Xeriant Inc (XERI)

[Smartypants2]

Looking at the timeline of events, it's pretty clear XERI and Maxim started working together to find a new merger partner for XTI around the time XTI pushed back the TF600 commercialization timeline by about 2 years. Using that R&D timeline, XTI is projecting it will cost about $500 million to fully develop and certify the TF600. So it's understandable XERI would decide it made more sense to help XTI get onto NASDAQ with some other partner -- and thus increase the value of its $5.7 million investment in the JV -- rather than taking on such a large, long-term financial commitment.

Assuming the INPX/XTI merger goes forward, I'm confident the real story of XERI's role will tend to unfold more or less as I described, as it seems to be the only logical explanation that fits the facts that are out there. On the other hand, assuming that XERI received relatively little or no profit for its early stake venture investment makes no sense.