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Oh, really? Check into the SEC's past history prosecuting unregistered dealers holding convertible notes.
you're DILUTIONAL IF you REALLY THINK xeri IS "OFF THE HOOK" FOR ANY AMOUNT OF THAT 6M LOAN...
AUCTUS CAN AND WILL GET ALL xeri ASSESTS AND SHARES TO RETRIEVE THEIR $...
I expect XERI to get wind in their sails, as long as the seller backs the F off.
I'm elated AUCTUS is under I nvestigation, 2 men named in the complaint have ruined people's lives without a second thought.
FBI I did say I don't think that's the case, I pointed out the consequence should someone be that stupid.
You should not be insinuating corruption like like that unless you have proof. The goal should be to get the stock up to its true value with or without Auctus nonsense
Once the SEC gets involved, they'll probably have the legal authority to look under every rock for wrong-doing. If Auctus was involved in shorting XERI, that will come out -- as will any collusion by insiders, etc. Conspiracy theorists could be in for a major disappointment.
If anyone on the inside of XERI is involved, it will come out. They will be fined, barred from public companies and disgorgement of I'll gotten gains. I don't think that is the case, but in this day in age where money seems to create crooks, who knows for sure.
Companies that owe Auctus $$$ and stock via an invalid convertible note (or any other vehicle that Auctus is using illegally) are probably off the hook for now -- and should the SEC prevail (which it probably will, based on the charges), then their debts will be wiped clean!
Sounds like this toxic lender just got an overdose of its own medicine!
That's the way I read the SEC complaint, it's no longer business as usual for AUCTUS. It's refreshing to see the SEC step up to these toxic lenders, we're the victims.
That sounds like a cover
We were handed a gift this morning and it looks like Duffies are going to stick it in our Azzez.
Looks like the 100k seller is still at it, who is it. No help from Duffy in sight, pathetic.
I disagree, Auctus is in idle, if they make any moves it will be even more damning.
Typical Duffy, no news on this event. No news no upward movement. I hope Defudis isn't lining up a shit load of sells.
This is a bump in the road for Auctus. I don't think much will change. Xeri is still under their thunb. Do you know how long it'll take for anything to be settled in this case against Auctus.....probably years. Until then biz as usual for them.
This is a huge win but will they capitalize on this opportunity. Where are all the buyers now that Auctus is not relevant.
I'm coming to that realization, the relevancy is where does Xeri start and end with this development. Duffy needs to get off his ass and be proactive and I don't want double talk about lawyers.
Sometimes best to cut your loses before losing EVERYTHING...
Is it just me or do others believe this SEC AUCTUS event warrants a press release from XERI. I don't want another missed opportunity to fade into the sunset.
Maxim is the one that introduced Auctus to DEFUDIS, not happy about that!
There are other forces at play here
Lol, sure we will.
The toxic lender and the death spiral financing is ended! We go up from here, the sky's the limit.
GOD WORKS IN MYSTERIOUS WAYS$$$$
I'm assuming anymore sells will not be AUCTUS!
Does this mean we/Exeriant is dept forgiveness and all the warrants are not going to be exercised at any price.
BEST NEWS IN 2 YEARS$$$$$
Auctus Fund Management, LLC, Louis Posner, and Alfred Sollami, No. 1:23-cv-11233-AK (D. Mass. filed June 1, 2023)
Litigation Release No. 25741 / June 1, 2023
SEC Charges Massachusetts-Based Firm and Its Co-Owners with Acting as Unregistered Securities Dealers
The Securities and Exchange Commission (the "SEC") today announced charges against Auctus Fund Management, LLC ("Auctus Management") and its co-owners Alfred Sollami of Brookline, Massachusetts and Louis Posner of Mansfield, Massachusetts, for failing to register as securities dealers with the SEC. Auctus Management, Sollami, and Posner allegedly bought and sold billions of newly-issued shares of microcap securities through their fund Auctus Fund, LLC ("Auctus Fund"), generating millions of dollars in profit, without registering as dealers or associating with a registered dealer, as required by the federal securities laws.
The SEC's complaint, filed in federal district court in Boston, Massachusetts, alleges that from 2013 through 2021, Auctus Management, Sollami, and Posner engaged in the business of purchasing convertible notes and associated warrants from microcap issuers, converting the notes into shares of stock at a large discount from the market price, and selling those newly issued shares into the market at a significant profit. Auctus Management, Sollami, and Posner allegedly purchased through Auctus Fund notes from more than 150 separate issuers and sold more than 60 billion shares of newly issued stock into the market, generating profits of over $100 million. As alleged, Auctus Management, Sollami, and Posner failed to register as securities dealers with the SEC or associate themselves with a registered dealer, in violation of the mandatory registration provisions of the federal securities laws. By failing to register, Auctus Management, Sollami, and Posner avoided certain legal obligations for securities dealers that govern their conduct in the marketplace and protect the investing public, including regulatory inspections and oversight, financial responsibility requirements, and maintaining books and records.
