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SEC probably told them NO MORE shenanigans.
Big brother is watching you...
Looks like we're in for another week of silence. You can just sense it. These guys have gone dark and it'll probably last for months.
Until XERI is awarded stock from a BS JV they own none of . There has been no judgment to award the stock since you like to talk about judgments
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Good Monday morning. XERI... $$$$$$$$.. LONG!!
LOLOLOLOL....NOT WHEN AUCTUS SEIZES ALL THEIR ASSESTS FOR FAILURE TO PAY LOAN.
Anyone with shares of XERI already owns a piece of XTI!
LOLOLOLOL....TELL THEM WHAT THEY COULD'VE WON...
Don't you wish XTI had stock you could invest in.
YOU HAVE BEEN WARNED
TIC TOC
Seven(7) Billion in Presales, and Reservations. XERI... $$$$$$$$.. LONG!!
I doubt if Autus will wait until 2027 to get their $6 mil when XTI might have a TF 600 ready for flight buy I doubt it since they have as many FTD as XERI. Looks like the price has gone up also to over $10 mil now but by the time (5yrs) they get one in the air that might be up to $15 mil LOL
$7 bil/691= $10.13 mil WOW LOOKS GREAT CAN"T WAIT TO SEE IT LOL
Why does XTI need Duffy/XERI anyway the NEW CFO is quite capable of raising capital.
New Chief Financial Officer, Scott Pomeroy,has over 35 years’ experience in launching new businesses, raising capital, serving as founder and CEO, President, and CFO of several companies. He previously led equity and debt capital raises of more than $10 billion.
We’re now working on our full-scale piloted TriFan and we plan to begin flight tests in 2025 or early 2026. As we ramp up this work, we’re expanding our collaboration with key suppliers and we’ve commenced the process to secure FAA certification. Importantly, we’ve received 691 orders, reservations, and options for the TriFan so far. This represents almost $7 billion in gross revenues upon delivery of those aircraft. The firm orders alone represent full production capacity for the first three years of XTI’s commercial operations.”
https://www.xtiaircraft.com/cm/news/9-press-release/346-xti-aircraft-company-cfo-elected-to-board
Just more baseless BS.
TIC TOC
xeri IS NOTHING BUT A POS SCAM RUN BY LYING GRIFTERS
Once again, subjectively negative assumptions are being made without any knowledge or understanding of the specific matters at hand. Furthermore, it is quite common for confidential terms of business agreements to be redacted from publicly-available materials. XTI has publicly laid out a number of realistic propulsion options that will allow the Tri-Fan to achieve its stated commercialization, performance, and environmental milestones -- with the ultimate goal of being as "green" as possible as soon as possible. How else would they have been able to attract $7 BILLION in pre-sales already?
I'm sure that XTI and XERI understood exactly what the terms of the agreement were. That's why those terms were HIDDEN in the REDACTED EXHIBIT D Business and Budget and NO TERMS explaining what was to be accomplished in Exhibit B (XTI Service Agreement) or Exhibit C ( XERI Service Agreement) or what the funding would pay in order to complete preliminary design.
Which by the way had the new GE catalyst motor in that preliminary design now after the supposed completion of the ( reason not all 410 mil was paid) the design has been changed to using "The TriFan 600 will initially be certified with two reliable turboshaft engines," meaning a design change therefore preliminary design still needs to be done.
BTW there is NO NEWS ON XTI WEBSITE ABOUT ANY XERI/XTI MERGER ONLY XERI'S
Things that make me go HUM?????
https://www.xtiaircraft.com/cm/blog/343-engineering-update-august-2022
YOU HAVE BEEN WARNED
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I'm not the only one who sees it that way. And I'm certain my interpretation will be proven to be far more accurate than one that assumes XERI is incapable of understanding the obvious terms of its own agreement.
LOLOL. What a total bunch of LAME BS
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That is NOT what the JV agreement said! $10 million was at the high end of a spectrum of what XTI anticipated might be needed to complete the project. XERI paid the bills on an "as needed" basis -- and then stopped paying once the Preliminary Design Review was completed -- ahead of schedule and under budget.
