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What a screw job. Was looking good early, then turned into the normal crap as the MMs walk it back down.
Maybe some MMs (the buyers) know something the others (the sellers) don't?
That theory might hold water IF the gov't gave out $10,000 checks and told people to invest in penny stocks...BUT THEY DIDN'T. And to say "shorting is very rarely done in the OTC" is to dismiss all the grossly undervalued tech-related penny stocks (like XERI) that complain they're being undermined by naked shortselling!
Nevermind, just more MM bs. Trading shares between themselves.
I know it happens, I also saw almost every penny stock make huge gains early 2021 not just XERI. It could be said this universal squeeze followed the law of supply and demand. FREE money (DEMAND INCREASE) from our GOV. poured in from PPL sitting on their asses with NO PLACE to go and spend it.
I know it happens. There are many DANGERS in the OTC world. Dilution comes in many different forms. Most of which prove deadly to the stock. Shorting is very rarely done in the OTC. On the other hand dilution (SUPPLY INCREASE) can come past debt the former owners of the stock had or from NEW owners making NEW debt. This is seen being done by Auctus.
There are groups of thousands that will move on a stock (FRONT LOAD) (DEMAND INCREASE) and hit every social media spot they can to create FOMO (DEMAND INCREASE) in the naive. Then unload as a SM frenze (MOB RULE) takes the mind set over.I noticed a few leaders with 4-5 thousand followers show up but by then this SCAM was too well known.
There is the possibility of counterfeit shares being sold (SUPPLY INCREASE) in markets other than the SEC controlled US market. This would not surprise me one bit. Ukraine is front and CENTER on possible corruption the likes of which we have never seen before!!!!!
There is also insider trading which is a problem but easy to verify DUE to SEC. You also have PPL who buy into the dream while others ( front loaders) put their capital in knowing it's NOTHING but a SCAM.
Last are the front loaders like me who have seen predictable patterns develop. There are a number of the same actors and companies they recycle. There was a time here you could go put $1000 on 10 different .0001 stocks and turn a decent profit with patience and knowing when to GET OUT. Just a pinky getting current would usually push it to trip 5 or above.
TIC toc
NOPE!!! ONLY 70K ON BID @ .023. Just naive retail making UNWISE purchases of a POS SCAM.
Something big is about to happen here. Just looking at the bid and the movement. Something different is going on today.
Shorting can easily undermine the share price of a penny stock -- and, under certain circumstances (ie, a "short squeeze"), the opposite can be true.
I've heard shorting has been the reason this stock price soared to .58. Then we hear how shorting has taken the SP now to new lows. IT's always shorting by MMs that is the problem with XERI succeeding instead of Duffy's FTD anything. After almost 4 years of nothingness is what makes this a POS SCAM not the MMs. JUST MORE LAME BS.
TIC toc
This stock is dead
What was that sound? I could hardly hear it and it's growing fainter...
It was the Pandemic's "Fault?" LMAO! There was a very high percentage of shorting activity right before XERI started to peak. I wasn't aware of it at the time, but a knowledge source pointed it out in late-January / early Feb. 2021
Kill, the damage Auctus aNd certain MM's along with other lending institutions are in for a big surprise. Wait till all these broker dealers start cutting deals with the SEC. Your gr I fte accusations will become a distant echo.
LOLOLOLOL....NOBODY BELIEVING ANY MORE LIES COMING FROM THESE GRIFTERS RUNNING THIS POS SCAM.
STICK A FORK IN THIS ONE.
It wasn't shorting that pushed SP to .58 but a RED HOT market due to all the f**king money our government GAVE AWAY. PPL with their get RICH QUICK dreams of the OTC. Know what I mean????
BTW Do you know that MM stands for Market Maker? They do this by the simple law of supply and demand. We can see by today there is NO real demand for this POS. Most of the days of heavy volume it is about equal B/S. Increased volume is one thing traders look for. It is always volume before price. This attention works both ways. It has Not seemed to have had much of a positive effect at this time. Hence the SLOW grind downward.
