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OR (more likely than not) people simply failed to appreciate the implications of the production partnership and the significant impact it could have on XERI's ability to commercialize NexBoards and realize the massive potential of the NNC.relationship.
FLUFFY DUFFY BULLSHIT IS NEVER "WORTH" READING IN 1ST PLACE, NEVERMIND "RE" READING....
JUST LYING GRIFTERS SCAMMING NAIVE RETAIL.....
THAT FLUFF CRAP OBVIOUSLY DIDN'T FOOL MANY AS SP IS LOWER NOW THAN IT WAS THEN...
WORTH RE-READING:_Xeriant_partners_with_TMF_Corporation_for_ NEXBOARD™_test_production
Established U.S. manufacturer of plastic industrial products to contribute material integration expertise
BOCA RATON, Fla., March 08, 2023 (GLOBE NEWSWIRE) -- Xeriant, Inc. (OTCQB: XERI) (“Xeriant” or “the Company”), a Company dedicated to the discovery, development and commercialization of advanced materials and aerospace technologies, announces a manufacturing partnership to facilitate the production of eco-friendly, flame retardant-infused recycled plastic used in NEXBOARD™ panels. NEXBOARD™ is a flame-, water-, mold- and insect-resistant building panel set to replace products such as drywall, plywood, OSB, MDF and MgO board for new and retrofit construction.
“As an experienced manufacturer of FM Approved plastic products, we are thrilled to be supporting Xeriant’s new product development. The feedstock required for the production of NEXBOARD™ fits right into our wheelhouse and we’re proud to be associated with a product that could have such far-reaching impact on the global environment,” stated Tom Fitzgerald, Sr., CEO of TMF Corporation.
The Xeriant team has been researching methods to streamline the production process and enhance the characteristics and quality of NEXBOARD™ using different eco-friendly flame-retardants. To help accomplish this mission, Xeriant has formed a partnership with TMF Corporation, a 35-year-old manufacturer of FM Approved plastic industrial products. TMF Corporation will agglomerate post-industrial plastic waste and densify it along with four different eco-friendly flame-retardants to produce pellets used in the manufacturing of NEXBOARD™ panels for testing purposes.
“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.
About TMF Corporation
Since 1988, TMF Corporation has been manufacturing and distributing high quality plastic containers and pallets for commercial and government clients. TMF prides itself on providing quality products and responsive support to its customers which have included major manufacturers in the auto, food, and pharmaceutical industries, as well as all levels of government. In 2004, TMF was one of the first manufacturers to have a FM Approved nontoxic fire-retardant product. In 2016, TMF started utilizing a nonhalogenated compound and received FM 4996 approval for its plastic fire-retardant pallets, delivering fire protection as good or better than its wood counterpart. Now, some of the largest pharmaceutical companies, including Pfizer, GlaxoSmithKline and AstraZeneca, depend on TMF Corporation to meet their compliance requirements.
For more information, please go to www.tmfcorporation.com
ALL TRUE AND IT DOESN'T GET ANYMORE SMELLY AND SLIMIER LOOKING THAN THIS POS SCAM RUN BY LYING GRIFTERS....
It's impressive how many incorrect assumptions can be crammed into one short post. I can't wait for XERI to get its shit together -- and not just because it'll be good for its long-suffering investors. But it'll show investors that every so often the OTC isn't a total swamp.
LOLOLOLOL....NOPE!
SCAMS LIKE THIS AREN'T A WISE INVESTMENT. ESPECIALLY SINCE THEY'RE BROKE, IN DEFAULT CAN'T UPLIST, HAVE NO "DEALS" AND LYING GRIFTERS HIDING OUT....
The NexBoard mega-deal with NNC is obviously complex, complicated, and dependent on XERI's ability to produce NexBoards cost efficiently. If you re-read their recent PRs and SEC filings, you'll realize that the relationship with TMF is designed to do EXACTLY that -- and could very well be the missing piece of the puzzle that will make the $250+ million NNC deal a reality. You don't need to trust anything -- just wait for TMF to do its thing!
Why do you continue to trust someone close to Duffy
Those deals have been impending for a long time now. At some point you gotta wonder what happened. It doesn't look good for Xeri Smarty. They've all but vanished since January. None of the deals they started got to the finish line. Not 1. Why should i trust anything will change?
OR...ANOTHER BUYING OPPORTUNITY before XERI starts its BIG BOUNCE BACK thanks to those impending MEGA DEALS.
Where's the 8-K stating XTI stock transfer to Xeriant?
Or any SEC 10-Q or 10-K stating the same?
Does not exist.
Counting crumbs of nothing but debt and no reward sounds like sobering to reality that Duffy has ripped-off his Xeriant shareholders.
.
ANOTHER exciting day for xeri with ZERO volume...LOLOLOLOL
LOLOLOLOL....ALL THEY EVER DO IS MAKE PREMATURE LYING SHIT GRIFTERS DO
LOL speaking of premature this POS has already shot it's WADE...and has NOTHING LEFT
YOU HAVE BEEN WARNED
TIC TOC
Duffy-the-Fluffy and Xeriant experts at making premature announcements.