BTW I'm fully aware of what is in the agreement. What we don't know is just what is in Exhibit D Business Plan. Can't blame them for redacting that area probably be able to see the SCAM it was.There is nothing in Exhibits B and C are BLANK which means that holds either accountable to do anything. I noticed that 4.3.2 not sure but could be taken that the $9 mil monthly as in $9 mil per 1 month instead of stating to be divided into monthly payments or as budget requires which could show why not all $10 mil was needed.
2.3 Objectives The purpose will be carried out pursuant to the Services Agreement between XTI, Xeri and the JV, attached hereto in Exhibits B and C, specifying the development services to be provided by XTI and/or XERI and the payments to be made by the JV
4.3.1 states A total of $10 mil (Intended Contribution) consisting of the initial sum of $1 mil to be funded immediately upon the execution of this agreement, including the Exhibits.
4.3.2 Additional capital of $9 mil advanced monthly, in advanced, as required in accordance with the Budget attached hereto in Exhibit D (REDACTED)???????????
YOU HAVE BEEN WARNED
TIC TOC
Well then you are still expecting XERI to eventuality acquire some 5+% of XTI stock. Still no need since they will merger some day or provide more funding get real. If so Duffy should have pushed to get what he paid for to give this POS some kind of credit. I don't think that XERI will ever see that happen but Auctus might but I still doubt that. We have been here before about what is in EXHIBIT D Business Plan that is redacted for a reason and I doubt if it was to insure XERI was rewarded for NOT providing the full JV payment like you think unless XTI is just a SCAM also.
YOU HAVE BEEN WARNED ALSO
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Incessant number of times we are provided incorrect, misleading, and false claim that there is no default makes absolutely zero difference to the FACT there are currently two Xeriant defaults, each for the third time too.
It's right there in multiple SEC filings too.
Sorry...
Yes it does. "Nowhere does it say that is a variable amount." Yes it dies say so.
The $10M was for the preliminary design of the TriFan 600, and the preliminary design was completed under budget of $10M. It's not rocket science.
"contributed over a period of less than one year, as required an aircraft development timeline and budget."
.
No Default! XERI... $$$$$$$$.. LONG!!
RIGHT from someone who doesn't know his left from his right. Seems clear there was a $10 mil commitment to be paid with in a year. Nowhere does it say that is a variable amount
The Agreement was effective on June 4, 2021, with an initial deposit of $1 million into the JV. Xeriant’ financial commitment is $10 million, contributed over a period of less than one year, as required an aircraft development timeline and budget.
https://www.sec.gov/Archives/edgar/data/1481504/000147793221003919/xeri_8k.htm
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Oh, please! XERI didn't owe $10 million to XTI!!! They had the option to invest UP TO THAT AMOUNT AS NEEDED to complete the FAA's PDR (Preliminary Design Review). There is no reason to believe the JV won't still be in effect until a merger is completed. And (as cited endlessly here) there has been NO DEFAULT judgement filed by Auctus on their loan.
Remember how certain the NNC housing project would be well underway by June 2023 (just 2 months away), and how Xeriant would be supplying 9 figure deal valuation of Nexboards with Retacell to Next New Concept, Inc.?
Remember?
Any day now...
Exists where? Show us the governmental/SEC filings that describe XERI's plans to develop and commercialize 9-figure initiatives involving Next New Concepts, Inc. Does not exist.
Show us the governmental/SEC filings that describe XERI's plans to develop and commercialize 9-figure initiatives involving Nexboard. Does not exist.
In fact, SEC filings discussing Nexboard all include Retacell, the fire retardant that Xeriant has abandonded to be no longer included in Nexboards.
Xeriant lied! Xeriant did not amend its SEC filings.
Show us the governmental/SEC filings that describe XERI's plans to develop and commercialize 9-figure initiatives involving XTI Aircraft. Does not exist.
What does exist is a to XTI Aircraft $10M commitment, $6M of which borrowed from Auctus Xeriant is in default of.
FACT:
Does not exist = governmental/SEC filings that describe XERI's plans to develop and commercialize 9-figure initiatives.
.
Nothing was forgotten cause there is NOTHING here. No JV has been completed, The $10 mil owed to XTI was never paid in full and XERI has NEVER gotten any XTI stock. Just what LETTER OF INTENT has closed a deal, NONE. SEC filings that show PLANS TO DEVELOP are just that BS so called PLANS that have materialize into NOTHING. XERI has produced nothing but BS and broken dreams. NO REVENUE, OVER $10 mil in debt, IN DEFAULT ON $6 mil TOXIC LOAN.
