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Its really sad to see people so manipulated by these scam artists - its like people who support democrats, no matter how bad things get, they always find an excuse to support them. I've seen people put their last penny into scams like this and lose it all be still defending their decision - its sad. I still have a few thousand shares (that are worthless now) because I bought into the original idea they put out there, which turned out to be a lie. Just a freaking lie!!
The only thing this company is "trying" to do is scam everybody into buying their stock so they can take their fat girlfriends out to a nice dinner this weekend - that's all.
Today's "press conference" is nothing more than a pump/dump propaganda play. Xeri does not benefit from XTI's potential revenue. They keep talking about a "joint venture" but don't mention any details about a merger or revenue share. This is just highlighting the scam that these losers have been pushing for the past 3yrs. Better save your money!!
Unbelieveable, they put on this show just to push more pump/dump. Nothing new. I got to it by clicking the "youtube" option on the page. What a bunch of scamming scumbags!!
Have any of you ever looked at the Level II trading on this P/D? Look at a chart over the last 30 days. Its been trading in the same range and if you watched the Bid/Ask Price/Qty you'd notice it seems like a coordinated effort to keep the stock from dropping below a certain point and to slowly drive it up so naive people get excited and buy-in just to hit their order to dump hundreds of thousands of shares at a specific price that doesn't change until all shares are sold. There aren't enough new or current "investors" who push this thing to 500k-1mil share trading days - its a manipulated dump operation and at some point its going to crash!! I've been watching everyday for a while and that's what it looks like to me so, I'm going to get what I can while I can. The one thing that can change things is XTI actually acknowledging it is "interested" in a SPAC merger deal of if Maxim actually comes through with some money otherwise, this was a scam from the beginning. The Duffy brothers thought all they had to do is say they've formed a SPAC and are merging with an established innovative company and the stock would skyrocket, at which point they'd cash in and hand it over to the bag holders, which is what they did with their 200 acres land deal that was supposedly a marijuana farm!! You might want to stop enabling this scam and start applying some common sense analysis to it.
I like what XTI said in their Press release. It made clear they are company with a plan, a product and a mission. They also verified receiving funding from Xeriant, which is what I've been looking for. I didn't sense much B.S. in their comments but, I also didn't get a sense of them being in the market for a merger with Xeriant - they seem to be going it on their own, that is if they can raise money elsewhere. But, the merger thing is still up in the air and is THE catalyst for Xeriant's existance right now. It seems Xeriant is just trying to leech onto XTI's success to make a quick buck so we'll see if XTI goes for it - if they do, fluffy and his team of overpaid "consultants & advisors" will not be in the final picture.
Bottom line, I want a piece of XTI - they're the ones with the HUGE opportunities.
I like what XTI said in their Press release. It made clear they are company with a plan, a product and a mission. They also verified receiving funding from Xeriant, which is what I've been looking for. I didn't sense much B.S. in their comments but, I also didn't get a sense of them being in the market for a merger with Xeriant - they seem to be going it on their own, that is if they can raise money elsewhere. But, the merger thing is still up in the air and is THE catalyst for Xeriant's existance right now. It seems Xeriant is just trying to leech onto XTI's success to make a quick buck so we'll see if XTI goes for it - if they do, fluffy and his team of overpaid "consultants & advisors" will not be in the final picture.
Bottom line, I want a piece of XTI - they're the ones with the HUGE opportunities.
.....seriuously??? No mention of the so-called merger "Letter Of Intent"!! This is why you question everything these scam artists tell you. The cheerleaders are constantly parrotting everything the scammers say like its the gospel. This press release was the result of Xeriant knowing that everybody has realized they've been sammed so, they had to put out some more jibberish to keep the stock sales coming in. Does XTI ever say anything about a merger with Xeriant??? This whole stock is based on that merger and uplisting but, at this price, the continual dumping and lack of operation, they ain't gettin' on the NASDAQ!! And, today, he didn't mention anything about the $6m from Maxim going to XTI - its suddenly a "Institutional Financing Round", as if they are now raising money as a stand along company - and I don't want to hear anybody say "the $6m is for the JV" because, especially now, we have ZERO verification of that being closed. We know nothing more today than yesterday, other than "we've been working tirelessly" on dumping stock and shopping for our fat girlfriends. So, if you still believe in this scam, please buy some more - I need that price to go up a little........
