XTI Aerospace Inc (XTIA)

[quester614]

So Duffy was able to come up with $2.7 mil on his own to fund the first Q of the JV. Even after stating that it was evident that XTI lacked commercially viable engineering drawings or designs he STILL goes and secures a $6 mil TOXIC loan on Nov. 8 2021. Which leaves me wondering why take the loan in the first place and what happened to the leftover loan money. Only $2.7 of the $6 mil might have gone to the JV.



XERIANT/XTI JOINT VENTURE
At the conclusion of September 2021, Xeriant had invested $2,761,006 in the development of the TriFan 600, as outlined in the Joint Venture Agreement. Exhibit B, §§ 4.3.1, 4.3.2.
By this juncture, it became evident that XTI lacked commercially viable engineering drawings or designs for the TriFan 600. The designs possessed by