Replies to post #2496 on Xeriant Inc (XERI)

[dabullishbear]

I personally believe that the person behind the BANJ shell only wanted to have a legitimate and successful company merge in. The reason I say that is because the first company they tried to merge in here, Spectrum King, is a successful MMJ LED light company doing $20m+ in revenue and has a partnership with CREE a large Nasdaq company. That deal ultimately fell through for whatever reason and never really got going hype-wise because Spectrum King was foolish and wanted to do an insane RS and wipeout shareholders.

This is an incredible opportunity and BANJ was always destined to merge with a legitimate and successful company.

[carbonfiltered]

They won’t be sold, upon conversion, holders would lose voting rights and control, which would allow a hostile takeover resulting in loss of control of the company and its intellectual property. There is a reason AAT acquired 85% of those preferred shares. Giving them up would mean giving up everything including the rights to the patents.