No actual S-1/A explanation is provided to Xeriant's S-1/A claim of Movychem's default of their JV.
It is only a claim. Without any explanation.
A new claim of "development... unsuccessfully", during a time frame that directly contradicts the happenings of "success" during the exact same time frames as stated by Xeriant in Xeriant's previous 10-K, 10-Q, and S-1 financial filings, as well as Xeriant's multiple press releases (PRs) and its pre-recorded 'Conference Call', that all previously stated Xeriant's and the JV's "successful development" of a multi-purpose, high-strength fire- and water-resistant composite panel made from a formulation of Retacell®.
....
Try reading the issue this way.
.