Stockig, are you just kidding around or is there some kinda press conference coming up??
Gees Stockit, that's some seriuos due dilligence - all investors should read, there's the good and there's the bad. I'll have to go back on the 10Q, I keep getting hung up on the language of whether-or-not they "Agreed" on $6m (and discount terms) or "Closed". Either way, we'll see what they say in the next filing.
Ok, Stockit. I read the press release as saying 'an "agreement" to provide Xeriant $6m to help fund the XTI JV, not as it saying the deal was already closed'. If they got money, why wasn't it paid to XTI? Also, if they got the $6m and are using it to pay all their "consultants" then why are they still dumping stock? Still don't know why all those $100K's are being paid to the "consultants". And, again, XTI has said nothing about a SPAC deal/merger - just 1 press release comment about the JV.
I'd like for this thing to be real, that's why I'm looking for info/DD that others may have come across but, I'm also looking for solid, verifiable facts. When somebody jumps our there and says he fully expects the merger to close and/or "updates/press releases" to come out in two weeks without any sort of justification for his comments, I'm going to question!
Sugurguy, just wondering if you're referring to the trading activity on this stock. Seems somebody comes in and dumps a big block and then somebody elese (supposedly) comes along and buys it all - which keeps the price flat or moves it up. Looks like manipulation but we don't have enough data to make that call.
Thank-you Stockit for calling out the distorted post of smartypants and others who take and believe all that Xeriant puts out and then adds their Wishful thinking and visions of sugarplums on top of each promise. Xeriant hasn't been making monthly payments, they are "supposed" to get $6m from Maxim to pay XTI for their Joint Venture, which hasn't been verified, rasied or paid at this point. But, that doesn't conclude the "merger", it just solidifies the Joint Venture development - when/if it happens.
It said $1mil/month. But, they still haven't paid ANYTHING! So, the JV must not have happened. The "consultants" got paid, though.
Yep, I read their comments regarding the $6mil meant for XTI but, they were supposed to be paying XTI $1mil/month over the past few months but, there's no mention of it in the 10Q - where's that money they sucked out of everybody to make those payments........oh, that's right, it was paid to the "consulting" firms!!!!
Killa, now that's some DD!! Straight from the 10Q but the cheerleaders on here must not understand the impact that issuing all that stock does to the price (id, dilution). Also, all those hundreds of thousands of $'s - where did they go? It went to the "consulting" firms owned by the execs. But, to do what - nobody knows because they have no product, they have no operation, they have no R&D so, it must be going toward office space, internet connections, a couple of computers, some phones and dinners!!! Not to mention trips, houses, cars and fine wine. At least that's where I suspect the money is going - anybody else have any ideas what's happening to all that money they're raising by dumping stock?? Its not going to XTI, like they said it would be so, where is it going???
Not sure what your point is but, if you read the 10Q filing, you would've seen all the money going to "consulting" firms owned by the execs of xeriant - and you would've seen that there is no actual business operation, no product being produced, no R&D, no money going to XTI (ie, JV agreement), 20mil shares issued to "advisors" and warning that further dillution of stock price will occur as new stock is issued to raise money to pay their "consulting" firms. Yet, you talk like this stuff is not happening and any mention of it is mean and derogatory........
Good point, we all have access to the information I just laid out in my last post so, there are no assumptions or opinions. When laid out, the facts don't look so good - especially the one about the $100's of thousands funneling to the execs every qtr through "consulting" companies - that's a HUGE RED FLAG!!
Why isn't XTI putting out any statements about this GREAT NEW FUNDING and "IPO" opportunity they're working on???? Ever wonder why they've not said anything??
Look at the facts, not the propaganda.
Yes, I have my opinion....which is based on the FACTS that there are no products being produced, there is no operation, there is no R&D, the "execs" of this fiasco are funneling hundreds of thousands of $'s/qtr to themselves and their Friends & Family through "consulting" companies (look at the 10Q) and XTI doesn't mention anything about a deal/merger/partnership with XTI other than a vague press release a few months ago prompted by Xeriant.
