Xeriant Inc (XERI)

[Smartypants2]

FYI: The text DID change! This is the first time we see specific language citing Movychem's failure to meet its obligations as per the JV agreement.

The closet I found was in the S-1/A that stated: "After working through Movychem over this period of time and experiencing a number of issues, including supply chain interruptions, mechanical failures, and the general inability to produce an industrial-sized composite wall panels made with Retacell®, we have been in development of an upcycled wallboard panel that can be produced in the United States at industrial scale. This approach will enable us to unlock existing demand indicated by several homebuilders and developers. Industrial production requires the panels to be cut in varying thicknesses and sizes, including standard 48” x 96” sheets, economically and with consistency and efficiency."

XERI's future in green building materials is with NexBoards & TMF, not Movychem!!!