The SEC's complaint charges Auctus Management, Sollami, and Posner with violating Sections 15(a)(1) and 20(b) of the Securities Exchange Act of 1934. The SEC seeks permanent injunctions, disgorgement of ill-gotten gains plus prejudgment interest, civil penalties, and penny stock bars, and other equitable relief. The complaint also names as a relief defendant Auctus Fund, and seeks disgorgement from Auctus Fund of ill-gotten gains from Auctus Management, Sollami, and Posner's violations.
The SEC's case is being handled by Michael Franck, David Scheffler, Rua Kelly, Michael Moran, Mark Albers, and Amy Gwiazda of the Boston
SEC files charges against Auctus! https://www.sec.gov/litigation/litreleases/2023/lr25741.htm
TOO BAD "God" DIDN'T WARN YOU ABOUT HOW LYING GRIFTERS SCAM NAIVE RETAIL...
they'll NEVER do ANYTHING as they're BROKE
OMG! -- It's an international conspiracy!
What part of "for the Love of money is the root of all evil". Maybe ask him just to make you a better person.
Awhile back, I asked God to help me, and give me a sign, whether to purchase XERI shares, or not. He answered in my thoughts, the price is low, and affordable. What am I waiting for. XERI... $$$$$$$$.. LONG!!
It was meant to be facetious.
That understanding is off-base, self-deceptive, delusional, incorrect, false, misleading, and just plain silly. From Xeriant Duffy pays himself salary, expenses, contractor fees, stock options, originally owned stock up 10X, riding and based upon Duffy's insider dealing false and misleading stories.
Bluechip bullshit might be a good investment, in particular for inside buddies like 1988 skanks. Maybe add bluechip bullshit to the DOW.
Are you serious????? Was it not pointed out that Duffy gets a salory from XERI and ALSO get paid through his consulting firm to be an advisor yearly??? Hell he even gave himself raises over the years. FOR WHAT??????? LOL
TIC TOC
WRONG!!! Frist off I have been playing in the OTC swamp for more than 25 years. I can tell you if it walks like a duck and quacks like a duct IT IS A DUCK. I have stayed here for over 2 years after I started having questions that were answered with BS.
I'm glad you have communicated with GOD about what he wants me to do here because I have prayed a lot over this. Maybe someday he will want me to listen to you instead of following MY feeling that Duffy and Crew are out to SCAM PPL. Some will do whatever it takes to gain wealth. You seem to have a inner voice telling you to continue on your committed path.
1 Timothy 6:10- For the love of money is the root of all EVIL
I have said before I'm not here for those longs, they made their choice. I'm warning new investors what a SCAM XERI is that's all.
TIC TOC
Q probably thanks God he DUMPED this POS SCAM when he did. Instead of HOLD GARBAGE like some "smart" person that thought is wasn't JUST A POS SCAM DOES...LOLOLOLOL
Yet, instead of being thankful for the life-changing riches you've received from XERI, you've decided that they are unquestionably corrupt. God sure works in mysterious ways.
Anytime you make the kind of profits I did it's more like a blessing from God than luck. It changed my family's life.
Then prepared to be surprised! And I recall that your investment in XERI was a lucky accident, since BANJ was saved from bankruptcy by Duffy & Company's reverse merger.
Air Force selects Colorado as permanent location for more Space Force missions. Maybe they can rent or buy XTI's BUILDING.
Stock. rest assured Duffy hasn't take a dime since all of us have lost our asses, he must be suffering like the rest of us. He probably had his phone turned off for lack of funds. We all suffer together, it's the pink shit way.
Congrats. Already down 15% as continued LONG UNDERWATER.
I understand about getting in early. That applies to most investments be it stocks, real-estate development, or new business to market. Remember I was a front loader here with close to 3 million shares with some purchased in the trips. I will be surprised if XERI last till the EOY let alone until XTI gets the TF600 off the ground
TIC TOC.
I saw the PPS this morning and figured it was a fake out, sure enough the stealthy persistent seller capitalizes. At least we know per the AUCTUS agreement it's not DEFUDIS.
ALL BAG HOLDERS AS IT'S AT 3 YEAR LOWS...
You won't be the only one. In fact, most people who bought (and still hold) $25,000 worth of shares in XERI over the past few years will probably see their investment be worth over $1 million within 2 years -- as long as XERI (with TMF's help) can produce NexBoards at industrial-scale. Everything else they do will just be icing on the cake!
I will become one of the Xerillionaires. XERI... $$$$$$$$.. LONG!!
That $500 shows much faith...ONLY, THIS POS SCAM WILL BE BACK UNDER .01 VERY SOON
I just purchased another 18,486 shares, at 0.0264. XERI... $$$$$$$$.. LONG!!
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