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Let's Goooo!!! Good to see an update. Turn that LOI and MOU into a deal.
IT'S GAME OVER FOR THIS POS SCAM!!!
The joint venture with Movychem, s.r.o., required Xeriant to fund $2,000,000 by February 15, 2023. As of the date of this filing, the Company considers Movychem in default of its obligations related to the Movychem JV
We will need to meet the obligations required by the Auctus Fund, LLC Senior Secured Note and the Amendments to the Note.
The Company is in active negotiations with Auctus Fund, LLC, to extend the maturity date of the Senior Secured Promissory Note, which became due and payable on March 15, 2023. At this time, there is no assurance that Company will be successful in these efforts. One of the obligations of the Company is to uplist to a major exchange. If we do not perform under the Note, and Auctus elects to enforce the Note, we may lose all or substantially all of our assets. If Auctus elects to convert the note into shares of our Common Stock, our shareholders could experience substantial.
LYING GRIFTERS ABOUT TO FACE THE WRATH OF THE SEC...
The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.
The information in this preliminary prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This preliminary prospectus is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
We may require additional capital to satisfy our commitments in the Movychem joint venture.
The joint venture with Movychem, s.r.o., required Xeriant to fund $2,000,000 by February 15, 2023. As of the date of this filing, the Company considers Movychem in default of its obligations related to the Movychem JV. The Joint Venture Agreement with Movychem required us to fund $25,000 per month through April 2024, and invest $2,000,000 in the Movychem JV within five business days of the closing of a financing in which Xeriant receives net proceeds of at least $3,000,000, to acquire 50% ownership of the Movychem patents and intellectual property. Should Movychem satisfy its obligations related to the Movychem JV, we will renegotiate obligations related to the Movychem JV. At this time, there is no assurance that Company will be successful in these efforts
We will need to meet the obligations required by the Auctus Fund, LLC Senior Secured Note and the Amendments to the Note.
The Company is in active negotiations with Auctus Fund, LLC, to extend the maturity date of the Senior Secured Promissory Note, which became due and payable on March 15, 2023. At this time, there is no assurance that Company will be successful in these efforts. One of the obligations of the Company is to uplist to a major exchange. If we do not perform under the Note, and Auctus elects to enforce the Note, we may lose all or substantially all of our assets. If Auctus elects to convert the note into shares of our Common Stock, our shareholders could experience substantial.
Not obtaining sufficient financing will jeopardize our operations and the ability to execute our business plan.
Our recurring operating losses have raised substantial doubt regarding our ability to continue as a going concern.
AND COUP DE GRÂCE
You will incur immediate dilution as a result of this offering.
There are multiple references to the Auctus Loan in the S1A and "Default" is never mentioned once!
Seems MovyChem is NO longer in the picture. So it only took MovyChem 20 years to develop Retacell. Now Duffy and Crew are going to become chemist to develop their own flame retardent. LOL
Still incomplete S-1 nothing but BS
Might be hard to get investors to buy in on the next offer. Nowhere near as sweet as the F&F got with instant profit.
You will incur immediate dilution as a result of this offering.
If you purchase common stock in this offering, you will pay more for your shares than the net tangible book value of your shares. As a result, you will incur immediate dilution of $___ per share, representing the difference between the assumed public offering price of $__ per share and our estimated as adjusted net tangible book value as of December 31, 2022 of $___ per share. Accordingly, should we be liquidated at our book value, you would not receive the full amount of your investment.
Still don't know what the RS will look like but one is planed!!
Reverse Stock Split
We plan to effect a 1-for-___ reverse split of our outstanding shares of common stock prior to, or upon, effectiveness of the registration statement of which this prospectus forms a part. No fractional shares will be issued in connection with the reverse stock split and all such fractional interests will be rounded up to the nearest whole number of shares of common stock.
The intellectual property relating to our projected principal operations is not under our direct control.
We do not own intellectual property related to an eco-friendly flame retardant required for the production of NexBoard. To mitigate this risk, we are sourcing eco-friendly flame-retardant from several suppliers and formulating our own ecofriendly flame-retardant, which would allow us to eliminate our dependency on third-parties.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793223003041/xeri_s1.htm
TIC TOC
NexBoards (Manufacturing & Demand -- Pages 53/54 of S1A Filing)
We have been in development of a fire-resistant thermoplastic and fiber composite material to produce a number of green construction products that can be produced at industrial scale in order to unlock existing demand indicated by several homebuilders and developers. Industrial production requires the panels to be cut in varying thicknesses and sizes, including standard 48” x 96” sheets.
