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The following SEC investigators disagree with you!
The SEC's case is being handled by Michael Franck, David Scheffler, Rua Kelly, Michael Moran, Mark Albers, and Amy Gwiazda of the Boston Regional Office.
Sounds like insider-BULLSHIT. Where'd you get this speech?
"if given a fair deal" ---- ???
Oh, you think Duffy the Fluffy didn't know what he was getting himself and Xeriant into when he signed the Auctus deal for Xeriant and took $6.05 Million dollars?
Yeah, maybe that will fool newbies and those with heart problems and their followers,
Duffy the Fluffy made a $6.05M deal with such ridiculous terms, it is clear that he never intended to meet those terms. Terms of an XTI Aircraft merger and a major exchange uplist, concurrently.
Apparently, Xeriant and Auctus have been in on it together from the get-go. Neither intended Xeriant to fulfill those terms. Default was planned.
I easily see the SEC indicting Keith Duffy. Just he has U.S. military personnel to hide behind, on the Board of the failing Xeriant, Inc.
Skank Bullshit meitze, Skank bullshit!
.
One has to wonder how any objective observer could come to that conclusion.
How can you not see the theft that took place, I guess the SEC should contact you for advice, so much wisdom wasted.
THICK-HEADED BULLSHIT is-back! Xeriant a victim. What BULLSHIT!
Kill, that is definetly some outrageous accusations, especially since the SEC is investigating 150 companies Auctus help tank. That would mean all were conspiring agents with AUCTUS. You should contact the SEC immediately and include your post as evidence to the fact. In the mean time this stock is going to fly because it just got a 6.5 million dollar wind fall.
Good morning Friday. Good news. No Default. XERI... $$$$$$$$.. LONG!!
Funny thinking that the loan wasn't all part of the SCAM and Auctus wasn't in cahoots with xeriant. OF COURSE IT WAS AND THEY WERE...
Hence, SEC WILL SHUT DOWN THIS POS SCAM RUN BY LYING GRIFTERS....
This would definetly null and void any subsequent warrants given to AUCTUS:
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 Regional Office.
It's probably a lot more than just "some" OTC companies. They screwed over 100 penny stocks!
Auctus is the reason some OTC companies have failed. Companies that could have made a difference with their products if given a fair deal. Xeri could have been another victim of Auctus had the SEC not investigated their shady business. Hopefully this helps Xeri get back up on their feet. Nexboards could be a game changing product, so let's see what happens now that the toxic financer is out of the picture. Now would be the perfect time to get a deal signed. I hope Auctus and everyone that had a hand in crushing the dreams of companies and their investors are locked away inside a mountain for the rest of their days.
The SEC's complaint clearly shows how Auctus illegally victimized penny stocks. Why would any objective observer take their side at this point?
Kill, Predatory lending is illegal, being one of the victims of this crime has been painful. Justice is coming, the predators are going to give back what they took. For the victimized retail share holders, the PPS is going to rise, I am looking for that to happen immediately.$$$$$
We have a lot to look forward to, mostly a rise in the share price. It would be nice if DUFYY would weigh in.
LOLOLOLOL....."VICTIMIZED"???
xeri WENT TO AUCTUS FOR $. AUCTUS LOANED THEM 6M. xeri SIGNED A LEGAL AGREEMENT TO MERGE WITH XTI AND UPLIST WITHIN CERTAIN TIME FRAME. THEY FAILED TO MEET THOSE TERMS AND ARE NOW IN DEFAULT. NOW THEY OWE AUCTUS 10M AND THAT'S NEVER GOING TO GO AWAY DESPITE WISHING IT WOULD.
HENCE THIS POS DOES A REVERSE SPLIT AND DILUTES A FEW BILLION SHARES....OR THIS POS SCAM GETS DELISTED BEFORE THEY'RE ABLE TO CONTINUE SCAMMING NAIVE RETAIL....
EITHER WAY INVESTORS LOSE EVERYTHING.
......
Having the Auctus loan wiped out will just the beginning of XERI's lucky streak.
The SEC has better things to do than going after companies that have been victimized by Auctus on the basis of their victimization.
Maybe XERI was in cahoots with Auctus and was scamming itself. That makes as much sense as some of the other conspiracy theories I've heard here.
Maxim seemed to be acting as a "finder" for Auctus and could potentially be liable in some way.
The complaint addresses loans signed through 2021. The warrants were obviously included under the terms of XERI's 2021 loan, so they are -- more likely than not -- covered by the complaint. Assuming otherwise without knowledge of some special exemption is illogical.
