Replies to post #23981 on Xeriant Inc (XERI)

[Smartypants2]

The 10-Q cites Movychem's failure to meet its obligations (ie, provide the necessary production expertise to create NexBoards) as per the JV Agreement: "The Company’s position is that Movychem has not met its obligations under the Joint Venture Agreement and has notified Movychem of same. It is uncertain whether or not the Joint Venture will move forward as it is currently organized."