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They supposedly went into debt to give 5.5 mil in R&D to XTI. So far this has produced NOTHING for XERI!!!! The need to have R&D or this new product is evident since the creators of Retacell couldn't figure out how to create DUFFY's NEW BRIGHT SHINY THING.
They have NO REVENUE for even a down payment for the NEW machinery needed to even produce Nexboard according to Duffy, which is needed for production. This state of the art equipment would have to be created to produce, (more R&D) since NOTHING like this product has ever been produced. How do they know what kind of equipment is needed since they can't even get past producing a test sample for certification???? That comes first before production can start!!!!!!
Xeriant met with manufacturers of specialty machinery needed to produce Retacell and Retacell-based wall panels required to launch U.S. operations
https://www.globenewswire.com/news-release/2022/08/04/2492531/0/en/Xeriant-Inc-Press-Conference-Updates-and-Expected-Upcoming-Catalysts.html
TIC toc
All the way from 20 cents to .02....AND dropping even lower. After REVERSE SPLIT IT WILL BE IN TRIPS...FOREVER!!!
How does the fact that TMF doesn't currently own the state-of-the-art equipment necessary to develop that production solution have any bearing on its ability to do its job, when it apparently has sufficient access to the equipment it needs? Answer: It doesn't!
How does XERI's prior lack of revenue have any bearing on the ability to develop an industrial-scale production method for NexBoard? Answer: It doesn't!
When the price per shares is down, I take advantage and purchase more shares. XERI... $$$,$$$,$$$.. LONG!!
Already too late for those that bought in the .4s.and believed in this SCAM. I mean, who rides A POS like this until being down 95%???? Might as well hold this POS till the next SCAM comes along.
TIC toc
I'm quite sure he knows it's just a POS SCAM RUN BY LYING GRIFTERS. Just trying to dump all the GARBAGE before it's TOO LATE....Like EVERYONE else STILL holding shares of this.
So we have been waiting on these NOW named NEXBOARD for more than a year. This after being told XERI was successful in their development a year ago. OH that's right we were later told Retacell didn't work. LOL SCAM
We were told that TMF would be helping in the development of Nexboard. TMF outsource their product and here we are told that specialized machinery would need to be purchased. I have brought this up before since XERI has NO REVENUE and already $6 mil in debt.
Xeriant met with manufacturers of specialty machinery needed to produce Retacell and Retacell-based wall panels required to launch U.S. operations
https://www.globenewswire.com/news-release/2022/08/04/2492531/0/en/Xeriant-Inc-Press-Conference-Updates-and-Expected-Upcoming-Catalysts.html
The new Retacell-based fire- and water-resistant wall panel made from recycled materials such as plastic and cardboard waste is being tested and certified;
BOCA RATON, Fla., June 08, 2022 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTCQB: XERI) (“Xeriant” or the “Company”), an aerospace company dedicated to Advanced Air Mobility and associated specialty chemicals and materials, announced today the successful development of a multi-purpose, high-strength fire- and water-resistant composite panel made from a formulation of Retacell® and a cardboard fiber-reinforced polymeric resin, which can be sourced from recycled materials.
https://www.globenewswire.com/news-release/2022/06/08/2458777/0/en/Retacell-Composite-Panel-Developed-for-Construction-Applications.html
When the PPS is down it always creates dumping. If Xeri can deliver on this NEXBOARD concept I definetly won't be dumping.
"NEGATIVELY"??? THINK you MEAN TRUTHFUL FACTS!!! GL DUMPING THIS POS SCAM....
Welcome Mr. walnuts, enjoyed your wisdom. it beats all the negativity! Do your DD, there's alot of upside here, no guarantees. Stick around we need some fresh air.
This is going nowhere......except sub-penny
Hello what brings you here?? Same old OTC, 4 years of nothing but multiple failed deals, No revenue, Dilution, and in default on $6 mil toxic loan.
Hello....THIS IS A POS SCAM RUN BY LYING GRIFTERS. GL
7 minutes after close a 200k trade at .022. WTF? How is this allowed?
That description fits something else.
Welcome to the OTC. Where there is a GOOD chance you will be SCAMMED out of your money. Not unusual to see major gain in the beginning only to end up back where the SP started or lower after all the BS comes out. BEEN playing in the OTC swamp for a long while and I knew to get the f**k out of this POS. Tried to warn others but to NO avail.