WARNING NOTHING BUT A SCAM HERE
TIC TOC
What about the conveniently forgotten facts? AKA: The signed agreements (JVs, LOIs), official press releases and governmental / SEC filings that describe XERI's plans to develop and commercialize 9-figure initiatives involving NexBoards, NNC, and XTI
The known facts are 3+ years of nothing but failures. 50 BS PRs that were nothing but FLUFF. DEFAULT on $6 mil TOXIC LOAN with AUCTUS, added 300+ mil to the OS, and DOWN 95% off the high. A crew that has been in other failed short lived OTC companies and won't clarify what is posted on their website. FACT
YOU HAVE BEEN WARNED
TIC TOC
The "known facts" happen to include a lot more positive stuff than many people are giving XERI credit for.
LOLOLOLOL...THAT'S REALLY FUNNY CONSIDERING ALL THE KNOWN FACTS. MAIN ONE BEING THEY'RE BROKE. ALSO, LYING GRIFTERS SOON TO BE CHARGED....
kind of a sour note day, green would be a better.
STILL DREAMING. NEVER HAPPEN!!!!!
YOU HAVE BEEN WARNED
TIC TOC
I wasn't aware that NASDAQ delisted companies with multi-billion dollar market caps -- because that's where I see XERI headed.
WILL get DELISTED "LONG" before you break even. Best cut your losses cause the POS SCAM heading to ZERO...
Duffy has ruined his credibility with 3+ years of nothing but failures. 50 BS PRs that were nothing but FLUFF. DEFAULT on $6 mil TOXIC LOAN with AUCTUS, added 300+ mil to the OS, and DOWN 95% off the high. A crew that has been in other failed short lived OTC companies, won't clarify what is posted on their website. What will it take for PPL to realize this is nothing but a SCAM??????
TIC TOC
Good morning Friday. XERI... $$$$$$$$.. LONG!!
TOTAL OBVIOUS SCAM RUN BY LYING GRIFTERS!
That's understandable, if you assume their silence indicates lack of progress. I happen to believe the NNC and XTI deals are still alive and kicking -- and that XERI's share price is serious buying opportunity.
Credibility? Hmmm? They've not signed 1 deal yet. They've got no follow through, all talk and few results if any. It's really difficult to believe in them anymore, as much as i want to. I'm rooting for them, but they're making it hard to believe anything will ever come to fruition here.
As you know I hit it big with this SCAM. I have had quite a multiple run to copper and a couple to silver but never do what XERI had done in my 25 years of playing with pennies. There is a reason you hear DEAD CAT BOUNCE used in reference with pennies. Most will peak early from the hype and never return to that high. Sad to say I have bags packed from 20 years ago before I learned how the OTC works. Soon you may realize that these POS SCAM companies just disappear along with your money never to be seen again.
YOU HAVE BEEN WARNED
TIC TOC
If that's true, why assume that XERI is a scam? It's difficult enough for a young company to survive on the OTC in this economic environment without having to deal with those accusations undermining its credibility.
You don't invest in the OTC you gamble. If your LUCKY you can hit it big.
TIC TOC
This POS SCAM ISN'T something one would consider an "investment". Especially at this point of DEFAULT, NO $ AND SUCH OBVIOUS SCAM RUN BY LYING GRIFTERS...
Quester, everyone that's putting money in the OTC is well aware of what you keep repeating. SP, said it best: " What_is_investing_without_entrepreneurs_pursuing_their_dreams_and_investors_hoping_to_ share_in_the_wealth_should_those_dreams_come_true?
Bullish
BULLISH"
quester, maybe you have a large following.
So retail investors decided to all get together today and not buy any of this POS. Or maybe MM's put a hold and refused to move any today knowing next week will be better profit to be maid. (LOL) Just show how much this was being manipulated except for 88 saying he's buying this and who knows what that real means. Maybe F&F gave up trying to keep this turd floating.
Finally someone spent $120 LOL.
YOU HAVE BEEN WARNED
TIC TOC
no trades no news, maybe something positively huge is just about ready to happen. Until it happens looks like nothings going to happen.
Lol, ok. Let's just start with a little communication and a signed deal. Then we can dream about building Ukraine back.
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