Replies to post #2490 on Xeriant Inc (XERI)

[Timetravelerdos]

Correct That is good news as Banj states the Restricted shares can't be sold for 6 months.

We have issued 3,126,832 shares of our Series A Preferred Stock in the Exchange. Each preferred share is convertible into 1,000 common shares. Once converted, all of these common shares will constitute “restricted shares” within the meaning of Rule 144 under the Securities Act of 1933. All of these shares will become eligible for resale under Rule 144 commencing on the six-month anniversary of the closing of the merger.