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Oops, Xeriant lied to the SEC. Document-after-document-shows-so. Fact!
Here's some memory lane from Xeriant, Inc. Skank in Chief, Keith Duffy:
"DEC 2, 2020 8:05AM EST
BOCA RATON, Fla., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTC PINK: XERI), a new aerospace technology holding company, announced today that it has signed a strategic alliance agreement with PRAGA Avia s.r.o. (“PRAGA”), a dynamic aircraft design, development, production and maintenance company headquartered in Prague, Czech Republic. The purpose of the agreement is to establish a collaboration framework to potentially evaluate, test and integrate new aircraft technologies, design and develop innovative aircraft concepts, build prototypes, manufacture production aircraft, and open up new markets for PRAGA’s aircraft.
“PRAGA’s knowledge and experience will greatly benefit the development of some of the aviation technologies and aircraft that we are currently involved with. Each project will be the subject of a separate agreement with PRAGA, depending on what is required, and I expect this arrangement to become one of the foundational elements of the company,” stated Xeriant CEO, Keith Duffy."
https://www.nasdaq.com/press-release/xeriant-announces-strategic-alliance-with-dynamic-european-aircraft-manufacturer-2020
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Figure it out:
Xeriant defaulted on Movychem by Xeriant not raising $3M to pay Movychem $2M.
Then Xeriant, boy calling wolf, just claimed Movychem defaulted.
Fake Fkr Keith "The Skank" Duffy.
Nothing in the Movychem JV required Movychem to manufacture Xeriant's filed patent for Nexboard.
Nothing!
....
Just compare the S-1 to the S-1/A, and to previous 10-K, 10-Qs, 8-Ks, and press releases.
Duffy lying, and looking to get indicted.
.
The info you posted was stated in a previous filing. Nothing has changed.
Movychem and Xeri are done. And Xeri is in default with Auctus. F&F should be disgusted. I'm neither, but it's pretty bad Smarty.
Bluejohn, now how did I know Xeriant is in default before today's 10-Q release?
The Note matured on March 15, 2023 and is considered in default as of March 31, 2023.
Remember time and time over and over we all being falsely informed that because "the Company is involved in ongoing discussions with Auctus regarding the Note" that Xeriant was not in default?
That was a diversion from fact that claimed that all claims of default are conspiracy theory.
"Note matured" is the default.
Discussions to extend the Note does not mean there is or was previously not a default.
No public or legal statement of default by Auctus allays the actual default, as incessant previous numbnut claims misleadingly insisted.
"No assurance can be given that we will reach a successful resolution."
Wasn't Xeriant an aerospace company? Now it stole Movychem IP to become a textile company.
Keith Duffy is a skank.
.
NEXBOARD PATENT APPLICATION & PRODUCTION PLANS AS PER 10-Q:
"On March 31, 2023, we filed a provisional patent application for a method of producing a unique fire-resistant thermoplastic and fiber composite material which may be formed or shaped into various construction products of different thicknesses and dimensions. This green material will be composed primarily of recycled plastic, cardboard and ecofriendly fire-retardant chemicals, including but not limited to use in walls, ceilings, flooring, framing, siding, roofing, molding, and decking, used in construction. Subject to available capital, we are planning to build manufacturing facilities in the United States for the production of NexBoard in order to meet market demand, or alternatively license the technology and process. We have identified potential sites for near-term contract manufacturing, a pilot plant, and larger manufacturing facilities, received bids for specialized manufacturing equipment, developed timetables related to the action plan, and hired a managing director with decades of experience to oversee the projects."
The 10-Q cites Movychem's failure to meet its obligations (ie, provide the necessary production expertise to create NexBoards) as per the JV Agreement: "The Company’s position is that Movychem has not met its obligations under the Joint Venture Agreement and has notified Movychem of same. It is uncertain whether or not the Joint Venture will move forward as it is currently organized."
Good morning. XERI files 10-Q.
10 Q out and says Xeri is considered to be in default of the auctus loan, but is in negotiations to extend it.
2 times previously an 8-K was released days after the DEFAULT date. Now 6 weeks into OFFICIAL DEFAULT despite all the BS denying this FACT!! Now we will have to STILL hear this BS UNOFFICIAL negotiating is ongoing. Give me a break!!! NOTHING Duffy can say or do NOW, time has run OUT. Look for official word that AUCTUS is taking their Pound of FLESH SOON. Remember Duffy can RS this POS at any time!!! That might be his next move.
YOU WERE WARNED
TIC TOC
They're negotiating a solution, sink or swim. Duffy's silence is not appreciated, seems to be a lot of disregard for us.