We are planning to build out manufacturing facilities in the United States to meet the demand for NexBoard-related products, and may license the technology and manufacturing process to builders and developers. There is strong current demand for eco-friendly building materials with flame retardants that can be incorporated into plastics or used as coatings for wood or other materials. Flame retardant-infused products can impact as much as 40 percent of all building materials.]Eco-friendly flame retardants are needed because of the growing mandate worldwide to ban flame retardants that contain toxic chemicals in the form of organic compounds containing halogens such as bromine and chlorine, and phosphates such as phosphorus. We have identified potential specialized manufacturing equipment to produce the NexBoard product and has hired a managing director with decades of experience to oversee the advanced materials projects. We have received strong interest for NexBoard from a number of residential and commercial builders, including a Letter of Intent from a U.S.-based residential developer planning to construct at least 35,000 homes in West Africa, and a Memorandum of Understanding from a large U.S. residential developer.
Subject to available capital, we are planning to have the NexBoard product manufactured to meet initial demand starting in the third quarter of 2023, and expect to raise additional capital which may include expanding manufacturing capacity and strategically licensing the certified manufacturing processes used in the production of the NexBoard products.
The demand for green building products is being fueled by the environmental, social, and governance (ESG) movement for socially and environmental conscious corporate standards. In addition, the need for suitable housing worldwide is driving demand for quick-build affordable construction. The confluence of the shortage of affordable housing and the need for renewable materials is the driving force behind the demand for NexBoard. Gypsum board is the commonly used wallboard, but it is not made from sustainable materials, which creates an opportunity for NexBoard and derivative construction products, such as subflooring, roof decking, molding, trusses and studs.
AUCTUS LOAN NOT IN DEFAULT! "As of May 2, 2023, the Company has not repaid the Senior Secured Promissory Note, and is in active negotiations with Auctus Fund, LLC, to extend the maturity date." (Page 44)
The revised S-1 has updated info on NexBoards (patent and production)...
""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."
Another incorrect ASSumption based on subjective interpretation of inaccurate and/or incomplete information.
Some listen to the wrong BS and lost their chance at profits. Now just bag holder's that's ready to lose more believing Duffy & Crew
TROT3526
Tuesday, February 16, 2021 11:35:39 AM
Post# 3950 of 23615
Btw been in since 7c. My concerns have been market cap not moving also stock been stalled for a while in the 40 cents range. Like to hear your observations on this.
TIC TOC
Inaccurate assumptions based on a total lack of understanding. One way or another, XERI's stake in the JV will translate into equity in the TriFan's success. NexBoards will be a major winner for XERI -- probably as a result of TMF's test production.
LAME BS= No Revenue No XTI stock No Nexboard No Retacell Only 35% of SUPPOSED R&D money makes up the $18584797 2 year net lose. XERI has close to $20 million in lose since it's beginning and has produced NOTHING for XERI mean while Duffy and Crew get paid and bleed company expense account dry.
R&D= $5640693
Total research and development expenses were $5,267,581 and $373,112 for the fiscal years ended June 30, 2022 and 2021
Net Lose= $18584797
Total net loss was $15,882,195 for the year ended June 30, 2022 compared to $2,702,602 for the year ended June 30, 2021. The increase was primarily due to research and development expense and the cost of financings.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793222007622/xeri_10k.htm
TIC TOC
Purposely misstating the original intent about XERI is a typical attempt at spreading misinformation.
No one-cares-about laughing last, just about LONGS DOWN 98%.
Let's see who gets the last laugh.
ZERO VOLUME AND 240K ASK @ 29...DOESN'T LOOK GOOD TODAY
The fact that you're not looking for inside info should make it easier for and email response, but I also understand a lot of the reasons not to respond! TMF is not a fly by night outfit, they're reputable. If this was not legit, they would have contacted XERIANT with legal action. A progress report would be great, maybe DUFFY can enlighten us?
LOLOLOLOL..."DESIGNED TO RESULT IN PROFITS" AND THIS POS SCAM DON'T BELONG IN SAME SENTENCE.
FYI: R&D expenses (although treated as "losses" for accounting purposes) are actually investments -- in XTI, NexBoards, etc. -- which are ultimately designed to result in profits.
Their PRs have said a lot of things and then months go by with no updates. And if the CEO said what he said he should be fine responding to my email. It's not hard to answer an email with a quick confirmation. But, NNC's ceo talked to me over the phone and nothing has been mentioned about NNC since the LOI PR in September of 22. Will this partnership fade away like NNC, XTI, Retacell, etc., etc. I'm just trying to find something to cling to at this point.
The most recent PR clearly stated that TMF is partnering with XERI on the production of NexBoards! They quoted TMF's CEO. It's right there in black and white!
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
REAL BROKE & NO REVENUE!!!!!
Net loss
Total net loss was $15,882,195 for the year ended June 30, 2022 compared to $2,702,602 for the year ended June 30, 2021. The increase was primarily due to research and development expense and the cost of financings.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793222007622/xeri_10k.htm
TIC TOC
TOO BAD xeri IS BROKE....