In my Opinion, the stock price is down from 58 cent/share to 8 cents/share and in my Opinion, the shares outstanding have increased by about 100mil over the past year and, in my Opinion, the "advisors" who were GIVEN 20mil shares/warrants (ref: 10Q) with very limited restrictions at very low prices have dumped those shares on the open market just to make a buck without any concern for dilution or driving down the stock price because they apparently see no value in holding those shares and, in my Opinion, the $6mil deal they did with Maxim apparently isn't helping anything if they have to continue dumping stock to pay their bloated salaries (ie, "consulting" fees).
So, call it Opinion all day long but its all based on facts. Your propaganda isn't based on facts, just assumptions and wishful thinking.
My point is, you're blindly supporting that everything they tell us is True! Sorry but, in money and war, you don't listen to the messenger, you verify his sources and for this company, you have ZERO verification of anything you say other than Xeriant's propaganda press releases.
yep, when we say they're "dumping" shares, that also includes these unrestricted/warrant shares. All those "advisors" got millions of warrants/shares for something like 1 cent so they don't care about dumping them for a nickel, dime or even 15 cents - a freaking scam!!
That's called DILUTION. They have been putting in orders to sell 300K+ shares every other day at a certain price and don't change until the shares are all bought. This is why any run up gets shut down, they dilute the hell out of it and keep the price down. If these greedy bastards weren't so greedy, the price would be over $1 by now!!
Xeriant has done Nothing to help XTI develop their plane!!! Nothing!! XTI has been in business for years and has had a prototype for yrs before Xeriant was even formed!! Why do you keep saying stuff that is just assumption with no basis of fact?? You're taking everything Xeriant says at face value, as if they are the most honest people on earth then you're reading stuff into their statements that doesn't exist. People have lost a lot of money on this scam and you're contributing to their bad decisions to dump money into this stock that they can't afford to lose.
"Without Xeriant, none of this could happen"!! What has Xeriant done to help XTI develop their plane?? Nothing!! They have no real relationship since no money has been paid to XTI to fund development. Xeriant is just trying to leech onto XTI's success and they're promising loads of cash they can't deliver so, why does XTI need Xeriant, at all?? They don't!! XTI just needs investors but that's not really going to happen with Xeriant because people have lost faith in Xeriant and their pocket-lining.
I'm calling out the B.S. at this point because I've waited to see if they're claims of mergers and new products come true but, it more and more seems like a bunch of pump and dump B.S. Two things stick out: 1) Claims of LOI's and mergers that resulted in NOTHING, no revenue, no P&L and no additional employees - how can these dudes supposedly own other companies yet have no employees??? 2) The money they've scammed from buyers of the stock has gone mostly into their pockets. This is the big RED FLAG - if they were a true "startup" trying to make ends meet and bring products to market, they wouldn't be paying themselves hundreds of thousands in salary and "consulting fees". That says scam all the home.
Be positive all day long and keep up your wishful thinking but hopefully you can afford to continue losing your money. I reduced my exposure so the continual losses aren't going to impact me.
Sorry, Johnny Blues but, none of the "Press Release" propaganda can be verified, especially about the $100mil. They claim to be able to raise $100mil, HOW??? They thought they could do it by pumping and dumping the Xeriant stock but, people have caught onto their scam and aren't wasting their money on it. So, how are they gonna raise $100mil?? They're not going to!! Why?? If they could do it without the pump and dump of Xeriant stock then XTI could do it themselves!! If an investor wanted to drop a $100mil on XTI's development, why would they go through the scam company Xeriant?? They'ed go directly to XTI!!! These dudes may have had great aspirations, thinking all they had to do was claim to be a new SPAC and make some big announcements which would drive the stock through the roof but, they're so dam greedy and trailer trash that they shot themselves in the foot by dumping the hell out of stock every time it went about a certain amt, keeping it as low as it is - they sealed their own fate by their greed!!
There it is again, 300K shares dumped, clock work. They need more party money for the weekend so, ya'll jump in an getcha some - don't want the masters going without a coat this weekend!!!
Thank-you, Killa. These dudes sit around and praise anything and everything the Press Releases say then, run with it, telling the whole town how Xeri is gonna have a billion $ merger, raise $100mil to fund development, how legit the company must be since they gave 20mil shares of stock to the so called "advisors" but glossy over the things like constant dilution, payments to friends and family, no evidence of any agreement with any company they claim to have done a "LOI" or "Definitive Agreement" to "Merge" - they don't notice how narrowly they parse their words in these "Press Releases" to ensure they're not legally bound to any "assumptions" one might make from their forward looking statements. Kinda sad. More dilution, that's all and the only people making money are the ones gettin' paid by our stock purchases.
