022 57/1 Stock Split
https://in.investing.com/equities/sysorex-gbl-historical-data-splits

I Doubt if INPX can compete with BMWs financing abilities or R&D. TF 600 hasn't even made a full size test flight. All they have to date is a 2/3 scale that has managed to complete a few hover tests. What do they really have that will keep a $4 price.

This is what they have and it's nothing like the CG
[/img]JANUARY 12, 2024
This World’s First Hydrogen-Powered VTOL Aircraft Could Hit the Skies Next Year
Sirius Aviation is planning to launch not one but two zero-emission jets next year.

The Swiss aviation startup unveiled two zero-emission jets on Wednesday that it claims will take flight in 2025. Designed in collaboration with BMW’s Designworks and the Sauber Group, the newcomers will be powered by a groundbreaking hydrogen-electric propulsion system that will enable quiet, carbon-free travel.

The Sirius Business Jet is geared toward private fliers, with space for up to three passengers. The craft will be able to cruise for up to 1,150 miles at speeds of up to 323 mph and altitudes of 30,000 feet.



https://robbreport.com/motors/aviation/worlds-first-hydrogen-powered-vtol-aircraft-sirius-jet-1235472673/

[da_stock_analyst]

#XTIA 🔥 big exploding move can happen Wednesday! $xtia

[Anite]

XTIA is now confirmed to have a float of 483K shares, with 1.93m overall. XTI 's evaluation was professionally set at $245 mill -$340 mill, +the $20m INPX eval, brings this

to an incredible max PT of $137-$191/share value. Currently under $4...I mean, I'm BUYING TODAY...HUGE....So is everyone in the company. 

[Invest-in-America]

XTIA: And holding pretty strong in the POST-M, to boot.

[Jimmy Joe]

Thanks Mother Teresa. Will look to add some shares soon.

[Invest-in-America]

XTIA: Indeed!!! (This is a GOOD one, Dude!!)