KINDA HARD TO PRODUCE ANYTHING WITH NO $, AND BAD CREDIT....
That's all i'm asking for. Just confirmation that they are working with Xeri and anything else they can provide is icing.
Typical attempt at spreading misinformation about XERI by purposely misstating the original intent.
I doubt TMF will be readily providing non-public information related to their test production run of NexBoards until XERI is prepared to make an official announcement. However, they might be willing to confirm or elaborate upon publicly-available information.
This part "The next 10Q will be full of bad news" of the statement is correct!!!!
YOU HAVE BEEN WARNED
TIC TOC
We have a heart beat, time to get this back up and running.
DIDN'T WE GO OVER THIS LAST WEEK OR WEEK BEFORE??? JUDGEMENT WOULD HAPPEN AFTER THEY FAIL TO TRANSFER ASSESTS/SHARES UNDER THE TERMS OF DEFAULT....
And still they haven't completed a deal. Another week starts in silence. And, of course, no response from TMF to my email. Terrible job, but everthing is terrible right now. Crypto, stock market, housing market are all under attack by our own Government.
I expected XERI to show us something today, get the defibrillator ready.
No Default! XERI... $$$$$$$$.. LONG!!
NO filing EVER said that a default has occurred!!!! WITHOUT A JUDGEMENT OF DEFAULT there is NO DEFAULT!
XERIANT. is a scam.
Always has been.
XERIANT, Inc. has ZERO products and ZERO revenue! CEO lies.
CEO is a grifter with an apple pie football analogy talkin' smile.
What is fiction about the filing and DEFAULT that it describes that has occurred as of March 15th.???
YOU WERE WARNED
TIC TOC
Why don't you point to the 8-K that shows negotiations are still ongoing now that the March 15th deadline has past. The last 8-K clearly states the obligations that XERI hasn't met. Nothing shows XERI and Auctus are still negotiating as they have done in the past. Now the next 10-Q will confirm DEFAULT if NO 8-K is filed before then.
Effective August 1, 2022 (the “Effective Date”), Xeriant, Inc. (the “Company”) entered into an Amendment to Senior Secured Promissory Note (the “Amendment”) with Auctus Fund, LLC (“Auctus”) pursuant to which the parties agreed to amend the Company’s Senior Secured Convertible Promissory Note in the principal amount of $6,050,000 dated October 27, 2021
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793222005599/xeri_8k.htm
Effective December 27, 2022 (the “Effective Date”), Xeriant, Inc. (the “Company”) entered into a Second Amendment to Senior Secured Promissory Note (the “Second Amendment”) with Auctus Fund, LLC (“Auctus”) pursuant to which the parties agreed to amend the Company’s Senior Secured Convertible Promissory Note in the principal amount of $6,050,000 dated October 27, 2021 (the “Note”) issued to Auctus. The Amendment (i) extended the maturity date of the Note, the obligation to uplist to a national securities exchange and the acquisition of XTI Aircraft Company to March 15, 2023,
https://www.sec.gov/ix?doc=/Archives/edgar/data/1481504/000147793222009572/xeri_8k.htm
Point to a SEC filing that definitively supports any of the conspiracy theories. (Subjective interpretations of what might happen don't count.)
I continue to BUY!... Buy!!.. buy!!! XERI... $$$$$$$$.. LONG!!
LOLOLOLOL.....SEC FILINGS DON'T MEAN ANYTHING???
THOSE THE 7 BLOCK ONES DUMPING THIS POS SCAM...
If XERI defaulted, which it hasn't, It probably wouldn't have seven(7) Large Block Owners. XERI... $$$$$$$$.. LONG!!
LOLOLOLOL...."NON EXISTENT"
SEC FILINGS PROVE OTHERWISE....READ THEM!
The next 10Q will be full of bad news for anyone expecting to get confirmation of non-existent defaults.
You didn't address the March 15th DEFAULT that should clearly be stated in the next 10-Q. How will Duffy explain his way out of this IF an 8-K describing another extension from Auctus isn't filed. You really think anybody will continue to believe the BS after the DEFAULT is confirmed.
BTW I BET YOU STILL THINK SCAM XERI WILL RECEIVE ANY XTI STOCK. LOL
YOU HAVE BEEN WARNED
TIC TOC
10-Q will be filed late, most likely.
All the plans for some Nexboard with Retacell manufacturing plant will still be "we're working to find locations and implement... yada yada..."
Next New Concept, Inc. will again be given no mention in the 10-Q.
Anyone call and speak with the Next New Concept, Inc. CEO again? How's his 5-year African 35,000 house housing project going? Start date is June, 2023. Oops, no Nexboards... He must have moved on from ties with Xeriant.
What else will be another major Xeriant non-development?
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