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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... $$$$$$$$.. LONG!!
Didn't Xeri sign their deal with Auctus after 2021?
Didn't Xeri sign their deal with Auctus after 2021?
Link to the suit
https://www.sec.gov/litigation/complaints/2023/comp25741.pdf
From the SEC suit against Auctus
E.
Order the surrender and cancellation of any securities (including convertible
notes, warrants, and shares) obtained by Auctus in connection with its convertible notes business
between 2013 and 2021, which are still held by Auctus.
LOLOLOLOL....NOT SO GREAT FOR LONGS TODAY
What a great Thursday morning. XERI... $$$$$$$$.. LONG!!
I'm saying he's not going to the mailbox...EVER
For specific reasons
Waiting for the certified letter from the SEC. LOL
I ALSO SIAD THEY'RE BROKE...FACT
WON'T PRODUCE ANYTHING....FACT
LYING GRIFTERS....FACT
POS SCAM...FACT
Mailbox??? This FOOL probably hiding in the dumpster behind his apartment building....
SEC WILL find him though. They ALWAYS do...EVENTUALLY
Talk about regurgitating the SAME OLD REALLY OLD BS.
TIC TOC
I doubt if TMF is going to tarnish their name any more than they already did. I wouldn't be surprised if we DON'T hear any more about a TMF partnership. XERI has been dark for awhile and I don't expect new BS about a 9 figure building project anymore. Since SEC involvement with Auctus Duffy surely doesn't want to draw attention to this SCAM. Probably scared to go to the mailbox at this point in time.
TIC TOC
10-Q does-not-confirm TMF Corporation is a "valued strategic investor."
Xeriant's March 8th, 2023 Press Release quoted Xeriant, Inc. CEO Keith Duffy with statement regarding TMF Corporation that "TMF Corporation is one of our valued strategic investors and we’re excited to finally collaborate to unlock their capabilities as we set out to begin the manufacturing of NEXBOARD™,” said Keith Duffy, CEO of Xeriant. https://www.globenewswire.com/news-release/2023/03/08/2622993/0/en/Xeriant-partners-with-TMF-Corporation-for-NEXBOARD-test-production.html
And yet, In Xeriant's 10-Q released two and a half months later on May 22nd, 2023, Xeriant provides zero mention of a new investor, or of any new investment funding from any investor.
The 10-Q has zero mention of TMF Corporation, zero mention of any subsequent events, nada, zip, just more zero. https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793223003889/xeri_10q.htm
It does in fact appear that TMF Corporation is not an investor in or of Xeriant.
.
LOLOLOLOL....WON'T BE "POPOCOCK" WHEN IT HAPPENS.
To say that XERIANT is going to be delisted soon, is absolute poppycock.
The SEC and the NAZ. is satisfied that XERIANT is above board and continues to support it's share holders.
Sp, you read my mind, I was going to comment on the delisting remark that seems to end in every statement by Killa. XERIANT AND IT'S LEADERSHIP IS NOT GOING TO BE DELISTED,
Duffy is scared of being sued, is why no news.
Here's one he'll now scramble to appease as he and his smart minions intently watch this board,
Xeriant's March 8th, 2023 Press Release quoted Xeriant, Inc. CEO Keith Duffy with statement regarding TMF Corporation that "TMF Corporation is one of our valued strategic investors and we’re excited to finally collaborate to unlock their capabilities as we set out to begin the manufacturing of NEXBOARD™,” said Keith Duffy, CEO of Xeriant. https://www.globenewswire.com/news-release/2023/03/08/2622993/0/en/Xeriant-partners-with-TMF-Corporation-for-NEXBOARD-test-production.html
And yet In Xeriant's 10-Q released two and a half months later on May 22nd, 2023, Xeriant provides zero mention of a new investor, or new investment funding from a or any investor, zero mention of TMF Corporation, zero mention of any subsequent events, nada, zip, just more zero. https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793223003889/xeri_10q.htm
Does not in fact appear that TMF Corporation is an investor in or of Xeriant.
I am staying with XERI. XERI... $$$$$$$$.. LONG!!
Funny, you've been saying: "Delisting coming soon" for a while now.
Well someone is paying for it, otherwise why would they announce that TMF and XERI are planning a test production run? If they're lying, it would be pretty easy to prove fraud.
Every time XERI puts out a "soft-news" PR, their share price goes down. I assume this has not gone unnoticed by Duffy & Co. -- and is probably why they're holding off telling us anything that isn't newsworthy. A PR that essentially said: "TMF still bringing new NexBoard production machinery online" would hardly be helpful.
LOLOLOLOL....xeri IS BROKE!!! they'll NEVER PRODUCE ANYTHING. THIS IS AND HAS ALWAYS BEEN NOTHING BUT A POS SCAM RUN BY LYING GRIFTERS. DELISTING COMING VERY SOON.
Seems like he doesn't give a rats ass about us or his company's stock price. Perhaps TMF will come up something unique and once they do maybe Duffy will send out a PR. This Nexboard product is about all that's left to cling to. XTI seems to be a distant memory. So, let's get this moving!!
WHO will pay for this retooling of existing machinery or the millions it would cost for NEW larger machinery??????? Just absurd thinking. EXTREMELY LAME BS
TIC TOC
M, unfortionently news that would help the PPS and put smiles on our faces seem to conflict with DUFFY'S style of retail enhancement.
They've been a partner and tasked to create the Nexboard products for 3 months now. How long does it take to make a few panels? Give us an update. Surely they're further along, by now, with production. An update on Nexboard after the Auctus debacle probably would have boosted the pps and sentiment about Xeri. Duffy needs to take advantage of these opportunities.
No we can't assume that TMF -- which is VERY EXPERIENCED at infusing fire-retardant with plastics to produce high-strength materials -- "may be as unsuccessful as Movychem" at creating NexBoards!
In fact, it's probably just a matter of time before XERI announce's that TMF's test production runs successfully demonstrate the industrial-scale process necessary to manufacture NexBoards in the size, quality, and quantity necessary to meet the needs of NNC and major home builders / developers.
From what we've been told, they need to produce standard-sized 4'x8' boards -- which may well be larger and possibly a bit more complex than anything TMF is currently producing. So that could mean that TMF has to significantly adapt its existing machinery OR that they need to use new, larger-capacity machinery. In either case, this process probably doesn't happen overnight. So assuming that TMF won't be successful is simply absurd!
Imagination that forgets to subtract $120M of Retacell products from the $250M mega deal. The joke is the smartest of all..
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