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DEFAULT IS FACT according to the available information as of last filing. That is not speculation as you claim but fact. Speculation is starting the sentence with "What if XERI" that may never happen where as the filing is clear in what has already occurred to caused this DEFAULT.
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Only for those short-sighted non-believers who lost their patience and sold at a loss.
GOT THAT WRONG!!! NO 8K STATING NEW DEADLINE=DEFAULT!!!
LOLOLOLOL...."WHAT IF"]
More like the Trail of Tears
we're either walking on the yellow brick road or the green mile.
No 8-K, No Default. XERI... $$$$$$$$.. LONG!!
Then we can ONLY go on what we do know and don't SPECULATE on What, Might, If, Possible, or Could happen. That is as of March 15 XERI is in DEFAULT to Auctus with NO word of any ongoing negotiations after 5 weeks.
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What if XERI and Auctus previously agreed to extending the deadline based on confidential developments the public is unaware of? We don't know what we don't know -- and, as a result, assuming the worst isn't always the best course of action.
LOLOLOLOL...SOMEONE HASN'T BEEN PAYING ATTENTION. IF YOU REALLY BELIEVE THAT, THEN I HAVE SOME VERY SPECIAL ELIXIR FOR SALE THAT WORKS ON EVERYTHING AND CURES EVERYTHING...
No Defaults! XERI... $$$$$$$$.. LONG!!
WE DO IN FACT KNOW THERE IS NO 8K EXTENDING THE DEADLINE AS THE PREVIOUS ONES....FACT!!!!!!
NOPE!!! The SEC "filing" you think is NONE specific and speaks ONLY about 2022. That WAS when "they"(LYING GRIFTERS) EXTENDED the "DEADLINES". NO 8K FUTHER "EXTENDING" THIS MOST RECENT DEADLINE AND 3RD STRIKE MEANS "THEY" (LYING GRIFTERS) ARE MOST DEFINITELY IN DEFAULT!!!!!!!!!!!
Your right about the denial, I said smart PPL. Your wrong about the DEFAULT. Show a filing after the March 15th DEFAULT that says they still are in negotiations.
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What and where in that filing proves what you are saying.
I have showed proof of what I say. FACT
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NO QUESTION ABOUT IT? Really? There's an SEC filing that says just the opposite!
I'm not the one in denial. I'm the one with an SEC filing on my side!
Once again: we don't know what understanding / agreement XERI has with Auctus that would have allowed them to state in an SEC filing that they have NO DEFAULTS on Senior Securities as of March 15th -- and neither do we have any reason to believe that anything has changed in the past month!
Even after spelling it out for the smart PPL in denial, I'm sure we'll still hear there was NO DEFAULT!!
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Definition is quite clear: https://www.dictionary.com/browse/default
noun
failure to act; inaction or neglect:
They lost their best client by sheer default.
Finance. failure to meet financial obligations, as when a borrower misses or stops making monthly loan payments.
Law. failure to perform an act or obligation legally required, especially to appear in court or to plead at a time assigned.
Sports. failure to arrive in time for, participate in, or complete a scheduled game, race, etc.
lack; want; absence.
Computers. a value that a program or operating system assumes, or a course of action that a program or operating system will take, when the user or programmer specifies no overriding value or action.
verb (used without object)
to fail in fulfilling or satisfying an engagement, claim, or obligation.
to fail to meet financial obligations or to account properly for money in one's care:
When he defaulted in his payments, the bank foreclosed on the car.
Law. to fail to appear in court.
Sports.
to fail to participate in or complete a scheduled game, race, etc.
to lose a scheduled game, race, etc., by default.
Computers. (of a program or operating system) to assume a preset value or take a preselected action unless otherwise instructed by the user or programmer:
Your profile defaults to public unless you set the permissions to private.
verb (used with object)
to fail to perform or pay:
to default a debt.
to declare to be in default, especially legally:
The judge defaulted the defendant.
Law. to lose by failure to appear in court.
Sports.
to fail to compete in (a scheduled game, race, etc.).
to lose by default.
But that doesn't fit the narrative that Duffy & Crew is trying to spin here.
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WHAT DON'T YOU UNDERSTAND ABOUT WHAT DEFAULT MEANS...
REAL SIMPLE. IT GOES LIKE THIS.
DID THEY MAKE ANY PAYMENTS BY EXPIRATION DATE? ANSWER IS NO!!!
DID THEY MEET REQUIREMENTS OF LOAN AND ACQUIRE XTI?
ANSWER IS NO!!!
DID THEY MEET REQUIREMENTS OF LOAN AND UPLIST TO NASDAQ?
ANSWER IS NO!!!
HENCE, THEY ARE IN FACT IN DEFAULT!!! NO QUESTION ABOUT IT...
Wrong since the reason for this DEFAULT is spelled out in the original SENIOR SECURED PROMISSORY NOTE.
Smart PPL should be able to understand the conditions for DEFAULT have been meet with NO NEED to give any further notice as stated in the filing
"THIS INSTRUMENT CONTAINS AN AFFIDAVIT OF CONFESSION OF JUDGMENT PROVISION WHICH CONSTITUTES A WAIVER OF IMPORTANT RIGHTS BORROWER MAY HAVE AND ALLOWS THE HOLDER TO OBTAIN A JUDGMENT AGAINST BORROWER WITHOUT ANY FURTHER NOTICE."
https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/xeri_ex41.h
“The worst lies are the lies we tell ourselves."