TIC toc
Good idea....BLOW MORE $ on this POS SCAM RUN BY LYING GRIFTERS.
When they go bankruptcy you'll wish you sold EVERYTHING a LONG time ago.
Kill, at this point in time nothing would surprise me, are we really off the hook? Did Duffy know these guys were shearing sheep? Did Maxim know, after all they enriched themselves. I'm wondering how many of these 100's of companies were involved with Maxim. When I say that it's pure speculation. if it is some sort of organized loaning scheme I'm sure it will come out.
I feel the need to purchase more shares. XERI... $$$,$$$,$$$.. LONG!!
That was just companies that did some business with auctus from 2009-2020. But, they closed the deal late 2021. So, what exactly did they do prior to 2020? Negotiate how to SCAM NAIVE RETAIL perhaps???
JUST A POS SCAM RUN BY LYING GRIFTERS....
Filings will be at the end of September. I doubt if Duffy puts any news out before then . No more BS PRs about TMF, NNC. XTI, MovyChem,or Retacell for fear of digging a deeper hole.
TIC toc
Tomorrow, is the last day of XERI fiscal year. XERI... $$$,$$$,$$$.. LONG!!
Kill, if you've noticed, xeri was 215 in the SEC COMPLAINT. It's as simple as that, nothing read into it except for being able to see the words written in black with a white back ground.
Nobody cares if Xeriant got screwed by Auctus and it'll take a while before anything happens. It'll move at a snail's pace and these MMs certainly don't care. Closed at low of the day. The manipulation continues because the SEC has left these crooked MMs in charge.
They must have made the deal out if the kindness of their hearts. LOL
Maxim Group LLC acted as the exclusive placement agent for the offering.
https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/xeri_8k.htm
What do placement agents do in private equity?
A placement agent serves a vital function in the fundraising market. Placement agents are hired by investment funds (e.g., private equity fund, hedge fund, real estate fund, or other alternative assets) to raise capital quickly and efficiently, which they achieve by introducing the fund managers to qualified investors.
https://www.investopedia.com/terms/p/placement-agent.asp#:~:text=A%20placement%20agent%20serves%20a,fund%20managers%20to%20qualified%20investors.
Looks like they made sure to cover their ass. LOLOL
I didn't want to mention maxim, I have no news or heard allegations but they may be scrambling.
LOLOLOLOL...."theft"
They borrowed the $ and made the uplist and merger deal with those stips. they FAILED AND DEFAULTED. So, you're calling the lender a "thief"??? I doubt they even sold 1 share of this POS SCAM yet. If they were the sp WOULD be in the TRIPS for sure.
xeriant does NOT get off the $ owed. They can and most likely WILL claim bankruptcy. But, that does NOT excuse them from paying back the $. They WILL have to give up any assests they have which only looks like their stake in the XTI Trifan600 development. THAT'S IT!!!
Xeriant used Maxim Group to find Auctus. Maxim was the exclusive placement agent. The placement agent finds the loan source and facilitates the transaction.
https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/xeri_8k.htm
Got any idea of a time limit on when to expect this bounce. There was someone saying .10 by the EOM. That's not going to happen. PROVEN BS
Do you expect this kind of bounce Next month. Maybe after a wonderful 10-K filled with awesome news. LOLOL Just what is the size of this expected bounce? .05 (100%) of where it is or higher like the other prediction?? Maybe even a super bounce that takes it to , .20, .30, even .40 and put you back into the green. HOW MUCH LONGER SHOULD PPL WAIT??????? 4 years this already is a LONG investment.
I see a huge bounce coming to XERI, as it should.
Anyone thinking Auct ass has some sort of alternate play is just foolish nonsense. I don't say that trying to be demeaning. Auctass and anyone with prior knowledge contributing to their theft is in for a rude awakening. The majority of the people that have their money stolen by these groups are retail. The SEC is listening. and we're yelling.
I would expect Auctus' right to recoup their loan and default penalties, maybe interest too.
As to a "way get an outside source to follow through", maybe they can sell the debt Note, not sure.
Since I don't think Auctus has diluted yet, could they in some way get an outside source to follow through with the share agreement legally. So far have they done anything wrong if they haven't sold any XERI shares. So do they still have rights to the warrants & shares agreed to because of the DEFAULTS????
Yup, just bullshit. Crickets...
