Replies to post #15104 on Xeriant Inc (XERI)

[quester614]

Cant' C/P from the JV agreement so read 7. default.
Last 2 lines of 7.1 where XERI gets the Pro-Rata Shares
Read 6. last sentence about a Liquidity Event as defined in 2.2 which happens to be the redacted part.
Read 9.2.1 where it says everything will go back to XTI.

So we don't know for sure what is in the redacted part that the question.
Seems to me that's what it is saying. XERI could be left with nothing. BTW we went over this before. This is my opinion of how this reads with the unknown factor yet to be revealed.
https://www.sec.gov/Archives/edgar/data/1481504/000147793221003919/xeri_ex21.htm

[quester614]

This is why I kept saying Labelle had protect XTI from Duffy. I think we'll find out that XERI committed something that will trigger this Liquidity Event. I think that Duffy takes more toxic debt before the investor finds out. The XTI JV falls though Duffy defaults on Auctus loan and possibly another one. I have said I do think that some capital went to XTI in order to let Duffy promote JV and merger in order to sell shares. I don't think Labelle ever intended to let Duffy be involved in the company.

Just read 11.16 that's The non compete clause where it looks like XERI won't be able to compete against XTI for 2 years. Without XTI XERI can have no aerospace flagship and will be doomed. The whole Europe thing just a big scam also. We will see soon enough. Duffy can't hide this much longer.

[quester614]

You will also notice 3.1.1 under Management of the JV. It states that they can modify the business plan of the JV as out lined in Exhibit D, which just happens to be the redacted part of the JV. I interpret that to mean it is completely adjustable to fit their needs. That might have been in case they couldn't keep it going until May 31. Labelle had a way out to save face.