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bill2002, I may be able to better address your question in a few weeks, once XERI has revealed more details about the African real estate development and the XTI merger -- but I can envision a few realistic paths to NASDAQ that wouldn't require a reverse split. It seems that the composite boards that the XERI/Movychem JV will be producing are potentially applicable to a broad array of construction materials and products. If so, those 35,000 homes from the first sale alone could generate way more than $100 million over 5 years. Over the next few months, whose to say there won't be more huge sales and/or licensing deals.
As for XTI, considering that HALF of the $3 billion in pre-sales can AFTER the JV between XTI and XERI was formed, I've got to believe that the $3 billion figure will continue increasing -- and that a certain % of those funds will be accessible by XTI/XERI the closer they get to delivery.
Put those 2 factors together and XERI could be in a much better revenue position that the vast majority of uplisting companies. In addition, it's in the hot "Green Tech" sector and not just the eVTOL segment.
If there is a RS I'm going after someone. It would be foolish to do a RS. The MMs will destroy it. Good deals, revenue, merger with XTI is all that is needed.
((( And to ignore the revenue impact of that massive African real estate development deal on XERI's revenue projections is absurd!!! That revenue -- together with XTI's pre-sales -- should clearly qualify XERI for an uplist to NASDAQ! )))))))
SP2 , Based on your above statement , if they announce both deals in the next few weeks then what does each one represent percentage wise for a qualifying $5.00 Nasdaq share price . Especially since XTI will not be in production until some time in 2027. XERI is saying they are going to uplist by the end of the year. Yes, I think the XTI merger is great and will be tremendously successful down the road, I just don't think the XTI merger will have much effect on the share price from now till the end of 2022. I don't think the market is to excited about this sector at this point, if this happened a year ago the share price would have been on fire. So what gets us to $5.00, some upward move in the share price and a reverse split ? Thanks
Right after that giant invisible comet slams into the Earth. Otherwise, not.
Maybe there was no stock transfer of XTI stock to XERI following the JV's completion because they are "in the process of extending the relationship to create a world-class aviation company" (ie, the merger) and any such transfer would be totally unnecessary!
And to ignore the revenue impact of that massive African real estate development deal on XERI's revenue projections is absurd!!! That revenue -- together with XTI's pre-sales -- should clearly qualify XERI for an uplist to NASDAQ!
Duffy has had multiple opportunities to prove himself. This was just one of many that he failed to deliver on. Do you really think it's all going to come together in the next 80 days. They will try to put a good spin on the 10-K if they can. I'm interested to see how they say the XTI JV was funded in a audited filing. Auctus is in charge and dictating when this comes to an end. They will give Duffy more only to make double back off the investor. End coming SOON.
TIC TOC
How anyone could interpret that strong closing surge as an indication that the SP would drop below .05 next week is beyond me! And to doubt that the 10-K will have positive information after the recent news about the impending XTI merger and the massive African real estate deal for the Movychem JV is both illogical & counter-intuitive!
I'm looking for the bounce to continue Monday morning -- and can't wait for that 10-K!
This is what is so disappointing. Duffy had a chance to get rid of all you doubters on Aug 3 but he F’d up and laid an egg. I hope he gets it right this time and then all of you can go away.
Agree that Auctus note has extended the maturity date until Nov 1st which is just 80 days away. Still NO revenue in sight to settle. Still have to complete merger and UPLIST by then or face default and penalties. The merger may happen but the uplist is out of reach. Next filing will be end of Sep. so with extension mid Nov. Just long enough for more stall and distraction until then.
I agree now that some how the XTI JV will be extended since there has been NO XTI stock transferred to XERI yet. It was to be fully funded by end of May but was NOT. If it was completed why no stock transfer?
I doubt if we see any start of payment towards the MC JV. I only see where the 25000 is to be paid over a per 24 month period but doesn't specify when that starts. Duffy will take debt that will NET at least 3 mil as he stated was needed. That means like the other Auctus note that netted 5.1 mil on a 6 mil note it will take more.
I do believe that XTI is 100% involved in this SCAM now. A 10 year old company that still has not produced 1 test flight. They are so far behind in development with a projected 2027 date for market. To think that some POS like XERI can match the capital that is funding more advancements in this field are foolish. Plus that XERI for 100 mil gets a company that has 3 billion in presales. Thinking XERI could come up with 100 mil is a stretch. OH boy and they don't have any revenue either.
The CHERRY on top now is the MC JV that will give XERI patent rights for Rectacell. For less than 3 mil XERI will have a product poised to revolutionize a 5 trillion dollar industry.
Duffy laid the ground work for more debt. I have said he would get it. I did think this was close to ending and Auctus putting the nail in it. So now I will wait with who ever is left to see if this STORY'S end is in 80 days.
