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Read XTI's 2023 news. An answer is there.
Call them.
Don't fluffy-out.
.
Stock, that foot note is inflammatory, what's that all about, more speculation or is XERI NAMED in some SEC complaint?
Duffy needed a new flying machine after losing HALO.
He 'went shopping', found XTI Aircraft that was already attempting to raise money, so Desperate Duffy went to a loan shark to borrow $6M. Auctus wouldn't give him $10M.
Now the SEC is interested.
Considering the PDR, why would they go thru the cash hiring 32 people to complete that task? There's no questions that need to be answered about the legitimacy of XTI. DUFFY owes us a progress report in regards to it's current status.
Correct! XTI badly needed the cash for the TriFan 600 to proceed through the FAA's critical PDR (Preliminary Design Review) and XERI was only one that appreciated their vision AND was able to provide the necessary funding -- initially through its F&F investors and then via that infamous convertible note with Auctus.
I would like to know the development status of XTI's TF600, I would think that's the very least we should be afforded. The investment by our public company and the AUCTUS heartburn that followed has been stressful. Has our toxic 10% been worth it, why does this info have to be a secret?
I didn't find anything suspicious about XERI investing in XTI. The cash infusion was badly needed by XTI.
A "smart" person actually would believe they could buy their way into a legit evtol company for a measly 6m....
All the SAME BS and excuses for their failures.
They probably also think AND blame Movychem for the "default" despite NOT having the 2m to pay them...JOKE
Yup, that's i'm used to from the 'DOW'-chipper. Speculation.
Others rely upon SEC filings, PRs, etc., and find all the conflicting and non-sensicals, where the 'DOW-chip' and 'smart' speculation paint some bullsh't and call anything else conspiracy.
Tiring the ongoing concern, about Duffy, about Xeriant, about XTI Aircraft, about yada yada, and then... the immense hope and optimistic outlook.
It's like an insider with a conscience not self sure if said insider is having a close touching connection moment or still just punking retail with positive promotion.
.
NOT just "speculation". SEC filings and share structure updates confirm what I just said.
As usual it's all specilation.
The ONLY shares currently being DILUTED are those "INSIDERS" that are selling. Those ARE the ones that got "restricted" shares for pennies on the dollar. EVENTUALLY, they DO get sold before the "SHIT" hits the fan. I'm pretty sure NOT 1 share was sold by any of those notes owed to auctus as NO SEC filings show any of those....YET!!!
Good faith lending practices don't allow shorting a stocks price down. It's obvious to me this has been taking place, no words from Duffy in this regard is also concerning.
I'M NOT DEFENDING auctus. I THINK they're JUST AS MUCH OF SCUMBAGS AS THOSE RUNNING THIS SCAM. I REALLY DON'T GIVE 2 SHITS EITHER WAY. FACT IS auctus SHAREHOLDERS ARE PROTECTED AND THEY(TOXIC LENDERS) HAVE THE BEST LAWYERS AND ACTUALLY KNOW WHAT THEY'RE DOING....
ALL THIS BULLSHIT SOLIDIFIES EXACTLY HOW MUCH OS A POS SCAM THIS IS RUN BY LYING GRIFTERS....
STILL HAVEN'T FIGURED OUT WHY THE LOAN WAS WRITTEN THE WAY IT WAS WITH SPECIFIC STIPS???
COME ON man...THOUGHT YOU WERE "SMARTER" THAN THAT????
LOLOLOLOL...YEP, DEFINITELY does NOT change the SCAM in progress. There is NO getting out of a TOXIC loan. I'm 10000000% SURE they in FACT are in cahoots with auctus. Otherwise they would have NEVER got 6m in the first place. ONLY NAIVE RETAIL LOSES AND GET SCAMMED BY ALL THE LYING GRIFTERS....
I'll go EVEN futher and say that 6m DIDN'T all go to some BULLSHIT cad drawing either. So, xti IS MOST DEFINITELY INVOLVED....
A "smarter" person would probably call that an "international conspiracy" though...
WHAT A JOKE!!!
Correction: An even better position. XERI... $$$$$$$$.. LONG!!
I remember 2 of the early advisors had CIA backgrounds. So here's some fodder for all the BS'ers. I see that this 2021 date corresponds with when the loan was given to XERI. Maybe Duffy is undercover for the SEC. LOL. For his work the SEC will allow him to keep the 6 mil. Hell maybe Duffy is an International Man of Mystery. ??
Yeah, Duffy went to a loan-shark to raise $6M.
Duffy is a bullshitter and is a lame CEO.
It looks like XERI is in a even better position. XERI... $$$$$$$$.. LONG!!
Kill, for the sake of many, including myself, I believe you're wrong. Auctus is akin to a loan shark, the gigs up.
Oh, really? Check into the SEC's past history prosecuting unregistered dealers holding convertible notes.
you're DILUTIONAL IF you REALLY THINK xeri IS "OFF THE HOOK" FOR ANY AMOUNT OF THAT 6M LOAN...
AUCTUS CAN AND WILL GET ALL xeri ASSESTS AND SHARES TO RETRIEVE THEIR $...
I expect XERI to get wind in their sails, as long as the seller backs the F off.
I'm elated AUCTUS is under I nvestigation, 2 men named in the complaint have ruined people's lives without a second thought.
FBI I did say I don't think that's the case, I pointed out the consequence should someone be that stupid.
You should not be insinuating corruption like like that unless you have proof. The goal should be to get the stock up to its true value with or without Auctus nonsense
Once the SEC gets involved, they'll probably have the legal authority to look under every rock for wrong-doing. If Auctus was involved in shorting XERI, that will come out -- as will any collusion by insiders, etc. Conspiracy theorists could be in for a major disappointment.
If anyone on the inside of XERI is involved, it will come out. They will be fined, barred from public companies and disgorgement of I'll gotten gains. I don't think that is the case, but in this day in age where money seems to create crooks, who knows for sure.
Companies that owe Auctus $$$ 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
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