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"PLAIN" IS A VERY GOOD ADJECTIVE TO DESCRIBE THIS POS SCAM. LOOKS LIKE TRADERS KNOW FULL WELL JUST HOW "PLAIN" THIS POS SCAM IS EVIDENT BY THE SHARE PRICE...
Look at that .02 getting hit....EVERYONE TRYING TO GET ALL OUT OF THIS POS SCAM RUN BY LYING GRIFTERS
All in! XERI... $$$$$$$$.. LONG!!
Gonna be ALL OUT of $ when this POS SCAM gets DELISTED....
Good morning. I am all in! XERI... $$$$$$$$.. LONG!!
That's right. Heart stopped is the Xeriant default. Dead is Xeriant if/when Auctus collects. As result of the first condition.
"There's a big difference between a borrower being technically considered in default and actually being DECLARED in default via a formal notice / judgement. (It's like the difference between having your heart stopped by doctors for a few seconds during cardiac surgery and actually being declared dead.)"
A worthy idea, Xeriant's likely return on its XTI investment.
"XERI has repeatedly informed us that they have been in continuing and active negotiations with Auctus regarding the loan -- which was primarily used to fund XTI's development of the TriFan 600. In the interim, "pre-sales" of the TriFan exceeded $7 BILLION. In effect, those pre-sales are a form of collateral that demonstrate XERI is looking at a handsome return on its investment in XTI."
Oh, ok. So now, Auctus would send a notice of default even though they are in negotiations with Xeriant?
It's like one idea is making up the mind of the other idea doing the same to another or the same idea. Ya get one big Fukd up idea.
"If Auctus was really concerned about XERI defaulting on the loan, they would have sent XERI a notice of default and XERI would have had to inform the public of such a notice in its SEC filing(s)."
.
So says the person who can't interpret plain English in a 10-Q.
There's a big difference between a borrower being technically considered in default and actually being DECLARED in default via a formal notice / judgement. (It's like the difference between having your heart stopped by doctors for a few seconds during cardiac surgery and actually being declared dead.)
XERI has repeatedly informed us that they have been in continuing and active negotiations with Auctus regarding the loan -- which was primarily used to fund XTI's development of the TriFan 600. In the interim, "pre-sales" of the TriFan exceeded $7 BILLION. In effect, those pre-sales are a form of collateral that demonstrate XERI is looking at a handsome return on its investment in XTI.
If Auctus was really concerned about XERI defaulting on the loan, they would have sent XERI a notice of default and XERI would have had to inform the public of such a notice in its SEC filing(s).
IF XERI was ever a legit company Duffy would have NEVER had to deal with AUCTUS, a known TOXIC LENDER, Now in DEFAULT he is danger of giving up his company.
LOLOLOLOLOLOL
WARNING UP
TIC TOC
IF XERI was ever a legit company Duffy would have NEVER had to deal with AUCTUS, a known TOXIC LENDER, Now he is danger of giving up his company.
LOLOLOLOLOLOL
WARNING UP
TIC TOC
You'd have better luck calling CLEO and have her tell you how BAD XERI's future is.
Duffy & Crew
RUNNING A SCAM
TIC TOC
Yes, read the filings -- and the press releases. And then ask yourself: What's the chance that TMF, XTI, NNC and XERI are all involved in an international conspiracy to defraud a handful of investors? Or is it more likely that it simply takes a long time to work out all the details of complex deals in a screwed-up global economic environment?
Why not call the CEO of NNC again and ask him if the $250 million African housing project is real -- and if TMF and XERI are legit?
Xeri does this all the time. Starts something, but there's always a reason it never finishes. The list is long and at this point they are not only stringing investors along, but now they're stringing Auctus along. Default now. How can any investor be ok with this? Smarty, what's going on here? No filings or pr's about NNC since last September. XTI seems to be fading away, Movychem is pretty much out of the picture. Now what? Auctus default, and the new string for investors to follow is TMF. Soon to fade away with the rest I'm sure. Terrible!!
NO 4 YEAR OLD SCAM IN DEFAULT to a toxic lender (Auctus).
READ FILINGS!!!!!!
