Replies to post #23653 on Xeriant Inc (XERI)

[Smartypants2]

Unless XERI is lying in an official SEC filing, it's obvious why Movychem is no longer in the NexBoard picture -- and why XERI chose to partner with TMF in the test production of NexBoards (as per their most recent PR). I would expect/hope to hear something soon regarding TMF's efforts in this regard -- since XERI is scheduled to deliver NexBoards before the end of Q3 this year in order for NNC to start building those 35,000 homes in Africa.

[quester614]

MORE LAME BS
That was NEVER what the MovyChem/XERI JV was created for. Filing shows MovyChem's obligation was to supply the patents only for Retacelas as stated in the 8-K. Just BS saying MC was to supply XERI's Nexboard.

For its capital contribution to the Joint Venture, pursuant to a Patent and Exclusive License and Assignment Agreement (the “Patent Agreement”), Movychem is transferring to the Joint Venture all of its interest to the know-how and intellectual property relating to Retacell exclusive of all patents, and the Company is contributing the amount of $2,600,000 payable (a) $600,000 at the rate of $25,000 per month over a 24 month period and (b) $2,000,000 within five business days of a closing of a financing in which the Company receives net proceeds of at least $3,000,000 but in no event later than six months from the Effective Date. At such time as the Company makes its $2,000,000 payment (and assuming the Company is current with its then monthly capital contributions), pursuant to the Patent Agreement, Movychem will transfer all of its rights, title and interest to all of the patents related to Retacell for an amount equal to aggregate cash contributions of the Company to the Joint Venture plus 40% of all royalty payments received by the Joint Venture for the licensing of Retacell products. Pending assignment of the patents to the Joint Venture, pursuant to the Patent Agreement, Movychem has granted to the Joint Venture an exclusive worldwide license under the patents.

TIC TOC

[StockItOut]

Yah! Very goot! And yet-there-was the "successful development".

"successful development of a multi-purpose, high-strength fire- and water-resistant composite panel made from a formulation of Retacell® and a cardboard fiber-reinforced polymeric resin, which can be sourced from recycled materials. The panel is fabricated through a compression molding process and may be produced or cut in varying thicknesses and sizes,
including standard 48” x 96” sheets.

“We have been impressed with the Retacell panel’s performance and believe it can compete effectively with many of the building products on the market such as OSB, plywood, drywall, and engineered wood flooring, to name a few. The superior flexibility, resistance properties, insulating ability and mechanical strength of this product may also reduce the cost and complexity of SIP systems. Our team in Slovakia is currently testing the panel’s tensile and thermal properties for certification,”
stated Keith Duffy, CEO of Xeriant.


Typical attempt at spreading misinformation about XERI by purposely misstating and negating the original information.

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