YOU HAVE BEEN WARNED OF DEFAULT (FACT)
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That is just another factually unsupported assumption. If there was a default, more likely than not, it would have had to been reported as a material event. Rather than being proof of a default, the absence of an 8-K would indicate that no default has taken place since Marc h 15th!
WRONG In full DEFAULT since MARCH !5TH.
YOU HAVE BEEN CORRECTED & WARNED
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Defaults: NONE. XERI... $$$$$$$$.. LONG!!
WHERE ARE THE PR’s. I thought certain people on this site had the ear of the GRAND POOBAH . Why not a single positive word or update. Me thinks the chickens are coming home to roost
That might be in reference to anytime prior to that filling. The S-1 that states that was filed before the March 15th date. Since there has been NO 8-K to update the Mar 15th date that would mean XERI is FULL DEFAULT as of right NOW.
YOU HAVE BEEN WARNED
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LOLOLOLOL....THERE ARE NO DEALS, IN THIS COUNTRY OR ANY OTHER.
THEY'RE BROKE AND IN DEFAULT OF $10M...
STICK A FORK IN THIS POS SCAM!!!
LYING GRIFTERS ABOUT TO FEEL THE HEAT....
What about the SEC filing that specifically stated there NO defaults of senior securities?
I agree that XERI's lack of communication (whatever the reason) has been frustrating as hell. But I don't think we'll have to wait for the bull market to return before our patience (or lack there of) is rewarded -- based largely on the Q3 timeline NNC has announced for delivering the first of those 35,000 homes in West Africa. That's a $250+ million sales contract -- just for starters!
XERI's partnership with TMF Corporation -- an industry leading company which is already producing fire-retardant plastic products for major clients in the US -- would appear to offer them a practical fast-track to testing and implementing production of NexBoards. If so, we could well be looking at the first phase of a major 9-- (or even 10-figure) NNC deal being finalized in the not-too-distant future!
It's justifiable to say XERI is in default since the last 8-K states exactly the date at which this DEFAULT happens. On March 15 due to failure to uplist or complete merger with XTI will cause a DEFAULT. There has been no 8-K update to change these conditions that are known at this time. Now almost 5 weeks past this dated and NOTHING from Duffy to say any ongoing negotiation are still in progress.
ARTICLE III. EVENTS OF DEFAULT Issue Date: October 27, 2021
Actual Amount of Purchase Price: $5,142,500.00
It shall be considered an event of default if any of the following events listed in this Article III (each, an “Event of Default”) shall occur:
3.19 Failure to Uplist. If, at any time on or after the date that is eight (8) calendar months after the Issue Date, the Company’s Common Stock ceases to be listed for trading on the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the New York Stock Exchange, or any other national securities exchange (or any successors to any of the foregoing).
3.20 Failure to Acquire XTI. The Company fails to acquire 100% of the equity interests of XTI on or before the date that is eight (8) calendar months after the Issue Date.
https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/xeri_ex41.htm
The reference to “November 1, 2022” in Section 3.19 is hereby replaced with “March 15, 2023.”
The reference to “eight (8) calendar months after the Issue Date” in Section 3.20 is hereby replaced with “March 15, 2023.”
YOU HAVE BEEN WARNED
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Many companies, especially emerging companies like Xeriant have had a tough time since late 21. I have given Xeri that concession. In my mind i understand it, because most of my income is from investments in the stock market, crypto market and real estate. My successes have been few since the start of 22, so i understand. I'm not selling, no reason to right now. If Xeriant isn't a fraud company then perhaps as the bull market returns they'll begin to see more success. Probably gonna be another year or so i would guess. Still, it's very frustrating and shady when they miss deadlines and then ghost the investors. GLTA.
It is wrong (and irresponsible) to automatically assume that XERIANT is (or has ever been) "in default" without specific knowledge of its agreement with Auctus and any and all subsequent understanding(s) the two companies may have regarding an evolving situation and/or relationship.
This SCAM going sub-penny? lolzzzzzz
Haha...that's definitely NOT the direction for the decimal point to travel. Although, that's DEFINITELY the direction it's SURE to go....
That the SAME "reflection" that though .10 was a "good" price???
Only down 80% since then....
Might want to quit looking in that mirror for advice...LOLOLOLOL
How smart do you have to be to know left from right????? Although in reality you got it correct on which way XERI is headed.
.01 to the left would be .001 or .0001
.01 to the right would be .1 or 1
I would agree...as long as the decimal point moves at least one or two spaces to the left. (0.01 becomes 0.10 or 1.00)
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Hey Smarty, I was looking in the mirror, and my reflection told me, to buy more XERI shares. XERI LONG!!
1 $2 trade so far today. Lol. Yep, things are just fine here.
Thank you. I can think for myself. XERI... $$$$$$$$.. LONG!!
I would agree...as long as the decimal point moves at least one or two spaces to the left. (0.01 becomes 0.10 or 1.00)
Good for you! Glad to see not everyone has forgotten that investing in OTC start-ups takes vision, patience, and tolerance for risk.
Uplisting to SADSAQ.
Those the same "naysayers" that told you it was GARBAGE a LONG time ago. Well before it dropped 95%??? Yeah, that's what I thought...
You're going be sad when this POS SCAM gets delisted and all your shares are stuck at .0001...FOREVER
Yes, I have been purchasing in the 2s. I have many blocks of stocks, and my average price per share is very low. I will continue to pick my purchases until the contracts are signed, and XERI uplists. I ignore the naysayers.
88, hope you're still taking advantage of these crazy low prices. They won't be around for long.
Good Friday morning, XERI... $$$$$$$$.. LONG!!
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