YOU WERE WARNED
TIC TOC
SURE BET THAT DEFAULT DIDN'T SURPRISED ANYONE....BUT YOU
LOLOLOLOL
IT'S QUITE CLEAR THESE LYING GRIFTERS WON'T EVER MAKE GOOD ON ANYTHING.
Hey FBI, I have read your posts from another board and I respect your opinion. What is your take of Xeri? Does it really have what it takes?
Oh really? That will come as a surprise to TMF and NNC, both of whom seem pretty convinced that the 35,000-home African project is very real.
TOTAL BULLSHIT AS USUAL. THERE IS NO $250m DEAL....
Movychem helped Xeriant ileverage a major opportunity in the massive Green Building Materials market but, when push came to shove, Movychem literally couldn't deliver the goods. Ultimately, the $422,975 they received will be a small fraction of the funds XERI will generate from NexBoards. And, by the way, who's to say XERIANT is replacing Retacell with an "off-the-shelf" fire retardant? In fact, who's to say they still aren't planning to use Retacell -- but will be using TMF to oversee the production process
This gives me at least a little more time to purchase shares. XERI... $$$$$$$$.. LONG!!
LOLOL Funny interpretation when you say MovyChem doesn't get jackshit because they have already gotten more from the JV than XERI ever did. All MovyChem was to donate to the JV was the Patent rights in order for XERI to use for what ever they could DREAM UP. XERI NERVER fully funded the JV so they get JACKSHIT and are force to find an off the shelf product to replace the world changing Retacell. In the mean time XERI paid $422975 to MovyChem. So it would seem MC are the ones who came out ahead.
As of March 31, 2023, and June 30, 2022, the Company contributed $307,619 and $115,356 to the joint venture, respectively.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793223003889/xeri_10q.htm
YOU WERE WARNED
TIC TOC
Broke...except for the $250 million they'll soon be getting from NNC!
LMAO!!! That is a total misreading of the text! The sentence that starts out with: "Assuming that Movychem has fulfilled its obligations..." doesn't mean that XERI is assuming Movychem is in compliance! It is actually saying "IF Movychem fulfills its obligations, the JV Agreement will grant Movychem the right to...." IN OTHER WORDS, THE OPPOSITE IS EQUALLY TRUE: ie, "if Movychem DOESN'T fulfill its obligations, Movychem doesn't get jacksh*t!"
WRONG! Why should XERI have paid $2 million when Movychem couldn't meet their JV obligations? They would be sued by their investors!!
LOLOLOLOL....TO BAD THEY'RE BROKE AND WILL NEVER DO ANYTHING.
Reading between the lines again. Show where it is cited that MovyChemis the one's who failed to meet agreement obligations? XERI are the one's who failed to meet the $2 mil payment. MovyChem kept giving Duffy extensions even though payments to the JV were MISSED. Duffy is even ASSUMING (not denying) that MovyChem fulfilled it's obligations and have the right to dissolve the JV. PPL who assume make an ass of PPL
Assuming that Movychem has fulfilled its obligations, the Joint Venture Agreement grants to Movychem the right to dissolve the Joint Venture in the event that the Company fails to make any of its capital contributions in which case the Joint Venture will be required to grant back to Movychem all joint venture intellectual property and the assignment to Movychem of any outstanding licenses. Additionally, the Services Agreement will be amended to provide that the 40% of royalties to be paid by to the Company will be limited to licensees who were first introduced to the Joint Venture or Movychem, as the case may be. The Company’s position is that Movychem has not met its obligations under the Joint Venture Agreement and has notified Movychem of same. It is uncertain whether or not the Joint Venture will move forward as it is currently organized
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793223003889/xeri_10q.htm
LAME BS
YOU WERE WARNED
TIC TOC
FYI: The text DID change! This is the first time we see specific language citing Movychem's failure to meet its obligations as per the JV agreement.
The closet I found was in the S-1/A that stated: "After working through Movychem over this period of time and experiencing a number of issues, including supply chain interruptions, mechanical failures, and the general inability to produce an industrial-sized composite wall panels made with Retacell®, we have been in development of an upcycled wallboard panel that can be produced in the United States at industrial scale. This approach will enable us to unlock existing demand indicated by several homebuilders and developers. Industrial production requires the panels to be cut in varying thicknesses and sizes, including standard 48” x 96” sheets, economically and with consistency and efficiency."
