Xeriant Inc (XERI)

[Smartypants2]

Q, No news about the XTI JV or the merger...Really? There have been public announcements (from both XERI and XTI) about the JV already proving to be successful — having put the TriFan prototype development ahead of schedule. Further, XERI has all the necessary funds (thanks to the $6 million bridge financing) to meet any further JV financial obligations to XTI.

As to the impending merger, Duffy has stated publicly that it is moving forward and, despite missing the original Oct 22nd target date (which was not a “deadline”), there’s no evidence to believe otherwise.

When do I think proof will come? At this point, it’s more likely a matter of weeks, rather than months. But, as per Duffy’s EOY message, XERI’s progress will not be limited to the merger. As I said back in October: "Once that happens, a series of events and/or announcements should start taking place in rapid succession that will could quickly prove one way or the other whether XERI is for real or not.”

I still stand by that prediction.