Xeriant Inc (XERI)

[quester614]

Just who would have made the decision to move forward for XTI to file the default on XERI. Certainly not the CEO or CFO of XTI because they were the ones in charge of the committee for XTI. The same committee that could have modified the down payment and budget schedule only to approve the PDR being completed. Thus completing requirements of the JV and paying themselves handsomely. If the committee approved the budget change and declared the PDR completed there is NO basis for default. Leaving XTI holding the bag when the CEO & CFO split.

So there is a way I can see your idea of the committee making the budget changes and filing no default.

These are professional Grifters. I still maintain this was a SCAM from the start. There is double talk throughout the agreement. I still contend the $5.4 R&D money was contributed but little made it to XTI.

BTW it's Yea me the hardworking blue collar man that got lucky with XERI. That's extremely glad not to be a parasitic lawyer living off the misery of others.