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That description fits something else.
Welcome to the OTC. Where there is a GOOD chance you will be SCAMMED out of your money. Not unusual to see major gain in the beginning only to end up back where the SP started or lower after all the BS comes out. BEEN playing in the OTC swamp for a long while and I knew to get the f**k out of this POS. Tried to warn others but to NO avail.
TIC toc
Good idea....BLOW MORE $ on this POS SCAM RUN BY LYING GRIFTERS.
When they go bankruptcy you'll wish you sold EVERYTHING a LONG time ago.
Kill, at this point in time nothing would surprise me, are we really off the hook? Did Duffy know these guys were shearing sheep? Did Maxim know, after all they enriched themselves. I'm wondering how many of these 100's of companies were involved with Maxim. When I say that it's pure speculation. if it is some sort of organized loaning scheme I'm sure it will come out.
I feel the need to purchase more shares. XERI... $$$,$$$,$$$.. LONG!!
That was just companies that did some business with auctus from 2009-2020. But, they closed the deal late 2021. So, what exactly did they do prior to 2020? Negotiate how to SCAM NAIVE RETAIL perhaps???
JUST A POS SCAM RUN BY LYING GRIFTERS....
Filings will be at the end of September. I doubt if Duffy puts any news out before then . No more BS PRs about TMF, NNC. XTI, MovyChem,or Retacell for fear of digging a deeper hole.
TIC toc
Tomorrow, is the last day of XERI fiscal year. XERI... $$$,$$$,$$$.. LONG!!
Kill, if you've noticed, xeri was 215 in the SEC COMPLAINT. It's as simple as that, nothing read into it except for being able to see the words written in black with a white back ground.
Nobody cares if Xeriant got screwed by Auctus and it'll take a while before anything happens. It'll move at a snail's pace and these MMs certainly don't care. Closed at low of the day. The manipulation continues because the SEC has left these crooked MMs in charge.
They must have made the deal out if the kindness of their hearts. LOL
Maxim Group LLC acted as the exclusive placement agent for the offering.
https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/xeri_8k.htm
What do placement agents do in private equity?
A placement agent serves a vital function in the fundraising market. Placement agents are hired by investment funds (e.g., private equity fund, hedge fund, real estate fund, or other alternative assets) to raise capital quickly and efficiently, which they achieve by introducing the fund managers to qualified investors.
https://www.investopedia.com/terms/p/placement-agent.asp#:~:text=A%20placement%20agent%20serves%20a,fund%20managers%20to%20qualified%20investors.
Looks like they made sure to cover their ass. LOLOL
I didn't want to mention maxim, I have no news or heard allegations but they may be scrambling.
LOLOLOLOL...."theft"
They borrowed the $ and made the uplist and merger deal with those stips. they FAILED AND DEFAULTED. So, you're calling the lender a "thief"??? I doubt they even sold 1 share of this POS SCAM yet. If they were the sp WOULD be in the TRIPS for sure.
xeriant does NOT get off the $ owed. They can and most likely WILL claim bankruptcy. But, that does NOT excuse them from paying back the $. They WILL have to give up any assests they have which only looks like their stake in the XTI Trifan600 development. THAT'S IT!!!
Xeriant used Maxim Group to find Auctus. Maxim was the exclusive placement agent. The placement agent finds the loan source and facilitates the transaction.
https://www.sec.gov/Archives/edgar/data/1481504/000147793221007820/xeri_8k.htm
Got any idea of a time limit on when to expect this bounce. There was someone saying .10 by the EOM. That's not going to happen. PROVEN BS
Do you expect this kind of bounce Next month. Maybe after a wonderful 10-K filled with awesome news. LOLOL Just what is the size of this expected bounce? .05 (100%) of where it is or higher like the other prediction?? Maybe even a super bounce that takes it to , .20, .30, even .40 and put you back into the green. HOW MUCH LONGER SHOULD PPL WAIT??????? 4 years this already is a LONG investment.
I see a huge bounce coming to XERI, as it should.
Anyone thinking Auct ass has some sort of alternate play is just foolish nonsense. I don't say that trying to be demeaning. Auctass and anyone with prior knowledge contributing to their theft is in for a rude awakening. The majority of the people that have their money stolen by these groups are retail. The SEC is listening. and we're yelling.
I would expect Auctus' right to recoup their loan and default penalties, maybe interest too.
As to a "way get an outside source to follow through", maybe they can sell the debt Note, not sure.
Since I don't think Auctus has diluted yet, could they in some way get an outside source to follow through with the share agreement legally. So far have they done anything wrong if they haven't sold any XERI shares. So do they still have rights to the warrants & shares agreed to because of the DEFAULTS????