Yea, we're still working on our LOI (letter of intent) which means we "Intend" to work on a "merger agreement" and it will be a "definitive merger", not just a half-ass "hey I hope we've merged" type agreement but, a "definitive" agreement!!!!
Yeah baby!! By the way, ya'll mind buyin' some of these 600K shares so we can have some party money over the weekend - I'll pay ya' back, promise!!!
No Credibility left, people. Seriously, dumped 600K shares thinking their little pump stunt was going to pump up the price???
Interesting. FUTL rings a bell. I'll go look this up. But, I can tell be his actions, comments and press releases that he's done this many times before - just wonder if any of it was legit.
Yep, guess I need to return my Global Finance VP award from a few years ago in one of the worlds largest and most recognized companies.
Regardless, I follow you on the timing. But still concerned about things not in the 10K that I was expecting to see. Also considering the timing, there should have been talk about some of this stuff.
I like what lebbe put out, refer people to the actual docs.
If we get real info on a merger in the next few days, things will look better but not out of the hole, yet.
Thanks for the enlightenment - I didn't know that quarterly filings and annual filings actually covered specific fiscal periods but, I know now!!
About XTI: why would they want anything to do with Duffy? From what I've seen, XTI is for real, has a real concept, supposedly real order pledges, real R&D and real management so, why would they have anything to do with Xeriant, what does Xeriant have that XTI doesn't??
Answer: Xeriant is a public company. XTI needs funding to bring their product to market and they're apparently not getting it from "angel" or "private equity" investors so, they're going the route of dumping stock to raise money - which is the way many large companies got their start.
So, if Xeriant-XTI is a real merger, we no longer need Duffy and his crew of freeloaders - XTI has the goods and should be in control of the new entity. But, they will need to pump up the price and dump a lot of stock to generate enough cash to bring their product to market - which is not necessarily a bad thing, just depends on how its accepted in the investment community and if investors think they have a product that will generate a lot of revenue. Bottom-line, there is a huge upside to owning cheap shares right now.
But, what happens if some hot little thang comes along and says to XTI, "hey baby, I got private equity funding willing to lay down $100mil to bring you to market but they want ownership"!! What do you think XTI would do? Hell yes, dump Xeriant, especially if Xeriant isn't making their $1mil/month payments. So, there is a lot of downside risk. That's why its so important to verify all the comments in the Press Releases and to justify your forward looking statements.
The golden goose is XTI because Xeriant doesn't have anything to offer other than a SPAC looking for a host to leech on to.
Why the hell are ya'll so concerned about somebody asking where you're getting your "insider" and forward looking information?? Why do you have a problem with me giving my experience with this company? Why do you have a problem with me helping you read the P&L and understand the 10K - ya'll certainly need it....
I actually had BANJ before 2015 and more than doubled my money in a very short time. But, the economy went to hell, they got overextended and ended up running out of cash so, they resorted to dumping stock to stay alive. They had a great product, brand and still have a retail location in Australia.
At one time, they had $3mil in revenue. So, I just held a bunch of shares since they were only $0.003/share. But, they met up with this Duffy character who, best I can tell, came up with a scheme to takeover BANJ just so he could get control of a listed company. In that deal, Ben Macpherson got stock in the new company that he likely dumped into the market upon the announcement of the "buyout/merger" with Duffy (Ben is Elle Macpherson's brother). That's how we got here.
Big question, has Duffy played this game before. Has he owned other penny stock companies that have been diluted into oblivion? We need to know that. If there are signs of life, I'm adding a lot to what I got, fast. But, if things keep going the way they're going, not looking good. So, stop attacking me and pumping out whishful thinking and unsubstantiated comments. But, again, I have no problem with cheerleaders and positive thinking, just don't cloud that with actual DD info.
I've read all the PR's, problem is, you haven't. Or, maybe you have but you didn't understand or you just filtered the silver lining out of nothing more than wishful thinking. You also need to understand a P&L, Balance Sheet and SEC filing. Don't know why you're giving me a hard time just for pointing out what I know about this company - you act like its your grandfather running the show and taking everybody's money.
