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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... $$$$$$$$.. LONG!!
I would agree...as long as the decimal point moves at least one or two spaces to the left. (0.01 becomes 0.10 or 1.00)
Good for you! Glad to see not everyone has forgotten that investing in OTC start-ups takes vision, patience, and tolerance for risk.
Uplisting to SADSAQ.
Those the same "naysayers" that told you it was GARBAGE a LONG time ago. Well before it dropped 95%??? Yeah, that's what I thought...
You're going be sad when this POS SCAM gets delisted and all your shares are stuck at .0001...FOREVER
Yes, I have been purchasing in the 2s. I have many blocks of stocks, and my average price per share is very low. I will continue to pick my purchases until the contracts are signed, and XERI uplists. I ignore the naysayers.
88, hope you're still taking advantage of these crazy low prices. They won't be around for long.
Good Friday morning, XERI... $$$$$$$$.. LONG!!
That's assuming the worst of the worst case scenarios. I don't buy into any of those conspiracy theories.
This kind of BS is what will make poor souls out of XERI investors..
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LOLOLOLOL....THOSE THE SAME "POOR SOULS" THAT DUMPED THIS POS SCAM IN THE TEENS...ONLY DOWN 95% SINCE THEN...SOME SMARTER "SOULS" KNOW WHEN TO GET OUT.
If I'm on a welfare line, it'll be to hand out $100 bills to the poor souls who sold their shares of XERI prematurely.
NOT WITH THIS POS SCAM. YOU'LL BE STANDING IN THE WELFARE LINE TALKING ABOUT "ANY DAY DAY"....
ONCE AGAIN, LOLOLOLOLOLOLOL That's FUNNY.
YOU HAVE BEEN WARNED
TIC TOC
Anyone who bets against XERI pulling off the XTI & NNC deals will soon be kicking themselves for missing out on a chance to buy it below .03. Because as big as those deals will be, they'll just be the beginning of XERI's post-Easter resurrection. NexBoards will become a MULTI-BILLION $$$ revenue stream -- and XTI will be the first of many of XERI's successes in the aerospace field, funded (at least in part) by the incredible success of NexBoards.
This time next month, I'll start my house-hunting in anticipation of the uplist later this year!!!
There will be NO XTI merger and/or any NNC deal. Have you EVER traded in the OTC??????? BS PR's & filings happen all the time.
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"I'm not going anywhere"...THAT'S FOR SURE. But, this POS SCAM IS. AND THAT'S TO ZERO FAST. ONLY FUTURE IS DELISTED.....
NAIVE RETAIL...Easy prey for COMMON GRIFTERS like those running this SHIT SHOW.
SCAMMER are and will continue to DILUTE this POS. CAUSE they're BROKE....
I'm not going anywhere! I'm holding all my shares! XERI... $$$$$$$$.. LONG!!
XERI wouldn't be going through all the expense and effort of filing an S-1 and the subsequent uplisting if it couldn't meet the requirements. Presumably it WILL qualify once the pending XTI and/or NNC deals are finalized.
LOLOLOLOL....TOTAL BULLSHIT!!! THERE IS NO CONTRACT WITH ANYONE, ESPECIALLY DOD....
These shills are saying profoundly “DO U WANT ME TO LIE TO U OR NOT TELL U THE TRUTH”
Yes, especially with the possibility, and secrecy of a Department of Defense contract.
So now the uplisting is under serious consideration. Are you sure it's not an imminent possiblity.
PURE STANDARD BS XERI doesn't meet requirements to uplist.
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I'm confident things WILL change and that the changes will be significant. With deals this size and scope (ie, $250+ million) a high degree of confidentiality is often required (along with a restriction on public announcements) by all sides -- especially when an uplisting is under serious consideration.
Good morning. XERI... $$$$$$$$.. LONG!!
SP, if you're going to buy a house with your XERI stock something needs to change rapidly. We seem to be on the decline, leaderless and our ship has lost it's rudder. Something or nany things warrant answers, it's time for Duffy to come out of hiding and face the investors.
In this case the Scammers are the teachers. Duffy and Crew know exactly what they are doing.
TIC TOC
Just when you thought we're moving forward, we take a giant step backwards.
XERI will be a costly lesson learning about the OTC and one's self.
“Experience is the best teacher, and the worst experiences teach the best lessons.”
“The worst lies are the lies we tell ourselves."
YOU HAVE BEEN WARNED
TIC TOC
LOLOLOLOLOLOLOL That's FUNNY.
YOU HAVE BEEN WARNED
TIC TOC
Xeri’s time will come indeed. And others as well
Very soon…..
LOLOLOLOL...THE "PAY OFF" CAME AND WENT LONG AGO....THIS POS SCAM IS BROKE. NO DEALS, DEFAULT ON LOAN....LYING GRIFTERS ARE ALL OUT OF SNAKE OIL.
O ye of little faith. XERI's time will come. (Unfortunately, not soon enough for some.)
Get real!
2 years Movychem, 1.5 years XTI merger….
And at 10% of the shareprice..
$250+ million deals don't happen overnight. NNC probably needed time to get its financing together, while XERIANT probably needed to work out its production & testing issues. But according to the timeline (ie, NNC needs to deliver the first homes in Q3), those matters should be very close to being resolved. If so, things should start getting very interesting very soon.
Quite the contrary! After 3 years I feel like I'm closer than ever to seeing my investment pay off. NexBoards alone should be enough to buy my next home -- in cash.
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