TIC toc
There is ZERO credible evidence of any MMs supporting XERI, beyond the brief period when a possible squeeze forced some scared short sellers into driving the price up to .58 for a nano-second.
Quester, you're disparaging remarks don't fix the wrongs that have been done to every retail share holder. Before this's completely resolved a lot of brokers will be paying a hearty price. Everyone of them will be giving up their stolen life styles. fact!
MMs have tried several times now to make this POS look to have some interest, volume before price. Over a mil moved Friday now nothing. I've said before they have put lipstick on this pig but still NO ONE wants to take this POS out.
TIC toc
Market makers were complicit in ripping off XERIANT, they're trying to figure a way out of it. That's why you're not seeing any activity. This's going to blast off and the crooks are going to pay.
build it and they'll come.
Look at it go. People can't wait to buy this in anticipation of Nexboard. 0 trades in almost 2 hours. Way to go Duf
I see and opportunity.
SOOO....FACTS ARE SOMETHING you WOULD IGNORE WITH your $ AT RISK??? NOT A VERY WISE STRATEGY.
"Startup gets a real shot"??? IT'S NOTHING BUT A TOTAL SCAM RUN BY LYING GRIFTERS. Sooner you figure that out, sooner you'll agree....
FOOLISH TO think XERI was EVER a real start up. NOTHING but a SCAM.
TIC toc
WAY BEFORE, WHAT LAME BS. They are #215 and there are only 224 listed. Remember they came late to the AUCTUC SCAM.
https://www.securitieslawyer101.com/2023/sec-charges-auctus-fund-management-llc-and-its-co-owners-louis-posner-and-alfred-sollami-with-acting-as-unregistered-securities-dealers/
TIC toc
Kill, it's shocking that you're not thrilled and under no duress to say a startup gets a real shot.
The fact that XERI IS LISTED WAY BEFORE OTHERS MEANS WE'RE IN THE QUEUE.
Quester you have a lot of why's, I see a lot of companies still Being squeezed by AUCTUS. That's done, could be some very interesting PPS movements in all those freed.
It says they had dealings between 2009-2020. But, they closed the financing in November 2021. It does NOT state they had ANY ill gotten gains by selling xeriant. Even "IF" they did and even "IF" they(xeriant) are part of the lawsuit and even "IF" they(court) rules in favor of plaintiff. They(auctus) would ONLY be liable for ANY profits. xeriant would NOT be excused to pay back the 6m+interest=10m OWED as per the agreement.
Look up the word disgorgement. Clearly by definition does NOT mean excused from $ owed. ONLY ANY profits from ANY "illegal" actions....SORRY, you LOSE this one. Nice try though.....LOLOLOLOL
Disgorgement is the legally mandated repayment of ill-gotten gains imposed on wrongdoers by the courts. Funds that were received through illegal or unethical business transactions are disgorged, or paid back, often with interest and/or penalties to those affected by the action.
Then he put it there himself by jumping into a JV with XTI that he had to use a TOXIC LENDER for financing. Why sign on to such a deal if you didn't have all your ducks in a row to start with. Or did he and it's just part of the SCAM. Why promise MovyChem millions when he ALREADY FAILED to meet the XTI JV requirements? To keep the SCAM going!!! BS that they paid the JV in full since the BS preliminary design was completed. Duffy just dug a deeper grave for XERI with BS will he UNLOADED shares to INVESTORS to the OTC.
TIC toc
Auctus had a throat hold on DUFFY, his head had a gun to it.
Then why are you so sure this will rebound soon with an ongoing SEC investigation that will take some time to settle.
TIC toc
As good and idea that is, this's and ongoing investigation. They'll have a lid on this, but they will notify everyone about losses and claims. Like I said this stock will have a great new future. I see Teens on there way, when retail investors get wind of this the ride begins. My stallion is saddled and ready. teens$$$$$
Why don't you contact- To speak with a Securities Attorney, please contact Brenda Hamilton at 200 E Palmetto Rd, Suite 103, Boca Raton, Florida, (561) 416-8956, or by email at info@securitieslawyer101.com.
Did you fact check my TMF info ??????