So do you still think you will get to vote on the company doing a RS?
TIC TOC
Duffy and Defutis, how about less mousse and more action!
10-K will state $5.5M paid to XTI.
Auctus Note extended.
Lawsuit dismissed. (may or may not say Halo is 100% Randall's)
JV with Movychem, with $25K being paid monthly, and still four months or so to finance $3M+ in order to close the Movychem JV with a $2M payment.
I don't expect terrible or new drastic news otherwise.
What else do you expect to see in the 10-K that would upset confidence further, drive longs to sell and drive the XERI share price down, as you contend?
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You can find that here on IHUB at detailed quotes under trades
B/S= 1168064 / 1102072 and 105938 under ? volume.
More volume next week. Can it stay above .05 until the 10-K comes out because I doubt if it holds after it comes out. Don't expect it to get much better here
TIC TOC
Sub-penny coming next week!!!!
Well come on meitze! Get your butt in here and post EVERYDAY!
Amazing, thank goodness something to be happy about here. Let's hope it continues into next week.
As per usual, as soon as I post a negative comment the volume explodes and the SP moves up. Not complaining. Hoping it's a precursor to an explosion.
Nice end to the trading day! I guess not everyone thinks XERI is a scam!
2,376,074 traded today. anyone know buy sell ratio?
The Insiders know what's coming. XERI/XTI/RETACELL LONG.
052 x 064 nice come back.
XERI may be down 50%, however, I am purchasing at these prices. My average price per share is fine right where it's at. XERI/XTI/RETACELL LONG.
T-minus negative 9 days. XERI down 50%!
Nice work!
What do you think the uplist reverse split will be, 1:20, maybe 1:100 ?
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edit: end-of-day pop, now down just 33% since the fake press conference.
Many "no fear" battles didn't end well. Pretty sure those kamikaze pilots also had "no fear" after they launched from aircraft carriers with only a one way trip worth of fuel.
I have "NO FEAR". I have no problem buying the dips. If I was afraid, I would quit the stock market, and go collect baseball cards, bobble heads, or something safe, but, less profitable. XERI/XTI/RETACELL LONG.
The XTI merger will definitely be a big positive. How anyone could not see that is beyond me!
As suggested before, and as good as the things the company has been doing are up to this point (I think the Retacell has enormous potential...like really BIG, and should not be glossed over as it may relate to long-term valuation), these items, as is, won't tick the boxes necessary to Uplist to the Nasdaq without a reverse. Which, quite simply means that the R/S is anticipated as the pathway for the Uplist (previously stated, not a good plan, still financing options may be inherently better at that level), OR there is more to come that will make that happen in an organic fashion. Given that a fair amount of time has passed by now, and as Quester likes to point out, there is a tic toc aspect to at least this part of the story, it does seem dubious that the might of a powerful acquisition between then and now will get all of this accomplished. So there is that. On the other hand, IF the XTI Merger happens we could see the R/S be much less significant that it appears it would be right now. IF, there is something big coming that has been suggested for quite some time, then we may all be joyously surprised and happy we "kept the faith"... Stranger things...I suppose. This undercurrent could be real. What we know is that the management is relatively tight-lipped about what they are doing, so it seems much could be possible. Not the least of which, is a failed attempt to complete things that have been alluded to for the last couple years. Shareholder confidence does seem to be waning... However, I am still LONG on this stock. Go Xeriant! Prove me right on this gamble.
GLTA IMHO
DING DING DING...WE HAVE A WINNER. Maybe open your eyes and see it for what it is. SCAM...
That is how trading works...or you can exit the stock completely, because you think it is a scam enterprise which allows you to move on to another more profitable and enticing opportunity. I certainly encourage anyone who feels this way to go stage left. Or, if you can afford and still believe in the company...Buy the dips.
IMHO GLTA
Pure Bullshit: "XERI should be able to establish a strong enough valuation to warrant a successful uplist to NASDAQ -- which will get it away from the MMs."
Ah, so by November 1st, 2022, the XERI per share price will rise to above $4 per share therefore high enough to reach NASDAQ new listing eligibility. Nice. Thanks for the BULLSHIT UPDATE!
This a result of the: "...$3 billion in pre-sales already booked for the TriFan, and $100+ million from just the first sale of those Retacell composite building panels..."
Does anyone give credibility to this BULLSHIT any longer?
Do they?
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And, "Obviously..." The "IR folks" are terrible. "IR Folks" is Duffy and crew independently consulting Xeriant mngt, which is themselves. If as you contend (which is BULLSHIT), they could have just cancelled the press conference or put it off another three months, if anything they say is even legit.
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I'm not SP. But, correct. Even with merger still has ZERO value and HIGHLY speculative binary risk. W/O PROPER significant investments from outside sources it won't be able to ever get developed, NM fly.