FINS OUT!!! DEFAULT CONFIRMED...
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001481504/000147793223003889/xeri_10q.htm
For the nine months ended March 31, 2023, the Company recorded $461,482 in amortization of debt discount related to the Auctus note. As of March 31, 2023 and June 30, 2022, the carrying value of the Auctus note was $5,900,000 and $3,936,185, respectively.
The Note matured on March 15, 2023 and is considered in default as of March 31, 2023. The Company is involved in ongoing discussions with Auctus regarding the Note. No assurance can be given that we will reach a successful resolution.
Day after day, no news , same posters saying the same thing
Default: it is so! Wishing it not, the fact, does not change the default.
Facts of default are shown in the 10-K, in the 10-Qs, in the press releases, and in combination.
Fact is not assumption.
Fact is not anything close to a claim, of the fact that Xeriant is in default, that it is "highly subjective."
I think you mean Xeriant has left everyone not knowing but having to reasonably deduce and conclude, based upon and with the information Xeriant has provided, along with Xeriant's action of its failures and Xeriant's abandoned projects and partnerships.
We know Xeriant defaulted on its Movychem JV.
We can see Xeriant altered its S-1,
that on its face appears Xeriant mngt as either currently or previously having lied,
thus acting fraudulently.
We can reasonably conclude Movychem is no longer providing Xeriant and their Ebenberg, LLC JV access to Movychem's Retacell and Movychem's IP.
Next New Concept, Inc. will therefore not be purchasing $130M in Retacell infused products other than Nextboard.
Fact. Deduction. Fact.
.
88 must have ran out if $
Definitely looking like a start to a BAD week. 10-Q is late, 130,000 sells and NOT ONE buy. I would expect everyday Duffy fails to file 10-Q things will only get worse as more realize just what a SCAM this POS is.
YOU HAVE BEEN WARNED
TIC TOC
LOLOLOLOL...DEFINITELY NOTHING FACTUAL ABOUT ANY OF IT.
LOLOLOLOL....JUST LYING GRIFTERS SCAMMING NAIVE RETAIL.
What make this LOI different from all the other Strategic Alliances, LOIs, JVs, or Merger with established companies that Duffy FAILED TO DELIVER ON. FACT
XERI Nanotech Lubricants Produce Initial Sales
Breakthrough Green Anti-Friction Technology seeks to disrupt $55 Billion Industry
XERI Brand Nano-Lubricant Generates Initial Sales in Australia Following Successful Product Test
Xeriant and XTI Aircraft sign LOI to pursue Merger- Which somebody thinks means XERI has $7 bil in pre-order's of TF 600. INSTEAD of the truth that XTI OWNS those pre-orders NOT XERI.
YOU HAVE BEEN WARNED
TIC TOC
That POV conveniently overlooks the fact that TMF Corp is a well-established company with proven expertise in the kind of production method required to produce NexBoard at industrial scale. Furthermore, NNC has already signed an LOI worth $250+ million in revenue -- and a leading US-based home builder has signed an MOU as well.
I agree! How else can the belief that XERI is a viable business let alone a worthy investment. Almost 4 years with multiple FTD's on multiple types of business ventures. 0 revenue, close to 20 mil in debt, multiple defaults, with a TOXIC LENDER poised to take control of 100's of millions of shares to cover $6 mil loan. These are FACTS so the belief must be unsupported and just wishful thinking.
YOU WERE WARNED
TIC TOC
Everyone's entitled to their own opinion, no matter how factually unsupported it might be.
Of course, I agree with you. I'm buying, I'm holding. I'm XERI... $$$$$$$$.. LONG!!
Then I'll stick with calling XERI a POS SCAM. LOL
SCAM-noun INFORMAL
a dishonest scheme; a fraud.
"an insurance scam"
YOU WERE WARNED
TIC TOC
FYI: SEC filings (such as S-1's, S-1/A's, & 10-Qs) go through a comprehensive approval process that involves lawyers as well as third-party accountants & auditors -- all of whom would be liable for allowing XERI to mislead investors and/or misstate facts. Accusations of fraud need to factor in the reality of the situation and should not be casually thrown around.
Duffy is not lying to the SEC, he would inadvertently drag his brother, Defudis and others down with him. Most people fear jail time, disgorgement and being barred from ever holding positions in public companies.
100% correct. To assume default when SEC filings say otherwise seems highly subjective, to say the least. Likewise, for XERI to blatantly lie to the SEC would clearly be asking for trouble.
The clarification through SEC filings has already been provided. Things are very very clear now with Xeriant.