.
Or...they simply can't make any premature announcements that could jeopardize those impending mega deals involving NexBoards, XTI, NNC, etc.
SEC probably told them NO MORE shenanigans.
Big brother is watching you...
Looks like we're in for another week of silence. You can just sense it. These guys have gone dark and it'll probably last for months.
Until XERI is awarded stock from a BS JV they own none of . There has been no judgment to award the stock since you like to talk about judgments
TIC TOC
Good Monday morning. XERI... $$$$$$$$.. LONG!!
LOLOLOLOL....NOT WHEN AUCTUS SEIZES ALL THEIR ASSESTS FOR FAILURE TO PAY LOAN.
Anyone with shares of XERI already owns a piece of XTI!
LOLOLOLOL....TELL THEM WHAT THEY COULD'VE WON...
Don't you wish XTI had stock you could invest in.
YOU HAVE BEEN WARNED
TIC TOC
Seven(7) Billion in Presales, and Reservations. XERI... $$$$$$$$.. LONG!!
I doubt if Autus will wait until 2027 to get their $6 mil when XTI might have a TF 600 ready for flight buy I doubt it since they have as many FTD as XERI. Looks like the price has gone up also to over $10 mil now but by the time (5yrs) they get one in the air that might be up to $15 mil LOL
$7 bil/691= $10.13 mil WOW LOOKS GREAT CAN"T WAIT TO SEE IT LOL
Why does XTI need Duffy/XERI anyway the NEW CFO is quite capable of raising capital.
New Chief Financial Officer, Scott Pomeroy,has over 35 years’ experience in launching new businesses, raising capital, serving as founder and CEO, President, and CFO of several companies. He previously led equity and debt capital raises of more than $10 billion.
We’re now working on our full-scale piloted TriFan and we plan to begin flight tests in 2025 or early 2026. As we ramp up this work, we’re expanding our collaboration with key suppliers and we’ve commenced the process to secure FAA certification. Importantly, we’ve received 691 orders, reservations, and options for the TriFan so far. This represents almost $7 billion in gross revenues upon delivery of those aircraft. The firm orders alone represent full production capacity for the first three years of XTI’s commercial operations.”
https://www.xtiaircraft.com/cm/news/9-press-release/346-xti-aircraft-company-cfo-elected-to-board
Just more baseless BS.
TIC TOC
xeri IS NOTHING BUT A POS SCAM RUN BY LYING GRIFTERS
Once again, subjectively negative assumptions are being made without any knowledge or understanding of the specific matters at hand. Furthermore, it is quite common for confidential terms of business agreements to be redacted from publicly-available materials. XTI has publicly laid out a number of realistic propulsion options that will allow the Tri-Fan to achieve its stated commercialization, performance, and environmental milestones -- with the ultimate goal of being as "green" as possible as soon as possible. How else would they have been able to attract $7 BILLION in pre-sales already?
I'm sure that XTI and XERI understood exactly what the terms of the agreement were. That's why those terms were HIDDEN in the REDACTED EXHIBIT D Business and Budget and NO TERMS explaining what was to be accomplished in Exhibit B (XTI Service Agreement) or Exhibit C ( XERI Service Agreement) or what the funding would pay in order to complete preliminary design.
Which by the way had the new GE catalyst motor in that preliminary design now after the supposed completion of the ( reason not all 410 mil was paid) the design has been changed to using "The TriFan 600 will initially be certified with two reliable turboshaft engines," meaning a design change therefore preliminary design still needs to be done.
BTW there is NO NEWS ON XTI WEBSITE ABOUT ANY XERI/XTI MERGER ONLY XERI'S
Things that make me go HUM?????
https://www.xtiaircraft.com/cm/blog/343-engineering-update-august-2022
YOU HAVE BEEN WARNED
TIC TOC
I'm not the only one who sees it that way. And I'm certain my interpretation will be proven to be far more accurate than one that assumes XERI is incapable of understanding the obvious terms of its own agreement.
LOLOL. What a total bunch of LAME BS
TIC TOC
That is NOT what the JV agreement said! $10 million was at the high end of a spectrum of what XTI anticipated might be needed to complete the project. XERI paid the bills on an "as needed" basis -- and then stopped paying once the Preliminary Design Review was completed -- ahead of schedule and under budget.
BTW I'm fully aware of what is in the agreement. What we don't know is just what is in Exhibit D Business Plan. Can't blame them for redacting that area probably be able to see the SCAM it was.There is nothing in Exhibits B and C are BLANK which means that holds either accountable to do anything. I noticed that 4.3.2 not sure but could be taken that the $9 mil monthly as in $9 mil per 1 month instead of stating to be divided into monthly payments or as budget requires which could show why not all $10 mil was needed.
2.3 Objectives The purpose will be carried out pursuant to the Services Agreement between XTI, Xeri and the JV, attached hereto in Exhibits B and C, specifying the development services to be provided by XTI and/or XERI and the payments to be made by the JV
4.3.1 states A total of $10 mil (Intended Contribution) consisting of the initial sum of $1 mil to be funded immediately upon the execution of this agreement, including the Exhibits.
