XTI Aerospace Inc (XTIA)

[quester614]

I have not argued that $5.4 mil wasn't spent. The difference is that the funding does not state that it went toward the JV as I have argued and no XERI filing states money went toward the JV. Instead you have claimed the R&D money was payment to the JV. I have NEVER said that XTI didn't get the $5.4 mil just what they did with it.I have argued that a portion of the money went to the departed CEO & CFO. Seems LaBelle and the CFO could have been put on the payroll.

3.4???????????Appointment of Personnel. From time to time, the Management Committee may employ individuals (who may also be employees of a Party) or consultants to provide services to the JV including engineering and accounting on terms and conditions established by the Management Committee (including receipt of compensation) and as permitted in the Budget.

May 31, 2023. As of June 30, 2022, the Company received $5,407,580 in funding from the JV.