Replies to post #1330 on Xeriant Inc (XERI)

[buzzabby]

Sent will report back.

As for Spectrum via their FB I don't trust that. Did the answer come from a principle in the company? Sounds odd.

[buzzabby]

Response from Ben

Thanks again.

Its in the sequence.

The BANJ shares are reversed first, then new shares are issued. The way it is expressed is confusing. A result of an extended negotiation and the way the negotiation was approached. In fact there is no expansion of capital at the current price before the reverse and issue of shares.

I hope this clarifies.


Ben Macpherson
CEO
Banjo & Matilda
Los Angeles | Sydney


I followed up to confirm 25-1 on the BANJ side and that is confirmed. Anyway you slice this it appears to come out with a very low float and .40 a share meaning MM's are stealing shares at a big discount right now.