4.3.2 Additional capital of $9 mil advanced monthly, in advanced, as required in accordance with the Budget attached hereto in Exhibit D (REDACTED)???????????
YOU HAVE BEEN WARNED
TIC TOC
Well then you are still expecting XERI to eventuality acquire some 5+% of XTI stock. Still no need since they will merger some day or provide more funding get real. If so Duffy should have pushed to get what he paid for to give this POS some kind of credit. I don't think that XERI will ever see that happen but Auctus might but I still doubt that. We have been here before about what is in EXHIBIT D Business Plan that is redacted for a reason and I doubt if it was to insure XERI was rewarded for NOT providing the full JV payment like you think unless XTI is just a SCAM also.
YOU HAVE BEEN WARNED ALSO
TIC TOC
Incessant number of times we are provided incorrect, misleading, and false claim that there is no default makes absolutely zero difference to the FACT there are currently two Xeriant defaults, each for the third time too.
It's right there in multiple SEC filings too.
Sorry...
Yes it does. "Nowhere does it say that is a variable amount." Yes it dies say so.
The $10M was for the preliminary design of the TriFan 600, and the preliminary design was completed under budget of $10M. It's not rocket science.
"contributed over a period of less than one year, as required an aircraft development timeline and budget."
.
No Default! XERI... $$$$$$$$.. LONG!!
RIGHT from someone who doesn't know his left from his right. Seems clear there was a $10 mil commitment to be paid with in a year. Nowhere does it say that is a variable amount
The Agreement was effective on June 4, 2021, with an initial deposit of $1 million into the JV. Xeriant’ financial commitment is $10 million, contributed over a period of less than one year, as required an aircraft development timeline and budget.
https://www.sec.gov/Archives/edgar/data/1481504/000147793221003919/xeri_8k.htm
TIC TOC
Oh, please! XERI didn't owe $10 million to XTI!!! They had the option to invest UP TO THAT AMOUNT AS NEEDED to complete the FAA's PDR (Preliminary Design Review). There is no reason to believe the JV won't still be in effect until a merger is completed. And (as cited endlessly here) there has been NO DEFAULT judgement filed by Auctus on their loan.
Remember how certain the NNC housing project would be well underway by June 2023 (just 2 months away), and how Xeriant would be supplying 9 figure deal valuation of Nexboards with Retacell to Next New Concept, Inc.?
Remember?
Any day now...
Exists where? Show us the governmental/SEC filings that describe XERI's plans to develop and commercialize 9-figure initiatives involving Next New Concepts, Inc. Does not exist.
Show us the governmental/SEC filings that describe XERI's plans to develop and commercialize 9-figure initiatives involving Nexboard. Does not exist.
In fact, SEC filings discussing Nexboard all include Retacell, the fire retardant that Xeriant has abandonded to be no longer included in Nexboards.
Xeriant lied! Xeriant did not amend its SEC filings.
Show us the governmental/SEC filings that describe XERI's plans to develop and commercialize 9-figure initiatives involving XTI Aircraft. Does not exist.
What does exist is a to XTI Aircraft $10M commitment, $6M of which borrowed from Auctus Xeriant is in default of.
FACT:
Does not exist = governmental/SEC filings that describe XERI's plans to develop and commercialize 9-figure initiatives.
.
Nothing was forgotten cause there is NOTHING here. No JV has been completed, The $10 mil owed to XTI was never paid in full and XERI has NEVER gotten any XTI stock. Just what LETTER OF INTENT has closed a deal, NONE. SEC filings that show PLANS TO DEVELOP are just that BS so called PLANS that have materialize into NOTHING. XERI has produced nothing but BS and broken dreams. NO REVENUE, OVER $10 mil in debt, IN DEFAULT ON $6 mil TOXIC LOAN.
WARNING NOTHING BUT A SCAM HERE
TIC TOC
What about the conveniently forgotten facts? AKA: The signed agreements (JVs, LOIs), official press releases and governmental / SEC filings that describe XERI's plans to develop and commercialize 9-figure initiatives involving NexBoards, NNC, and XTI
The known facts are 3+ years of nothing but failures. 50 BS PRs that were nothing but FLUFF. DEFAULT on $6 mil TOXIC LOAN with AUCTUS, added 300+ mil to the OS, and DOWN 95% off the high. A crew that has been in other failed short lived OTC companies and won't clarify what is posted on their website. FACT
YOU HAVE BEEN WARNED
TIC TOC
The "known facts" happen to include a lot more positive stuff than many people are giving XERI credit for.
LOLOLOLOL...THAT'S REALLY FUNNY CONSIDERING ALL THE KNOWN FACTS. MAIN ONE BEING THEY'RE BROKE. ALSO, LYING GRIFTERS SOON TO BE CHARGED....
kind of a sour note day, green would be a better.
STILL DREAMING. NEVER HAPPEN!!!!!
YOU HAVE BEEN WARNED
TIC TOC
I wasn't aware that NASDAQ delisted companies with multi-billion dollar market caps -- because that's where I see XERI headed.
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