XERI's future in green building materials is with NexBoards & TMF, not Movychem!!!
Oops, Xeriant lied to the SEC. Document-after-document-shows-so. Fact!
Here's some memory lane from Xeriant, Inc. Skank in Chief, Keith Duffy:
"DEC 2, 2020 8:05AM EST
BOCA RATON, Fla., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTC PINK: XERI), a new aerospace technology holding company, announced today that it has signed a strategic alliance agreement with PRAGA Avia s.r.o. (“PRAGA”), a dynamic aircraft design, development, production and maintenance company headquartered in Prague, Czech Republic. The purpose of the agreement is to establish a collaboration framework to potentially evaluate, test and integrate new aircraft technologies, design and develop innovative aircraft concepts, build prototypes, manufacture production aircraft, and open up new markets for PRAGA’s aircraft.
“PRAGA’s knowledge and experience will greatly benefit the development of some of the aviation technologies and aircraft that we are currently involved with. Each project will be the subject of a separate agreement with PRAGA, depending on what is required, and I expect this arrangement to become one of the foundational elements of the company,” stated Xeriant CEO, Keith Duffy."
https://www.nasdaq.com/press-release/xeriant-announces-strategic-alliance-with-dynamic-european-aircraft-manufacturer-2020
--------
Figure it out:
Xeriant defaulted on Movychem by Xeriant not raising $3M to pay Movychem $2M.
Then Xeriant, boy calling wolf, just claimed Movychem defaulted.
Fake Fkr Keith "The Skank" Duffy.
Nothing in the Movychem JV required Movychem to manufacture Xeriant's filed patent for Nexboard.
Nothing!
....
Just compare the S-1 to the S-1/A, and to previous 10-K, 10-Qs, 8-Ks, and press releases.
Duffy lying, and looking to get indicted.
.
The info you posted was stated in a previous filing. Nothing has changed.
Movychem and Xeri are done. And Xeri is in default with Auctus. F&F should be disgusted. I'm neither, but it's pretty bad Smarty.
Bluejohn, now how did I know Xeriant is in default before today's 10-Q release?
The Note matured on March 15, 2023 and is considered in default as of March 31, 2023.
Remember time and time over and over we all being falsely informed that because "the Company is involved in ongoing discussions with Auctus regarding the Note" that Xeriant was not in default?
That was a diversion from fact that claimed that all claims of default are conspiracy theory.
"Note matured" is the default.
Discussions to extend the Note does not mean there is or was previously not a default.
No public or legal statement of default by Auctus allays the actual default, as incessant previous numbnut claims misleadingly insisted.
"No assurance can be given that we will reach a successful resolution."
Wasn't Xeriant an aerospace company? Now it stole Movychem IP to become a textile company.
Keith Duffy is a skank.
.
NEXBOARD PATENT APPLICATION & PRODUCTION PLANS AS PER 10-Q:
"On March 31, 2023, we filed a provisional patent application for a method of producing a unique fire-resistant thermoplastic and fiber composite material which may be formed or shaped into various construction products of different thicknesses and dimensions. This green material will be composed primarily of recycled plastic, cardboard and ecofriendly fire-retardant chemicals, including but not limited to use in walls, ceilings, flooring, framing, siding, roofing, molding, and decking, used in construction. Subject to available capital, we are planning to build manufacturing facilities in the United States for the production of NexBoard in order to meet market demand, or alternatively license the technology and process. We have identified potential sites for near-term contract manufacturing, a pilot plant, and larger manufacturing facilities, received bids for specialized manufacturing equipment, developed timetables related to the action plan, and hired a managing director with decades of experience to oversee the projects."
The 10-Q cites Movychem's failure to meet its obligations (ie, provide the necessary production expertise to create NexBoards) as per the JV Agreement: "The Company’s position is that Movychem has not met its obligations under the Joint Venture Agreement and has notified Movychem of same. It is uncertain whether or not the Joint Venture will move forward as it is currently organized."