NOPE!!! JUST A POS OTC SCAM RUN BY LYING GRIFTERS. THEY'LL NEVER BE EXCUSED FROM THE 10M LOAN AGREEMENT THEY NOW OWE AND HAVE DEFAULTED ON MULTIPLE TIMES ALREADY.....LOLOLOLOL
Well then if A number of securities attorneys agree with you that's all I need to become a believer in Duffy/XERI again.
Now I CAN'T wait for all the PRs saying Nexboard is in production and ready to ship to Africa. Working with NNC to fulfill a 9 figure building project
Now I CAN'T wait to see the updated S-1a with all the blanks filled in and the announcement of a RS to get the SP to the $4 requirement for NASDAQ uplist.
Now I CAN"T wait for Duffy to get a New Toxic Loan so the XTI merger can be completed.
Now I CAN'T wait for Duffy to finish the MovyChem JV and gain all patent rights to Retacell.
How CAN I wait forever since none of this will happen. This SCAM IS DONE. Good thing I won't have to wait much longer to see the END.
TIC toc
What evidence newly exists that "Xeri has wings and this is just getting started"?
What is it?
Your basis that the SEC will eviscerate Xeriant's debt because of Auctus' troubles does not address what I previously posted about.
A loan is a loan and is not an ill-gotten gain.
Xeriant still owes Auctus the loan amount itself and the existing added-on penalties that became increased debt as result from Xeriant's two Note defaults and then subsequent Xeriant/Auctus mutual agreement to extend the terms of the Xeriant's debt Note.
"Auctus is F##Ed" = I agree! Yet, is not basis that "Xeri has wings and this is just getting started." What is?
As for, "If Auctus was still selling Xeri shares we'd be below 2 today," what basis and information exists that shows that Auctus has done any selling such that Auctus may be "still" selling, as you convey?
Other than bullshit promotion, what evidence supports your claim?
Just hope and BS?
.
BCJ is right! The SEC isn't going to help Auctus off the hook by allowing them to collect on their outstanding loans, since their business model was basically illegal -- starting with the fact that were pretending to be licensed and they were making usurious loans. A number of securities attorneys agree with me.
However and for whatever reason, Auctus is F##Ed. Xeri has wings and this is just getting started. If Aucpus was still selling Xeri shares we'd be below 2 today.
"ill-gotten gains and/or unjust enrichment." The 'ill-gotten' is Auctus' profiting from entering into and converting and profiting by selling shares.
Unless Auctus has converted and sold shares, it's loan to Xeriant, and its subsequent greater Note value due only to two Xeriant defaults that resulted in Xeriant-penalized Note extensions, then no "ill-gotten" or "unjust enrichment" of converted and sold shares is of issue. A loan is a loan. Xeriant owes Auctus. Period. Additionally, Xeriant is in default a third time now. Auctus 'owns' Xeriant.
The SEC might argue Auctus' "unjust enrichment" by Xeriant's self demise and its three defaults where Auctus was acting as an unregistered dealer and therefore "induced" Xeriant into its Auctus Note, yet I think Maxim induced Xeriant into taking the Auctus loan. Maybe Maxim additionally becomes an SEC defendant down the line.
Should the SEC find Auctus to have self-accounted taxation benefit by entering (inducing) into a Note arrangement as an unregistered dealer this may then fall under SEC consideration of an "ill-gotten gains and/or unjust enrichment" but the loan itself, still owed by Xeriant, is not a gain, in particular if Auctus has converted no Xeriant shares.
"Relief Requested:
Order Defendants and the Relief Defendant to disgorge all ill-gotten gains and/or unjust enrichment received directly or indirectly, with pre-judgment interest thereon, as a result of the alleged violations, pursuant to Exchange Act Sections 21(d)(5) and 21(d)(7) [15 U.S.C. §§ 78u(d)(5) and 78u(d)(7)]."
https://www.sec.gov/litigation/complaints/2023/comp25741.pdf
SEC's complaint does say Auctus' dealings through 2021 (not 2020).
Kill, where there's buying there's selling, it's a tedious climb. I like the activity, shows promise,
IT'S DILUTION....LEARN OTC SCAMS
Today's activity is just another example that (on the OTC) "MM" stands for "Market Manipulator" not "Market Maker."
The PPS will always fall before the rise, that scenario will continue to the teens and above. In the OTC it's the natural order, get rid of weak hands.
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!
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