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That would be a nightmare to AUCTUS and a miracle for XERIANT share holders.
XERI is probably thrilled the SEC is looking into Auctus, since it may not only wipe their debt clean but it might finally reveal whether Auctus has been leveraging its XERI warrants to short their stock!
We all have a degree of frustration, in retrospect it's very easy to play the Monday morning quarterback.
Of course iXERI isn't being named in any SEC complaint! Unfortunately, that kind of baseless accusation is par for the course around here.
LOLOLOLOL....CALLING auctus THIEVES IS LIKE THE POT CALLING THE KETTLE BLACK.
THIS POS IS NOTHING AND HAS NEVER BEEN ANYTHING BUT LYING GRIFTERS SCAMMING NAIVE RETAIL....
AND THE "STORY" ENDS WITH SEC DELISTING IT AND LOCKING UP ALL THE BAD ACTORS.
WHY WOULD xeri EVEN BORROW $ FROM KNOWN "THIEVES", UNLESS IT'S JUST ALL PART OF THE SCAM...
No, they will be looking at the predatory lending practice, by the time this SEC investigation is over, AUCTUS will be out of business. I'm guessing that AUCTUS had already sold millions of XERI's stock, like they've done with 100 other companies. Auctus is all about filling their pockets as fast as they can, they're thieves. END OF STORY!
You REALLY don't think SEC will be CLOSELY looking at ALL the SCAM companies associated with auctus???
OF COURSE THEY WILL
WHY NOT TRUE??? OBVIOUS SCAMS LIKE THIS EVENTUALLY GET BUSTED...
Kill, that is positively not true, if you want to ward people off that's not the way. you.
You can bet your bottom dollar SEC is MOST DEFINITELY going to DELIST these LYING GRIFTERS.
like maynerd t. crebbs.
Duffy is hiding, he's a p*$$y. General Holt aligned with a dead-beat. If only Duffy were cool like a beat-nick.
Getting Duffy to UPDATE, INFORM, EXPLAIN, is the same as getting a ride on the brand new XTI PIG WITH WINGS
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.
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