Question: how much of the $1.6mil in stock sales (ie, dumping, dilution, etc) did Xeriant put toward actual development of product?
Answer: None of you know because you can't read a P&L or the the 10K filing. They spent about $380k on R&D and the rest went to friends and family consulting fees. And, what was that R&D spent on? Anybody know? Xeriant doesn't have any products, they just have "joint ventures" and LOI's. Are any of the other companies they supposedly own doing anything other than talking about the great ideas they have - if so, do they have their own P&L's or are they included in the Xeriant P&L?? None of you know that because its over your head, yet you talk like experts on these subjects.
The "Advisors" were paid with 20mil shares of stock - that ya'll apparently are all to happy to go out and buy when they dump it on the open market, which has driven down the price.
So, stop attacking me for just pointing out stuff and asking you to verify your forward looking and wishful thinking comments.
How do you know the "payments" will be in the next filing?? Why make comments like that unless you know something the rest of us don't because, at this point, there should have been mention of this in the most recent 10K and there should be some sort of documentation somewhere showing those payments - why do you keep saying stuff that is nothing more than speculation and wishful thinking.
btw, I bought this stock in 2014 so, don't really need to hear your half-witted commentary. If you're going to say something, make sure its factual and can be backed up.
Why are you questioning me? I bought BANJO back in 2014 and, sorry to one-up ya', I bought before it went below a penny. Then, they did the reverse split and it has been going down ever since. I actually made money but have lost from more recent buy-ins.
As I said, I'm pissed off about this stock because of the pump and dump they've been running. And, a reputable company would not run around screaming that their "wanting" to merge with another company - specifically because it misinforms the investment community. Then, you come along and say "they're working on finalizing the merger agreement" - how do you know that? Do you have some special access to information the public doesn't? Its ok to be positive and a cheerleader but pretending to have information through due diligence that others don't that turns out to be nothing more than you're own wishful thinking is detrimental to those of us who are searching for guidance. I've owned this stock longer than all of you and have lost too much money already so, I'm just calling out the B.S. of those who are trying to censor a viewpoint you don't like. People need to know what's really going on with this stock.
Is there really a company at the listed address?? How many other penny stock companies has what's his name been involved with?? A few of you seem to know everything so, let us all know these answers. Chuckie is trying to hit a grand slam by becoming a SPAC by pumping out a merger with XTI but, is any of that even "really" happening?? A couple of you swear by it like you know something but, it dam sure wasn't in the 10K filing and there were no payments listed in the 10k filing to XTI for this so-called joint-venture/LOI/Merger "great idea" so, how do you know a merger is happening? Nothing but talk, pump & dump and a lot of dilution at this point.
I"ve been in the corporate world for 30yrs, I've never seen not heard of an LOI and, it wouldn't be made public if one existed - I"ve seen preliminary agreements but, again, those aren't made public. I worked on a joint venture between Dell & Walmart for over a year and nobody was allowed to mention a word to anyone outside our project team, we had a code name for it so we could talk about it without mentioning names.
I'm not negative about this stock, I'm pissed about it because they've pumped out a bunch of information that sounds great and looks great but they haven't delivered. I was expecting a run up in the price till I noticed everytime it got to a certain level, millions of shares would be dumped, driving the price back down. Then, a few of you guys on this forum act like you have some well researched due diligence that I've listened to, which only turns out to be your uninformed opinions. So far, this chuckie dude has turned out to be a great pump & dump artist and dreams and wishes have cost a lot of people millions of dollars!
I've never seen, nor heard of a "Letter of Intent to Merge". Either you're announcing a definitive merger agreement or nothing at all - you don't telegraph inside information. And, you either merge or you don't merge, you don't sign a Letter of Intent. And, somebody is acquiring somebody so, who's going to be running the company? This pump and dump is getting old. They expected a big run-up in stock price upon the "merger LOI" announcement but, investors are worn out on their game. Xeriant is supposedly going to pay XTI $10mil and the only place they'll get that money is from you - straight from your pockets, if they actually pay it. So, expect this stock to continue to decline because they'll need to dump 10's of millions of shares to pay themselves, their friends and XTI - again, that is if they're actually going to invest $10mil into XTI, so far, their has been 0 evidence that has occured.