Xeriant Inc (XERI)

[Smartypants2]

According to the last 2 quarterly filings, XERI paid out over $5.1 million for the XTI/XERI JV. That’s in addition to the $1 million initial payment made in May. So they’re actually ahead of schedule to pay out that $10 million for 10% equity interest in XTI before the 12 months are up. (How they described the payments in the filings is irrelevant. The money was paid and the information was public!)

XERI is owed an apology!!!

Despite accusations to the contrary, they haven’t defaulted on their financial responsibilities to the JV and XTI. In fact, they have been TOTALLY responsible for funding ALL the improvements that have been made on the TriFan 600 prototype — which bodes well for the next logical phase of the relationship (ie, the merger).

As for the recent payments to Movychem, they are a positive sign that a direct relationship exists (or will soon exist) between the two companies -- which is what XERI's public statements have indicated. Such a relationship would likely mean that XERI will receive a far greater share of the substantial revenues projected from the sales of Retacell!

And by the way, it is a mistake to assume that XERI has lost the nano-lubes or any business in which Xeriant Europe was involved. XERI made it clear that are focusing on finalizing the XTI and Movychem deals first and then -- once those deals are in place -- they will obviously be in a much stronger position to finalize their relationships with XE, CoFlow Jet, Praga Avia, etc.