Yup, just bullshit. Crickets...
NOPE!!! JUST A POS OTC SCAM RUN BY LYING GRIFTERS. THEY'LL NEVER BE EXCUSED FROM THE 10M LOAN AGREEMENT THEY NOW OWE AND HAVE DEFAULTED ON MULTIPLE TIMES ALREADY.....LOLOLOLOL
Well then if A number of securities attorneys agree with you that's all I need to become a believer in Duffy/XERI again.
Now I CAN'T wait for all the PRs saying Nexboard is in production and ready to ship to Africa. Working with NNC to fulfill a 9 figure building project
Now I CAN'T wait to see the updated S-1a with all the blanks filled in and the announcement of a RS to get the SP to the $4 requirement for NASDAQ uplist.
Now I CAN"T wait for Duffy to get a New Toxic Loan so the XTI merger can be completed.
Now I CAN'T wait for Duffy to finish the MovyChem JV and gain all patent rights to Retacell.
How CAN I wait forever since none of this will happen. This SCAM IS DONE. Good thing I won't have to wait much longer to see the END.
TIC toc
What evidence newly exists that "Xeri has wings and this is just getting started"?
What is it?
Your basis that the SEC will eviscerate Xeriant's debt because of Auctus' troubles does not address what I previously posted about.
A loan is a loan and is not an ill-gotten gain.
Xeriant still owes Auctus the loan amount itself and the existing added-on penalties that became increased debt as result from Xeriant's two Note defaults and then subsequent Xeriant/Auctus mutual agreement to extend the terms of the Xeriant's debt Note.
"Auctus is F##Ed" = I agree! Yet, is not basis that "Xeri has wings and this is just getting started." What is?
As for, "If Auctus was still selling Xeri shares we'd be below 2 today," what basis and information exists that shows that Auctus has done any selling such that Auctus may be "still" selling, as you convey?
Other than bullshit promotion, what evidence supports your claim?
Just hope and BS?
.
BCJ is right! The SEC isn't going to help Auctus off the hook by allowing them to collect on their outstanding loans, since their business model was basically illegal -- starting with the fact that were pretending to be licensed and they were making usurious loans. A number of securities attorneys agree with me.
However and for whatever reason, Auctus is F##Ed. Xeri has wings and this is just getting started. If Aucpus was still selling Xeri shares we'd be below 2 today.
"ill-gotten gains and/or unjust enrichment." The 'ill-gotten' is Auctus' profiting from entering into and converting and profiting by selling shares.
Unless Auctus has converted and sold shares, it's loan to Xeriant, and its subsequent greater Note value due only to two Xeriant defaults that resulted in Xeriant-penalized Note extensions, then no "ill-gotten" or "unjust enrichment" of converted and sold shares is of issue. A loan is a loan. Xeriant owes Auctus. Period. Additionally, Xeriant is in default a third time now. Auctus 'owns' Xeriant.
The SEC might argue Auctus' "unjust enrichment" by Xeriant's self demise and its three defaults where Auctus was acting as an unregistered dealer and therefore "induced" Xeriant into its Auctus Note, yet I think Maxim induced Xeriant into taking the Auctus loan. Maybe Maxim additionally becomes an SEC defendant down the line.
Should the SEC find Auctus to have self-accounted taxation benefit by entering (inducing) into a Note arrangement as an unregistered dealer this may then fall under SEC consideration of an "ill-gotten gains and/or unjust enrichment" but the loan itself, still owed by Xeriant, is not a gain, in particular if Auctus has converted no Xeriant shares.
"Relief Requested:
Order Defendants and the Relief Defendant to disgorge all ill-gotten gains and/or unjust enrichment received directly or indirectly, with pre-judgment interest thereon, as a result of the alleged violations, pursuant to Exchange Act Sections 21(d)(5) and 21(d)(7) [15 U.S.C. §§ 78u(d)(5) and 78u(d)(7)]."
https://www.sec.gov/litigation/complaints/2023/comp25741.pdf
SEC's complaint does say Auctus' dealings through 2021 (not 2020).
Kill, where there's buying there's selling, it's a tedious climb. I like the activity, shows promise,
IT'S DILUTION....LEARN OTC SCAMS
Today's activity is just another example that (on the OTC) "MM" stands for "Market Manipulator" not "Market Maker."
The PPS will always fall before the rise, that scenario will continue to the teens and above. In the OTC it's the natural order, get rid of weak hands.
What a screw job. Was looking good early, then turned into the normal crap as the MMs walk it back down.
Maybe some MMs (the buyers) know something the others (the sellers) don't?