Find out if XERI's company debt will be wiped out. DEBT is not ill-gained. Duffy received 5+ mil that won't just disappear.
Just goes to show HOW MUCH of a SCAM THE OTC IS. See where FUTL is on that list. Maybe Cameron Cox CEO of FUTL & XERI board member told Duffy to use Auctus. There are also at least 12 companies on that list that I was IN and got out of with profit. Know how the OTC works, get in and out and take your profit first. NEVER CHASE the hype.
TIC toc
I think that's a foolish statement considering how nany other start ups were extinguished.
VICTIM LOLOLOL!!! How about a co-conspirator. Why would Keith Duffy who has over thirty years of experience in investment banking, management, finance, strategic planning and operations, and has been a principal in a number of start-up companies go back for 3 extensions if not to benefit XERI. Was he that poor of a CEO not to understand dealing with AUCTUS had a huge NEGATIVE effect for the retail investor. BE REAL!!!!
TIC toc
If you read the whole article, not only do we have a leg to stand on. Our foot is on AUCTUS throat. all the shares that they haven't sold are now back in our hands. Looks to me like we have a nice steak in XTI. We are definetly headed to the teens and we will be that stock. ONE IN A MILLION
SURE...Post the "LIST" then.
If auctus was selling(shorting) this POS SCAM it WOULD be in the TRIPS ny now, instead of 2 cents.
If you CAN'T recognize an OBVIOUS SCAM like this. Then, you're bound to loss ALL you $.
Kill, XERI IS LISTED AS ONE OF THE VICTIMS!
Kill, when you said AUCTUS troubles wouldn't stop loan payments from XERI. Your wrong, AUCTUS is done, nonexistant, Every company that lost all their shareholders money thru AUCTUS death spiral loans will be suing anyone associated with AUCTUS, that includes individual retail share holders. This stock is headed for the teens and in short order. We were sent a blessing, the bad men are going to have everything taken from them, as it should be. Xeri has some good things going on but it's hard to accelerate when some outfit has kept your stock at 2 cents.
$4,000 THAT SOLD FOR UNDER .02 IS WAY MORE SIGNIFICANT THAN THE $200 BUY JUST TO PAINT IT @ .024....LOLOLOLOL
LEARN THE OTC RULES....
LATE PAINT....NEVER COUNTS
THAT'S A DIRECT RESPONSE TO your POST THAT SAID IT'S IN A "UPWARD TRAJECTORY"....LOLOLOLOL
Oh so the dumping of shares (by shortsellers?) is what really counts but the immediate bounce-back to .024 -- and, more importantly, the 3-day surge (since June 20th) in volume and share price .0175 -- is meaningless?
LOLOLOLOL....your KIDDING RIGHT. 200K SHARES GOT DUMPED AT UNDER .02 YESTERDAY. LATE PAINT DOESN'T COUNT.
LINK TO TRADES https://www.advfn.com/stock-market/USOTC/XERI/trades
Check out the upward trajectory of XERI's share price since June 20th -- with no news at all! -- despite repeated, late-in-the-day efforts to keep XERI down! https://ih.advfn.com/stock-market/USOTC/xeriant-qb-XERI/chart Plus: Daily volume has been over 1 million! Is this positive activity in anticipation of some significant developments/announcements from XERI -- regarding NexBoards and/or possibly XTI? One can only hope! The next few days, weeks, and months could be very interesting -- and change the entire narrative around XERI.
By that "logic," iPhones aren't made by Apple because Apple outsources the physical production to China, even though the IP, technology, design, trademark, etc. are all owned by Apple.
LOLOLOLOL....WE'RE NOT TALKING ABOUT A BAG OF CHIPS OR A BOX OF CEREAL HERE.
PEOPLE CLAUMING "they" MANUFACTURE SOMETHING AND DON'T ACTUALLY DO IT. INSTEAD HAVE SOMEONE ELSE MEANS "they" ACTUALLY DON'T MANUFACTURE SHIT. SOMEONE ELSE IS. THINK THAT'S QUITE CLEAR AS THE FACTS SHOW.
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