Good morning. XERI files 10-Q.
10 Q out and says Xeri is considered to be in default of the auctus loan, but is in negotiations to extend it.
2 times previously an 8-K was released days after the DEFAULT date. Now 6 weeks into OFFICIAL DEFAULT despite all the BS denying this FACT!! Now we will have to STILL hear this BS UNOFFICIAL negotiating is ongoing. Give me a break!!! NOTHING Duffy can say or do NOW, time has run OUT. Look for official word that AUCTUS is taking their Pound of FLESH SOON. Remember Duffy can RS this POS at any time!!! That might be his next move.
YOU WERE WARNED
TIC TOC
They're negotiating a solution, sink or swim. Duffy's silence is not appreciated, seems to be a lot of disregard for us.
FINS OUT!!! DEFAULT CONFIRMED...
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001481504/000147793223003889/xeri_10q.htm
For the nine months ended March 31, 2023, the Company recorded $461,482 in amortization of debt discount related to the Auctus note. As of March 31, 2023 and June 30, 2022, the carrying value of the Auctus note was $5,900,000 and $3,936,185, respectively.
The Note matured on March 15, 2023 and is considered in default as of March 31, 2023. The Company is involved in ongoing discussions with Auctus regarding the Note. No assurance can be given that we will reach a successful resolution.
Day after day, no news , same posters saying the same thing
Default: it is so! Wishing it not, the fact, does not change the default.
Facts of default are shown in the 10-K, in the 10-Qs, in the press releases, and in combination.
Fact is not assumption.
Fact is not anything close to a claim, of the fact that Xeriant is in default, that it is "highly subjective."
I think you mean Xeriant has left everyone not knowing but having to reasonably deduce and conclude, based upon and with the information Xeriant has provided, along with Xeriant's action of its failures and Xeriant's abandoned projects and partnerships.
We know Xeriant defaulted on its Movychem JV.
We can see Xeriant altered its S-1,
that on its face appears Xeriant mngt as either currently or previously having lied,
thus acting fraudulently.
We can reasonably conclude Movychem is no longer providing Xeriant and their Ebenberg, LLC JV access to Movychem's Retacell and Movychem's IP.
Next New Concept, Inc. will therefore not be purchasing $130M in Retacell infused products other than Nextboard.
Fact. Deduction. Fact.
.
88 must have ran out if $
Definitely looking like a start to a BAD week. 10-Q is late, 130,000 sells and NOT ONE buy. I would expect everyday Duffy fails to file 10-Q things will only get worse as more realize just what a SCAM this POS is.
YOU HAVE BEEN WARNED
TIC TOC
LOLOLOLOL...DEFINITELY NOTHING FACTUAL ABOUT ANY OF IT.
LOLOLOLOL....JUST LYING GRIFTERS SCAMMING NAIVE RETAIL.
What make this LOI different from all the other Strategic Alliances, LOIs, JVs, or Merger with established companies that Duffy FAILED TO DELIVER ON. FACT
XERI Nanotech Lubricants Produce Initial Sales
Breakthrough Green Anti-Friction Technology seeks to disrupt $55 Billion Industry
XERI Brand Nano-Lubricant Generates Initial Sales in Australia Following Successful Product Test
Xeriant and XTI Aircraft sign LOI to pursue Merger- Which somebody thinks means XERI has $7 bil in pre-order's of TF 600. INSTEAD of the truth that XTI OWNS those pre-orders NOT XERI.
YOU HAVE BEEN WARNED
TIC TOC
That POV conveniently overlooks the fact that TMF Corp is a well-established company with proven expertise in the kind of production method required to produce NexBoard at industrial scale. Furthermore, NNC has already signed an LOI worth $250+ million in revenue -- and a leading US-based home builder has signed an MOU as well.
I agree! How else can the belief that XERI is a viable business let alone a worthy investment. Almost 4 years with multiple FTD's on multiple types of business ventures. 0 revenue, close to 20 mil in debt, multiple defaults, with a TOXIC LENDER poised to take control of 100's of millions of shares to cover $6 mil loan. These are FACTS so the belief must be unsupported and just wishful thinking.
YOU WERE WARNED
TIC TOC
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