That theory might hold water IF the gov't gave out $10,000 checks and told people to invest in penny stocks...BUT THEY DIDN'T. And to say "shorting is very rarely done in the OTC" is to dismiss all the grossly undervalued tech-related penny stocks (like XERI) that complain they're being undermined by naked shortselling!
Nevermind, just more MM bs. Trading shares between themselves.
I know it happens, I also saw almost every penny stock make huge gains early 2021 not just XERI. It could be said this universal squeeze followed the law of supply and demand. FREE money (DEMAND INCREASE) from our GOV. poured in from PPL sitting on their asses with NO PLACE to go and spend it.
I know it happens. There are many DANGERS in the OTC world. Dilution comes in many different forms. Most of which prove deadly to the stock. Shorting is very rarely done in the OTC. On the other hand dilution (SUPPLY INCREASE) can come past debt the former owners of the stock had or from NEW owners making NEW debt. This is seen being done by Auctus.
There are groups of thousands that will move on a stock (FRONT LOAD) (DEMAND INCREASE) and hit every social media spot they can to create FOMO (DEMAND INCREASE) in the naive. Then unload as a SM frenze (MOB RULE) takes the mind set over.I noticed a few leaders with 4-5 thousand followers show up but by then this SCAM was too well known.
There is the possibility of counterfeit shares being sold (SUPPLY INCREASE) in markets other than the SEC controlled US market. This would not surprise me one bit. Ukraine is front and CENTER on possible corruption the likes of which we have never seen before!!!!!
There is also insider trading which is a problem but easy to verify DUE to SEC. You also have PPL who buy into the dream while others ( front loaders) put their capital in knowing it's NOTHING but a SCAM.
Last are the front loaders like me who have seen predictable patterns develop. There are a number of the same actors and companies they recycle. There was a time here you could go put $1000 on 10 different .0001 stocks and turn a decent profit with patience and knowing when to GET OUT. Just a pinky getting current would usually push it to trip 5 or above.
TIC toc
NOPE!!! ONLY 70K ON BID @ .023. Just naive retail making UNWISE purchases of a POS SCAM.
Something big is about to happen here. Just looking at the bid and the movement. Something different is going on today.
Shorting can easily undermine the share price of a penny stock -- and, under certain circumstances (ie, a "short squeeze"), the opposite can be true.
I've heard shorting has been the reason this stock price soared to .58. Then we hear how shorting has taken the SP now to new lows. IT's always shorting by MMs that is the problem with XERI succeeding instead of Duffy's FTD anything. After almost 4 years of nothingness is what makes this a POS SCAM not the MMs. JUST MORE LAME BS.
TIC toc
This stock is dead
What was that sound? I could hardly hear it and it's growing fainter...
It was the Pandemic's "Fault?" LMAO! There was a very high percentage of shorting activity right before XERI started to peak. I wasn't aware of it at the time, but a knowledge source pointed it out in late-January / early Feb. 2021
Kill, the damage Auctus aNd certain MM's along with other lending institutions are in for a big surprise. Wait till all these broker dealers start cutting deals with the SEC. Your gr I fte accusations will become a distant echo.
LOLOLOLOL....NOBODY BELIEVING ANY MORE LIES COMING FROM THESE GRIFTERS RUNNING THIS POS SCAM.
STICK A FORK IN THIS ONE.
It wasn't shorting that pushed SP to .58 but a RED HOT market due to all the f**king money our government GAVE AWAY. PPL with their get RICH QUICK dreams of the OTC. Know what I mean????
BTW Do you know that MM stands for Market Maker? They do this by the simple law of supply and demand. We can see by today there is NO real demand for this POS. Most of the days of heavy volume it is about equal B/S. Increased volume is one thing traders look for. It is always volume before price. This attention works both ways. It has Not seemed to have had much of a positive effect at this time. Hence the SLOW grind downward.
TIC toc
There is ZERO credible evidence of any MMs supporting XERI, beyond the brief period when a possible squeeze forced some scared short sellers into driving the price up to .58 for a nano-second.
Quester, you're disparaging remarks don't fix the wrongs that have been done to every retail share holder. Before this's completely resolved a lot of brokers will be paying a hearty price. Everyone of them will be giving up their stolen life styles. fact!
MMs have tried several times now to make this POS look to have some interest, volume before price. Over a mil moved Friday now nothing. I've said before they have put lipstick on this pig but still NO ONE wants to take this POS out.
TIC toc
Market makers were complicit in ripping off XERIANT, they're trying to figure a way out of it. That's why you're not seeing any activity. This's going to blast off and the crooks are going to pay.
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