How's that thinking been working. One way or another Auctus will STILL be the NAIL in XERI'S COFFIN!!!! Won't be much longer now. Duffy's had a week to address this matter, nothing but crickets. May not even see the upcoming June EOY audited 10-K
TIC TOC tic
Looks like an opportunity to purchase more shares. XERI... $$$$$$$$.. LONG!!
LOLOLOLOL....LOAN DOESN'T GO AWAY AND SEC NOW INVESTIGATING ALL THE SCAM COMPANIES LIKE xeri THAT ARE ASSOCIATED WITH AUCTUS.
DELISTING COMING SOON...
Auctus screwed the pooch, and now dropped the soap in the shower. XERI... $$$$$$$$.. LONG!!
Lol, I think your spring just sprung. 11th hour Duffy. XERI lives on, the gift of life.
DESPARATE thinking.
TIC TOC TIC TOC TIC TOC TIC toc CLOCK IS WINDING DOWN
Your TIC TALKIN might be done, you may have to regroup. Kind of makes the scam angle irrelevant, Auctus has taken enough!
Ah, so Duffy did get that Certified Mail.
LOL!
The time line fits, I'd be willing to bet. the SEC has already contacted Duffy in regards to AUCTUS. Sounds like Duffy bought our winning ticket.
Funny how hope becomes fact. The SEC Complaint refers to Auctus debt notes once and if converted into shares at a large discount, and Auctus also then "selling the newly-issued shares of stock into the public U.S. securities markets."
https://www.sec.gov/litigation/complaints/2023/comp25741.pdf
If Auctus has not converted its Xeriant debt Note into XERI shares, and at a large discount, and sold these shares, then the Auctus Note continues to remain a debt obligation of Xeriant's.
$6.05M borrowed just does not vanish.
It's about $10M now, right?, after Xeriant's two previous default extensions with added-on penalty debt.
https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/xeri_ex41.htm
Only if Maxim had one of theirs sitting on Auctus board of directors.
Xeriant Closes Key $6M Financing, November 05, 2021.
https://www.globenewswire.com/news-release/2021/11/05/2328583/0/en/Xeriant-Closes-Key-6M-Financing.html
Maxim Group, LLC hooked Xeriant, Inc. up with Auctus. Wonder if SEC comes down on Maxim for collusion.
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So you're saying Duffy was making payment on the note the day they signed??????
It clearly states between 2013 & 2021. More READING BETWEEN the LINES.
I would think the $5+ million loan would be wiped off XERI's books as former liability rather than being treated as income. How soon depends on whether the case is settled or goes to trial. In any event, it will be good news for XERI,
Any warrants Auctus received would probably be treated as just another form of ill-gotten gains that they will be forced to give up.
The SEC's complaint clearly indicates that Auctus' business model was totally illegal and was probably responsible for undermining the share prices of scores of penny stocks like XERI. While the complaint doesn't currently mention illegal short-selling, that's probably harder to prove -- but I wouldn't be surprised to see that added in subsequent complaints. (FYI: The SEC rarely loses cases in Federal Court.)
I don't find that stated anywhere in the original agreement. Please post where that is stated in the agreement where these warrants were issued. Why issue warrants when no payment was due? The DEFAULT is what made those warrants required as payment before the note matured.
I concur 100%, Auctus is going to be the one dropping the soap in the shower! They're goingvto get exactly what's coming to them.
WRONG!!! THEY OWE WHAT THEY OWE....
NOTHING BUT LYING GRIFTERS SCAMMING NAIVE RETAIL....
DELISTING COMING SOON....
So the next 10Q should show millions in income correct
Sounds like any subsequent warrants that were issued under the terms of an illegal note would be voided along with the underlying principal and interest. XERIANT isn't in default if the loan is deemed illegal.
Warrants were issued with the original signing of the deal and some were issued later
That is when the deal was signed but would warrants have been issued before the first DEFAULT in 2022. Until then if the note agreement was completed and had been paid back there would be no need to issue warrants would there????
The "TRUTH" always prevails. XERI... $$$$$$$$.. LONG!!
Didn't Xeri sign their deal with Auctus after 2021?
Didn't Xeri sign their deal with Auctus after 2021?
Link to the suit
https://www.sec.gov/litigation/complaints/2023/comp25741.pdf
From the SEC suit against Auctus
E.
Order the surrender and cancellation of any securities (including convertible
notes, warrants, and shares) obtained by Auctus in connection with its convertible notes business
between 2013 and 2021, which are still held by Auctus.
LOLOLOLOL....NOT SO GREAT FOR LONGS TODAY
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