XTI CAN'T spend ANY $ from ANY deposit...
SP, If they were to announce the XTI merger todaywhat do you think the share price would hit ? I believe it would have little effect, just look at the prices of Joby, Lillium, etc.
Do you realize the value of an EMPTY refundable soda can at 5 cents has more value than 1 share of XERI @ .0480.
LOL..."OBVIOUS"??? NOT according to ANY comments I heard by either. IN FACT it's completely the OPPOSITE as NO deals are being made
You said next week yesterday does that still hold true? Like Monday?
See my post below.
No doubt the IR folks got ahead of themselves by committing to that Aug. 3rd "air date" a bit too soon -- but it's obvious that 1) XERI and XTI are "expanding the relationship to create a "world-class aviation company" (as per XTI's new CEO) via a merger (as per XERI's CEO) and 2) that the Movychem JV is going to generate a lot more revenue (and much faster) than they were (and are) being given credit for...
That said, with a $3 billion in pre-sales already booked for the TriFan, and $100+ million from just the first sale of those Retacell composite building panels,
XERI should be able to establish a strong enough valuation to warrant a successful uplist to NASDAQ -- which will get it away from the MMs. Once people hear that the XTI merger is for real and details of the deal with that massive African construction project become clearer, the picture should definitely improve.
Like I've said, the upcoming SEC filings should clarify things considerably.
What could possibly be in that next round of SEC filings that can change this? It's disgusting to watch.
MEITZ, I don't think retail investors are selling. I think it's bigger than that, who ever it is they don't give 2 cents about the retail side.
The PPS will come back, going to be a lot of resistance thanks to this current selling event. If any insiders are selling it will completely undermine the little trust that's left.
Meitz, this's far from being done, the current PPS isn't reassuring. The canned press conference was pathetic as was Duffy appearance at the XTI press conference in Colorado. These guys are like used car salesman acting in their own advertisement.
Hate to say it because I have been a proponent of XERI for a while, but it's toast. Going under .05 was the straw. I can't see this recovering now that the MM's have created so much doubt that people are selling for under .05. Holding my shares, but fully expect to hold indefinetly at this point. What a shame for all of those who actually thought this would become something.
That video PC showed a lack of care or ability. Had some new info, but ultimately all talk. Where is the LOI with NNC? Even if XERI is actually doing some of what they say, they are going about in such a poor way. MM's latching onto the incompetence which is resulting in XERI's pps stuck in quicksand with little hope of a lifeline. GLTA.
If true, The HALO can now officially be labeled the first lie. All that slick marketing, all that "we have the patent".
Ugh...
There's hell to pay for people that intentionally wrong others.
That 10 K better have some miracles in it.
The Halo was a interesting concept, maybe someday it will be developed. Goodluck Randal!
Looks like Russell Randall was never delivered his shares of xeri preferred, in exchange for Halo.
Xeriant v. Randall with counter claim has been dismissed, due to both parties doing nothing for long enough.
Halo goes back to Randall.
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DOING NOTHING on behalf of the company is DOING NOTHING for the retail investor.
Mask I agree, I wonder why all these advisors were given millions of shares.
They all have impressive resumes and I 'assume' impressive contacts. If they're not contributing get rid of them and return the shares.
XERIANT used to have promo ads on IHub. What happened to those? They also haven't tweeted since June 27 and it's been 2 months since their last LinkedIn post.
Come on people! Put those advisory directors with their hundreds of thousands of shares in an office at Research Park, give them a desk, a chair and a computer and get them tweeting and posting and shilling on behalf of the company.
DOING NOTHING on behalf of the company is DOING NOTHING for the retail investor. To the public, except for "The Show" it appears that they have quit and that PISSES ME OFF.
Just floating down the river to the cliff and the waterfall...
.03 or less coming soon to this SCAM!
Don't forget, XTI's team has had over 40 aircraft certified, so they're not exactly new to taking a concept through to commercialization. Which is one of the reasons why they've already taken pre-orders for 300+ aircraft worth over $3 billion -- with half of that coming since the JV was announced.
The Three-year delay has not been explained. This has to be top priority of Duffy to the market and shareholders.
XERI/XTI better make sure those orders and deposits include provisions for cost increases for prices and materials. That 2027 TriFAN is gonna cost 5 times more to build than today.
And...if I was ordering one, I wouldn't give a company that hasn't done anything a DIME for a deposit until they're FAA approved, built and tested.
Going way out on a limb there to think they'll have all this deposit money. This isn't the 2020 version of "the brand new kid on the block XERI" where they can get away with the "we're gonna, by golly!!" They have a 2 year track record of nothingness, acquiring debt and selling shares by the bushel to pay for it.
Eyes wide open and my money is on fire.
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