Xeriant Inc (XERI)

[StockItOut]

10-K "Xeriant’s financial commitment is $10 million, contributed over a period of less than one year, as required by the aircraft development timeline and budget. (bold emphasis added)

."as required by the aircraft development timeline and budget."

Lots of mutability there.

The mutually beneficial Eco-Aero, LLC JV Agreement allows its 5 member mngt team to make timeline adjustments, and changes... right? Yup!


And just in case you missed it in the audited 10-K: "The Agreement was effective on June 4, 2021, with an initial deposit of $1 million into the JV."

And the SEC filed 10-Qs and 8-Ks stating $5.5M paid to XTI Aircraft... hhhhm... all just lies to the SEC and to shareholders, and to the Market. And XTI Aircraft is in on it too.... hmmmm...

Highly, and highly likely, improbable.



Oh... by the way... in case you missed it, the 2021 audited 10-K stated:

The Agreement was effective on June 4, 2021, with an initial deposit of $1 million into the JV

. Of course... hmmm... such audited claim in no manner supports further subsequently Xeriant filed SEC financial filings claiming a total of about $5.5M paid by Xeriant to XTI Aircraft.

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