Publicly, only insiders 'can't' see it.
Of course, lack of intelligence, or intelligence insufficiently used or swapped for belief (and naiveté) is the consideration upon which insiders rely, and use to ride.
Insulting doesn't mean Duffy didn't lie.
Clearly Duffy n Xeriant mngt are insulting to shareholders.
Caught in his own pickle Duffy lied to the SEC.
Only insiders 'can't' see it, publicly.
.
#1: We don't know that, circumstances have been layed out in the S1A! Wishing for this to be in default doesn't make it so.
If news doesn't materialize soon I'll be singing in your choir.
I only asked one question. Nothing worthy of evasive answers.
I think you mean Xeriant has left everyone not knowing but having to reasonably deduce and conclude, based upon and with the information Xeriant has provided along with Xeriant's action it has not and has fulfilled.
We know Xeriant defaulted on its Movychem JV.
We can see Xeriant altered its S-1, that on its face appears Xeriant mngt as either currently or previously having lied, thus acting fraudulently.
We can reasonably conclude Movychem is no longer providing Xeriant and their Ebenberg, LLC JV access to Movychem's Retacell and Movychem's IP. Next New Concept, Inc. will therefore not be purchasing $130M in Retacell infused products other than Nextboard.
I don't see either sky falling or opportunity with Xeriant.
Some won't see the "it", or they do, because they are in on it.
.
Clarification: we're headed into a port to offload the goods.
There's no luck to it, I liked this stock when I first acquired it and I still do. Duffy's been a good captain he's steered us out of a few storms, we're headed for dry land. $$$$$
Good morning. It is Monday. Good luck to all. XERI... $$$$$$$$.. LONG!!
You'll be crying your way to the POOR house VERY soon without using just a wee bit on "INTELLIGENCE"....
Using intelligence as and argument is amusing, I'll wait for clarification thru filings and press releases.
I've never seen a lie from this company, reading PR's and filings and interpreting those to be lies is insulting to the SEC.
LOLOLOLOL....."real" and this POS SCAM definitely DON'T belong in the same sentence. Absolutely NOBODY can deny that. Just how many times does it take for them to continue and constantly lie for you to realize the ACTUAL truth.
A Defeatist argument doesn't answer questions, I'll wait for the real info from and informed source.
WAS, IS and will ALWAYS be nothing but a SCAM RUN by LYING GRIFTERS. Pretty SURE that FACT is UNDENIABLE....
So, DEFINITELY no debate needed.
Ohh AND they're BROKE, in DEFAULT, etc. You know ALL the things that ARE uninvestable
I can't answer all the what's, my info is the same as yours. Some see the sky falling and some see opportunity.
Oh? What about the additional $120M in Retacell products slated for purchase by Next New XpConcept, Inc.?
I guess Xeriant stole IP from Movychem, defaulted on its JV with Movychem, yet still has access to Movychem products like the revolutionary safe and eco-friendly Retacell fire retardant, and Movychem is all dandy happy with Xeriant, and so Next New Concept, Inc. is all ready to buy those additional Retacell infused products, via Xeriant from the defaulted JV entity Ebenberg,LLC. Yup, all makes sense there.
88 believes, I can get in front or behind that. This doesn't need a theological debate, it needs a NEXBOARD.
Yep....The BIG MAN upstairs has NOTHING to do with this POS SCAM at all. Guess if I was holding a SHIT TON on SHIT BAGS I would hope for a miracle as well.
DEFINITELY would NOT bring the BIG Guy to ANY forum discussion and thank him there though....
Please 88th "man", don't be surprised and DON'T do anything rash if this garbage doesn't pan out for you. SERIOUS POST actually, I'm concerned and REALLY hope you didn't gamble too much $ that you can't afford to lose here.
Big day tomorrow, will Duffy come through with the 10-Q?? Might be a BLOOD bath if he fails to file in time.
TIME IS GETTING SHORT
END IS NEAR
TIC TOC
NOPE....JUST BROKE GRIFTERS LYING TO NAIVE RETAIL. Financial statements prove EVERYTHING....
If I understand correctly, Movychem couldn't supply what was needed to advance the NEXBOARD concept, the next evolutionary step was TMF. I can afford to be a little more patient, when TMF delivers, this will be the stock to be in.
Nothing weird about believing, should all off us just give up. Last week this stock was headed down, at the end of the week it managed to claw it's way back up. It's not over, I believe TMF is legit, that's huge.
Yet another insider perspective. Always optimistic that ignores all the misses and abandoned projects.
is this still trading?
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